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Singapore has successfully completed the clean-up of an oil spill that occurred in mid-June near Sentosa, its resort island. The clean-up effort involved 800 cleaning personnel and 2,300 volunteers who removed 3,750 tons of debris. Minister for Sustainability and the Environment, Grace Fu, announced that swimming has resumed at some beaches, while daily water quality tests will continue at the remaining affected beaches. The oil spill occurred when a dredger collided with a bunker-fuel vessel at the Pasir Panjang Terminal. [Extracted from the article]

Severn Trent Plc, a British water utility, has received strong demand for its pound bond sale, with bids totaling £1.6 billion ($2.1 billion), more than 4.5 times the size of the £350 million offering. This is seen as a positive development for the UK water sector, which has faced pressure from regulators to improve environmental standards and infrastructure. The bonds of Thames Water, the UK's largest water company, were recently downgraded to junk status, highlighting the contrast between different water utilities. Severn Trent's successful bond sale may indicate that investors are distinguishing between companies in the sector. [Extracted from the article]

Elon Musk, the CEO of Tesla Inc., is asking his followers on social media whether Tesla should invest $5 billion into his own AI startup. Musk mentioned that Tesla has learned a lot from the AI startup, which has been helpful in advancing self-driving technology and building up Tesla's new data center. Musk expressed support for the idea of Tesla investing in the AI startup if there is shareholder approval. The AI startup, called xAI, raised $6 billion in funding this year and is valued at around $18 billion. Musk has faced criticism for potential conflicts of interest due to his involvement in multiple companies. [Extracted from the article]

China's use of water cannons in the South China Sea is testing the defense pact between the Philippines and the US. The Philippines and China have traded diplomatic protests after China's Coast Guard ships fired water cannons at a Philippine supply boat. While the use of water cannons is unlikely to draw the US into direct conflict, it raises questions about what constitutes an "armed attack" and whether the US would come to the Philippines' aid. The escalating tensions have prompted the US to reaffirm its commitment to defend the Philippines. China's use of water cannons is part of its "gray zone" tactics, and both countries are trying to avoid a military conflict. [Extracted from the article]

China has been using water cannons as a means of dealing with the Philippines in the South China Sea. This tactic has been employed at least six times since August of the previous year, with the most recent incident occurring on March 23. The Philippines' supply boat was surrounded by two China Coast Guard ships and two militia vessels, and was relentlessly attacked with water cannons. This strategy tests the limits of the Philippines' defense treaty with the US, and also demonstrates China's reliance on water cannons to counter the Philippines' growing assertiveness in the region. [Extracted from the article]

Japanese plastic recycling company Jeplan Inc. is planning to go public in the US through a SPAC merger with AP Acquisition Corp. The merger, if successful, would value Jeplan at around $300 million and the merged entity at an estimated $429 million. Jeplan believes that listing on the New York Stock Exchange will provide access to capital, enhance its brand, and attract talent for further growth. The company specializes in chemical recycling and has a contract with Asahi Group Holdings Ltd. to recycle PET bottles. However, SPAC mergers have seen high redemption rates, and post-IPO success has been challenging for Japanese companies venturing abroad. [Extracted from the article]

Reddit Inc. is reportedly in talks with potential investors for an initial public offering (IPO) as the market for new listings prepares to reopen. The San Francisco-based social media company, known for its role in the meme-stock frenzy of 2021, is considering an IPO in the first quarter of 2024. Reddit is working with Morgan Stanley and Goldman Sachs Group Inc. on the listing, with a potential valuation of up to $15 billion. Other companies, such as Rubrik Inc. and Kim Kardashian's Skims underwear label, are also considering IPOs in the near future. However, plans may change and there is no guarantee that these companies will move forward with listings. [Extracted from the article]

