2018.08.23

News Headlines - 23 August 2018

U.K. Warns No-Deal Brexit to Raise Prices, Burden Pensioners - Bloomberg

Britons face higher prices when buying from the European Union unless the government can secure a Brexit deal, while retirees in countries like Spain risk losing access to pensions paid into U.K. banks.
That’s according to 25 technical notes released Thursday by Brexit Secretary Dominic Raab setting out how businesses and citizens should prepare for the possibility of talks with the bloc collapsing.

Trump Complains About Powell's Rate Hikes to Hamptons Donors - Bloomberg

President Donald Trump said he expected Jerome Powell to be a cheap-money Fed chairman and lamented to wealthy Republican donors at a Hamptons fundraiser on Friday that his nominee instead had raised interest rates, according to three people present.
The Federal Reserve has raised rates five times since Trump took office, including twice this year under Powell... The private remarks to donors are the most personal criticism of Powell’s performance to emerge so far.

Aramco IPO halted, oil giant disbands advisers - sources | Reuters

Saudi Arabia has called off plans for the domestic and international listing of state oil giant Aramco, billed as the biggest stock flotation in history, four senior industry sources said on Wednesday.
Financial advisers working on the planned listing have been disbanded as Saudi Arabia shifts its attention to a proposed acquisition of a “strategic stake” in local petrochemicals maker Saudi Basic Industries Corp, two of the sources said.

NASA Confirms The Existence Of Water On The Moon

On Tuesday, NASA officials at the Jet Propulsion Laboratory (JPL) confirmed the first definitive evidence of water on the surface of the Moon, settling a decades-long debate about whether the substance was ice or simply hydrogen. This discovery has wide-reaching implications for future lunar settlements and exploratory missions in addition to some unexpected results for lunar astronomers.

Danny Boyle leaves new Bond film due to 'creative differences'

Danny Boyle is stepping down as director of the 25th Bond film, four months before the film was due to go into production.
A shock statement posted to the franchise’s official Twitter account on Tuesday evening declared: “Michael G Wilson, Barbara Broccoli and Daniel Craig today announced that due to creative differences Danny Boyle has decided to no longer direct Bond 25”.


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