April, 2017

• 11 April

  JD Sports shares soar to new highs

    Bloomberg JD Sports Fashion Plc shares soared to new highs after the U.K. sportswear retailer extended its record of confounding analysts’ expectations, helped by flourishing partnerships with suppliers including Nike Inc. and Adidas AG. The stock rose as much as 10 percent in London after the company reported an 81 percent jump in annual pretax profit to 244.8 million ...

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• 11 April

  ‘Sliding into catastrophe’

    AWEIL / AP Two months after the world’s youngest nation declared a famine amid its civil war, hunger has become more widespread than expected, aid workers say. South Sudan’s Northern Bahr el Ghazal region is on the brink of starvation, with 290,000 people at risk of dying without sustained food assistance. Humanitarian workers say conditions will only deteriorate as the ...

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• 11 April

  China opens delayed Myanmar pipeline for faster Mideast oil

  

    Bloomberg A crude pipeline to southwestern China through its neighbour Myanmar began operations after years of delays, allowing the world’s second-biggest oil user to receive supplies faster from the Middle East and Africa. A Suezmax-sized tanker, which can hold 140,000 metric tons (about 1 million barrels) of crude, began offloading oil for the pipeline at Myanmar’s Made Island, according ...

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• 11 April

  Oil holds longest run of gains this year before US supply data

  Bloomberg Oil traded near $53 a barrel, holding its longest winning streak this year before US government data forecast to show record crude stockpiles declined. Futures were little changed in New York after rising 5.7 percent in the previous five sessions. Inventories probably dropped by 1.5 million barrels last week, according to a Bloomberg survey before an Energy Information Administration ...

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• 11 April

  Saudi to seek bids for 700MW wind, solar projects

  

    Bloomberg Saudi Arabia will begin seeking bids next week from renewable-energy companies to build wind and solar plants with a combined capacity of 700 megawatts as part of the kingdom’s $50 billion program to boost power generation and cut its oil consumption. Energy Minister Khalid Al Falih will announce a request for proposals for the projects, the next phase ...

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• 11 April

  Metallurgical coal surges past $300 towards record

    Bloomberg Spot metallurgical coal is heading for a record after surging above $300 a metric ton amid supply curbs from Australia, the world’s biggest exporter of the commodity used to make steel. Morgan Stanley says “panic buying” has helped double the price of premium hard coking coal over the past eight sessions after rain from the remnants of cyclone ...

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• 11 April

  Toshiba warns it may not continue as ‘going concern’

  

    Bloomberg Toshiba Corp., the 142-year-old conglomerate, warned on Tuesday it may not be able to continue as a going concern as it grapples with billions of dollars in losses from its Westinghouse Electric nuclear business. The disclosure came as the Japanese company reported earnings for the third quarter after missing two previous deadlines for financial results. Toshiba posted an ...

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• 11 April

  India mulls private banks for $1.5trn funding gap

  

    Bloomberg India is considering turning to the private sector to help plug a chronic shortage of capital for infrastruc- ture projects. The Reserve Bank of India is proposing Asia’s third-largest economy offer licenses to private companies to set up infrastructure banks. That could help finance $1.5 trillion in roads, ports, power and other projects over the next 10 years ...

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• 11 April

  ‘Apple made threats, lied to regulators’

  

    Bloomberg Qualcomm Inc. accused Apple Inc. of lying to regulators to spur investigations of the chipmaker, and threatening it to cover up the use of inferior parts in some iPhones. The world’s largest maker of phone semiconductors responded to a January lawsuit from Apple with counterclaims for damages late on Monday, alleging the iPhone maker breached contractual pledges, mischaracterized ...

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• 11 April

  Dialog Semiconductor shares tumble after ‘Apple warning’

  

    Bloomberg Dialog Semiconductor Plc’s shares plunged the most in more than 16 years after an analyst warned that Apple Inc. probably will cut back on the use of the company’s power-management chips. “There is strong evidence that Apple is developing its own power-management integrated circuits and intends to replace the chip made by Dialog at least in part,” Karsten ...

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