International News

  Bloomberg France pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia’s biggest economy during a visit on Wednesday by President Francois Hollande. Indonesian President Joko “Jokowi” Widodo welcomed the new commitment by French investors to increase their involvement in the energy, infrastructure and retail industries. Jokowi and Hollande witnessed the signing of five memorandums ...

  Bloomberg India is likely to give Bangladesh a credit line of at least $3.5 billion for infrastructure projects during Prime Minister Sheikh Hasina’s state visit in April, as Beijing and New Delhi jostle for geopolitical influence in South Asia. The credit line, which would be India’s third to its neighbour, would go toward a variety of projects ranging from ...

  Bloomberg India’s wheat imports are likely to remain near the highest in a decade as the world’s second-biggest producer seeks to replenish stockpiles slashed by El Nino-induced drought, according to one of the nation’s largest buyers. Imports may reach 3 million metric tons in 2017-18, S. Sivakumar, the chief executive officer of ITC Ltd.’s agriculture business division, said in ...

  Bloomberg Businesses are bracing for Brexit by making last-ditch demands of the UK government to keep their interests in mind when Prime Minister Theresa May opens two years of talks with the European Union this week. Concerns include the risk of tariffs on exports to the EU, disruptions to supply chains and the potential loss of European workers. Bloomberg ...

  Bloomberg President Donald Trump is expected to lift a moratorium on federal coal-mining leases — and it probably won’t do the industry much good until years after he’s left office. That’s because US coal companies including Peab-ody Energy Corp. won’t be looking to secure new reserves of the fossil fuel on federal land for years, especially as mining slows ...

  Bloomberg Canada’s two biggest gold miners have formed a partnership to develop a gold-copper deposit in Chile as a third producer exits the project. Vancouver-based Goldcorp Inc. agreed to buy 25 percent of the Cerro Casale in Chile’s Maricunga mineral belt from the world’s largest gold producer, Barrick Gold Corp., reducing the latter’s stake to 50 percent. Under terms ...

  Bloomberg President Donald Trump’s “America First” approach to energy doesn’t scare Paolo Rocca. The billionaire steel tycoon who controls Tenaris SA, the world’s largest maker of seamless-steel pipes for the energy industry, expects the creation of American jobs at his $2.3 billion plant in Texas will allow his company to continue to import certain types of pipes into the ...

  Bloomberg In the end, the pipeline won. Dakota Access, which became a rallying point for tens of thousands of anti-fossil fuel and Native American-rights protesters, is preparing for service, a court filing on Monday showed. Now that the last segment built underneath Lake Oahe has been filled with oil, it’s only a matter of time before the line delivers ...

  Bloomberg The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on US infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets. That’s because projects in the US and other developed countries simply won’t use enough zinc or copper to have ...

  Bloomberg Home prices in 20 US cities climbed in the 12 months through January at the fastest pace since July 2014, while nationwide the increase in property values also accelerated, according to S&P CoreLogic Case-Shiller data reported on Tuesday. 20-city property values index rose 5.7 percent from January 2016 (forecast was 5.6 percent) after increasing 5.5 percent in the ...