International News

  Bloomberg Property developers have beaten every industry group on India’s benchmark equity index this year, but BNP Paribas Asset Management India Pvt. isn’t impressed. A gauge of realty stocks has soared 62 percent since January 1, almost five times the climb in the S&P BSE Sensex, as the government took steps to bolster the industry that was one of ...

  Bloomberg Australia’s government finally took up the central bank’s call for economic stimulus in its annual budget, with a A$75 billion ($55 billion) infrastructure plan as its centerpiece. Road, rail and runway construction will support growth from Western Sydney to Western Australia, Treasurer Scott Morrison announced in Canberra on Tuesday. His plan promises to create thousands of jobs in ...

  Bloomberg A bond slump in China hasn’t damped top global funds’ interest in the $9 trillion market as the government opens the door to greater access. Neuberger Berman Group LLC, based in New York, is considering launching a private fund with a focus on bonds after Fidelity International became the first global asset management firm to do so in ...

  Bloomberg NetLink Trust, the fiber broadband network provider backed by Singapore’s biggest phone company, started briefing analysts this week ahead of an initial public offering that could raise at least S$2 billion ($1.4 billion), people with knowledge of the matter said. The arm of Singapore Telecommunications Ltd. began meeting research analysts to explain its business model, which will later ...

  Bloomberg UK consumer-spending growth slowed in April and is forecast to remain weak in the coming months, according to a report from Visa. Its index showed spending rose an annual 0.5 percent in April, down from 1 percent in March and marking one of the slowest rates of growth in the past three years. Weaker household demand is also ...

  Bloomberg Pandora Media Inc., struggling with widening losses and a tepid outlook for its online music business, is shaking up its board and stepping up efforts to find a possible buyer. The Oakland, California-based company said in a statement it received a $150 million infusion from KKR & Co., the private-equity firm. Two directors will leave and Pandora will ...

  Bloomberg China is considering plans to create three power giants through mergers of eight coal-fired and nuclear generators with combined assets of almost 5.9 trillion yuan ($855 billion), according to people with knowl-edge of the plan. The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the state-run power sector, ...

  Bloomberg Garena has rebranded as Sea Ltd. after Southeast Asia’s most valuable startup secured $550 million in funds to step up a battle with Chinese e-commerce giant Alibaba and other players in Indonesia. The eight-year-old startup backed by Tencent Holdings Ltd. landed a clutch of new investors in its latest funding round, including some of the region’s wealthiest families. ...

  Bloomberg How much pain can China’s leaders stomach? It’s becoming a key question for investors as the government’s clampdown on financial leverage ripples through markets. The tightening campaign has erased at least $453 billion from the value of Chinese stocks and bonds since mid-April, spurred $21 billion of canceled debt sales and compelled the People’s Bank of China to ...

  Bloomberg KKR & Co. is in talks with Toshiba Corp. about a preemptive bid for the Japanese company’s memory chips business that would accelerate completion of a sale and end negotiations with other potential acquirers, according to people familiar with the matter. Toshiba is in favor of the proposal from KKR and Innovation Network Corp. of Japan because it ...