Reddit Inc. is reportedly in talks with potential investors for an initial public offering (IPO) as the market for new listings prepares to reopen. The San Francisco-based social media company, known for its role in the meme-stock frenzy of 2021, is considering an IPO in the first quarter of 2024. Reddit is working with Morgan Stanley and Goldman Sachs Group Inc. on the listing, with a potential valuation of up to $15 billion. Other companies, such as Rubrik Inc. and Kim Kardashian's Skims underwear label, are also considering IPOs in the near future. However, plans may change and there is no guarantee that these companies will move forward with listings. [Extracted from the article]

Reddit Inc. is reportedly in talks with potential investors for an initial public offering (IPO) as the market for new listings prepares to reopen. The San Francisco-based social media company, known for its role in the meme-stock frenzy of 2021, is considering an IPO in the first quarter of 2024. Reddit is working with Morgan Stanley and Goldman Sachs Group Inc. on the listing, with a potential valuation of up to $15 billion. Other companies, such as Rubrik Inc. and Kim Kardashian's Skims underwear label, are also considering IPOs in the near future. However, plans may change and there is no guarantee that these companies will move forward with listings. [Extracted from the article]

Reddit Inc. is reportedly in talks with potential investors for an initial public offering (IPO) as the market for new listings prepares to reopen. The San Francisco-based social media company, known for its role in the meme-stock frenzy of 2021, is considering an IPO in the first quarter of 2024. Reddit is working with Morgan Stanley and Goldman Sachs Group Inc. on the listing, with a potential valuation of up to $15 billion. Other companies, such as Rubrik Inc. and Kim Kardashian's Skims underwear label, are also considering IPOs in the near future. However, plans may change and there is no guarantee that these companies will move forward with listings. [Extracted from the article]

(Bloomberg) -- SpaceX fired up the engines on its latest Starship booster Sunday afternoon in Texas, while simultaneously testing a new water deluge system on the vehicle's launchpad. Read more: SpaceX Starship Has Much Better Chance After Overhaul, Musk Says The force of igniting so many Raptor engines at once proved to be quite damaging to the launchpad, as SpaceX learned during the first test flight of Starship. [Extracted from the article]

(Bloomberg) -- Senator Tim Scott of South Carolina has a nest egg that would allow him to seek the Republican nomination. Scott currently lags far behind Trump, Florida Governor Ron DeSantis - who's widely expected to run - and other potential Republican contenders in early surveys of voters. [Extracted from the article]

By opting to sell a sustainability-linked bond (SLB) tied to its carbon emissions, Anglian might be able to get better terms from investors. Keywords: 2731821ZLN; 8290311ZJY; SBK@SJ; ALLTOP; BNK; BON; BUSINESS; CLIMATE; CMD; COS; FIN; FRX; GEN; GLOBALMACR; INDUSTRIES; MARKETS; NRG; UTI; WAT; WWTOP; WWTOPEU EN 2731821ZLN 8290311ZJY SBK@SJ ALLTOP BNK BON BUSINESS CLIMATE CMD COS FIN FRX GEN GLOBALMACR INDUSTRIES MARKETS NRG UTI WAT WWTOP WWTOPEU (Bloomberg) -- Anglian Water Group Ltd is set to become the first UK water company to test the public debt markets since a summer in which the sector came under intense public criticism for chronic leaks and sewage discharged into the nation's rivers and seas. Anglian Water's targets include the reduction of the company's operational and capital carbon emissions, according to its bond framework. [Extracted from the article]

Budweiser APAC is among the foreign brands facing pressure to stay relevant in China, where shoppers are constantly bombarded by new brands and products and beer sales growth is stagnant. (Bloomberg) -- Beer giant Budweiser Brewing Co. APAC Ltd. is accelerating testing for new products in China as it works to keep up with rapidly shifting tastes in the world's largest consumer market. [Extracted from the article]

(Bloomberg) -- Beer giant Budweiser Brewing Co. APAC Ltd. is accelerating testing for new products in China as it works to keep up with rapidly shifting tastes in the world's largest consumer market. Budweiser APAC is among the foreign brands facing pressure to stay relevant in China, where shoppers are constantly bombarded by new brands and products and beer sales growth is stagnant. Its premium and super premium brands posted accelerated sales growth compared with the first three months of the year, while overall revenue growth dropped as lower-priced brands saw sales declines. [Extracted from the article]

