International News

  Bloomberg Like many Washington lobby groups, the US Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr Trump’s extensive business and hospitality background … will make him a ready and receptive ear,” the trade organization said. Upon the Republican’s inauguration, the USTA’s chief executive, Roger Dow, pledged the industry ...

  Bloomberg BT Group Plc was fined a record 42 million pounds ($53 million) and ordered to reimburse another 300 million pounds to competitors after an investigation found the former phone monopoly failed to adequately compensate them for broadband service delays. The UK communications regulator Ofcom found a “serious breach” of rules in place to protect competitors who rely on ...

  Bloomberg Siemens AG says it’s going to continue to invest into its London and UK operations despite the “unclear” future following Britain’s decision to leave the European Union. Siemens UK Chief Executive Officer Juergen Maier, visiting Berlin with Rajesh Agrawal, London’s deputy mayor for business, said London specifically is an important part of the future for Europe’s largest engineering ...

  Bloomberg Dyson Ltd. continues to prove making high-priced vacuum cleaners is a lucrative and growing business. The closely held UK firm said total sales grew 45 percent in 2016, to 2.5 billion pounds ($3.12 billion), largely due to demand for a new line of battery-powered cordless cleaners. The models, first introduced two years ago and costing about 500 pounds ...

  Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market ...

  Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...

  Bloomberg Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business. The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. ...

  Bloomberg German business sentiment climbed to the strongest since July 2011 in a sign that the economy is sustaining its momentum as revival in global trade trounces fears of rising protectionism. The Munich-based Ifo institute’s business climate index rose to 112.3 in March from a revised 111.1 in February. That beat the median estimate of 111.1 in a Bloomberg ...

  Bloomberg China Petroleum & Chemical Corp. reported its first profit gain in three years as the world’s largest oil refiner got a boost from cheaper crude and took a one-time gain from pipeline sales. Net income in 2016 rose 44 percent to 46.7 billion yuan ($6.8 billion), the company known as Sinopec said in a statement to the Shanghai ...

  Bloomberg Chinese conglomerate HNA Group Co. agreed to buy a 25 percent stake in Old Mutual Plc’s U.S. asset management unit for about $446 million, adding to a $30 billion spending spree since last year. Old Mutual is selling down its holdings in OM Asset Management to HNA Group in two tranches, according to an emailed statement on Sunday ...