Bloomberg Mitsubishi Materials Corp. became the second Japanese firm to be indicted by Tokyo prosecutors for falsifying product data, in a scandal that has rocked the nation’s prized reputation for manufacturing prowess. Three units of the Tokyo-based company — Mitsubishi Aluminum Co., Diamet Corp. and Mitsubishi Cable Industries Ltd. — were indicted on suspicion of breaching Japan’s unfair competition law, ...

Bloomberg Indonesian exporters must keep their earnings in the country to support efforts by the government to rein in the current-account deficit and shield the rupiah, Finance Minister Sri Mulyani Indrawati said. While legislation protects the free movement of capital, authorities want to tighten some rules on exporters amid a rout in the currency, Indrawati said. “In a situation in ...

Bloomberg Developers in Hong Kong are offering perks such as free rail tickets and early move-in dates in a further sign one of the world’s hottest property markets may finally be cooling. In a bid to shift apartments, CK Asset Holdings Ltd. is giving away high-speed rail holiday and travel packages, including accommodation, worth $35,700 for people who agree to ...

Bloomberg Trade associations representing farmers, retailers and manufacturers are joining forces in a new multi-million-dollar campaign to oppose President Donald Trump’s tariffs, in the latest attempt by US business to stop an escalating trade war. Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored, as Trump slapped duties on billions of ...

Bloomberg European Commission President Jean-Claude Juncker rejected a key plank of the UK’s post-Brexit blueprint, saying that Britain can’t stay in “parts” of the bloc’s single market. Still, he said he would work “day and night” for a divorce deal, boosting the pound. The pound erased losses as investors focused on the positive tone of Juncker’s comments. But his message ...

Bloomberg Tech platforms and internet activists protested the outcome of a European Parliament vote on Wednesday to back copyright rules that would help video, music and other rights holders seek compensation for use of their content online. Alphabet Inc.’s Google, Facebook Inc. and other tech firms may now be forced to negotiate licenses for content that appears on their sites ...

Bloomberg North Carolina corn farmer Darren Armstrong is racing to harvest as much as he can before potentially the worst storm in 64 years hits the state. It’s already one of the busiest times of the year for US growers as they reap what they sowed in the spring. Now, Armstrong and scores of other crop, poultry and livestock farmers ...

Slowing global trade is evidence of how emerging-market (EM) stresses are being transmitted to advanced economies. The real concern of contagion remains financial linkages, though. Since 2009, non-resident gross flows into EM financial assets — loans, debt and equity securities — have averaged around $1 trillion annually, although the figure has been volatile. Total outstanding exposure, which remains opaque, may be ...

It’s a forlorn sight when emerging markets stage a creditable performance and investors don’t turn up. It’s miserable when patrons head for the exit after denouncing the play as a flop. While it’s still grappling with the second problem, India also has a third. It has a good show going, for which the likes of ArcelorMittal are reluctantly paying a ...

Amazon.com Inc. is usually cast as a predator that’s going to topple business models. But here’s a role that’s less talked about: valued customer. The e-commerce giant this week announced an order for 20,000 Mercedes-Benz Sprinter vans, making it the world’s largest customer for the vehicle. It’s a key vindication of Daimler AG’s $500 million investment in a new state-of-the-art ...