International News

  AP Construction of the Dakota Access pipeline under a North Dakota reservoir has begun and the full pipeline should be operational within three months, the developer of the long-delayed project said Thursday, even as an American Indian tribe filed a legal challenge to block the work and protect its water supply. The Army granted Energy Transfer Partners formal permission ...

  Bloomberg Looking at UK homebuilding shares this week, you might think the Brexit vote never happened. More than seven months after the country voted to leave the European Union, the stocks closed above the level last seen before the decision. Investor concern that Britain would face economic disaster sent those shares plunging 14 percent in the two days following ...

  Bloomberg Ferdinand Piech vanished from the corporate scene for almost two years after abruptly departing Volkswagen AG, the carmaker his grandfather built. Now he’s looking to settle old scores. Piech, Volkswagen’s former chief executive officer, chairman and one of its biggest shareholders, has rekindled accusations that top managers knew about falsified emissions tests months before publicly admitting to it. ...

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

  Bloomberg The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warning signs back up the spike in demand: mortgage arrears are creeping up, lenders’ bad debt provisions have increased ...

  Bloomberg Tata Steel Ltd. swung to a profit in the third quarter, the first gain in five periods, boosted by a recovery in product prices and higher production. Group net profit was 2.3 billion rupees ($34 million) in the three months to December 31, from a loss of 27.5 billion rupees a year earlier, according to a statement from ...

  Bloomberg Lotte Group said the Chinese government ordered the halt of the conglomerate’s 3 trillion won ($2.6 billion) theme-park project in northeastern China, in the group’s latest setback in a country that’s stepping up economic retaliation against South Korea for pushing ahead with the deployment of a US missile shield. The government order to suspend the development in Shenyang ...

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

  Bloomberg Rio Tinto Group is delivering on a promise to reward investors as it emerges from an industry-wide downturn by paying out a bigger-than-expected dividend and announcing a surprise $500 million share buyback. Last year’s 81 percent surge in iron ore prices helped the world’s second-biggest mining company report its first gain in annual profit since 2013, exceeding analysts’ ...

  Bloomberg Film director and lawmaker David Puttnam is proposing measures in the UK’s House of Lords aimed at frustrating Rupert Murdoch’s 11.7 billion-pound ($14.6 billion) plan to merge his US media company, 21st Century Fox Inc., with European pay-television broadcaster Sky Plc. The amendments to the proposed Digital Economy Bill would subject media acquirers to a so-called fit-and-proper test ...