October, 2017

• 7 October

  ‘Let’s talk’ rallies across Spain seek to defuse Catalan crisis

  

  Bloomberg Demonstrators dressed in white gathered outside city halls in Barcelona, Madrid and across Spain on Saturday to demand that sparring sides in the country’s constitutional crisis move back from the brink. “Let’s talk” said the banners and flags at Sant Jaume square in Barcelona and around Madrid’s Cibeles fountain. The words, written in Spanish and Catalonian, were the top-trending ...

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• 7 October

  ‘EU reaches out to UK opposition as May battles’

  

  Bloomberg The European Union has been meeting more frequently with the UK’s opposition Labour Party as doubts grow over whether Prime Minister Theresa May will remain in her post through the conclusion of Brexit negotiations, the Daily Telegraph reported without saying where it got the information. As May brushed off calls from some Conservative Party members this week to resign, ...

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• 7 October

  Fire Johnson to show strength, Tories urge May

  

  Bloomberg UK Prime Minister Theresa May is being urged to shake up her Cabinet and fire Boris Johnson to show she’s in charge, according to people familiar with the situation, as Tories demand an end to the government infighting that threatens to bring chaos to Brexit. Officials in May’s party, speaking on condition of anonymity, say she should act now ...

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• 7 October

  Nigerian minister queries $24bn oil contracts

  

  Bloomberg Nigeria’s oil minister sent a letter to President Muhammadu Buhari listing at least $24 billion of contracts involving the state oil company that he said were never discussed with him or the firm’s board, a copy of the document seen by Bloomberg shows. Emmanuel Kachikwu, the state minister for petroleum resources, complained in the seven-page, August 30 letter to ...

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• 7 October

  Tokyo Gas not to accept destination clauses in new LNG contracts: President

  

  TOKYO / Reuters Tokyo Gas Co, Japan’s biggest city gas supplier, will not accept new contracts for long-term purchases of liquefied natural gas (LNG) that contain clauses that restrict where the gas can be sold, the company’s president said. “We have no intention of signing new contracts unless the destinations are free,” Tokyo Gas President Michiaki Hirose said during a ...

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• 7 October

  Oil posts its biggest weekly drop since May

  

  Bloomberg Oil took a downward turn as concerns eased about Tropical Storm Nate’s threat to offshore crude platforms and coastal refineries while prices broke through a key technical barrier. Futures slipped 3 percent in New York, bringing this week’s decline to the steepest since May. While BP Plc, Chevron Corp. and other explorers cleared workers from the Gulf of Mexico ...

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• 7 October

  Saudi Aramco IPO on track for 2018

  MOSCOW / Reuters A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow. The plan to float around 5 percent of Aramco in an initial public offering (IPO) is a centrepiece of Vision 2030, a wide-ranging reform plan to diversify the Saudi economy beyond oil which is being championed by Saudi Crown Prince ...

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• 7 October

  Hydropower-focused Brookfield sees more sunshine in future

  

  Bloomberg Brookfield Asset Management Inc., the owner of just a half-megawatt of solar power, is going all in on sunshine. Eight months after agreeing to acquire almost 4 gigawatts of solar and wind power from fallen clean-energy giant SunEdison Inc., Brookfield is now said to be in advanced talks to buy a 41.5 percent stake in Atlantica Yield Plc, which ...

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• 7 October

  Eskom to have contract with Trillian despite its denial

  Bloomberg Eskom Holdings SOC Ltd. allocated a contract number to Trillian Capital Partners, a company to which it said it has made ‘unlawful’ payments, according to documents seen by Bloomberg. Eskom has consistently denied that it has ever held a formal agreement with the company. The South African state-owned power utility said it will ask McKinsey & Co. and Trillian, ...

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• 7 October

  Renault to double electric car offerings, widen China presence

  

  Bloomberg Renault SA will double electric-car offerings in the next five years and widen its presence in China to protect its global ranking in building battery-powered autos as competitors including Volkswagen AG expand in the segment. Electrified models will comprise half of Renault’s line-up by the end of 2022 as the carmaker rolls out eight new or revamped wholly battery-powered ...

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