(Bloomberg) -- A development bank is preparing to test whether the craze for sustainable debt extends to Latin America's oceans. Sacristan said that while previous blue issuance been small -- the Seychelles sale was for just $15 million -- IDB Invest aims to raise $100 million or more. IDB Invest is structuring the sale of what would be the region's first blue bond, with proceeds to be used to finance maritime projects such as sustainable fisheries across the region and tourism developments in the Caribbean. [Extracted from the article]

As the French leader becomes increasingly tainted by the coronavirus epidemic and his government's missteps in handling it, Philippe is appearing as a potential alternative should Macron become too unpopular to run -- a fate that befell his predecessor Francois Hollande four years ago. (Bloomberg) -- Edouard Philippe, a former French prime minister who regularly tops popularity polls, appeared on a local radio program on Wednesday during which he appeared to put out feelers for a potential run against Emmanuel Macron. Philippe was heading France when the Yellow Vests movement, massive protests and transport strikes against Macron's planned pension reform emerged. [Extracted from the article]

Market participants are pressuring authorities to allow larger companies to use this prepackaged system in order to speed up the process in India, where cases often languish for years. (Bloomberg) -- India's move to allow smaller firms to use a more efficient bankruptcy filing system opens the door for the broader adoption of a process that may help the country to tackle one the world's worst bad debt problems. The bad debt problem may grow as India grapples with the world's highest daily Covid-19 caseload, forcing curbs in its richest state, including in its commercial capital Mumbai. [Extracted from the article]

(Bloomberg) -- Europe is moving to a decisive stage in discussions to toughen the bloc's 2030 climate target and put into law the ambition to become the world's first climate neutral continent by the middle of the century. European Union governments will discuss Wednesday a plan for the leaders to endorse at their Dec. 10-11 meeting a goal of reducing greenhouse gases by at least 55% by 2030 from 1990 levels. Nations including Ireland and Belgium have joined the government in Warsaw in a call for more detailed analysis on how much individual member states would need to spend to meet tougher climate goals. [Extracted from the article]

(Bloomberg) -- Europe is moving to a decisive stage in discussions to toughen the bloc's 2030 climate target and put into law the ambition to become the world's first climate neutral continent by the middle of the century. At stake is the EU's global leadership on climate change and investor certainty at a time when the 27-nation bloc is gearing up for a green economic overhaul that will impact every area of life from transport to agriculture. Nations including Ireland and Belgium have joined the government in Warsaw in a call for more detailed analysis on how much individual member states would need to spend to meet tougher climate goals. [Extracted from the article]

(Bloomberg) -- Indian companies that have struggled to borrow money from international banks in recent months amid the pandemic are closely watching how a data firm seeking a dollar loan fares. Mu Sigma Inc., a data analytics company founded by Indian entrepreneur Dhiraj Rajaram, is marketing an up to $100 million refinancing loan to so-called general syndication. [Extracted from the article]

(Bloomberg) -- Indian companies that have struggled to borrow money from international banks in recent months amid the pandemic are closely watching how a data firm seeking a dollar loan fares. Mu Sigma Inc., a data analytics company founded by Indian entrepreneur Dhiraj Rajaram, is marketing an up to $100 million refinancing loan to so-called general syndication. [Extracted from the article]

(Bloomberg) -- Golf icons Tiger Woods and Phil Mickelson are reuniting for a follow-up to their head-to-head showdown, this time alongside quarterbacks Peyton Manning and Tom Brady, an event that could serve as a key test for how the sports world adapts to the pandemic. Mickelson and Woods went head-to-head for $9 million in a pay-per-view match in November 2018. [Extracted from the article]

