International News

  Bloomberg Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and CEO Rex Tillerson said. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming months ...

  Bloomberg Two of Brazil’s biggest education companies are facing off in a quest to merge with Estacio Participacoes SA, the country’s second-largest for-profit firm. Ser Educacional SA sent a non-binding proposal to combine with Estacio, a deal that would create the largest education group focused on in-person private higher-education in Brazil, the company said on Sunday in a corporate ...

  Bloomberg A gauge of the dollar partially rebounded after incurring its biggest loss since February on weaker-than-forecast payrolls data that doused speculation the Federal Reserve will raise interest rates in the coming months. The U.S. currency remained near a three-week low against major peers touched Friday, when a Labor Department report showed employers in May added the least number ...

  Beijing / AFP US envoys pressed China on Monday to cut excess steel production that is flooding global markets and to reach a diplomatic settlement to territorial disputes in the South China Sea as the two sides opened a high-level dialogue. The annual meeting of Cabinet-level foreign affairs, trade and other officials from both sides is meant to head off ...

  WASHINGTON / Tribune News Service The US government wants its students to know more about India—from its ancient trade history to the present day start-up ecosystem as the country’s growth story may have “far-reaching implications” on the “life and career” of the young Americans. The US State Department, in collaboration with the Ohio State University, launched a six-week online ...

  Sydney / Bloomberg Australian opposition Labor party pledged a A$3 billion ($2.2 billion) childcare package during an election campaign and said it plans to allow parents to claim more rebates regardless of their income if it won the polls. The policy would start January if the party is victorious in next month’s election and entails a 15 percent increase ...

  Shanghai / Bloomberg Tencent Holdings Ltd., Asia’s biggest Internet company, is increasing the size of a syndicated loan to $4.4 billion, people familiar with the matter said. The operator of the WeChat and QQ instant message systems now has commitments from 25 lenders to the facility, according to the people, who asked not to be identified because the details ...

Kuala Lumpur / AFP An unspecified number of passengers and crew were injured when a Malaysia Airlines flight from London to Kuala Lumpur was hit by severe turbulence, the carrier said, as photos emerged showing a cabin strewn with debris and upended meal carts. The trouble-prone national flag carrier, which is still trying to shake the stigma of the double ...

  Bloomberg Campaigners to get Britain out of the European Union have moved into the lead, according to a YouGov poll that increases the pressure on Prime Minister David Cameron with less than three weeks until the referendum. The online poll for ITV’s Good Morning Britain programme on Monday put “Leave” voters at 45 percent and “Remain” at 41 percent, ...

  Bloomberg The pound slumped to a three-week low after polls showed more Britons favor exiting the European Union, reviving concern a June 23 referendum will throw global markets into turmoil and undermine confidence in the 28-nation trading bloc. Sterling weakened against all 10 developed-market peers after two surveys showed more voters were willing to vote to leave the EU ...