August, 2017

• 23 August

  Israel wants seat at table amid call to end Syria war

  

  Bloomberg As world powers seek an endgame to Syria’s six-year war, Israeli Prime Minister Benjamin Netanyahu wants a seat at the table. Israel says Iran and its Lebanese proxy Hezbollah are working to entrench themselves militarily in neighboring Syria, where they’re backing Syrian government troops, and it’s rattled that a recent truce deal brokered by Russia and the US doesn’t ...

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• 23 August

  US asks if Iran military sites to be checked under N-deal

  

  UNITED NATIONS / Reuters The United States wants to know if the United Nations atomic watchdog plans to inspect Iranian military sites to verify Tehran’s compliance with a 2015 nuclear deal, the US ambassador to the United Nations, Nikki Haley, said. Haley will meet with International Atomic Energy Agency (IAEA) officials in Vienna for what she described as a fact-finding ...

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• 23 August

  Trump calls out Pak even as security situation betters

  

  Bloomberg When US President Donald Trump accused Pakistan of continuing to provide a “safe haven to agents of chaos, violence and terror” it evoked memories of general lawlessness across the country in the years after 9/11 that drove investors from South Asia’s second-largest economy. While militants the US identifies as terrorists find refuge in Pakistan, safety within the nation has ...

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• 23 August

  Angola begins polls that will end Dos Santos rule

  Bloomberg Angolans began voting in an election that will bring about the first leadership change in almost four decades for Africa’s second-biggest oil producer. “D-day has arrived,” Domingos Francisco said on Wednesday as he stood in line behind dozens of voters outside a blue tent that served as a polling station in the Rangel neighborhood in Luanda, the capital. “I ...

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• 23 August

  Avianca’s United talks go on in bid for Latam dominance

  

  Bloomberg Latin America’s airline industry is moving towards having just two dominant players serving the region and the world. Avianca Holdings SA says it can be one of these, boosted by its alliance with United Continental Holdings Inc. and a merger with a Brazilian airline. The carrier hopes to reach a commercial agreement this year with United, with the ultimate ...

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• 23 August

  Taiwan airline surges on new iPhone 8 bets

  

  Bloomberg If shares of Taiwan’s largest airline are anything to go by, Apple Inc.’s next iPhone will be a runaway success. China Airlines Ltd. has surged more than 30 percent in the past 8 days, adding about $4.1 billion in market value and outperforming almost every other member of MSCI Inc.’s Asian benchmark. Behind the gains is investor optimism the ...

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• 23 August

  Steinhoff stake won’t hurt independence: Shoprite

  

  Bloomberg Shoprite Holdings Ltd. won’t let the purchase of a 22.7 percent stake in the food retailer by Steinhoff International Holdings NV affect its independence and is on the hunt for acquisitions of its own, according to Chief Executive Officer Pieter Engelbrecht. Africa’s largest supermarket chain will continue to dictate its own strategy, the CEO said after an earnings presentation ...

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• 23 August

  American apparel stocks went wild this year

  

  Bloomberg US retail stocks have been wildly volatile for years. Now that turbulence is spreading to their close cousins, apparel stocks. Name a major company in the sector and chances are it’s posted an eye-catching tumble—or in some instances, gain—at some point this year. Coach plunged 15 percent one day last week. Michael Kors soared 22 percent in early August, ...

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• 23 August

  Macy’s gains after declaring eBay hire, operations overhaul

  

  Bloomberg Macy’s Inc. rose after naming former eBay Inc. Senior Vice President Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department-store giant. Lawton, who starts on September 8, will be responsible for the Macy’s brand, including merchandising, marketing, stores and operations, the company. He inherits the post from Jeff Gennette, who took ...

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• 23 August

  Oil pares gain as US fuel supply rise

  

  Bloomberg Oil pared gains after the American Petroleum Institute unexpectedly reported higher inventories of US gasoline and diesel last week, even as crude supplies declined. The API estimated that stockpiles of gasoline rose 1.4 million barrels last week and diesel expanded 2.05 million, according to people familiar with the data, which is only disclosed to members. That would be a ...

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