International News

  Bloomberg Rio Tinto Group looks like it’s putting about $9 billion of unwanted assets from coal and uranium to Canadian iron ore into a single basket ready to spin off, according to Sanford C. Bernstein. Incoming Chief Executive Officer Jean-Sebastien Jacques on Tuesday revamped the four key divisions of the world’s second-biggest mine operator. The new Energy and Minerals ...

  Bloomberg All Exxon Mobil Corp. had to do was run its Los Angeles-area refinery for 15 days before handing the keys to new owner PBF Energy Inc. That’s turning into a struggle. More than a month after Exxon restarted a key gasoline-making unit that was damaged in a blast last year, PBF still hasn’t taken control of the Torrance ...

  Bloomberg FedEx Corp. forecast an annual profit in line with analysts’ projections, excluding any effect from its recently completed purchase of Dutch shipper TNT Express for $4.8 billion. Earnings for the fiscal year ending next May will be $11.75 to $12.25 a share, the operator of the world’s largest cargo airline said in a statement. The company said it ...

  Bloomberg Britain’s referendum on European Union membership remained too close to call two days before the vote, with separate polls showing leads for both sides and billionaire investor George Soros warning of a slump in the pound should voters back Brexit. A YouGov poll of 1,652 voters for the Times newspaper published late on Monday showed “Leave” at 44 ...

  CAPEL-LE-FERNE, England / AP Rob Warnock is a proud British farmer and the son of a proud British farmer, and he hopes his son will follow in his footsteps one day. He’s also a European Union farmer, but that is not a legacy Warnock wants to pass on to his 6-year-old son. Warnock plans to vote this week for Britain ...

  Newlyn, United Kingdom / AFP The EU has lavished more money on people in Cornwall than any other part of England, but that has not bought it popularity — and many in this remote southwestern peninsula will back Brexit in Thursday’s vote. In the harbour at Cornwall’s biggest port, Newlyn, fishing boats fly “Vote Leave” flags from their rigging, while ...

  London / Bloomberg The leaders of some of France’s top companies urged their British neighbors to stick with the EU to safeguard jobs and investment, less than 48 hours before polls open for the Brexit referendum. In a joint letter published in English on Tuesday, 34 corporations including 16 listed on France’s benchmark stock index, called on the U.K. ...

  New Delhi / Bloomberg Apple Inc. may be closer to opening stores in India after the government eased onerous local sourcing requirements on retailers. The world’s second-most populous country on Monday announced the easing as part of a raft of measures intended to boost foreign direct investment and expand the leeway afforded multinational corporations. It loosened policies that require ...

  Kuala Lumpur / Tribune News Service Logistics operators in south Thailand have lost almost 100 million baht (US$2.8 million) over the past six to seven months as container trucks take six to eight hours to cross the border into Malaysia from Songkhla’s Sadao district, the Association of Southern Logistics and Transportation said. This was because the Malaysian checkpoint is ...

  Tokyo / AP The Japanese government said on Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company. The Transport Ministry said the figure came from its own mileage tests to look into the cheating by the Japanese automaker on its minicar models, tiny cars ...