July, 2017

• 12 July

  Chinese internet clampdown hurts business: US group

  

  Bloomberg China’s clampdown on the use of virtual private networks to circumvent the country’s internet controls risks disrupting businesses that depend on them for cloud services and data security. Besides using virtual private networks to gain access to websites like Facebook and Google blocked by China’s regulators, companies use VPNs to ensure speed and efficiency as they migrate more services ...

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• 12 July

  Asia trade bellwether shrugs off politics for record results

  

  Bloomberg Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism. As a result, Taiwanese companies are posting record sales, a development they owe largely to an upswing in the global electronics industry. As Apple Inc. ...

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• 12 July

  Gold imports by India more than double ahead of new tax

  

  Bloomberg Gold imports by India, the world’s second-biggest user, more than doubled in June from a year earlier amid a rush by jewelers to build up inventories ahead of a tax change. Inbound shipments surged to 72 metric tons last month from 31.8 tons a year earlier, according to a person familiar with provisional data from the finance ministry, who ...

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• 12 July

  Uber sees financial growth, possible Waymo settlement

  

  Bloomberg Uber Technologies Inc. tried to assuage investors’ concerns that a series of scandals were taking a toll on the business. It told them to expect improved bookings, narrower losses and a possible settlement with Alphabet Inc. that could resolve one of the company’s biggest legal hurdles. On a conference call with investors, Uber executives said gross bookings increased more ...

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• 12 July

  Canada wildfires shut lumber mills, Enbridge gas compressor

  

  Bloomberg ­­More than 300 wildfires in British Columbia have forced Canadian lumber mills and an Enbridge Inc. natural gas compressor station to shut as hot, dry weather fans blazes across swaths of west Canada and US. Enbridge said that it has closed a compressor station on its T-South pipeline, which carries natural gas from northern B.C. to the US border. ...

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• 12 July

  Toyota turns to rental cars for boost in US market

  

  Bloomberg As automakers in the US struggle to keep selling new cars to American consumers at a record clip, Toyota Motor Corp. plans to turn to rental car companies and other fleet operators for a boost. Toyota will nearly match last year’s total sales to fleet customers, which means the company has some catching up to do. Deliveries to rental ...

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• 12 July

  Poland aims to raise tax on fuels amid social-spending drive

  Bloomberg Poland’s parliament started debate on legislation to raise the tax on petrol, reversing on an election promise even after producing a reported budget surplus in the first half. The ruling party proposed the tariff to provide as much as 5 billion zloty ($1.3 billion) a year to the budget, according to parliament’s website. Law & Justice, which vowed not ...

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• 12 July

  Billionaires in Sun Valley hunt for next AT&T-Time Warner

  

  Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...

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• 12 July

  Local partnership key to US success over IS

  

  What lessons can we take from the IS’s defeat in Mosul and its coming eviction from Raqqa? The collapse of the ‘caliphate’ tells us that the US can succeed militarily in the Middle East if — and probably only if — it works with local forces who are prepared to do the fighting and dying. Where the massive US ground ...

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• 12 July

  India sees your bond bubble, will raise you a green one

  

  There’s a green bubble in India, with investors flocking to fund a planned tripling of renewable energy capacity over the next five years. Luckily for Singapore’s sovereign wealth fund, one of the more gung-ho backers of solar, wind and hydroelectric power in the country, there’s a bigger bubble out there — in global bond markets — that’s allowing the green ...

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