Sunday , October 21 2018

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 charges Russian with midterm vote meddling

Bloomberg The US charged a Russian woman with conspiring to interfere in both the 2016 and 2018 elections, marking the first criminal charges related to next month’s congressional midterm vote. Elena Alekseevna Khusy-aynova of St. Petersburg, allegedly served as the chief accountant for an operation known as “Project Lakhta,” the ...

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US, China agree to Asia defense rules to avoid air crashes

Bloomberg Defense chiefs from the US and China agreed in principle to guidelines on encounters between warplanes, in the latest bid by Pacific nations to keep increased military activity from escalating into conflict. US Secretary of Defense James Mattis and seven other regional military chiefs, including China’s General Wei Fenghe, ...

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