Bloomberg NMC Health Plc said claims made by Carson Block’s Muddy Waters Capital LLC “appear principally unfounded,” after a report by the short seller sent shares tumbling the most on record. “NMC will review the assertions, insinuations and accusations made in the report, which appear principally unfounded, baseless and misleading, containing many errors of fact, and will respond in detail ...

Bloomberg Tata Sons Ltd suffered a shock defeat as an Indian court ordered it to reinstate the chairman it fired in 2016, a ruling that may paralyse the $110 billion conglomerate’s plan to revive growth by selling assets, finding new partners, and cutting costs. An appeals court on Wednesday said former chairman Cyrus Mistry was improperly ousted from the Tata ...

Bloomberg The US government is weighing new limits on sales of chips and other vital components to China’s Huawei Technologies Co, sparking another furious round of lobbying by technology firms. Industry associations representing US chipmakers, software companies and manufacturers have written to Secretary of Commerce Wilbur Ross in recent weeks arguing against the changes, according to copies obtained by Bloomberg ...

Bloomberg India’s controversial religion-based citizenship act will have to pass the scrutiny of the nation’s top court, even as Prime Minister Narendra Modi’s government pledged to push ahead and implement the law. A three-judge bench headed by Chief Justice of India S.A. Bobde issued a notice to the government seeking its response. The court agreed to examine the legality of ...

Bloomberg The UK Labour Party’s recriminations over its catastrophic election defeat continued Wednesday as former leader Tony Blair urged it to undertake a wholesale change of approach. At a private meeting of its surviving Members of Parliament, leader Jeremy Corbyn was heavily criticized for leading the party to its worst result since 1935. According to his office, he told them ...

Bloomberg South Sudan’s foes moved closer to implementing a peace deal this week, yet the long-elusive pact may do little to halt rural clashes over grazing land and water that have killed more than 100 people in the past month. Conflict is escalating in the central and northwestern parts of the country. The United Nations mission in the country was ...

Bloomberg French President Emmanuel Macron signaled willingness to “improve” his pension reform plan on Wednesday in an effort to end a standoff with unions that showed no sign of abating. Strikes that have gummed up the public transportation system, leaving millions to work out alternative ways of getting around, enter their third week on Thursday, with a fresh poll showing ...

Bloomberg Donald Trump’s legacy was to be forever marked on Wednesday by his impeachment at the hands of House Democrats, who say it’s a necessary rebuke for the president’s pursuit of a political vendetta. On the eve of the vote, Trump defiantly rejected the move as a predetermined partisan assault. Trump is all but certain to become the third US ...

Bloomberg PG&E Corp won court approval for two multibillion-dollar wildfire settlements that will serve as the centerpiece of the bankrupt utility giant’s restructuring plan. It’s still working on winning over California’s governor. The judge overseeing PG&E’s Chapter 11 case signed off on the company’s $13.5 billion plan to compensate victims of catastrophic fires blamed on its equipment and an $11 ...

Bloomberg PSA Group and Fiat Chrysler Automobiles NV agreed to combine in a deal that will create the world’s fourth biggest auto manufacturer. The French and Italo-American carmakers signed a binding accord for a 50-50 merger of their businesses, they said on Wednesday. The combined company will be led by PSA Chief Executive Officer Carlos Tavares, with Fiat Chairman John ...