Bloomberg President Donald Trump is planning about a dozen one-on-one meetings with foreign leaders next week at the United Nations General Assembly, but none may be more anticipated than his Wednesday session with Ukrainian President Volodymyr Zelensky. Interest in those talks stems from a whistleblower complaint filed by a US intelligence official after Trump and Zelensky spoke by phone earlier ...
Read More »Bolsonaro to defuse Amazon fire dispute with UN speech
Bloomberg Brazil’s President Jair Bolsonaro heads to New York on Monday in an attempt to defuse the international outcry over the fires raging through the Amazon, while simultaneously asserting the country’s right to develop the rainforest as it sees fit. Until recently, few countries enjoyed such widespread affection as Brazil did, with its tradition of multilateral and “soft power†diplomacy, ...
Read More »Indian state polls to test Modi’s popularity
Bloomberg The first assembly polls after Prime Minister Narendra Modi won a landslide victory in national elections in May will take place in the states of Maharashtra, the country’s richest, and Haryana next month. Voting will be held on October 21, while counting will take place on October 24, Sunil Arora, chief election commissioner, said at a press conference on ...
Read More »HK chief’s adviser sees talks key to easing row
Bloomberg The unrest in Hong Kong should start letting up after three months of protests as Chief Executive Carrie Lam makes a concerted effort to address the concerns raised by the demonstrators, her top adviser said. The city’s leader plans to hold a dialogue with Hong Kong citizens and will also address the underlying issues raised by the protesters — ...
Read More »Johnson heads to New York, but he can’t escape Brexit
Bloomberg Boris Johnson heads to New York on Sunday for his first United Nations General Assembly as prime minister. But even on the other side of the Atlantic, he won’t be able to escape Brexit. According to a statement from Johnson, his two-day schedule will see him “raising three crucial issues†— the crisis in the Middle East, climate change, ...
Read More »â€˜I’ve been working’ on the economy: India minister
Bloomberg India’s Finance Minister Nirmala Sitharaman defended her handling of the economy, following criticism on Twitter by a corporate leader on the lack of fiscal measures to support growth. “As Finance Minister — you might’ve observed — I’ve been working on and regularly speaking about measures we’ve been taking on matters of the economy,†Sitharaman said via Twitter, responding to ...
Read More »China phone maker Shenzhen prices IPO in sky-high multiple
Bloomberg Shenzhen Transsion Holdings Co, a Chinese handset maker largely unknown outside of Africa, has priced its initial public offering at double the valuation of Apple Inc. Transsion, whose mobile handsets outsell iPhone and Galaxy smartphones in Africa, is going public on Shanghai’s Nasdaq-style Star Board, setting its IPO at 35.15 yuan a share, implying a trailing earnings multiple of ...
Read More »Blackstone REIT’s success lures global funds to India
Bloomberg Blackstone-backed real estate investment trust’s successful India trading debut has left global funds including Japan’s NikkoAM-StraitsTrading Asia wanting a piece of the action. Eastspring Investments, North Carolina Fund, and Sentry Global are among names looking to invest in the instrument that bets on India’s rent-yielding real estate, said Shobhit Agarwal, managing director of Anarock Property Consultants Ltd. Blackstone Group ...
Read More »Huawei tries to overturn US ban that cites ‘cyber-exploitation’ risk
Bloomberg Huawei Technologies Co is making a Hail Mary bid to undo a US law that prohibits federal agencies and contractors from buying or using the Chinese telecom giant’s equipment because of the alleged risk of “cyber exploitation†by China. Lawyers for Huawei were due in federal court to convince a judge that the law is an unconstitutional attempt by ...
Read More »Alibaba invests in Taiwan’s Perfect
Bloomberg Chinese internet giant Alibaba Group Holding Ltd has agreed to invest in augmented-reality (AR) startup Perfect Corp in its biggest bet so far in Taiwan, people with knowledge of the matter said. Alibaba is leading a new round of funding for Perfect Corp, according to the people, who asked not to be identified because the information is private. Chinese ...
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