June, 2017

• 3 June

  Paris exit leaves Trump isolated

  

  Bloomberg The response to President Donald Trump’s announcement he was exiting the Paris climate accord and wanted to renegotiate on his terms was immediate: The leaders of France, Germany and Italy said no. On Wall Street, corporate executives pilloried the businessman president. Goldman Sachs’ CEO tweeted for the first time, calling the move a setback for the world. Tesla Inc.’s ...

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• 3 June

  Trump reviewing whether to block Comey ‘testimony’

  Bloomberg The White House is reviewing whether to invoke executive privilege to prevent former FBI Director James Comey from testifying before a congressional panel next week. Comey is scheduled to testify on Thursday before the Senate Intelligence Committee about his May 9 firing by President Donald Trump. The panel is investigating Russian meddling in the 2016 presidential election and whether ...

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• 3 June

  UK voters grill May, Corbyn in last TV event of election

  Bloomberg The final television event of Britain’s general election campaign saw both Prime Minister Theresa May and her main challenger, Labour leader Jeremy Corbyn, take a pummeling from angry voters. May has refused to directly debate Corbyn, and so the BBC’s “Question Time” featured the two leaders consecutively, with the prime minister going first. There was no gentle warming up, ...

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• 3 June

  Monte Paschi wins EU backing on revamp, paving way to rescue

  

  Bloomberg European Union and Italian officials agreed on a plan to restructure Banca Monte dei Paschi di Siena SpA, allowing Italy to inject capital to rescue the world’s oldest bank. Competition Commissioner Margrethe Vestager and Italian Finance Minister Pier Carlo Padoan reached “an agreement in principle” on a deal that paves the way for a precautionary recapitalization of the lender, ...

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• 3 June

  Deutsche plans Asia wealth expansion

  

  Bloomberg Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years. Deutsche Bank Wealth Management plans to add 50 client-facing positions including relationship managers during the second half of the year after hiring 13 employees last month, Lok ...

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• 3 June

  RBS lawsuit settlement falters as investors hold out

  

  Bloomberg Royal Bank of Scotland Group (RBS) Plc’s settlement with investors suing the bank, which seemed a certainty earlier in the week, has faltered as a handful of investors continue to hold out. Some of the shareholders who indicated they would end a lawsuit over the lender’s 2008 rights offering, now want a higher settlement offer, and the case could ...

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• 3 June

  PBOC pursues neutral policy amid tightening concerns

  

  Bloomberg China will pursue ‘neither loose nor tight’ monetary policy to ensure basically stable liquidity, People’s Bank of China (PBOC) Deputy Governor Chen Yulu said. The central bank will continue to implement “prudent and neutral” monetary policy, and create a “neutral and moderate” financial environment for supply-side reform, Chen told the Tsinghua PBCSF Global Finance Forum in Beijing Saturday. Intensified ...

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• 3 June

  After Paschi, Italy’s other troubled banks in view

  Bloomberg Italy may have no time to rest on its laurels after brokering a deal to keep Banca Monte dei Paschi di Siena SpA in business. While an “in principle” agreement between Finance Minister Pier Carlo Padoan and European Union Competition Commissioner Margrethe Vestager will help save the world’s oldest bank through paving the way for a precautionary recapitalization, the ...

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• 3 June

  Brazil plots steady clean-energy course amid political turmoil

  

  Bloomberg Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies. The country will organize at least one power auction for clean-energy projects this year, according to Eduardo Azevedo, secretary of energy planning and development at the Ministry of Mines and Energy. A second auction ...

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• 3 June

  World’s biggest wind turbine maker falls as Trump drops Paris

  

  Bloomberg Vestas Wind Systems A/S, the world’s biggest maker of wind turbines, dropped to its lowest in more than 1 1/2 months after US President Donald Trump’s decision to exit the Paris climate accord threw into doubt the future of renewable energy. Vestas fell as much as 3 percent, and traded 2.3 percent lower at 571.50 kroner as of 12:53 ...

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