International News

  Bloomberg Germany’s 10-year government bonds held on to their biggest gain in more than two weeks as the nation auctioned five-year notes at a record-low yield before the European Central Bank announces its latest policy decision. German sovereign debt has returned 1.1 percent in the past month while holders of Treasuries have been left with no gains, according to ...

  Bloomberg The Renault-Nissan alliance will begin hiring at least 300 tech experts this month, becoming the latest carmakers to try to lure workers away from Silicon Valley. Most recruits will be software engineers with experience in vehicle connectivity and mobility services, a category that includes car-sharing, the alliance said. They will join a team led by Ogi Redzic, 45, ...

  Geneva / AP Just like Hannibal in ancient times, Swiss engineers have conquered the Alps. More than 2,200 years after the commander from the ancient North African civilization of Carthage led his army of elephants and troops over Europe’s highest mountain chain, Swiss leaders have completed another gargantuan task — and on time: Burrowing the world’s longest railway tunnel ...

  Bloomberg Canada’s economy was already on track to crumble in the second quarter as the Alberta wildfires last month took more than 1 million barrels of oil a day out of production. When you add in details from Tuesday’s report on first-quarter gross domestic product, the outlook becomes dismal. Here are some of the reasons the economy doesn’t appear ...

  Bloomberg Argentine confectioner Havanna is looking to raise as much as 277.5 million pesos ($19.9 million) in the first local initial public offering since 2013. Havanna plans to sell a 17.5 percent stake on June 6, consisting of as much as 7.5 million common shares priced at between 32 and 37 pesos, Horacio Aguilar, head of capital markets at ...

  Bloomberg Barrick Gold Corp. will pay $140 million to shareholders who sued the world’s biggest gold miner over its handling of the Pascua-Lama project on the Chile-Argentina border. The Toronto-based company settled the class action lawsuit that was filed in a New York court, Motley Rice LLC, the firm representing holders, said in a statement Tuesday. It alleges Barrick ...

  Bloomberg Oil declined for a fourth day on concern recent gains were unsustainable, while shuttered Canadian operations started to reopen. Futures fell as much as 1.8 percent in New York after rising 6.9 percent in May as supply was curbed by wildfires in Alberta and militant attacks in Nigeria. Canadian oil-sands producers including Suncor Energy Inc. have begun resuming ...

  New Delhi / Bloomberg India may spend as much as $16 billion — over $1 billion more than initially estimated — on the nation’s first bullet train to elevate the entire railroad, a person with direct knowledge of the matter said. Land acquisition hurdles, as well as people and animals potentially wandering in front of carriages speeding at 350 ...

  Tokyo / AFP Japan’s industrial production edged up in April, data showed on Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu. Official figures also showed household spending remained tepid, as Prime Minister Shinzo Abe mulls whether to delay a sales tax hike over fears it could damage the fragile economy. Inflation data ...

  Tokyo / Bloomberg Suzuki Motor Corp.’s minicar sales fell 18 percent in Japan this month, after the automaker disclosed using improper methods to test the fuel economy of more than 2.1 million vehicles. Dealers heard both encouragement and criticism from customers after Suzuki said May 19 that it didn’t use a test method required by Japanese law, Chairman Osamu ...