July, 2016

• 10 July

  China’s factory-gate deflation eases

  

    Bloomberg China’s factory-gate deflation eased for the sixth straight month, adding to evidence that falling prices have turned a corner after more than four years of declines. The producer-price index fell 2.6 percent, compared with a 2.8 percent drop a month earlier, the National Bureau of Statistics said on Sunday. The decline was the smallest since late 2014. The ...

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• 10 July

  Bid for technology dominance is making Israeli company rich

  

    Bloomberg Has China bitten off more than it can chew when it comes to making chips? That’s where Orbotech Ltd comes in: To make sure the billions are well spent. Orbotech makes inspection and repair tools that help factories avoid errors as they pump out increasingly complex chips for smartphones and tablets. Its market capitalization surpassed US$1 billion in ...

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• 10 July

  Oil currency breaks ranks as Azeris can’t quench dollar need

    Bloomberg As higher energy prices buoy currencies of commodity producers, one is swimming against the tide. Even after losing more than half its value against the dollar in two devaluations last year, Azerbaijan’s manat is struggling to find a bottom. In fact, it just had its worst month since the height of the crisis in oil markets in January. ...

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• 10 July

  World’s top iron ore shipper chops its outlook to 20%

  

      Bloomberg The world’s biggest iron ore shipper cut its outlook for prices next year by 20 percent as the global market remains well supplied, loss-making miners are holding out and steel output in China will shrink further. Iron ore is seen at US$44.80 a metric ton next year, Australia’s Department of Industry, Innovation and Science said in a ...

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• 10 July

  Obama says Brexit vote ‘to stick’ in blow to pro-EU holdouts

  

    Bloomberg President Barack Obama said he expects the U.K. will abide by the wishes of British voters and carry out plans to leave the European Union, and urged both sides to conduct the departure with minimal disruption. “We have to assume that a referendum having been passed with a lot of attention” and relatively high participation rate “is going ...

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• 10 July

  WellCare, Centene offer to bid for Aetna Medicare assets

  

    Bloomberg Health insurers including WellCare Health Plans Inc. and Centene Corp. have offered to buy assets that Aetna Inc. may have to sell to gain regulatory approval for its proposed $37 billion takeover of Humana Inc., a person familiar with the matter said. WellCare and Centene have separately bid for Aetna’s Medicare Advantage policies that are up for sale, ...

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• 10 July

  Brazil inflation slows more than forecast

  

    Bloomberg Brazil’s consumer prices rose less than analysts forecast in June as new central bank chief Ilan Goldfajn pledges to bring inflation to the government’s target by the end of next year. The benchmark IPCA consumer price index climbed 0.35 percent after a 0.78 percent rise the previous month. That was lower than the median forecast for a 0.37 ...

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• 10 July

  HPE to consider selling some of its software assets

  

    Bloomberg Hewlett Packard Enterprise Co. is considering a sale of some of its software assets as it continues to slim down its operations, according to people familiar with the matter. The divestitures would come from a portfolio of acquisitions made over roughly the last decade, including Autonomy, Mercury Interactive and Vertica Systems, said the people, who asked not to ...

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• 10 July

  Oi investor seeks to oust board members in bankruptcy twist

  

    Bloomberg Oi SA, the Brazilian phone company struggling under $20 billion in debt, said one of its biggest investors called for a shareholders’ meeting to change the makeup of the board. Magnate Nelson Tanure’s Bridge Administradora de Recursos Ltda., which holds a 6.6 percent stake in Oi, said it would seek to oust directors who represent Pharol SGPS SA, ...

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• 10 July

  Economic sanctions have failed against Pyongyang

  

    Dursun Peksen SPECIAL TO EMIRATES BUSINESS The United States and other major actors have long opted for economic sanctions to destabilize North Korea’s authoritarian regime and end its nuclear program. Over the years sanctions have inflicted major economic damage and isolated North Korea from the global economy, but have failed to change the course of the Kim regime’s stability ...

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