International News

  Bloomberg Aluminum climbed as inventories tracked by exchanges in London and Shanghai declined, signaling tighter supplies. Most other industrial metals rose, while copper posted its biggest weekly loss in a month. Stockpiles of aluminum held in Shanghai Futures Exchange warehouses fell this week to the lowest since 2011 and those tracked by the London Metal Exchange had the biggest ...

  Bloomberg Kirin Holdings Co. snapped four days of losses after reporting first-half operating profit beat its own forecast by 25 percent. Operating profit rose 1.5 percent to 58.8 billion yen ($581 million) for the six months ended June from a year earlier on increased sales of soft drinks domestically and growth in its pharmaceuticals and bio-chemicals operations, the Tokyo-based ...

  Bloomberg Apple Inc. acquired artificial intelligence startup Turi Inc. for about $200 million, according to people familiar with the situation, in the latest deal by the iPhone maker to accumulate advanced computing capabilities for its products and services. Turi helps developers create and manage software and services that use a form of AI called machine learning. It also has ...

  London / Bloomberg Britons living close to fracking wells could be paid some of the proceeds under proposals being considered by the UK government. Prime Minister Theresa May has added an option to proposals to be consulted on this week that money from the fund set up to compensate areas hosting shale gas extraction sites be paid directly to ...

  California / Bloomberg The chief executive officer of the Nordic region’s biggest road transport company predicts the trucks he relies on can start operating without drivers within the next 5-10 years. Jens Bjoern Andersen, who drives a Tesla to work every day, giving him a first-hand view of how the technology is advancing, says the know how is already ...

  Buenos Aires / Bloomberg Argentina plans to sell as much as $8 billion in bonds that pay little to no interest as one of the options available for tax evaders seeking to repatriate money held abroad. Argentina will offer as much as $3 billion of three-year bonds that pay no interest and $5 billion of notes due in 2023 ...

  Bloomberg State-run NTPC Ltd., India’s biggest power producer, is seeking to terminate a long-term supply contract for imported natural gas as it says the fuel is too expensive to be used in power generation, according to people with knowledge of the situation. The New Delhi-based electricity generator has written to state-run GAIL India Ltd., which supplies the fuel sourced ...

  Bloomberg India extended its floor price regime on steel imports for a further two months, as the world’s third-biggest producer seeks to insulate domestic mills from a global glut. Steelmakers gained in Mumbai. The country extended minimum import prices, ranging from $341 to $752 a metric ton depending on the type of product, until Oct. 4, the commerce ministry ...

  Bloomberg Japan’s auto industry is going back to tried-and-tested plays to ease the pain of yen strength as Toyota Motor Corp.’s prediction for a 37 percent plunge in earnings threatens to end the era of record profits. A resurgent yen wiped almost half a trillion yen ($5 billion) off the operating income of Japan’s seven automakers in the first ...

  Almaty / AFP Major Russian mobile operator Mobile TeleSystems (MTS) has abandoned its stake in a lucrative joint venture in Uzbekistan, the Central Asian country’s communications ministry said late on Friday. The ministry’s announcement, which the company also confirmed later, said the state-owned Center of Radio Communication, Broadcasting and Television had become “sole owner” of the pair’s joint venture ...