Global Economy

AMLO's First Week Widens Divide Between Markets and Fans at Home

Dec.10 (Bloomberg) -- Andres Manuel Lopez Obrador sailed into power with overwhelming support from Mexicans embracing his vows to fight crime and corruption. But the headlines in his first week as president were dominated by, of all things, airport bonds.

U.K.’s May Delays Brexit Vote in Face of Broad Opposition

Dec.10 (Dow Jones) -- British Prime Minister Theresa May delayed a critical parliamentary vote on her government’s Brexit bill, throwing both her government and her plans for the U.K.’s exit from the European Union into disarray.

Climate Change Emerging From the Political Shadows

Dec.10 (Dow Jones) -- What’s the sleeper issue of the new political cycle? Here’s a good bet: It will be climate change.

Lopez Obrador Says Mexico to Build an $8 Billion Refinery

Dec.10 (Bloomberg) -- Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019, President Andres Manuel Lopez Obrador said Sunday at an event at the Dos Bocas port in Tabasco, even as the nation´s refining system is operating at its lowest levels in three decades.

Global Finance Needs to Make Brexit Decisions Now

Dec.10 (Dow Jones) -- The British government may think it has time to renegotiate its exit from the European Union, but for the financial sector, time has pretty much run out.

Corporations

Arrest of Huawei CFO Hinges on an Offshore Puzzle

Dec.10 (Dow Jones) -- In a presentation to bankers in 2013, Meng Wanzhou, the chief financial officer of Huawei Technologies Co., explained that her company no longer had a stake in Skycom Tech Co., a Hong Kong company that did business with Iran, and that she had quit its board, according to the executive’s defense.

Amazon, Amid Crackdown on Seller Scams, Fires Employees Over Data Leak

Dec.10 (Dow Jones) -- Amazon.com Inc. is fighting a barrage of seller scams on its website, including firing several employees suspected of having helped supply independent merchants with inside information, according to people familiar with the company’s effort.

Siemens Gamesa Gets Order for 60 Wind Turbines From Enel

Dec.10 (Dow Jones) -- Siemens Gamesa Renewable Energy SA (SGRE.MC) said Monday that it has received an order for 60 of its new-generation onshore wind turbines from Enel SpA (ENEL.MI).

Uber-Lyft Showdown Shifts to Public Markets

Dec.10 (Dow Jones) -- Lyft has raised $5.1 billion to date, compared with about $20 billion for Uber. Both figures include debt financing.

Apple Hit With Sales Ban on Older iPhones in China

Dec.10 (Dow Jones) -- Apple Inc. was ordered by a Chinese court to stop selling older iPhone models after finding the company infringed on two patents held by Qualcomm Inc., casting uncertainty over Apple’s business in a critical market at a time of thorny trade relations between the U.S. and China.

Markets

Layoffs Become the Latest Thing in Cryptocurrency

Dec.10 (Dow Jones) -- Cryptocurrency companies are laying off employees in an effort to survive the nascent market’s biggest selloff to date.

From Trade War to Sanctions; Emerging Markets Look Back at 2018

Dec.10 (Bloomberg) -- Emerging markets are rounding off the year with few excuses to keep floundering into 2019.

Cheaper Oil Ripples Through the Global Economy

Dec.10 (Dow Jones) -- Oil prices posted their worst month in a decade in November and have fallen more than 30% from multiyear highs. The dramatic move has prompted investors to try to assess the impact on global growth heading into next year.