March, 2017

• 7 March

  BOE’s Hogg failed to disclose Barclays family links in 2013

    Bloomberg Bank of England (BOE) Deputy Governor Charlotte Hogg failed to tell the central bank that her brother worked at Barclays when she joined as chief operating officer in 2013. The declaration was only made in a questionnaire Hogg completed as part of her appointment this year as deputy governor for markets and banking. Hogg said she takes ‘full ...

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• 7 March

  UBS seeks to pay below US$317 million in French tax case

  

    Bloomberg UBS Group AG is pushing to settle a French tax fraud investigation for less than the 300 million euros ($317 million) it paid to resolve a similar issue in Germany, people familiar with the matter said. That’s significantly below the 1.1 billion-euro bond the bank posted to cover potential penalties. UBS has been in talks since late 2016 ...

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• 7 March

  Nailing down success!

  

    OAKLAND, Calif / AP It was the swag-bags that convinced community health organizer Julia Liou to redraw the battle plan in a fight to reduce the hazardous chemical exposures of nail-salon workers, most of them low-paid Asian immigrant women. In 2005, Liou watched at California’s state Capitol as dozens of lobbyists gave away bags of lipsticks and other beauty ...

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• 7 March

  For them, trip to China can be deadly

  

    BOGOTA / AP In a tiny brick apartment above a lottery shop, Martha Antivar waits for a sign of life from her husband, who is languishing in a Chinese prison an ocean away. Five years ago, Oscar Hilarion, a 45-year-old taxi driver, told his wife and family in Colombia that he was going to China on a business venture ...

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• 7 March

  Aramco IPO tops Saudi agenda

  

    Bloomberg Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has a daunting to-do list as the real work begins on his plan to transform the world’s biggest oil exporter into an economy no longer reliant on crude. “2017 is a reality check,” said John Sfakianakis, director of economic research at the Gulf Research Center. “We’re done with the announcements. ...

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• 7 March

  UK oil, gas output set for continued expansion

  

    Bloomberg UK oil and gas production will continue to grow through 2018, putting it on course for the longest expansion in almost two decades, amid project startups and productivity gains, an industry lobby said. “Production has now been rising since 2015, bucking a 15-year trend of decline, and should continue to rise over the next two years,” Oil & ...

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• 7 March

  Israel’s Shapir weighing bid for natural gas license tender

  

    Bloomberg Shapir Engineering and Industry Ltd., which develops residential, commercial and industrial construction projects in Israel, is considering expanding its operations into offshore energy exploration. The Petach Tikvah, Israel-based company is mulling a bid to drill for oil and gas in the 24 new blocks opened for exploration in the country’s economic waters, a company spokeswoman told Bloomberg. Israeli ...

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• 7 March

  Investors start doubting oil rally after failure to top $55

  

    Bloomberg The oil market’s failure to break out of the tightest range in more than a decade is sapping investor interest. After hitting a record high last week, hedge funds reduced wagers that US oil prices would rise as concern grows that the market is again becoming vulnerable to a drop. Earlier bullish sentiment was based on optimism that ...

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• 7 March

  Asia urged to ditch US and go ahead with regional trade deal

  

    Bloomberg Asian countries should pursue a Pacific trade pact even after the US walked away, and its standards should be incorporated into other regional deals, according to a report authored by half a dozen former trade envoys. Donald Trump withdrew from the 12-nation Trans-Pacific Partnership in one of his first acts as US president, throwing an agreement that covered ...

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• 7 March

  India sugar outlook cut by mills as drought hurts cane supply

  

    Bloomberg India’s sugar production may be lower than previously forecast as mills in the main growing areas of Maharashtra and Karnataka closed earlier than usual after dry weather cut cane output. Production may total 20.3 million metric tons in year that began Oct. 1, compared with 21.3 million tons estimated in January and 23.4 million tons predicted in September, ...

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