Bloomberg A week after the benchmark 10-year note yield hit an all-time low, it bounced back at the most rapid pace in more than a year. Helping to upend the record rally: increasing evidence that the U.S. economy is getting back on track. From a boost in retail sales to higher consumer prices, data this week lifted yields while ...
Read More »Canada to introduce national carbon emissions price in 2016, says minister
Bloomberg Canada will have a national price on carbon emissions by the end of this year, Environment Minister Catherine McKenna says. The federal government will publish an emissions reduction plan this fall that could include expanded, standardized emissions disclosure requirements for companies, McKenna said in an interview with Danielle Bochove on Bloomberg TV Canada. McKenna spoke after appearing with ...
Read More »NextEra’s $2.6 bn Hawaiian Electric deal turned down
Bloomberg Hawaii regulators rejected NextEra Energy Inc.’s $2.63 billion bid to purchase Hawaiian Electric Industries Inc., dealing a possibly fatal blow to the deal that had faced opposition from the governor. The Hawaii Public Utilities Commission voted 2-0 against the proposed transaction, saying it failed to show that it was in the public’s interest, according to a statement late ...
Read More »Brazilian Real gains as confidence in Temer grows
Bloomberg Brazil’s currency gained for the sixth week in seven, in spite of central bank efforts to limit gains, amid investor optimism that the interim government will win lawmakers’ support for measures to cut the budget deficit and stimulategrowth. The real was up 0.6 percent this week to 3.2802 per dollar on Friday on speculation the appointment of Rodrigo ...
Read More »Turkish forces crush remnants of coup after Erdogan returns
ISTANBUL / Reuters Forces loyal to Turkey’s government fought on Saturday to crush the last remnants of a military coup attempt which collapsed after crowds answered President Tayyip Erdogan’s call to take to the streets and dozens of rebels abandoned their tanks. One hundred and sixty-one people were killed, including many civilians, after a faction of the armed forces ...
Read More »Turkey’s army: One of the best-trained in the world
London / AFP A section of the Turkish military, the second-largest army in NATO after the US’, caught the world off guard on Friday by staging an attempted coup. The move stunned Turkey observers, who believed President Recep Tayyip Erdogan of the Islamic-rooted Justice and Development Party had brought the secular-minded army to heel. Acting army chief General Umit ...
Read More »Obama convenes national security team amid Turkey unrest
WASHINGTON / AFP US President Barack Obama was huddling with top national security advisers in the White House Situation Room on Saturday to address the destabilizing coup attempt in Turkey. The government of Recep Tayyip Erdogan appears to have repelled the plot, but the situation remained fraught and tensions between Washington and Ankara appeared to be growing. In a ...
Read More »IS claims Nice massacre as France defends security
Nice, France / AFP The IS group claimed responsibility on Saturday for the truck massacre in Nice which France said was “a new kind of attack,” as it faced hard questions over security failures. In a statement via its Amaq news service, IS said one of its “soldiers” carried out Thursday night’s attack “in response to calls to target ...
Read More »Tokyo pressures Beijing on S China Sea ruling
Ulan Bator, Mongolia / AFP Tokyo raised pressure on Beijing at an Asia-Europe summit Saturday to respect an international tribunal’s ruling that dismissed its claims to much of the South China Sea. At a retreat outside the Mongolian capital Ulan Bator, Prime Minister Shinzo Abe told the assembled leaders that the rule of law was “a universal principle that ...
Read More »US, Russia strike deal to save Syria ceasefire
Moscow / AFP US Secretary of State John Kerry and Russian counterpart Sergei Lavrov said on Friday they had agreed on “concrete steps†to salvage a failing truce and tackle extremist groups in Syria but refrained from laying out their deal. The top diplomats emerged from 12-hour marathon talks saying they agreed on the way forward, but Kerry stressed that ...
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