International News

  HANOI / AP A court in central Vietnam rejected lawsuits from hundreds of fishermen seeking compensation from a Taiwanese steel company for losses caused by its release of toxic chemicals that killed a large number of fish and caused one of the country’s worst environmental disasters. Catholic priest Dang Huu Nam, who helped the fishermen file the lawsuits at ...

  Singapore / AFP Beleaguered Asian commodities trader Noble Group said on Monday it has agreed to sell its North American energy business to US power generator Calpine Corp for a total $1.05 billion. The Singapore-listed firm said the sale brings it closer to completing an initiative to raise $2.0 billion in capital as it strengthens its finances to turn ...

  Colombo / AFP Sri Lanka aims to make a record $3.5 billion from tourism this year on the back of its improved rights record under a new government after years of ethnic war, its tourism minister said on Monday. Tourism on the Indian Ocean island suffered heavily during a decades-long civil war that ended in 2009, but has been ...

  Bloomberg Foreign ownership of Malaysian government bonds dropped in September for the first time in 12 months, with the outflows likely to have been triggered largely by debt maturities. Overseas holdings decreased 0.4 percent to 213 billion ringgit ($51.4 billion), after climbing to a record in August, according to central bank data released in Kuala Lumpur on Monday. Sovereign ...

  Sydney / AFP Australia’s richest woman and a Chinese property developer joined forces Sunday to bid for one of the world’s largest cattle estates, despite Canberra’s rejection of previous foreign offers. Australia’s biggest private landowner, cattle firm S. Kidman and Co, has attracted keen interest from Chinese firms wanting to secure the sprawling pastoral empire. But the government has ...

  Bloomberg Alibaba Group Holding Ltd.’s financial affiliate appointed a new chief executive officer as it prepares for a highly anticipated 2017 initial public offering. Zhejiang Ant Small & Micro Financial Services Group Co. named finance veteran and President Eric Jing to take the helm from Lucy Peng, who retains her role as executive chair, according to an e-mailed statement ...

  Bloomberg Three of China’s largest cities plan to limit the pool of drivers for online ride-sharing services, dealing a blow to Didi Chuxing, the firm that agreed to acquire the Chinese business of Uber Technologies Inc. Draft rules issued by Beijing, Shanghai and Shenzhen said that only holders of local residency permits — called hukou — would be able ...

  Bloomberg Australian Treasurer Scott Morrison said he doesn’t see much appetite for further cuts to his nation’s already record-low interest rates, while stressing that’s a decision for new central bank Governor Philip Lowe. “From our perspective, the old pushing-against-the-string analogy is very relevant,” Morrison said in an interview at the International Monetary Fund’s headquarters in Washington. “It’s up to ...

  NEW DELHI / AP A section of the cargo terminal at New Delhi’s international airport was cordoned off Sunday after a suspected radioactive leak, but officials later said the radiation posed no danger to people and called off the emergency. The leak at Indira Gandhi International Airport was suspected to have occurred from a package containing cancer medicine that ...

  Bloomberg Shanghai, China’s financial hub, is putting in place new measures to curb a surge in property prices as part of the country’s latest push to ensure stable and healthy real estate development. The new steps announced by the city’s housing commission include increasing land supply and forbidding price increases in new home pre-sales without approval. In addition, punishment ...