‘May could further delay Brexit vote’

Bloomberg Theresa May’s aides are believed to be planning to make parliament’s approval of her Brexit deal conditional on Brussels providing further concessions, specifically on the thorny issue of the Irish backstop, the Telegraph reported. The move is intended to limit opposition and gain more time for negotiations to continue with the EU, the newspaper said. The vote, penciled in ...

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South Africa’s ANC to dominate May vote

Bloomberg South Africa’s ruling African National Congress (ANC) appears on track to dominate its sixth straight national election in May as it increasingly wins back supporters alienated by former President Jacob Zuma’s scandal-marred rule, an opinion poll shows. Sixty-one percent of 3,571 adults interviewed face-to-face by research company Ipsos between October 23 and December 4 last year said they’d vote ...

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US to protect Kurds in Syria pullout

Bloomberg US forces will remain in northeastern Syria until Turkey agrees not to go after the Kurds, National Security Adviser John Bolton said on Sunday, clarifying that President Donald Trump is committed to protecting opposition allies. “That’s what the president said, the ones that fought with us,” Bolton said, ahead of a meeting this week in Turkey with President Recep ...

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Yellow Vests’ protesters storm ministry

Bloomberg France’s Yellow Vest movement staged mostly peaceful anti-government rallies on January 5 for the eighth weekend in a row but the protests ended with a small group smashing down the entrance to the ministry of the government spokesman. French television showed thousands marching along the Seine in Paris to gather in front of the National Assembly as well as ...

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Anti-Orban protests surge in Hungary

Bloomberg Hungarian anti-government demonstrations showed no sign of abating after almost a month of rallies that have snowballed from workers’ demands to scrap a law on more overtime hours to a call for the end of Prime Minister Viktor Orban’s illiberal rule. After a holiday lull, thousands of people gathered in Budapest to resume the most sustained protest wave against ...

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US bond yields pull off lows as Fed embarks on listening tour

Bloomberg Strong data and soothing words pulled markets out of a tailspin last week, and Federal Reserve Chairman Jerome Powell and his colleagues have plenty of chances next week to bring traders closer to policy makers’ viewpoint on interest rates. Surprisingly robust US labour figures helped close some of the gap between investors and the Fed’s projections, which imply two ...

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Brexit talks to set pound fortunes

Bloomberg Brexit will return as the dominant driver for the pound next week as Parliament debates UK Prime Minister Theresa May’s divorce deal. Sterling lost over 5 percent in 2018 as fears of a hard exit from the European Union grew, and the currency’s direction this year will depend on whether lawmakers will be able to avoid the UK crashing ...

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Venezuela taps obscure driller to replace big-name oil firms

Bloomberg With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed US company for help in shoring up production from its crude reserves, the largest in the world. Schlumberger Ltd and Halliburton Co, the world’s biggest oil-service providers, have announced over $2 billion in combined write-offs for unpaid bills in Venezuela since the second quarter of ...

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Texas snaps 2 years of oilfield job growth

Bloomberg Jobs in the Texas oil patch dropped for the first time in almost two years, according to the state’s workforce commission. The number of workers handling exploration and drilling duties fell by 500 to 247,700 in November 2018 compared with the previous month, according to the latest data from the Texas Workforce Commission. Snapping a streak of 23 months ...

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Brent crude surges in best week since 2016

Bloomberg Brent crude surged to its best weekly gain in more than two years, as encouraging economic news out of the US helped oil markets turn the page on 2018’s price collapse. The global benchmark closed higher, ending the week up 9.3 percent for its best showing since December 2016. Oil rallied alongside the US stock market following a strong ...

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