Bloomberg China Inc is struggling to offload overseas businesses and the accompanying debt in an increasingly volatile market. In just a few weeks, companies from yacht makers to luxury clothing and pizza outlets — acquired by Chinese firms in recent years — have either scrapped planned initial public offerings or sought alternatives to reduce their debt piles. Ferretti SpA, the ...

Bloomberg India plans to introduce rules to regulate social media because it can cause “unimaginable disruption” to democracy, PM Narendra Modi’s government said in a legal document filed in the nation’s Supreme Court. The government needs three months to formulate the rules to regulate social media platforms offered by companies such as Twitter and Facebook to curb circulation of fake ...

Bloomberg An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice ...

Bloomberg Construction of coal-fired power plants in Southeast Asia has slowed significantly since 2016, with only Indonesia starting any new stations in the first half of this year, according to a report by Global Energy Monitor. The region, which has been targeted as a growth center in coming years for coal-fired power, saw 1,500 megawatts of capacity enter construction in ...

Bloomberg UK Prime Minister Boris Johnson’s Brexit deal could permanently bind Northern Ireland to European Union law, according to an Irish judge at the bloc’s second-highest court, who suggested the accord may eventually bring the people of the island of Ireland together. Johnson’s agreement — still awaiting a sign-off from the UK parliament — would have “very long-term consequences for ...

Bloomberg Harley-Davidson Inc profit beat estimates as the motorcycle maker pared back spending plans to partially offset shrinking sales in the US, its biggest market. Adjusted earnings fell to 70 cents a share in the third quarter, the Milwaukee-based manufacturer said in a statement Tuesday, exceeding analysts’ average estimate for 67 cents. Harley shares climbed as much as 7.3% in ...

Bloomberg Biogen Inc will ask US drug regulators to approve the company’s experimental Alzheimer’s therapy, reviving the nearly abandoned treatment after a new analysis of data from two failed clinical trials showed promising results. The company said it made the decision after talking with the Food and Drug Administration (FDA), and reviewing data from a set of experimental trials showing ...

Bloomberg Stamps.com Inc shares rallied on Tuesday ahead of the opening bell after United Parcel Service Inc announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000. “We long mentioned a new partnership was needed to help lift shares and believe the UPS collaboration is a step in the right direction,” wrote Darren ...

Bloomberg Novartis AG raised its earnings forecast for the third time this year as new drugs including gene therapy Zolgensma got off to a strong start. Sales of the world’s most expensive drug beat analysts’ estimates with more than 100 children treated since Zolgensma’s May approval. Novartis said plans are in place covering about 90% of commercial patients and about ...

At a gathering of military and intelligence veterans, one topic shrouded the room: President Trump’s decision to abandon Kurdish fighters in Syria who had fought and died to help America destroy the IS. “It’s a dagger to the heart to walk away from people who shed blood for us,” one former top CIA official who attended the black-tie dinner told ...