March, 2017

• 19 March

  Myanmar hard-line Buddhists protest citizenship for Rohingya

    SITTWE / AP Hundreds of hard-line Buddhists in a Myanmar state wracked by religious violence protested against the government’s plan to give citizenship to some members of the persecuted Rohingya Muslim minority community. Rakhine state’s dominant Arakan National Party led the protest in Sittwe, the state capital, where many Rohingya lived before an outbreak of inter-communal violence in 2012 ...

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• 19 March

  Duterte: Philippines can’t stop China moves in disputed sea

  

    MANILA / AP Philippine President Rodrigo Duterte said on Sunday that his militarily inferior country can’t stop China’s actions in contested waters, responding to a reported plan by Beijing to construct an environmental monitoring station in a disputed shoal off the northwestern Philippines. Duterte, however, warned that he would invoke a July 12 arbitration ruling that invalidated China’s territorial ...

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• 19 March

  The dark side of India’s ‘power-to-all’ plan

  

    Bloomberg Like generations before him, the only light Jurdar Thingya has at night in his one-room mud hut in India’s Maharashtra state comes from a small wood fire on the floor. A broken solar panel is all that the 35-year-old farmer has to remind him of the government’s promise to bring electricity to all of India’s villages. Bhamana, population ...

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• 19 March

  Realtors investigated for Hong Kong overseas property sales

  

    Bloomberg Hong Kong’s securities regulator is investigating whether realtors selling overseas properties are illegally marketing investment plans, according to a lawmaker helping investors who lost money on such deals. Buyers argued that developments promoting guaranteed rental income are so-called collective investment schemes, which need approval from the Securities and Futures Commission, said James To Kun-sun, a member of the ...

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• 19 March

  Indian billionaire to buy $2.4bn Anglo American stake

  

    Bloomberg Anil Agarwal, an Indian mining billionaire, plans to buy as much as 2 billion pounds ($2.4 billion) of Anglo American Plc shares in the market after a merger proposal failed last year. The full stake would equate to about 13 percent of Anglo’s stock, making Agarwal the second-largest shareholder after South Africa’s Public Investment Corp. It will give ...

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• 19 March

  Saffron growers look to get a foothold in US

  

    AP As spring crocus blooms approach, some growers have visions of a fall-flowering crocus that produces saffron, the world’s most valuable spice. University of Vermont researchers have been raising the exotic spice now grown primarily in Iran and are encouraging growers to tap into what they hope will be a cash crop. It’s not a hard sell, particularly in ...

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• 19 March

  US urged to spend more on education, employment and infrastructure

  

    Bloomberg Governments need to do more to create growth that benefits everyone, and the US should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said. The body, which includes the world’s better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for ...

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• 19 March

  Ezra files for US bankruptcy over marine debt crunch

  

    Bloomberg Ezra Holdings Ltd., a Singapore-listed oilfield services group, filed for bankruptcy in the US after weeks of facing hostile actions from creditors at home and abroad as it struggles to recover from a slump in oil prices over the past three years. The company filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, according ...

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• 19 March

  ECB finds deficiencies in Deutsche bank risk management

  

    Bloomberg A European Central Bank inspection of Deutsche Bank AG’s risk controls found deficiencies in derivatives and complicated financial bets that raise questions about pricing processes at the German lender, Il Sole 24 Ore reported. The review, which started a few months ago and recently ended, found that the bank’s risk management systems were not sufficiently integrated or strong ...

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• 19 March

  UBS ‘very pessimistic’ about settling tax fraud case in France

  

    Bloomberg UBS Group AG is ‘very pessimistic’ about reaching an agreement with French authorities to settle a case of alleged tax fraud that forced the bank to post a 1.1 billion-euro ($1.2 billion) bond to cover any potential penalties three years ago, Journal du Dimanche reported. France’s financial prosecutor is seeking a 1.1 billion-euro fine from UBS to settle ...

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