International News

Bloomberg The Samsung brand is best known for its smartphones and wide-screen TVs. Yet behind the scenes, the conglomerate is also making a name as a contract manufacturer of complex medicines to treat diseases like cancer. On a piece of reclaimed land along the western coast of South Korea, Samsung BioLogics Co. is building a $740 million factory that will ...

Bloomberg After a savage three-day sell-off, Noble Group Ltd. shares climbed on Tuesday even as Moody’s Investors Service joined S&P Global Ratings in highlighting the embattled commodity trader’s finances, saying that estimated liquidity isn’t sufficient to cover debt due by mid-2018. Moody’s said that while the liquidity headroom, including cash and unused committed facilities, was $2.4 billion at end of ...

Bloomberg The Great Asian Export Spurt may be about to end, replaced by a stretch of merely good exports. Demand from both Chinese consumers and manufacturers, a key driver for an unexpected jump in Asian exports so far this year, is likely to moderate as Beijing shifts focus toward economic re-balancing, and corporate China slows a massive inventory buildup, Credit ...

Bloomberg The economies of the European Union’s eastern members probably got off to a quick start in 2017 as resumed flows of the bloc’s aid and reviving demand from the euro area, combined with household spending, gave them the edge over the rest of the EU. Preliminary gross domestic product data will show first-quarter expansion accelerated from the previous three ...

Bloomberg Waymo won a ruling that may strengthen its trade-secrets suit against Uber Technologies Inc. even as the Alphabet Inc. unit fell short of its goal to bring its rival’s driverless-car program to a standstill. US District Judge William Alsup approved of Uber’s move last month to demote the engineer leading its self-driving unit to keep him away from related ...

Bloomberg European car sales fell the most in four years in April as the shift of Easter from March reduced buyers’ time for shopping, while registrations in the UK were further sapped by tax changes. With at least two fewer selling days compared with a year ago, industrywide registrations dropped 6.8 percent to 1.23 million vehicles last month, according to ...

Bloomberg Just six months ago, Indian companies and policy makers were grappling with a record-low exchange rate. Now, the rupee’s unexpected rebound is causing fresh problems. While the currency’s 5.9 percent jump against the dollar so far this year will help tamp down inflation, it’s posing a challenge for the earnings of India’s exporters. For information technology and drug companies ...

Bloomberg The world’s second-largest economy dialed back a gear as authorities crack down on the nation’s swelling financial leverage. Industrial output rose 6.5% last month from a year earlier, compared to 7% seen by economists and 7.6% in March. Retail sales rose 10.7% versus 10.8% seen by analysts. Fixed-asset investment excluding rural areas expanded 8.9% for first 4 months, compared ...

Bloomberg Singapore home sales more than doubled in April from a year earlier as homebuyer sentiment rallied after the government rolled back some property curbs following a three-year slide in prices. Developers sold 1,555 units in April, compared with 750 units in the same period last year, according to data released on Monday by the Urban Redevelopment Authority. A total ...

Bloomberg UK Prime Minister Theresa May could get a taste of what’s in store for Britain when the European Union’s top court spells out how the EU should ratify a free trade pact with Singapore, the tiger economy some want post-Brexit Britain to emulate. Judges at the EU Court of Justice will say on May 16 whether the Singapore deal ...