May, 2017

• 21 May

  What it will take to stop graft in Brazil

  Investors dumped Brazil’s stocks and currency as the country’s ever-proliferating corruption scandal spread to President Michel Temer. This latest twist in a seemingly endless saga not only threatens to stall vital economic reforms but also comes close to showing that the corruption in Brazil’s government is literally beyond control. Proving otherwise will require drastic measures. Sitting federal lawmakers have put ...

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• 21 May

  Flynn’s Turkey lobbying adds to Trump woes

  Former National Security Advisor Michael Flynn’s controversy continues to dog the White House. Flynn scandal has become towering predicament for Trump’s presidency. Trump fired Flynn in February as he misled Vice President Mike Pence about his contacts with Russia’s ambassador to Washington Sergey Kislyak before Trump took office. In 2015, Flynn received $30,000 to attend Moscow events, where he shared ...

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• 21 May

  China is the future of the sharing economy

  

  It’s been an excellent few months for startups in China’s sharing economy. Perhaps too good. The bike-sharing industry landed its first unicorn, and companies that allow phone users to share battery packs have raised at least $150 million in recent weeks. But at the same time, one startup recently announced that it expects to share at least 500,000 umbrellas in ...

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• 21 May

  Singapore Air has a cheap lesson for Cathay Pacific

  

  What’s Europe’s most profitable airline? Air France-KLM, whose premium passengers sleep in private suites with memory-foam mattresses, dine on Joël Robuchon dishes and have private jets at their disposal? Or Ryanair Plc, which offers flights starting at 10 euros and whose chief executive officer has mused about charging passengers for toilet visits? No prizes for guessing it’s Ryanair. Trailing 12-month ...

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• 21 May

  The next mobile phone revolution is coming

  

  For years, mobile phone owners have had access to just one digital assistant — Siri on an iPhone, Google Now/Google Assistant on an Android device, Cortana on a Windows one. Now that’s changing as multiple assistants proliferate to multiple phones. It sounds like an epidemic case of multiple personality disorder but it’s actually a step toward a future in which ...

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• 21 May

  ‘Extending oil cuts, adding small producers can drain stocks’

  

  RIYADH / AGENCIES Saudi Arabia’s energy minister said on Sunday that extending the current agreement on global oil supply cuts until March next year, and adding one or two small producers to the pact, should be enough to reduce oil inventories. “We believe that continuation with the same level of cuts, plus eventually adding one or two small producers … ...

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• 21 May

  Explorer in oldest Indian coal region bets $1bn on gas

  Bloomberg India’s first producer of natural gas from coal seams in the country’s oldest mining region will spend about $1 billion to look for some of the newest forms of energy. Great Eastern Energy Corp. will invest as much as 20 billion rupees ($312 million) over the next four to five years to drill 144 new wells at its Raniganj ...

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• 21 May

  BHP weighs further sale of US shale gas assets

  

  Bloomberg BHP Billiton Ltd. is considering further sales of its US shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company. “If there is a natural owner out there who believes more upside can be achieved within this ...

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• 21 May

  Chevron’s $54bn LNG plant hits new snag in Australia

  Bloomberg Chevron Corp.’s Gorgon liquefied natural gas plant shut a produ-ction train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the company’s history. Train 1 at the $54 billion project on Barrow Island off northwest Australia shut last week to replace a failed flow-measurement device, Cameron Van Ast, ...

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• 21 May

  Worst yet to come for China company bonds on debt cuts

  

  Bloomberg The worst may not be over for Chinese corporate bonds as the government pushes ahead with its campaign to reduce leverage in the debt market, according to investors including Invesco Ltd. The crackdown on the use of borrowed money to invest in financial assets has led to Chinese companies canceling 184 billion yuan ($27 billion) of bond sales this ...

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