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- Bloomberg
Aramco Faces Serious Risks From Climate Change, Report Says
(Bloomberg) -- Climate change poses a serious risk to Saudi Aramco’s long-term business as rising sea levels and temperatures could damage infrastructure, curb productivity and even halt some of its operations.Sea level rises pose the biggest threat to Aramco’s business and may lead to some of its refining
- Bloomberg
Thyssenkrupp Set to Suspend Dividend
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Thyssenkrupp AG plunged the most in a year after moving to suspend dividend payments as it warned losses would deepen, underscoring the challenges facing executives trying to chart a path out of
- Bloomberg
Who Bought Hitler’s Top Hat?
(Bloomberg Opinion) -- A collapsible top hat that supposedly belonged to Adolf Hitler sold for 50,000 euros ($55,300) at a Munich-based online auction on Wednesday. It, and a number of other Nazi items, was purchased by Swiss-Lebanese investor Abdallah Chatila who donated it to Keren Hayesod, the Israeli
- The Canadian Press
Global shares skid on renewed US-China trade worries
BEIJING — World shares skidded Thursday, tracking moderate declines on Wall Street as anxiety mounted over the possibility the U.S. and China may not reach a trade deal before next year.China’s Commerce Ministry on batted away rumours that the talks were in trouble with a spokesman saying Beijing was
- Bloomberg
Bank Indonesia Cuts Reserve Ratio in Cautious Easing Move
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Indonesia’s central bank left its key interest rate unchanged while pumping more liquidity into the financial system to stimulate Southeast Asia’s
- Bloomberg
Corbyn Unveils Manifesto to Rile U.K.’s Bankers and Billionaires
(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Labour leader Jeremy Corbyn will urge voters in the U.K. election to take down bankers and billionaires who “profit from a rigged system.”Corbyn will declare war on the wealthiest people in Britain on Thursday
- The Canadian Press
Explosion at Italian fireworks factory kills 5
ROME — Italian rescue services say a blast at a fireworks factory in Sicily has killed five people and seriously injured two others.Italian firefighters and Carabinieri police said that the 71-year-old wife of the owner of the family-run factory in the Sicilian town of Barcellona Pozzo di Gotto was among
- Bloomberg
Stocks Decline, Bonds Gain on Hong Kong Bill Risk: Markets Wrap
(Bloomberg) -- Stocks dropped in Europe and Asia alongside S&P 500 futures as support from the U.S. Congress for Hong Kong protesters complicated prospects for a China trade deal. Bonds edged higher.The Stoxx Europe 600 Index slid, with all sectors trading in the red. Thyssenkrupp AG shares fell after
- Bloomberg
GM Sues Fiat Chrysler, Alleging Corruption Undermined Its UAW Deals
(Bloomberg) -- General Motors Co. surprised Fiat Chrysler Automobiles NV with a racketeering lawsuit that for the first time implicates late Chief Executive Officer Sergio Marchionne in a years-long corruption scheme that already has landed car executives and labor leaders in jail.The suit filed in federal
- Bloomberg
Goldman’s CEO Defends Apple Card, Says ‘There’s No Gender Bias’
(Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer David Solomon forcefully denied customer allegations of gender bias in setting credit limits for the Apple Card, pledging to address a social media and political uproar with more transparency when making decisions.“There’s no gender bias
- Bloomberg
Trump Expected to Sign Hong Kong Bill Despite China Threats
(Bloomberg) -- U.S. President Donald Trump is expected to sign legislation passed by Congress supporting Hong Kong protesters, setting up a confrontation with China that could imperil a long-awaited trade deal between the world’s two largest economies.The bill, approved unanimously by the U.S. Senate
- Bloomberg
China’s Top Negotiator ‘Cautiously Optimistic’ About Reaching Trade Deal
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China’s chief trade negotiator said at a dinner Wednesday night that he was “cautiously optimistic” about reaching a phase one deal with the U.S., even as talks continue to stretch out amid
- Bloomberg
After This Eerie Calm in Currencies, What Comes Next?
