International News

  Bloomberg India’s surprising economic strength last quarter will only renew debate over how much its unprecedented cash ban has curtailed growth and how quickly activity will bounce back. While the Reserve Bank of India and the government are backing a sharp V-shaped recovery, analysts including those at the local unit of Moody’s Ratings predict a slower turnaround after growth ...

  Bloomberg Japan’s economy coasted along with only slight improvements in January despite a rebound in corporate investment. Core inflation excluding volatile food prices rose 0.1 percent, mainly due to an uptick in energy prices, data showed. The unemployment rate in the world’s third-largest economy edged slightly lower, to 3.0 percent, and the number of jobs per applicant remained at ...

  Bloomberg Australia’s economy expanded faster than forecast in the fourth quarter of 2016 as household savings fell to the lowest level in more than eight years as consumers opened their wallets. Gross domestic product rose as much as 1.1% from prior quarter; economists estimated 0.8% gain. Economy grew 2.4% from a year earlier, compared with a forecast 2% increase. ...

  Bloomberg Australian Treasurer Scott Morrison said he’s still “very concerned” about the impact of record-low wage growth on the budget even after the economy rebounded strongly in the final three months of last year. The treasurer sought to play down the fiscal boost from 1.1 percent growth in the fourth quarter, telling Sky News only that “it’s consistent with ...

  Bloomberg The head of decommissioning for the damaged Fukushima nuclear plant said that more creativity is needed in developing robots to locate and assess the condition of melted fuel rods. A robot sent inside the Unit 2 containment vessel last month could not reach as close to the core area as was hoped for because it was blocked by ...

  Bloomberg China will further trim its bloated smokestack industries this year and support other sectors in services or internet-related businesses to create new jobs. The country plans to eliminate another 500,000 jobs in industries with excess capacity, Minister of Human Resources Yin Weimin said at a briefing Wednesday in Beijing. That’s part of an effort to trim 1.8 million ...

  Bloomberg India’s largest pharmaceutical firms are looking to convince US President Donald Trump that his promise to lower drug costs should take priority over his vow to make sure the medicines are made in America. The Indian Pharmaceutical Alliance, an industry group representing 20 of the nation’s largest drugmakers, is recommending India make the case to US lawmakers, regulators ...

  Bloomberg After the birth of the sport utility vehicle, minivans disappeared from many American driveways. Family sedans appear to be headed down a similar road. Passenger cars were just 37.5 percent of US auto sales during the first two months of the year, according to researcher Autodata Corp. As recently as 2012, coupes, sports cars and sedans like the ...

  Bloomberg Euro-area manufacturing accelerated for a sixth month in February amid signs that inflation pressures may be starting to build as factories struggle to keep up with demand. A Purchasing Managers’ Index climbed to 55.4, IHS Markit said. The reading compares with a flash estimate of 55.5 and is up from 55.2 in January. Companies raised output charges at ...

  Bloomberg Foxconn Technology Group will begin construction this month on a $9 billion display plant in southern China, as billionaire founder Terry Gou makes a big bet on demand for giant-sized TV screens in healthcare and homes. Gou and the Taiwanese company are looking to capitalize on the technology and branding acquired with the purchase of Sharp Corp. last ...