July, 2016

• 9 July

  France’s EDF opens LNG terminal with mkt plagued by glut

  

    Bloomberg The Dunkirk liquefied natural gas terminal in France received its first cargo on Friday, boosting the nation’s import installations for the fuel to four, just as a wave of new supply hits the market. Madrid Spirit, a 285-meter-long tanker, delivered a commissioning cargo from Nigeria, Electricite de France SA, which owns 65 percent of the project known as ...

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• 9 July

  Women rise to the top in Brexit Britain

  

    London / AFP A wave of women are taking power in Britain: the country will soon have a female prime minister following the Brexit vote while Scotland and Northern Ireland already have women leaders. “Is this all a happy coincidence? Has the glass ceiling finally been smashed?” the Guardian newspaper asked this week. In the race to succeed David ...

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• 9 July

  US economy looks strong with 287,000 jobs added in June

  

    Washington / AFP US employers added new workers at a surprisingly strong rate in June after an unnerving stall in May, in a clear demonstration of economic resilience, the Labor Department reported. The much better-than-expected numbers gave a boost to markets in the US and Europe, which have been battered down by worries that Britain’s vote to withdraw from ...

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• 9 July

  CBS Radio files for IPO as parent plans to jettison business

  

    Bloomberg CBS Radio Inc., a division of CBS Corp., filed for an initial public offering as one of the nation’s oldest broadcasters prepares to leave the shrinking AM/FM radio business. The company filed for an initial offering of $100 million, a placeholder amount that’s used to calculate fees and will probably change. CBS Radio plans to take on debt ...

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• 9 July

  Juno Therapeutics shares dive as clinical test halted after 2 deaths

  

    New York / BLOOMBERG Shares of Juno Therapeutics plunged after regulators suspended a clinical trial of a leukemia treatment following two patient deaths last week. The two patient deaths occurred after Juno recently added fludarabine to its chemotherapy regime that accompanies its cell treatment for acute lympoblastic leukemia. Juno, in a statement released after markets closed on Thursday, said ...

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• 9 July

  US probes brake failures on Harley-Davidson motorcycles

    Washington / AFP The US automotive safety regulator said it was investigating complaints of brake failures on Harley-Davidson motorcycles that have resulted in reports of three crashes and two injuries. “Riders report sudden brake system failure occurring without warning,” said the National Highway Traffic Safety Administration, which has received 43 complaints. About 430,000 motorcycles are involved in the probe, ...

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• 9 July

  Quake-hit Ecuador gets $364 mn in emergency support from IMF

  

    Quito / AFP The International Monetary Fund said it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April. The money will help the country steady its finances while it addresses the huge losses from the quake, which killed some 700 people. “The April 16 earthquake that hit Ecuador caused significant ...

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• 9 July

  Dollar traders go back to data watching

    Bloomberg Currency traders are going back to basics, set to watch the performance of the U.S. economy more closely than political events to discern the dollar’s direction. A gauge of the greenback posted a weekly gain as a report showed the U.S. June jobs growth exceeded forecasts by more than 100,000, raising the likelihood of a Federal Reserve interest-rate ...

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• 9 July

  Putin seen as friend & foe as NATO boosts East

  

    Bloomberg Russia shouldn’t be considered an adversary, but rather a “partner that can, at times, use force,” Francois Hollande said as he arrived at a summit of NATO leaders. The French president’s remark not only summed up NATO’s complex relationship with its largest and most aggressive neighbour; it also revealed how its 28 leaders are struggling to come up ...

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• 9 July

  Turnbull will ‘definitely’ remain Aussie premier: ABC

    BLOOMBERG Australian Prime Minister Malcolm Turnbull’s coalition will “definitely” be returned to power and there’s “no doubt” he will continue as premier following the July 2 election, according to Australian Broadcasting Corp. The broadcaster projects the coalition will win Forde, near Brisbane, Queensland. That means 74 seats have now been called by ABC for the Liberal-Nationals with 79.5 percent ...

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