June, 2017

• 14 June

  IMF lifts China growth estimate to 6.7% in second rise this year

  Bloomberg The International Monetary Fund raised its growth estimate for China for the second time this year while also cautioning that deep reforms are still needed to break away from debt-fueled expansion. The world’s second-largest economy will expand by 6.7 percent in 2017, the Washington-based fund said in its annual report on Article IV consultations published on Wednesday. That’s up ...

  Read More »
• 14 June

  Nintendo’s new games aim to build on Switch success

  

  Bloomberg Nintendo Co. announced a slate of new titles for its new hybrid console Switch, moving to capitalize on early excitement for its newest video-game system. A Pokemon role-playing game for the Switch is in development, Kyoto-based Nintendo said Tuesday on a webcast at the start of the industry’s annual Electronic Entertainment Expo in Los Angeles. The company and Ubisoft ...

  Read More »
• 14 June

  VW sleuths say Fiat Chrysler diesels spew excess pollution

  

  Bloomberg Fiat Chrysler diesel vehicles spewed pollution as much as 20 times the legal limit, according to testing by the same researchers who first recorded the excess emissions in Volkswagen AG’s diesel cheating scandal. The results shed new light on the US Justice Department’s allegations in a civil lawsuit last month that Fiat Chrysler Automobiles NV has used illegal “defeat ...

  Read More »
• 14 June

  UK squeeze tightens as wages grow at slowest pace in 2 years

  Bloomberg The squeeze on UK households intensified in the three months through April as wage growth lagged further behind inflation. Average earnings rose 1.7 percent, the slowest annual pace for more than two years, the Office for National Statistics said on Wednesday. But they fell 0.6 percent after inflation is taken into account, the largest drop since August 2014. In ...

  Read More »
• 14 June

  Shaw sells ViaWest server unit to peak 10 for $1.7bn

  

  Bloomberg Shaw Communications Inc. sold its ViaWest data service business to Peak 10 Holding Corp. for C$2.3 billion ($1.7 billion), three years after the Canadian telecommunications company bought it for C$1.3 billion. ViaWest and Peak 10 combined will be North America’s largest privately held data center company, Shaw said in a statement. The deal frees up cash for Shaw to ...

  Read More »
• 14 June

  Ex-Noble Group’s CEO sues founder for $58mn

  Bloomberg The former chief executive officer of Noble Group Ltd. has filed a lawsuit against founder Richard Elman claiming that he’s owed stock in the embattled commodity trader. Yusuf Alireza, who left the company in May 2016, filed the suit against Elman in the High Court of Hong Kong alleging contract breaches, according to a writ of summons. Alireza seeks ...

  Read More »
• 14 June

  Punishing Putin mostly means punishing his foes

  

  After being surprised by broad-based protests in late March, the Russian authorities were ready to prevent a repeat on Monday. Police detained hundreds across the country as well as opposition leader Alexei Navalny. The protests themselves were thinner, too — planning to be arrested, which is likely, is not for everyone — but thousands still turned out. As I watched ...

  Read More »
• 14 June

  India central bank’s freedom gets crucial test after rate decision

  

  Clashes between central banks and governments happen the world over. India is no different, yet the recent friction between the Reserve Bank of India (RBI) and Prime Minister Narendra Modi’s government over a controversial rate call offers up a test case of central bank independence in this $2 trillion economy. Last October, the RBI led by governor Urjit Patel adopted ...

  Read More »
• 14 June

  Trump’s Obamacare crisis

  

  Like too much else in Washington, the slow-motion collapse of Obamacare was an eminently avoidable crisis. The question, now that it is happening, is whether President Donald Trump and Congress want to work together to contain it. With Anthem Inc.’s alarming decision to quit Ohio’s health-insurance marketplace, 18 more counties can now be added to the territory where people who ...

  Read More »
• 14 June

  France gives Macron a mandate for change

  So the presidential election was no fluke: The voters of France have put Emmanuel Macron’s new République En Marche (Republic on the Move) party on course for a big parliamentary majority. If this is confirmed in the June 18 runoff, Macron will control not just foreign policy but domestic policy as well. His task in reforming the French economy, as ...

  Read More »