July, 2016

• 11 July

  Crude falls as US drilling rigs increase to most since April

  

    Bloomberg Oil dropped after U.S. producers increased the number of active rigs to the highest in 12 weeks, raising speculation output declines that have trimmed a global glut may slow. Futures fell as much as 1.3 percent in New York after rising 0.6 percent on Friday. Rigs targeting crude in the U.S. rose by 10 to 351 last week, ...

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• 11 July

  Oil trader Trafigura profits from growing USA crude exports

  

    Bloomberg Over nearly 45 years, the oil tanks at Milford Haven on the U.K. west coast have stored dozens of crude varieties: from North Sea Brent to Nigeria’s Bonny Light and almost everything in between. Now, for the first time, they are holding U.S. crude too. Trafigura Group Pte. is using Milford Haven, which can hold about 9 million ...

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• 11 July

  Canada Post, unions try one last time to resolve pay, pension row

  

    Bloomberg Mail service across Canada may stop on Monday if the government-owned postal carrier and unionized workers fail to resolve a dispute over pay and pensions. “Progress is being made” in negotiations between workers and Canada Post, Labor Minister MaryAnn Mihychuk said in a release. Mihychuk said she encouraged the parties to continue discussions beyond tomorrow’s 12:01 a.m. deadline, ...

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• 11 July

  Morgan Stanley bond bulls who called Brexit rally turn neutral

  

    Bloomberg Morgan Stanley, which advised investors to bet on bonds before the U.K.’s vote to leave the European Union sent global debt markets surging, is cooling toward government securities. The bank revised its outlook after yields in the so-called Group of Four — the U.S., Japan, Germany and the U.K. — plunged to records last week. Morgan Stanley, one ...

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• 11 July

  Venezuelans cross into Colombia in search of food, essential goods

  

    Cucuta, Colombia / AFP Thousands of Venezuelans poured across the border into Colombia on Sunday to buy essential goods during a brief opening of the border that’s been closed for nearly a year. After ordering the border closed last August for security reasons, Venezuelan President Nicolas Maduro authorized a maximum 12-hour opening of the pedestrian bridge that connects Tachira, ...

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• 11 July

  Abe set for some tough battles after convincing election win

  

    Bloomberg Japanese Prime Minister Shinzo Abe’s convincing win in Sunday’s election has put him on course to scrape the two-thirds majority needed to press ahead with his long-held ambition of revising the country’s pacifist constitution. He also vowed to take “bold” action on the economy. Here’s a look at what’s on Abe’s plate over the coming months: Constitutional Scrap ...

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• 11 July

  Turkey charges 7 more over Istanbul airport attack

    Istanbul / AP Turkish authorities have placed seven more suspects under arrest over the triple suicide bombings at Istanbul’s main airport last month, bringing to 37 the number charged over the attack. Forty-seven people were killed and 200 wounded in the June 28 bombings and gun attacks on Ataturk International Airport which the Turkish authorities blamed on IS extremists. ...

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• 11 July

  Syria rebels attack regime held Aleppo districts

    Aleppo/ AFP Syrian opposition fighters launched a major assault on government-held districts of Aleppo city on Monday after the regime severed their only remaining supply route into the city. The multi-front assault was also reported by the Syrian Observatory for Human Rights, a Britain-based monitor. The attack was accompanied by a barrage of rocket fire into the regime-held west ...

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• 11 July

  6 killed, 8 missing in China tropical storm

    Beijing / AFP A tropical storm in China left six people dead and at least eight more missing, reports said, after it lashed Taiwan with typhoon-grade winds and rain. Super Typhoon Nepartak brought chaos to Taiwan Friday, forcing more than 15,000 people to flee their homes as part of the island saw its strongest winds in over a century. ...

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• 11 July

  US to send 560 more troops to aid Iraq’s anti-IS fight

  

    BAGHDAD / AFP Pentagon chief Ashton Carter said on Monday that Washington will deploy 560 additional troops to aid Iraq’s fight to retake Mosul from extremists, further deepening US military involvement in the country. The announcement, which will bring the total authorised number of American military personnel in Iraq to more than 4,600, came two days after Baghdad announced ...

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