Sunday , October 21 2018

News

China trade pact stalls as Trump tariffs feed backlash from India

Bloomberg A Chinese push to conclude a new Asia-wide trade agreement this year is running into opposition from India fed partly by concerns over the fallout of Beijing’s deepening trade war with the US. The 16-country Regional Comprehensive Economic Agreement (RCEP) is the Beijing-backed rival to the Trans-Pacific Partnership (TPP), ...

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Indonesia corruption crackdown adds to strains on junk bonds

Bloomberg A bribery probe at major Indonesian developer PT Lippo Karawaci has prompted investors to ask if more companies might get caught in the government’s anti-corruption campaign. That’s adding to broader strains on the nation’s junk bonds, which have already been hit harder than Asian peers in the recent emerging-market ...

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Samsung targets 10% revenue growth in Africa

Bloomberg Samsung Electronics Co. is targeting an annual 10 percent increase in revenue from Africa over the next decade, even as competition from cheaper consumer devices intensifies. The South Korean company will concentrate on key markets including South Africa, Kenya, Nigeria, Ghana and Senegal, according to Africa Chief Executive Officer ...

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The $40bn wealth gap that divides India’s richest brothers

Bloomberg Over the past year, the fortunes of the two brothers at the helm of India’s wealthiest dynasty have grown apart — to about $40 billion apart. Elder sibling Mukesh Ambani, 61, toppled China’s Jack Ma as Asia’s richest man, after driving a telecommunications revolution in India that propelled his ...

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US consumer sentiment eased in October: Report

Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on ...

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