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French minister resigns in luxury dinners scandalEnvironment Minister Francois de Rugy has been under unrelenting pressure for a week after the Mediapart website accused him of hosting friends to opulent meals, complete with lobster and vintage wines, while he was speaker of parliament. "The attacks and media lynching targeting my family force me to take the necessary step back," said de Rugy, who also held the post of minister of state which made him the number two in government after Prime Minister Edouard Philippe. Rugy lashed out at Mediapart, which has repeatedly published stories that have rattled the French elite since it was established in 2008.

7/16/2019 7:36:56 AM

Vedanta to invest $650 million in new oil blocksDiversified mining company Vedanta Ltd said on Tuesday it will invest $650 million in its new oil and gas blocks that it won in the government's last two rounds of auctions, chief executive of its oil and gas division Ajay Kumar Dixit said on Tuesday in New Delhi. It had won a total of 53 oil and gas blocks under the government's open acreage licensing policy (OALP) and Discovered Small Field (DSF) rounds, Dixit said. The company intends to invest 200 billion rupees ($2.9 billion) in exploration and production of oil and gas over the next three years which includes its existing and new fields, Vedanta's chairman Navin Agarwal said on Thursday.

7/16/2019 7:36:47 AM

Treasuries Tumble on Economic Data; Stocks Drop: Markets Wrap(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.Treasuries slumped and the dollar rallied after solid U.S. retail sales and factory output data added to signs the world’s largest economy is holding up. Stocks fell as traders assessed mixed results from banks.Benchmark 10-year yields halted a two-day slide, while the greenback advanced against most major currencies. The S&P 500 Index dropped from a record high as JPMorgan Chase & Co.’s disappointing lending outlook offset better-than-estimated results in Goldman Sachs Group Inc.’s trading unit. Oil traded near $60 a barrel as U.S. crude inventories were forecast to fall.“Retail sales have really been ebbing and flowing but it’s good to see this kind of strength especially in the current trade environment we’re in,” Mike Loewengart, vice president of investment strategy at E*TRADE Financial. “As we kick off earnings season, this is an important indicator of retail health and could give insight into what’s to come.”Here are some key events coming up:Bank of America Corp. and Taiwan Semiconductor are among companies due to report results this week.Monetary policy decisions are due in Indonesia, South Korea and South Africa on Thursday.These are the main moves in markets:StocksThe S&P 500 Index fell 0.1% to 3,011.05 at 9:30 a.m. in New York.The Stoxx Europe 600 Index jumped 0.3%.The MSCI Asia Pacific Index dipped 0.2%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.3%.The euro declined 0.4% to $1.1214.The British pound sank 0.8% to $1.242.The Japanese yen dipped 0.3% to 108.24 per dollar.BondsThe yield on 10-year Treasuries gained four basis points to 2.13%.Germany’s 10-year yield climbed one basis point to -0.24%.Britain’s 10-year yield increased one basis point to 0.812%.CommoditiesThe Bloomberg Commodity Index declined 0.4%.West Texas Intermediate crude climbed 0.1% to $59.65 a barrel.Gold dipped 0.2% to $1,410.70 an ounce.\--With assistance from Adam Haigh, Samuel Potter, Laura Curtis and Yakob Peterseil.To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net;Vildana Hajric in New York at vhajric1@bloomberg.netTo contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Rita NazarethFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

7/16/2019 7:35:55 AM

BitPoint discovers another $2.3 million has been stolenAfter an initial hack costing $32 million, BitPoint has revealed that an additional $2.3 million has been discovered missing.

7/16/2019 7:34:10 AM

Exchanges divided over LEO’s regulatory futureAfter a week of uncertainty and plunging prices, exchanges are unsure what to make of Bitfinex's get-out-of-jail token.

7/16/2019 7:34:10 AM
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