Bloomberg Republicans wrapped up three crucial US Senate primaries in West Virginia, Indiana and Ohio by nominating candidates who embraced President Donald Trump, while Democratic voters rejected insurgents from the left to stick with the party’s mainstream. In West Virginia, the GOP establishment dodged a bullet as controversial former coal executive Don Blankenship, who drew Trump’s opposition, placed third in ...
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Trump: Three US detainees freed in N Korea
Bloomberg North Korea released three US citizens who had been detained for as long as two years, a goodwill gesture ahead of a planned summit between President Donald Trump and Kim Jong-un that’s expected in the coming weeks. The Korean-American men, who all have the common surname of Kim but are not related, immediately boarded a plane with Secretary of ...
Read More »Italy president gives populists 24 hours to seek coalition
Bloomberg Italy’s populists made a last-ditch effort to form a government together, asking President Sergio Mattarella to delay by 24 hours his plan to appoint a non-partisan premier. Luigi Di Maio of the anti-establishment Five Star Movement and Matteo Salvini of the euroskeptic League met on Wednesday at the Rome parliament, according to two lawmakers who declined to be named ...
Read More »Aid workers targeted in battle against famine in South Sudan
Bloomberg Lying facedown, a rebel fighter jabbing a rifle barrel into the back of his head, the aid worker was sure his bid to save his fellow South Sudanese from famine was about to end in his own death. The driver’s ordeal in the country’s north cost him his money, watch and mobile phone, but he was left alive, asking ...
Read More »Bharti Airtel plans Africa unit IPO in $4.6 billion debt cut
Bloomberg Bharti Airtel Ltd. is looking to pare $4.6 billion from its net borrowings over the next three years by listing its African unit and potentially selling some stake in its tower business, according to a person with knowledge of the matter, in a bid to safeguard its investment grade ratings. India’s top wireless operator plans to raise as much ...
Read More »India sees greater risk of crude prices staying high for longer
Bloomberg India sees a greater probability of global crude oil prices remaining high for a longer period, a scenario that threatens to dent growth and fan inflation in Asia’s third-largest economy. The government will have to watch crude prices before preparing any policy response, a finance ministry official told reporters in New Delhi, asking not to be identified, citing rules. ...
Read More »Toyota’s upbeat profit forecast, stock buyback lift shares
Bloomberg Toyota Motor Corp. shares jumped the most in more than seven months after the automaker announced a stock buyback and gave a profit guidance that assuaged concerns about a slowing US market and stronger yen weighing on earnings. The world’s most valuable carmaker plans to buy back as much as 300 billion yen ($2.7 billion) of shares. The company’s ...
Read More »Yageo stocks jump 800% since 2017
Bloomberg A Taiwanese manufacturer of components used in everything from smartphones to computers has turned into the world’s hottest stock amid surging demand for its products. Yageo Corp. has jumped more than 800 percent since the start of last year, the most among stocks on MSCI Inc.’s global gauge, to add $8.1 billion of value. The company, which makes capacitors ...
Read More »Japan’s Recruit buys jobs website Glassdoor for $1.2 billion
Bloomberg Jobs and salaries portal Glassdoor Inc.’s Chief Executive Officer Robert Hohman has a new boss. Japanese human-resources and consumer-information provider Recruit Holdings Co. has agreed to buy Glassdoor for $1.2 billion in cash. Through the tie-up, Recruit will gain access to the US website’s extensive cache of content such as employee reviews, while Glassdoor will seek to accelerate its ...
Read More »Vodafone’s $22bn Liberty deal to reshape European telecom
Bloomberg Vodafone Group Plc is shaking up Europe’s fragmented media and telecom market with an 18.4 billion-euro ($22 billion) deal to buy almost a third of Liberty Global Plc, part of a global push for scale as carriers face massive network investments and competition from digital players. With the acquisition of Liberty Global’s German and Eastern European units, Vodafone Chief ...
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