September, 2016

• 17 September

  UK prepares to ban drivers caught twice on their mobile phones

    Bloomberg Two strikes may soon mean a ban for drivers caught using their mobile phones in Britain. Prime Minister Theresa May’s government is preparing to double the penalties for motorists who break the law, with potential bans for those caught out twice, according to two people familiar with the matter. The use of mobile phones while driving contributed to ...

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• 17 September

  Argentina, IMF to resume financial checkups tomorrow

    Buenos Aires / AFP An International Monetary Fund mission will go to Argentina to assess the state of the country’s economy, the government said. The economists, who will arrive Monday, aim to “gather information and exchange opinions with government officials, members of the private sector, members of Congress and civil organizations,” according to a statement from the Ministry of ...

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• 17 September

  Brazil real rises as wage veto overshadows emerging-market rout

    Bloomberg Brazil’s real rose as positive sentiment generated by President Michel Temer’s veto of a wage increase for some public workers overcame a rout in emerging-market currencies. The real climbed 1.2 percent to 3.2629 per dollar in Sao Paulo, after earlier dropping by as much as 0.5 percent. The currency outperformed its Latin American peers— the Mexican peso was ...

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• 17 September

  Chevron to narrow bids for $3bn Asian geothermal sale

  

    Bloomberg China General Nuclear Power Corp., the country’s biggest nuclear power operator, has been invited to make a second-round bid for Chevron Corp.’s Asian geothermal energy assets, which could fetch $3 billion, according to people with knowledge of the matter. Jakarta-based PT Medco Power Indonesia is considering joining a separate shortlisted consortium that includes Japanese trading house Marubeni Corp. ...

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• 17 September

  Temasek to be among second-round bidders for Learfield

  

    Bloomberg Temasek Holdings Pte, the Singaporean state-owned investment group, is among the bidders for Learfield Communications Inc., people familiar with the matter said. Temasek is in the second round of the Learfield auction, as are entertainment and sports talent group Creative Artists Agency LLC and Thomas H. Lee Partners, said the people, who asked not to be identified because ...

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• 17 September

  Turkmenistan opens $2bn bird-shaped airport

  

    Ashgabat/ AFP Turkmenistan’s President Gurbanguly Berdymukhamedov on Saturday hailed his country’s “solid transit potential” as he unveiled an international airport worth over $2 billion in the capital Ashgabat. Berdymukhamedov said the new airport’s two passenger terminals would have the capacity to serve 17 million passengers a year while the freight terminal could handle 200,000 tons of freight annually. The ...

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• 17 September

  China’s holdings of US Treasuries fall to lowest since ’13

    Bloomberg China’s holdings of U.S. Treasuries fell in July to the lowest level in more than three years, as the world’s second-largest economy pares its foreign-exchange reserves to support the yuan. The biggest foreign holder of U.S. government debt had $1.22 trillion in bonds, notes and bills in July, down $22 billion from the prior month, in the biggest ...

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• 17 September

  Indonesians declare $8.9bn of Singapore assets for tax

  

    Bloomberg Indonesians have declared 117.3 trillion rupiah ($8.9 billion) of assets held in Singapore under the government’s tax amnesty, though only a small proportion of that figure has been brought back home, Indonesia’s Finance Ministry said. Of the total Singapore assets declared to the Indonesian government as of Sept. 15, only 14.1 trillion rupiah, or about 12 percent, has ...

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• 17 September

  Countering Russian cyberattacks

  

    Faced with Russian nuclear threats during the Cold War, the strategist Herman Kahn calibrated a macabre ladder of escalation, with 44 different rungs ranging from “Ostensible Crisis” to “Spasm or Insensate War.” In the era of cyberwarfare that’s now dawning, the rules of the game haven’t yet been established with such coldblooded precision. That’s why this period of Russian-American ...

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• 17 September

  Paycheques haven’t changed much in rural America

    In the mostly very positive report on U.S. income and poverty in 2015 that the Census Bureau released this week, there was one sour note. As the Wall Street Journal reported: Income gains were spread across nearly all age groups, household types, regions and racial or ethnic groups. One exception: Incomes didn’t rise for households living outside metropolitan areas. ...

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