International News

  Bloomberg Thirteen Japanese nuclear reactors were constructed with steel from the same company used in a French power plant that’s under scrutiny for anomalies found in the reactor vessel’s structure. Six utilities used steel from Japan Casting & Forging Corp., they all said in separate statements. The steelmaker was identified by Japanese authorities last month as supplying steel to ...

  Bloomberg China reported it added about 43 million barrels of crude to its strategic reserves between the middle of 2015 and early this year, in a rare release of such data by the world’s second-biggest oil user. The statement posted on the website of the country’s National Bureau of Statistics is the first update the government has given on ...

  Bloomberg The global nickel market will discover the severity of the Philippines’ mining audit next Thursday as President Rodrigo Duterte’s government presents the findings of the checkup and announces support for communities affected by any further suspensions. Benchmark prices surged. The audit in the world’s largest mined nickel supplier has been completed after 16 teams fanned out across the ...

  Bloomberg The global steel glut is shaping up as a hot-button issue as leaders of the Group of 20 major economies meet in China, securing a mention in their communique. That would show that overcapacity in steel — for which China has come in for criticism — remains on the radar for the world’s biggest economies months after it ...

  AFP India’s richest man Mukesh Ambani announced that his Reliance Industries’ long-awaited 4G mobile services would finally launch this month, sending shares of rival Bharti Airtel plummeting almost seven percent. Ambani told shareholders at the Mumbai-based company’s annual general meeting that the multi-billion-dollar telecommunications network, called Reliance Jio Infocomm, would be rolled out from September 5 following repeated delays. ...

  AFP China will launch an anti-trust probe into the $3.8 billion merger of US media giants Comcast and DreamWorks Animation, the country’s commerce ministry said. In April, Comcast — the biggest cable television operator in the US — bid for the creators of the Kung-fu Panda series, a smash hit in China. A Chinese company lodged a complaint about ...

  Bloomberg India must have a strong and independent central bank to ensure macroeconomic stability in the world’s fastest-growing major economy, Reserve Bank of India Governor Raghuram Rajan said a day before his term ends. central banks should be independent and should be able to say no to seemingly attractive proposals,” Rajan said in a speech in New Delhi on ...

  Bloomberg Tens of thousands of people took to streets of Taipei City, Taiwan, on Saturday in protest against pension-reform procedures, adding to growing woes for President Tsai Ing-wen who faces a decline in approval ratings after three months in office. More than 110,000 people took part in the rally, Cti TV reported. The protest, attended by former premier Hau ...

  Bloomberg The European Commission fired a warning shot across Theresa May’s bow after her government decided to seek a tailor-made Brexit deal on its own terms, saying that the U.K. could not pick and choose the conditions it preferred. The British premier earlier this week set out the first of her red lines for Brexit negotiations, saying she wanted ...

  Bloomberg The US Food and Drug Administration has banned several key chemicals in antibacterial hand soap, warning of health risks and saying they were not more effective than the ordinary soap. The FDA move took aim at 19 ingredients including the two most common, triclosan and triclocarban, which are widely included in liquid and bar antibacterial soaps despite fears ...