International News

  Bloomberg France is set to continue the quick pace of wheat exports into next season, with low freight rates and large stockpiles helping increase overseas sales, according to the nation’s largest grain cooperatives. Shipments will probably start earlier than last year and exports to unusual destinations including countries in Asia will continue, Philippe de Raynal, chief executive officer of ...

  Bloomberg Swedish inflation slowed more than estimated in May, adding pressure on the central bank to expand its unprecedented stimulus measures at its meeting next month. Consumer prices rose an annual 0.6 percent in May, compared with 0.8 percent the prior month, Statistics Sweden said in a statement on Tuesday. The Riksbank and analysts surveyed by Bloomberg estimated inflation ...

  Bloomberg GAM Holding AG said first-half profit will probably fall by half after performance fees at the Swiss asset manager dried up. Underlying profit before and after tax is expected to decline by about 50 percent from a year earlier, the Zurich-based company said in a statement on Tuesday. Performance commissions will probably tumble to 1 million Swiss francs ...

  Bloomberg The global oil market will be almost balanced next year as demand continues to rise faster than production, while the current oversupply is much smaller than previously thought, the International Energy Agency said. The surplus in the first half of this year is about 40 percent smaller than estimated a month ago, as consumption proves stronger than expected ...

  Bloomberg Twitter Inc. jumped after Microsoft Corp.’s $26.2 billion agreement to buy LinkedIn Corp. prompted speculation other technology companies may become acquisition targets. Twitter ended the day up 3.8 percent to $14.55 in New York after rising as much as 9.1 percent earlier. The social network’s stock had dropped 39 percent this year through Friday as investors questioned whether ...

  Bloomberg Brazil’s new central bank president IlanGoldfajn pledged to hit the center of the inflation target, while nominating members to his board that include a banker from the private sector. “The objective is to fully meet the inflation target established by the National Monetary Council, looking at its center,” said Goldfajn, 50, during a ceremony to mark his taking ...

  Bloomberg Eagle Ford shale producers are getting a new outlet to ship their abundant natural gas to Mexico as the southern neighbor seeks supplies to increase power generation. A unit of Spectra Energy Corp. and a joint venture between Sempra Energy’s Ienova and TransCanada Corp. won contracts to link the Agua Dulce Hub on the Texas Gulf Coast to ...

  Bloomberg League Inc., a Canadian health-insurance startup, is raising $25 million in a funding round backed by Omers Ventures, Royal Bank of Canada and Manulife Financial Corp. Toronto-based League lets employees find and pay for services such as therapy, dental work and chiropractor visits through a mobile application. League isn’t an insurer but connects insurance pools, employees and a ...

  Bloomberg Batteries capable of storing power at utility scale will be as widespread in 12 years as rooftop solar panels are now, revolutionizing the way consumers use energy. That’s the the conclusion of Bloomberg New Energy Finance, which forecasts the battery market may be valued at $250 billion or more by 2040. It expects 25 gigawatts of the devices ...

  AFP Mexican President Enrique Pena Nieto said Friday that he and Singaporean counterpart Tony Tan will promote the ratification of a trans-Pacific trade pact. The two leaders met during Tan’s state visit to Mexico, the first by a Singaporean head of state to any Latin American nation. After talks at the capital’s ornate National Palace, Pena Nieto said the ...