Bloomberg The debacle over Canada’s oil pipeline nationalisation and trade tensions with the US won’t affect the final investment decision on Royal Dutch Shell Plc’s C$40 billion ($31 billion) liquefied natural gas project, according to the head of the venture. Shell-led LNG Canada proposes to export as much as 26 million tons per year to Asia, making it potentially the ...
Read More »Neoen plans to raise $525mn in Paris listing
Bloomberg Neoen SA, the renewable energy project developer controlled by French billionaire Jacques Veyrat, plans to raise about $525 million in an initial public offerin. The company will use the proceeds to fund its plans to add capacity at its power plants, Paris-based Neoen said.
Read More »Theresa May’s inner circle begins plotting for snap poll
Bloomberg Aides for UK Prime Minister Theresa May have begun contingency planning for a possible snap election in November, the Sunday Times reported. Two senior members of her political operation began “war gaming†an autumn vote in a bid to win public backing for a new Brexit plan. One person in her inner circle told cabinet members she’ll probably stand ...
Read More »Pompeo says Trump willing to meet with Iran’s Rouhani at UN
Bloomberg President Donald Trump is willing to meet with Iran’s Hassan Rouhani when world leaders gather at the United Nations this week, said the top US diplomat, who also said that Russia hasn’t been helpful to US foreign policy objectives. “He’s happy to talk with folks at any time,†US Secretary of State Michael Pompeo said in a pre-recorded interview ...
Read More »US may restrict green cards to aid recipients in new crackdown
Bloomberg The US may deny green cards to immigrants who’ve legally used or seem likely to use a range of public benefits, including food assistance or housing vouchers, under new rules announced by the Trump administration on Saturday. The proposal, “Inadmissibility on Public Charge Grounds,†will be posted in the Federal Register in the coming weeks and subject to a ...
Read More »Swedish PM may face confidence vote
Bloomberg All signs point to Prime Minister Stefan Lofven losing the first round in his battle to remain in power as Sweden seats its new parliament. The 349-person legislature reconvenes on Monday two weeks after an election that saw the nationalist Sweden Democrats grab 62 seats and Lofven’s coalition hang on to a one-seat lead over the center-right Alliance opposition. ...
Read More »Vietnam gets its first female head of state
Bloomberg Vietnam has its first female president with the appointment of Vice President Nguyen Thi Ngoc Thinh after Tran Dai Quang died on Friday from a serious illness. Thinh will be the acting president until the National Assembly elects a new leader, according to a statement on the government website, which cited parliament chairwoman Nguyen Thi Kim Ngan. Thinh has ...
Read More »Investors stay wary as gold mining stocks get cheap
Bloomberg Investors stung by the sell-off in gold are going to need more than cheap equities and stabilising bullion prices to wade back into mining-company stocks. Bullion has slipped 8.2 percent this year as a stronger dollar and expanding global economy diminished demand for the metal as a haven. Miners have fared even worse, with the Philadelphia Stock Exchange Gold ...
Read More »Rupiah set for central bank relief as RBNZ puts pressure on kiwi
Bloomberg Two of the year’s worst-performing Asia-Pacific currencies are poised to enter the fourth quarter with dramatically different support from their central banks. New Zealand officials are expected to keep the possibility of a rate cut on the table when they meet on Thursday, wary of a slump in business confidence even as growth has shown recent signs of picking ...
Read More »Tata warns UK steel-making needs ‘big profits’ to survive
Bloomberg The smoking towers of the Port Talbot steelworks have dominated the South Wales skyline for more than a century. If they’re to continue to do so for decades to come, they’ll need to make more money. The past decade has seen some of the most traumatic years for the plant. Hurt by the global financial crisis and then by ...
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