(Bloomberg Opinion) -- Here is a puzzle that is preoccupying the world’s currency dealing rooms.No market is more liquid and nothing is more heavily traded than foreign exchange. The latest survey by the Bank of International Settlements, carried out in April, showed that total currency volumes traded
- Bloomberg
Kissinger Says U.S. and China in ‘Foothills of a Cold War’
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Former U.S. Secretary of State Henry Kissinger said the U.S. and China were in the “foothills of a Cold War,” and warned that the conflict could be worse than World War I if left to run unconstrained
- Bloomberg
Saudi Arabia Sidelines Wall Street Banks on Aramco Share Sale
(Bloomberg) -- Saudi Arabia sidelined global banks advising on Aramco’s initial public offering after the deal was pared back to a mainly domestic affair.JPMorgan Chase & Co. and Morgan Stanley are among global coordinators that have been marginalized as the oil giant turns to local lenders Samba Financial
- Bloomberg
Boris Johnson Is Getting a Free Pass on Brexit
(Bloomberg Opinion) -- To understand what’s so very odd about this British election campaign, it’s worth recalling where we were a month ago in the Brexit saga. Prime Minister Boris Johnson had returned from Brussels triumphant with a new withdrawal deal. All he needed was Parliament to give its okay
- Bloomberg
Italy’s Playing a Dangerous Game
(Bloomberg Opinion) -- Germany has long stood accused of being the main obstacle on the road to complete Europe’s monetary union. Yet, after a constructive proposal from Finance Minister Olaf Scholz over the creation of some form of joint deposit insurance, it is hard to treat Berlin as the grudger-in-chief
- Bloomberg
Oil Eases as Trade Deal Outlook Offsets Falling U.S. Stockpiles
(Bloomberg) -- Oil eased after the biggest increase in more than two weeks as investors monitor developments in the U.S.-China trade war, while stockpiles shrink at a key American crude storage hub.January futures lost 0.3% in New York after rising 3% on Wednesday, the biggest increase since Nov. 1.
- Bloomberg
Corbyn Manifesto Targets Britain’s Wealthy: U.K. Campaign Trail
(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Labour Party leader Jeremy Corbyn will be seeking to challenge the rich and powerful when he unveils his manifesto in Birmingham. With policies targeting polluters, tax dodgers and bad bosses, Corbyn wants to
- Bloomberg
The Sun Stops Shining for Indian Property Mogul
(Bloomberg Opinion) -- Interest rates could surge, exchange rates may collapse, the sun might stop shining brightly.Every conceivable danger an investor needs to be aware of in an initial public offering is discussed in the August prospectus of Sterling and Wilson Solar Ltd., among the world’s biggest
- Bloomberg
Billionaire Fredriksen Quits as Chairman of Struggling Seadrill
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., the offshore-rig company he founded more than a decade ago and which is struggling with high debt amid a slow market recovery.The
- Bloomberg
Stock’s Mysterious 3,800% Rally Is Wiped Out in Minutes
(Bloomberg) -- MSCI Inc. scrapped plans to add a high-flying Hong Kong stock to its suite of indexes because of concerns about investability, a rare reversal that sent the stock plunging 98%.ArtGo Holdings Ltd., which had soared almost 3,800% this year for the world’s biggest gain among companies with
- Bloomberg
Sony in Talks to Buy Stake in Ambani’s TV Network
(Bloomberg) -- Sony Corp. is in talks to acquire a stake in the Indian television network controlled by billionaire Mukesh Ambani, as the Japanese giant seeks to tap booming demand for content in the South Asian nation, according to people familiar with the matter.The Tokyo-based company is currently
- Bloomberg
A Feel-Good Night for Debating Democrats
(Bloomberg Opinion) -- I’m always reluctant to predict which candidates will benefit from a debate performance. I’ll stick to my guns after the fifth debate of the Democratic presidential primary contest in Georgia Wednesday night. I suspect that all of the seven plausible nominees out of the 10 hopefuls
- Bloomberg
Alibaba Listing a Shot of Confidence for H.K.: BDA China
Nov.21 -- Duncan Clark, chairman at BDA China, discusses Alibaba’s listing in Hong Kong, if the unrest in the city could negatively impact the listing, consumer trends and the outlook for the tech sector. He speaks on “Bloomberg Markets: Asia” from the sidelines of Bloomberg's New Economy Forum in
