September, 2017

• 18 September

  Boris Johnson seen ‘heading for’ face off with May in New York

  

  Bloomberg Foreign Secretary Boris Johnson is again the focus in British politics after his challenge of Prime Minister Theresa May sparked a round of speculation over whether he’s willing to resign if she softens her stance on the Brexit bill or if he could be fired for insubordination. Both May and her top diplomat will be New York this week ...

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• 18 September

  Macron reminds world ‘France is a N-power too’

  

  Bloomberg Emmanuel Macron is aiming to show France can still punch its weight. After North Korea tested a nuclear weapon this month, the French President took time out of a state visit to Greece to lobby China’s Xi Jinping on ratcheting up sanctions. He’d already spoken to the leaders of Germany, the UK and Italy on the issue and in ...

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• 18 September

  Turkish army ups ante against Kurdish plebiscite

  

  Bloomberg The Turkish army kicked off a military drill near the border with Iraq’s Kurdish region, underscoring Turkey’s threat to do whatever it deems necessary against an Iraqi Kurdish independence referendum scheduled for next week. Dozens of Turkish tanks dotted an open field just a few kilometres from the Iraqi border on Monday, according to footage on CNN-Turk television. Erdogan, ...

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• 18 September

  Saudi Arabia to seek bidders for 1,600 km Red Sea-Gulf Railway

  

  Bloomberg Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year, signaling the go ahead for a long-delayed project seen as vital to reducing the economy’s dependence on oil. The so-called Land Bridge line will shave around three days off ...

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• 18 September

  Oil trades near $50 a barrel after decline in US drilling

  

  Bloomberg Oil traded near $50 a barrel in New York, close to a three-month high, as a further reduction in US drilling added to signs the global crude surplus is abating. West Texas Intermediate futures were little changed after advancing 5.1 percent last week. Rigs targeting crude fell by seven to 749, according to data from Baker Hughes. Drillers haven’t ...

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• 18 September

  Bahrain refuses Qatari bond investors in record sale

  

  Bloomberg Bahrain refused to process bids by Qatari investors for its largest-ever bond offering after cutting ties with the gas-rich Gulf state in June, according to two people familiar with the matter. Doha-based companies that submitted bids for Bahrain’s $3 billion debt sale last week weren’t given allocations because the island state, along with other Gulf economies, are cutting their ...

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• 18 September

  Algeria to lean on central bank to plug deficit amid oil slump

  

  Bloomberg Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the OPEC member looks to compensate for lower oil revenue without tapping international debt markets. The five-year plan presented by Prime Minister Ahmed Ouyahia aims to balance the budget by 2022, and reverse a deficit that ...

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• 18 September

  ‘Big oil becomes greener with cuts to pollution’

  

  Bloomberg It’s no secret that oil majors are among the biggest corporate emitters of pollution. What may be surprising is that they’re reducing their greenhouse-gas footprints every year, actively participating in a trend that’s swept up most corporate behemoths. Sixty-two of the world’s 100 largest companies consistently cut their emissions on an annual basis between 2010 and 2015, with an ...

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• 18 September

  Egypt’s Domty sees revenues jump in Q3

  Bloomberg Egyptian cheese-maker Arabian Food Industries is expecting third-quarter revenues to jump by about 50 percent and sales volumes to be better than the first two quarters of the year as Egyptian consumers adapt to price hikes that followed last year’s currency float. The Cairo-based company, also known as Domty, sees revenues of 700 million Egyptian pounds ($39.7 million) this ...

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• 18 September

  Google joins mobile payments race in cash-reliant India

  

  Bloomberg Alphabet Inc.’s Google introduced a digital payments service specifically designed for India as competition heats up for the country’s billion-plus potential users. Tez, the Hindi word for fast, debuted on Monday for download on iPhones and Android devices and joins an increasingly crowded field. The service is compatible with the Indian government-backed Unified Payments Interface, which simplifies financial transactions ...

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