October, 2017

• 23 October

  May’s Brussels gains eclipsed by domestic Brexit challenge

  

  Bloomberg Theresa May’s battle to get her Brexit legislation through Parliament hit a new roadblock as the opposition Labour Party threatened to unite with rebels among her Conservatives, eclipsing the small victory she brought home from a summit of European Union leaders. The UK prime minister returned from Brussels bolstered by encouraging words from her European counterparts, who signaled that ...

  Read More »
• 23 October

  Tillerson makes secret Afghan visit to meet leaders

  Bloomberg US Secretary of State Rex Tillerson made a surprise visit to Afghanistan on Monday, meeting with the nation’s leaders leaders as the Trump administration pursues a new strategy pledging an open-ended troop commitment after more than 15 years of war. Tillerson met at Bagram Air Base with President Ashraf Ghani and Chief Executive Abdullah Abdullah before returning to Doha ...

  Read More »
• 23 October

  Abe vows to seek consensus on constitution

  

  Bloomberg A day after a landslide election victory, Prime Minister Shinzo Abe pledged to seek a broad consensus on revising Japan’s 70-year-old pacifist constitution and reiterated there was no fixed schedule for change. Abe, 63, saw his ruling coalition retain its two-thirds majority in the 465-member lower house on Sunday, bolstering his chances of staying in office through 2021. While ...

  Read More »
• 23 October

  Ankara mayor an unlikely rebel in face-off with Erdogan

  Bloomberg Longtime Ankara Mayor Melih Gokcek is resisting pressure to resign, fashioning himself into an unlikely rebel as President Recep Tayyip Erdogan turns a sweeping purge of Turkish society against his own party. Gokcek, who’s been elected to the post in five consecutive elections since 1994, has been under pressure to step down since early this month, when Turkish media ...

  Read More »
• 23 October

  Catalans plan human shield to block Madrid takeover

  

  Bloomberg Catalan separatists are mobilizing a human shield to block efforts by the Spanish authorities to take control of the breakaway region as both sides prepare to escalate the political conflict. Groups will concentrate their activists around the regional government’s headquarters in Barcelona’s Gothic quarter and the nearby parliament building, according to two people familiar with the plans, asking not ...

  Read More »
• 23 October

  ‘Poland is cutting last fuse on democracy’

  

  Bloomberg Twenty-eight years after Poland led eastern Europe’s break with communism and its embrace of western-style democracy, the country’s human rights commissioner is sounding the alarm with a warning that the European Union’s largest eastern nation is on a road that leads back to authoritarian rule. The latest plan by President Andrzej Duda and the ruling party to revamp the ...

  Read More »
• 23 October

  LNG markets to remain oversupplied into 2020s despite strong demand

  

  SINGAPORE / Reuters Global liquefied natural gas (LNG) markets will remain oversupplied into the 2020s due to a surge in production, although soaring demand especially from China may tighten the market earlier than expected, the International Energy Agency (IEA) said on Monday. “We will see massive amounts of new LNG capacity coming to the market … so we will probably ...

  Read More »
• 23 October

  Saudi Arabia may let foreigners strategic stakes in listed firms

  Bloomberg Saudi Arabia is working on a plan to allow non-resident foreign investors to own strategic stakes in listed companies as the kingdom overhauls its economy. The Capital Market Authority and the Saudi Arabian General Investment Authority signed a memorandum to set up a framework to allow foreigners to own 10 percent or more of publicly traded companies and to ...

  Read More »
• 23 October

  Tellurian offers billions of dollars in equity in Driftwood LNG project

  

  SINGAPORE / Reuters US liquefied natural gas (LNG) project developer Tellurian Inc is offering billions of dollars in equity in its Driftwood project in Louisiana to make it more attractive for buyers, a senior company official said on Monday. Tellurian is offering 60 percent to 75 percent equity interest in Driftwood Holdings, which comprises Tellurian’s upstream company, its pipeline and ...

  Read More »
• 23 October

  Oil extends gains as OPEC says all options open on re-balancing

  

  Bloomberg Oil extended gains as OPEC and its allies reiterated that all options are open to re-balance the market. December futures increased as much as 0.8 percent in New York. OPEC and its partners including Russia achieved a record-high level of compliance to output cuts during September, according to a statement from the committee responsible for monitoring the agreement. In ...

  Read More »