Saturday, 14 Dec 2019

Asia

Divers search for two bodies near NZ volcano

New Zealand police say divers have resumed searching the waters near White Island volcano in efforts to retrieve two remaining bodies. At least one body was spotted in the water and rescuers would not return to the island on Saturday. A day earlier, the remains of six bodies were recovered in a high-risk operation and […]

Pulled IPOs cap subdued year for Canadian deals, signal challenges ahead

TORONTO (Reuters) – The scrapping of a second Canadian IPO in as many months this week caps a year of declining activity, highlighting the challenges facing issuers as trade uncertainty and the growth of passive investing weigh on new offerings. The lucrative initial public offerings (IPO) business is unlikely to see a significant pick-up in […]

Trade deal removes major hurdle for rally in Apple and tech

SAN FRANCISCO (Reuters) – U.S. President Donald Trump’s limited trade deal with China removes a major hurdle for Apple (AAPL.O) and other technology stocks that have already surged this year to record highs. The so-called Phase One deal announced, but still not signed, on Friday suspends the planned imposition of new 15% tariffs on Sunday […]

Decisive UK election, trade deal lift European shares close to record high

(Reuters) – A breakthrough in U.S.-China trade talks and hopes of an orderly Brexit after a landslide election victory for UK Prime Minister Boris Johnson lifted Europe’s benchmark share index to within striking distance of an all-time high on Friday. China and the United States have agreed on the text of a “phase one” trade […]

Passenger bus collision leaves 13 dead in southwest Pakistan

The accident on Friday took place after the pick-up vehicle sped away from a security checkpoint to evade capture. Islamabad, Pakistan – At least 13 people have been killed in the southwestern Pakistani district of Qila Saifullah after a collision between a passenger bus and a pick-up truck suspected to be carrying smuggled fuel, officials […]

European shares near record high after Johnson's UK landslide

(Reuters) – A surge for London-listed companies brought European stock markets within striking distance of an all-time high on Friday, as investors cheered the likelihood of an orderly Brexit after a landslide election victory for Prime Minister Boris Johnson. The UK-focused FTSE mid-cap index .FTMC jumped 5% to a record high, pushing the broader pan-European […]

Private equity bidders line up for Thomas Cook airline Condor: Wirtschaftswoche

FRANKFURT (Reuters) – At least three bidding groups including private equity firm Apollo have emerged as buyers of Thomas Cook’s German airline Condor, Germany’s Wirtschaftswoche said on Friday. Condor, which has remained profitable, has drawn interest from suitors after Germany granted a 380 million euro ($419 million) bridging loan to avoid insolvency following the collapse […]

Rachel Noble to be Australia's first female intelligence chief

Noble begins her new role in February 2020 and leads the agency in a time of increasing cyber-attacks. Prime Minister Scott Morrison on Friday appointed Rachel Noble as the first woman to head a major Australian spy agency. Noble will become next director-general of the Australian Signals Directorate (ASD), which intercepts electronic communications from foreign […]

Senior U.S. lawmaker sees spending deal by the end of Thursday

WASHINGTON (Reuters) – Nita Lowey, the Democratic head of the U.S. House Appropriations Committee, said on Thursday she expects a deal by the end of Thursday to avert a government shutdown amid Congress’s impeachment inquiry into President Donald Trump. Lowey told reporters the legislation would be for the 2020 fiscal year. She provided no further […]