September, 2017

• 25 September

  Kenya threatened with ‘constitutional crisis’

  

  Bloomberg Kenya is lurching towards a constitutional crisis as a standoff deepens between the two presidential candidates over how to manage a rerun of last month’s botched election. Both sides have entrenched their positions: Raila Odinga’s opposition coalition has called mass protests starting Tuesday to demand the electoral commission is overhauled before the vote takes place, while President Uhuru Kenyatta’s ...

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• 25 September

  Lithuania’s ruling coalition ‘saved from collapse’

  

  Bloomberg Lithuania’s ruling coalition was saved from collapse after lawmakers from its junior partner defied their own party by opting to support the 10-month-old government. The Social Democrats’ members of parliament voted 10-4 to remain in the alliance, with one abstaining. They decried the party’s “premature” decision at the weekend to quit. The party’s foreign and justice minister had already ...

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• 25 September

  Berlin votes to keep Cold War airport in fallout over delays

  

  Bloomberg Berlin residents voted to keep open the city’s Tegel airport in a backlash over the fiasco surrounding Willy Brandt international, which is meant to replace the Cold War relic. The measure won 56.1 percent of the votes cast in Sunday’s election, surpassing the required majority, according to the city’s website. While the result sends a signal to Berlin’s Senate ...

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• 25 September

  Airbus seeks China goodwill with first wide-body site abroad

  

  Bloomberg Airbus SE is courting China with its first wide-body jet facility outside Europe, positioning the company to chase billions of dollars in potential orders from an aviation market that’s set to become the world’s biggest within a decade. Chief Operating Officer Fabrice Bregier inaugurated the $200 million completion centre in Tianjin, a site designed to give finishing touches such ...

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• 25 September

  Amazon investment boosts India’s Shoppers Stop stock

  

  Bloomberg Shoppers Stop Ltd.’s shares surged as much as 20 percent after forging a deal with Amazon.com Inc. that will help the Indian retailer boost revenue and add 25 percent more stores. Shoppers Stop will raise $28 million selling a 5 percent stake to Amazon.Com NV Investment Holdings LLC, the Mumbai-based company said. It also agreed with Amazon’s local unit ...

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• 25 September

  Risky roads a boon for small airlines in war-ravaged South Sudan

  

  Bloomberg Ayaak Deng’s first-ever flight let her skip over a hundred miles of bloodily contested South Sudan and visit family she hadn’t seen in a year. It’s the kind of trip that’s revitalising small airlines that initially struggled because of the almost four-year civil war. The airport in the capital, Juba, has recorded about 1,000 domestic passengers a day this ...

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• 25 September

  Saudi Arabia hires banks for third international bond

  

  Bloomberg / Reuters Saudi Arabia will hold calls with fixed-income investors starting Monday as the world’s biggest oil exporter seeks to sell dollar bonds for the second time this year. The kingdom mandated Goldman Sachs Group Inc., GIB Capital, HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc. as joint lead managers and bookrunners to organize ...

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• 25 September

  Statoil vies for stake in Abu Dhabi’s offshore oil

  Bloomberg Statoil ASA is among producers involved in discussions with the Abu Dhabi National Oil Co. about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch. “All the major oil companies, including Statoil, are positioning themselves for a cooperation with ADNOC in the offshore segment,” Norway’s embassy in Abu Dhabi wrote in a message to the Foreign ...

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• 25 September

  Argus seeks to publish Iraq crude prices for cargoes

  

  SINGAPORE / Reuters Oil pricing agency Argus Media said on Monday it is seeking market feedback to publish prices for Iraq’s Basra Light and Basra Heavy crude oil grades for cargoes that do not have restrictions on the destinations to which they can be sold. Argus currently publishes prices for Basra Light and Heavy for cargoes that are restriction to ...

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• 25 September

  Renewables investor Quercus plans 500mn euro-plus Iran solar project

  

  LONDON / Reuters Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief executive told Reuters. The planned 600-megawatt (MW) plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts ...

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