International News

  Bloomberg Vietnam expects economic growth to accelerate in 2017 as it boosts domestic businesses to shield the economy from worsening global uncertainty following the election of Donald Trump as US president. “Trump’s victory adds uncertainty to international financial markets and global trade would be affected,” Vu Viet Ngoan, chairman of the National Financial Supervisory Commission, which advises Prime Minister ...

  Bloomberg Fosun Group, the Chinese conglomerate that owns Club Med and Cirque du Soleil, is betting on new technology to boost its foray into the feature film industry, backing a Studio 8 Iraq war movie to be shown at five times the standard frame rate. Filmed at 120 frames-per-second, the $48 million “Billy Lynn’s Long Halftime Walk” is set ...

  Tokyo / AFP Some of the world’s top trading firms have agreed to build a faster data transmission network between Chicago and Tokyo, according to a person familiar with the matter, a move that would accelerate trading between two of the major centers of finance. The roster of firms in the joint venture — dubbed Go West — includes ...

  Bloomberg Satisfying the sweet tooth of the world’s biggest sugar-consum- ing country is getting a lot more expensive. At a time when demand in India is the highest ever, domestic output will drop for the fourth year in five, creating the first deficit since 2010 as prices surge. SGS SA, a researcher hired by Bloomberg to survey farmers in ...

  Bloomberg Great Wall Motor Co. said it will introduce a new premium brand to target the high-end market, joining Zhejiang Geely Holding Group among Chinese automakers seeking to upgrade from offering cheap, utilitarian cars. The SUV maker led by billionaire Chairman Wei Jianjun plans to unveil its upscale WEY brand on Nov. 16, the same week as the opening ...

  Bloomberg Walt Disney Co. said its new $5.5 billion Shanghai theme park attracted four million visitors in its first four months and will be close to breaking even in its first full year of operation in 2017. About 50 percent of the park’s guests are from outside the Shanghai area, a “big surprise” as the Chinese city had been ...

  Bloomberg Malaysia’s economic expansion beat estimates as private consumption growth quickened, helping counter weak government spending. Malaysia’s consumers and companies are now the growth pillars of the economy after a collapse in global crude prices hurt exports and curtailed the government’s ability to spend. Donald Trump’s victory in the U.S. presidential election poses a risk to Asian economies should ...

  Bloomberg The Obama administration’s signature policy on technology was net neutrality. Rules passed by the Federal Communications Commission in 2015 prohibited internet service providers from treating web traffic differently depending on the service being used.To Obama’s FCC, the rules were a way to prevent broadband providers from inappropriately knee-capping companies like Netflix whose services competed with their own. Opponents ...

  Reuters Facebook Inc has said it would no longer allow certain advertisers to exclude racial or ethnic groups when placing ads on its service, following criticism that the practice was discriminatory. The move comes amid growing scrutiny of how the world’s largest online social media network’s policies and algorithms shape what content appears in a user’s news feed. The ...

  Bloomberg Pacific Investment Management Co. has finally stopped the bleeding. Third-party clients added a net 4.7 billion euros ($5.1 billion) in new money to Newport Beach, California-based Pimco last quarter, according to a statement by its parent Allianz SE. The inflows cap three years of net redemptions that have cut assets at the money manager by about a quarter, ...