International News

  Bloomberg Britain must choose whether to be in or out of the single market when it pulls out of the European Union because piecemeal access isn’t “for sale,” said Jonathan Faull, who retired this month from his post as one of the bloc’s former top civil servants. “I don’t think it is a question of buying your way somehow ...

  Bloomberg The US Energy Department says the electricity system “faces imminent danger” from cyber-attacks, which are growing more frequent and sophisticated, but grid operators say they are already on top of the problem. In the department’s landmark Quadrennial Energy Review, it warned that a widespread power outage caused by a cyber-attack could undermine “critical defense infrastructure” as well as ...

  Bloomberg Ford Motor Co., fresh from canceling a Mexico factory Donald Trump criticized, expects the incoming president to deliver on promises of tax reform that will benefit US manufacturers. “The environment is probably the best it’s been in quite some time to actually have tax reform,” Mark Fields, Ford’s chief executive officer, said at CES, formerly the Consumer Electronics ...

  Bloomberg Euro-area economic confidence jumped to the highest since 2011 at the end of last year after the European Central Bank extended its stimulus and the recovery in the 19-nation region showed further signs of strengthening. An index of executive and consumer sentiment increased to 107.8 in December from a revised 106.6 in November, the European Commission in Brussels ...

  Bloomberg India forecasts its growth will slow to a three-year low even before the effects of Prime Minister Narendra Modi’s cash clampdown start to show. Gross domestic product will grow 7.1 percent in the year through March, the Statistics Ministry said in a statement. However, the numbers don’t consider data from November onward, when Modi shocked the nation by ...

  Bloomberg Southeast Asia’s worst-performing currency of 2016 is in for another tough year with President Rodrigo Duterte’s spending plans seen boosting imports just as rising US interest rates spur capital outflows. The peso is forecast to be collateral damage as an economy growing faster than 7 percent and the government’s infrastructure program drive demand for inward shipments. This year ...

  Bloomberg Cofco Corp.’s Matt Jansen quit as the head of its international commodity trading unit, the latest setback to the ambitions of China’s biggest food company to create an agriculture merchant to rival the world’s largest. The firm named Cofco Vice President Jingtao Chi as his replacement. Jansen, who became chief executive officer of Cofco Agri Ltd. less than ...

  Bloomberg Chinese authorities plan to propose that this year’s fiscal deficit stay at 3 percent of gross domestic product, unchanged from 2016, according to people familiar with the matter, signaling further tolerance for slower economic growth. The budget deficit, usually announced in March, requires approval by the National People’s Congress and is subject to change, said the people, who ...

  Bloomberg Samsung Electronics Co. underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones. The world’s largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after ...

  Bloomberg Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to 15 percent for all residential purchases, excluding first-time buyers who are permanent residents. The curbs initially ...