International News

Bloomberg Shares of India’s pioneering digital payments startup Paytm plummeted for a second day after its $2.5 billion initial public offering, marking one of the worst debuts ever by a major technology company. The stock fell about 14% after a 27% plunge in its debut Thursday, cutting its market value to about $12 billion. The drop has hit individual investors ...

Bloomberg BHP Group and Woodside Petroleum Ltd approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine their energy assets. BHP agreed in August to merge its oil and gas business with Woodside to create a top 10 global energy producer. The deal, which is expected create synergies of over ...

Bloomberg Thailand’s unemployment rose to its highest level in more than 16 years after the worst wave of Covid-19 outbreak to hit the nation decimated jobs in the third quarter. The Southeast Asian nation had 870,000 unemployed people at the end of September, representing a 2.25% jobless rate, according to the National Economic and Social Development Council. It’s the worst ...

Bloomberg Singapore’s Mapletree Logistics Trust is set to acquire assets across China, Japan and Vietnam in deals worth over S$1.4 billion ($1.03 billion) amid growing consumption of e-commerce in those markets. The real estate investment trust is purchasing 13 logistics properties in China valued at S$870 million, while the proposed acquisitions of three similar assets in Vietnam are worth S$129.9 ...

Bloomberg South Korea’s exports are poised to extend a run of double-digit gains in November, underpinned by chip and ship sales and signalling global demand remains solid in the run up to the year-end holiday season. The value of Korea’s overseas shipments advanced 27.6% during the first 20 days of this month, the customs office reported, following a 24% increase ...

Bloomberg Sun Life Financial Inc, after shelling out almost $4 billion in the past two years to build up its US and asset-management businesses, is now poised to focus its dealmaking on Asia. Chief Executive Officer Kevin Strain, who took the reins in August, said that Asia’s growing middle class and the company’s goals for increasing earnings in the region ...

Bloomberg Prime Minister Boris Johnson will set out plans for a dramatic expansion of the UK’s electric-vehicle charging network by 2030 when the government will ban the sale of new gasoline and diesel cars. The aim is to add up to 145,000 new charging points a year to the system until the end of the decade, building on the 250,000 ...

Bloomberg German inflation may spike even higher than previously forecast this month with a rate just under 6%, according to the Bundesbank. About 1 1/2 percentage points of that will reflect a temporary cut in value-added tax and very low prices for travel-related services in 2020, the Frankfurt-based central bank said in its monthly report. German inflation already hit a ...

Bloomberg The number of Canadians searching for work jumped last month, just as pandemic-related government support programs were wound down, a survey by Indeed Canada showed. The share of people actively looking for employment rose to 30% last month, up from 25% in September, according to a report by the job posting site. The increase was largely driven by unemployed ...

Bloomberg Peru’s gross domestic product expanded 11.4% from a year earlier in the third quarter, the central bank said. The country’s economy was 1.6% larger than in the same quarter of 2019, after it shrank more than 10% last year as a result of the pandemic. Economists had projected third-quarter growth of 10.8%. Peru experienced months of lockdowns last year ...