July, 2017

• 24 July

  After a three-year hiatus, Greece to return to bond market

  

  Bloomberg Greece will return to the bond market after a three-year hiatus, banking on investor interest in its recovery story. The country, which was the epicenter of the European sovereign crisis that began in 2009, is looking to sell five-year bonds, according to an Athens Stock Exchange filing. It is also inviting holders of 4.75 percent bonds due in 2019 ...

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• 24 July

  Chinese banks ‘that funded HNA’ halts new lending

  Bloomberg Several Chinese banks that helped fund HNA Group Co.’s global acquisition spree are losing their appetite for financing the company, according to people familiar with the matter. Three of the banks have decided to stop extending new loans to HNA, said the people, who asked not to be identified because the information is private. One made the decision early ...

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• 24 July

  Uber in crosshairs as SoftBank helps rivals raise $9 billion

  

  Bloomberg Uber Technologies Inc. is at risk of losing out on another big chunk of the global market. Grab, the leading provider of ride-hailing services in Southeast Asia, said on Monday it raised $2 billion from Japan’s SoftBank Group Corp. and China’s Didi Chuxing and expects to receive another $500 million from new and existing backers. The money will help ...

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• 24 July

  Russian contacts were few and insignificant: Kushner

  

  Bloomberg Jared Kushner confirmed four contacts with Russians during his father-in-law’s presidential campaign or after the election, he said, but he described the encounters as unmemorable and denied colluding with the Russian government to help Donald Trump win. In the most consequential meeting, Kushner said he agreed to meet with a Russian banker, Sergey Gorkov, on Dec. 13 at the ...

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• 24 July

  US dispatches envoy to ease Mideast frictions

  Bloomberg White House envoy Jason Greenblatt flew back to a more volatile Middle East on Monday as deadly violence that began over a Jerusalem shrine spilled over into the Israeli Embassy in Jordan, leading to a diplomatic standoff between two key American allies. Israeli Prime Minister Benjamin Netanyahu’s security cabinet was set to convene for the second time in 24 ...

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• 24 July

  Afghan capital Kabul hit by worst bombing in 2 months

  Bloomberg A suicide car bomb killed at least 24 people and wounded more than 40 others in Kabul on Monday, the worst attack on the Afghan capital since a blast killed over 100 people almost two months ago. The attack hit a minibus carrying government workers in the Western neighborhood of Dehbori, according to a statement from the office of ...

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• 24 July

  Polish president vetoes judiciary laws amid EU and public outcry

  

  Bloomberg Poland’s president vetoed part of a judicial overhaul that’s triggered one of the country’s deepest political crises since the fall of communism and touched off debate in the European Union over how to confront members that flaunt democratic values. Dealing a blow to the ruling party that backed his presidency, Andrzej Duda struck down bills that would have replaced ...

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• 24 July

  Abe denies cronyism allegations as support falls

  Bloomberg Japanese Prime Minister Shinzo Abe sought to stem a slide in his popularity in a special parliamentary hearing on Monday, reiterating his denials of cronyism, apologizing for disparaging remarks about opponents and vowing to focus on the economy. Approval for Abe’s cabinet slumped again in three media polls conducted over the weekend. His support was at 26 percent, the ...

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• 24 July

  China probes former rising star in party for violations

  Bloomberg China’s official Xinhua News Agency confirmed on Monday that Sun Zhengcai, the former Communist Party chief of Chongqing city, is under investigation for serious disciplinary violations. The brief announcement followed news reports a little over a week ago that Sun, 53, was being probed. As the youngest member of the party’s 25-member Politburo, Sun was considered a rising star ...

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• 24 July

  Ryanair shares tumble after warning fares will fall in 2017

  

  Bloomberg Ryanair Holdings Plc predicted that ticket prices will decline through the rest of the year as Europe’s biggest discount carrier competes to lure more customers amid excess capacity. The shares fell the most in four months. The Dublin-based airline said fares will slide 8 percent in the six months through March, accelerating from a 5 percent drop in the ...

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