International News

  Bloomberg China’s escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the ...

  Bloomberg This year, tax reform could give US companies access to hundreds of billions of dollars they have stashed overseas. Many corporations can’t wait that long. Apple Inc. and Microsoft Corp. combined sold $27 billion of debt this week to fund their daily operations, repay maturing debt, and buy back shares. Those bond sales might be unnecessary if new ...

  Bloomberg America’s service industries expanded in January at about the same pace as in the previous month, indicating resilience in the biggest part of the economy. The Institute for Supply Management’s non-manufacturing index was 56.5 last month after December’s 56.6 that matched the highest level since October 2015, the Tempe, Arizona-based group’s data showed Friday. Readings above 50 signal ...

  Bloomberg BMW AG is recalling about 230,000 vehicles in the US after discovering that some may have been fitted with defective Takata Corp. air-bag inflators during repairs, such as after a crash in which the devices deployed. The affected vehicles used air bags manufactured by Petri AG, a German partsmaker bought by Takata in 2000. If those vehicles needed ...

  Bloomberg As Donald Trump’s administration prepares to renegotiate Nafta, the head of Mexico’s largest movie theater chain is warning that an end to free trade could convince him to buy his popcorn from Argentina instead of the US. Cinepolis de Mexico SA, the world’s fourth-largest cinema chain, buys about $10 million a year of American kernels from farmers in ...

  Bloomberg The largest US cattle trade group said it’s “very concerned” about President Donald Trump’s pledge to renegotiate the North American Free Trade Agreement, which calls into question whether the industry will continue to enjoy its current level of market access in Mexico and Canada. A shakeup of Nafta now would come as US beef output is forecast to ...

Bloomberg Toyota Motor Corp. led major carmakers reporting lower US sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy. Deliveries fell about 11 percent for both Toyota and Fiat Chrysler Automobiles NV. Sales also dropped for General Motors Co. and Ford Motor Co., pacing a 1.8 percent decrease for the ...

  Bloomberg Canada’s economy may be returning to health after an oil shock, but keeping up that momentum could hinge on whether manufacturers show more resilience. Gross domestic product grew 0.4 percent in November after a surprise 0.2 percent contraction the prior month, Statistics Canada said, and advances in exports and jobs have economists projecting fourth-quarter growth at a 1.6 ...

  Bloomberg France’s election is making Europe’s markets nervous. Traders, already wearied from the 2016 gyrations that followed Brexit, Donald Trump’s victory and Italy’s referendum, are pricing in a surge in volatility for April, when the first round of French voting will occur. The scandal threatening to unhinge Republican candidate Francois Fillon’s run for the presidency has raised concerns that ...

  Bloomberg Changes from the Trump administration on work visas will be a boost to Canadian information technology provider CGI Group Inc., a major US government contractor that briefly gained notoriety a few years ago for its role in the Obamacare rollout. The Montreal-based company, which employs more than 11,000 people south of the border, said it’s less exposed than ...