July, 2017

• 3 July

  Doha responds to demands as gulf nations extend deadline

  

  Bloomberg Qatar delivered its official response to the 13 demands made by the Saudi-led coalition that cut diplomatic and transport links with the country, Al Arabiya news channel reported, as President Donald Trump and Kuwait’s emir stepped up efforts to resolve the month-long crisis. Al Arabiya gave no details of the reply. The coalition, which also includes the UAE, Bahrain ...

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• 3 July

  Suicide bomber kills 14 in Iraqi camp

  BAGHDAD / Reuters A suicide bomber dressed as a veiled woman killed 14 people and wounded 13 others in a displacement camp west of the Iraqi capital Baghdad, security sources said in a statement. IS extremists, who have been facing mounting US-backed offensives in Iraq and neighbouring Syria, claimed responsibility for the assault. The camp known as ‘kilo 60’ houses ...

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• 3 July

  Abbas says ‘ready for peace deal’ with Israel

  

  ADDIS ABABA / WAM Palestinian President Mahmoud Abbas said on Monday that he is ready for a historical peace deal with Israel based on a two-state solution, the WAFA News Agency has reported. “We are waiting for Israel to respond to the initiative of the US President Donald Trump for a historical peace deal based on a two-state solution,” said ...

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• 3 July

  China warns against ‘negative’ US turn

  

  Bloomberg President Xi Jinping’s complaint about a ‘negative’ turn in China’s relationship with the U.S. showed the challenge facing Donald Trump when the two leaders meet in Germany this week. Xi’s comment during a phone call with Trump on Monday followed several assertive U.S. moves in Asia, including a naval patrol past a Chinese-controlled islet a day earlier. The American ...

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• 3 July

  France, Germany to help Italy cope with migration flows

  Bloomberg The interior ministers of France and Germany agreed on new measures meant to help Italy as it struggles to cope with rising migrant arrivals, pledging to boost support for the Libyan coast guard and speed up their relocation under a European Union accord. At a dinner in Paris with interior ministers Gerard Collomb of France, Thomas De Maiziere of ...

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• 3 July

  Merkel urges G-20 to seek ‘win-win’ policy for all

  

  Bloomberg Chancellor Angela Merkel urged Germany’s partners in the Group of 20 states to avoid deeper divisions in economic policy as these may become irreconcilable, and to seek inclusive “win-win” solutions that benefit all instead. Commenting in her weekly podcast, the German leader said the G-20 summit in Hamburg this week offers a good platform for states to air their ...

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• 3 July

  Oil trades near three-week high after US drilling slows

  

  Bloomberg Oil traded near the highest closing price in almost three weeks after US drilling slowed after a record expansion. Futures were little changed in New York after rising 8.3 percent the previous seven sessions. US drillers targeting crude reduced the number of active rigs for the first time in 24 weeks, according to Baker Hughes Inc. data. Libya’s oil ...

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• 3 July

  Libya oil output at 4-year high loosens OPEC grip on supply

  

  Bloomberg Libya’s oil production has climbed to more than 1 million barrels a day for the first time in four years, further complicating OPEC’s struggle to regain control of the oil market. The North African country is pumping 1.005 million barrels a day, according to a person with direct knowledge of the situation, who asked not to be identified because ...

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• 3 July

  Bets on oil rout peaking as shale boom falters

  

  Bloomberg Oil short-sellers have been on a roll, but their bets on declining prices may have begun to hit a wall. Hedge-fund wagers on lower West Texas Intermediate crude reached the highest level since August in the week ended June 27, after more than doubling in two months, according to Commodity Futures Trading Commission data. The bearish bets increased at ...

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• 3 July

  Egypt attracts $9.8bn foreign investment

  

  CAIRO / Reuters Egypt attracted almost a nine-fold increase in foreign investment in domestic debt instruments in the 2016-2017 fiscal year, the finance ministry said. Appetite for Egypt’s domestic debt has increased since the central bank floated the currency in November as part of an International Monetary Fund lending programme aiming to revive the economy. For the 2016/17 fiscal year, ...

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