Bloomberg

Govt Mulls Breaking Up Coal India Units to Boost Output

Jul 17 2019

India may spin off units of Coal India Ltd., the world’s largest coal miner, into separate listed companies to boost competition and raise government funds, according to people with knowledge of the matter.

Tesla Cuts Prices On Vehicles Shipped To China; Stock Drops

Jul 16 2019

Tesla Inc. cut prices for all vehicles shipped to China to help boost sales in its second-largest market.

Amazon Faces EU Probe As Vestager Plans Summer Finale

Jul 16 2019

Amazon.com Inc. is to be investigated by the European Union as the bloc's antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on U.S. technology giants.

IndiGo’s Gangwal Says Won’t Sell Out Amid Fight With Co-Founder

Jul 16 2019

Rakesh Gangwal, the co-founder of IndiGo, said he won’t sell his shareholding in India’s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia.

IMF Lowers Singapore 2019 Economic Growth Outlook By 2%

Jul 16 2019

The International Monetary Fund (IMF) sees Singapore’s economic growth slowing to 2% in 2019 as global trade tensions hurt external demand. If downside risks materialise, fiscal policy should be the first line of defence, IMF says.

Trump Crushes Democratic Contenders on Twitter

Jul 16 2019

Over the weekend and into Monday, President Donald Trump let loose a torrent of posts going after four Democratic lawmakers of color, at one point suggesting that the women, all but one of whom was born in the U.S., should "go back and help fix the totally broken and crime infested places from which they came."

India Said To Plan Spinning Off GAIL’s Gas Pipeline Business

Jul 15 2019

Prime Minister Narendra Modi’s administration is considering a plan to spin off the gas transmission business of GAIL India Ltd, the nation’s largest gas utility, into a separate unit, according to people with knowledge of the matter.

Oil Holds Near $60 on Storm Disruption as Glut Concerns Linger

Jul 15 2019

Oil traded near $60 a barrel after a storm shut almost three-quarters of US Gulf of Mexico crude production, even as lingering supply concerns continue to dent the outlook.

China’s Growth Slides to Weakest Pace in Almost Three Decades

Jul 15 2019

China’s economy slowed to the weakest pace since the early 1990s amid the ongoing trade standoff with the US, while monthly indicators provided signs that a stabilisation is emerging.

North Korea Revises Constitution To Make Kim Jong Un Head of State

Jul 11 2019

North Korea has revised its constitution to make Kim Jong Un head of state, a promotion that could help normalise the isolated country’s diplomatic relations with the rest of the world.