Germany: The major obstacle to a three-way deal was immigration, according to Merkel, who was forced into negotiations after bleeding support in the September 24 election to the far right in a backlash at her 2015 decision to let in over 1 million migrants.
Kaystone XL: The 3-2 decision by the Nebraska Public Service Commission helps clear the way for the pipeline linking Canada’s Alberta oil sands to refineries in the United States, but is likely to be challenged in court by opponents who say the project is an environmental risk.
Several reports have swirled ahead of the Victoria’s Secrets show about visas being denied over political sensitivities and strict controls around the Shanghai event. Model Gigi Hadid and pop singer Katy Perry are among the prominent names not attending.
ZANU-PF’s central committee had earlier named Emmerson Mnangagwa as its new leader. It was Mugabe’s sacking of Mnangagwa as his vice-president – paving the way for his wife Grace to succeed him – that triggered the army to seize control on Wednesday.
The Australian dollar was huddled at $0.7553 and nursing last week’s losses of 1.3 percent. The New Zealand dollar stood at $0.6815, within spitting distance of Friday’s $0.6781 which was the lowest since June 2016.
The foreign ministers Asia-Europe Meeting, or ASEM, opening in the Myanmar capital Naypyitaw is an important multilateral diplomatic gathering which happens once every two years and is designed to discuss issues between Asia and Europe.
Philippine President Rodrigo Duterte said in September he agreed with the open-pit mining ban given the environmental damage it causes, but would give mining firms time to find other ways to extract minerals.
Shanghai’s benchmark index SSEC tumbled over 1 percent to a two-month low, while China’s blue-chip CSI300 Index was down roughly 1 percent. Barring a rebound, both indexes were on track for their worst day since mid-August.
The Mining Industry Coordinating Council last month recommended the lifting of the ban on open-pit mining and Environment Secretary Roy Cimatu has said he was hopeful that the restriction would be removed before year-end.