(Bloomberg) -- These are anxious times for the world's wealthy, with populist politicians on the rise, trade tensions growing and fears the bull market in stocks may be ending. Born in 1960, Perotti rose through the ranks of Azimut Benetti before moving to Sanlorenzo, where he lived on one of the firm's vessels for about a decade. [Extracted from the article]

(Bloomberg) -- These are anxious times for the world's wealthy, what with populist politicians ascendant, trade tensions growing and fears the bull market in stocks may be ending. Born in 1960, Perotti rose through the ranks of Azimut Benetti before moving to Sanlorenzo, where he lived on one of the firm's vessels for about a decade. [Extracted from the article]

The article reports on the findings that water filters supplied by the city of Newark, New Jersey, may be ineffective. The city conducted tests of tap water in 1,400 homes. The filters were provided as part of the city's effort to limit lead exposure. According to the U.S. Environmental Protection Agency (EPA), water from two homes had exceeded federal and state lead standards.

Asking prices in U.K. capital rise 3.4% in seasonal boost AttributionAndrew Atkinson: editor primaryDavid Goodman: editor secondaryBrian Swint: by reporterFergal O'Brien: editor responsible. [Extracted from the article]

Netflix is one of the first major U.S. companies to report third-quarter results -- and 2018's best-performing FAANG stock -- making it especially influential in the wake of a drubbing that hit the tech giants hard. Wall Street expects Netflix to have added about 5.1 million subscribers in the third quarter, based on the average of seven estimates compiled by Bloomberg News. [Extracted from the article]

Brazil's Finance Minister Henrique Meirelles said he's still evaluating whether to run for the country's top job, according to his press office, after a cabinet colleague said that he would leave government to take part in October's elections. Government Affairs Minister Carlos Marun said on Thursday that Meirelles is "willing to participate in the next elections and so will have to leave the government." AttributionBruce Douglas: editor primaryRaymond Colitt: editor secondaryGabriel Shinohara: by reporterVivianne Rodrigues: editor responsible. [Extracted from the article]

Regulator's letter seeks well tests near West Virginia plant Chemours Co. has been asked by federal regulators to test public and private drinking water supplies in West Virginia and Ohio for a chemical it uses to make products including Teflon. [Extracted from the article]

Investors' thirst for yield has lured many a dollar-bond virgin to market this year, with Tajikistan the latest to be testing the waters. The Central Asian nation starts investor meetings on Thursday, and may sell dollar notes thereafter, a first for Tajik President Emomali Rahmon, who last year won a referendum to rule the remittances-dependent country for life. Tajikistan wouldn't be the first sovereign issuer currently rated B- by Standard & Poor's to sell dollar-denominated bonds in 2017, with at least five others issuing. [Extracted from the article]

Russia's biggest gold miner to sell shares in Moscow, London Polyus's parent, Polyus Gold International Ltd., delisted from London in late 2015 after the Kerimov family bought up stock in a plan to domicile in Russia. [Extracted from the article]

Seventy-one years after a U.S. atomic bomb devastated the city of Hiroshima, John Kerry become the first incumbent Secretary of State to pay tribute to the tens of thousands of victims in the western Japanese city. "Maybe Obama and the U.S. would understand the devastation that nuclear weapons cause if he came here", said Seiji Tsuji, 74, a representative of the atomic bomb survivors who volunteers at Hiroshima's peace museum. [Extracted from the article]

"Maybe Obama and the U.S. would understand the devastation that nuclear weapons cause if he came here", said Seiji Tsuji, 74, a representative of the atomic bomb survivors who volunteers at Hiroshima's peace museum. In a written interview with the Hiroshima-based Chugoku Shimbun newspaper, Kerry stressed that the U.S. has adopted a "realistic, pragmatic approach" to nuclear non-proliferation. [Extracted from the article]

(Bloomberg Politics) -- Scott Walker Forms "Testing the Waters" Committee as He Nears Run In his firmest step yet toward a White House bid, Wisconsin Governor Scott Walker has created a "testing the waters" committee that will allow him to raise money for an eventual campaign. [Extracted from the article]