International News

  Bloomberg The dollar’s biggest gain in six months may run out out fuel as reports from sectors of the U.S. economy keep pointing to sluggish growth. The Bloomberg Dollar Spot Index that tracks the currency versus 10 peers rallied this week from a one-year low, shrugging off a patchy jobs report. The employment data prompted Goldman Sachs Group Inc. ...

  Bloomberg Argentina’s credit rating was raised to B- from selective default by S&P Global Ratings, which cited the country’s payment on Thursday of $2.7 billion of past-due interest on bonds in default since July 2014. The outlook on the South American country’s rating is stable, S&PGR said in a statement. The ranking is five levels below investment grade and ...

  Bloomberg Monsanto Co. may have to wait months to gain approval in Argentina for a patent on its latest genetically modified soybean technology, another setback for the world’s largest seed company in its years-long quest to collect royalty payments from the country’s farmers. Monsanto’s Intacta soybean seed still lacks full patent approval from the Argentine regulator, Argentina’s Science and ...

  Bloomberg President Barack Obama touted a new rule from his administration that’s aimed at making it harder for people to hide money in the U.S. — but it came under quick criticism from a group of organizations pushing for greater financial transparency. Parts of the rule, which will require financial institutions to identify account holders hidden behind shell companies, ...

  Bloomberg Puerto Rico’s economic recession is poised to worsen as residents continue to leave the island, threatening to deepen the fiscal crisis that’s pushing the island to default on a growing share of its $70 billion of debt. The Planning Board, which calculates the island’s economic growth, released its fiscal 2017 forecast, estimating a 2 percent drop in gross ...

  London / AFP Global stock markets extended their sell-off on Wednesday as disappointing US jobs figures added to reignited concerns about weak growth. After a run of gains for equities, traders have been spooked by a string of disappointing data from China to Europe and the United States that has led them to question whether hopes of a nascent ...

  Mumbai / Bloomberg Jindal Steel & Power Ltd. will sell its 1,000-megawatt generator in central India to JSW Energy Ltd. as the company kicks off a restructuring plan to boost finances. Mumbai-based JSW will pay at least 40 billion rupees ($600 million), excluding net current assets, according to an exchange filing. Jindal Steel will be paid an additional 25 ...

  Beijing / Bloomberg China, the largest gold producer and consumer, is simplifying procedures for cross-border trade, a move that may speed up imports. The central bank and customs will allow companies that have “frequent imports and exports” of gold and gold products to apply for a single permit that can be used in as many as 12 shipments, the ...

  BEIJING / AP Apple Inc. has lost a legal fight with a Chinese company that a Beijing court says is allowed to use the iPhone name on wallets and handbags. The court said Apple failed to prove iPhone was a “famous brand” in China before the local company applied for a trademark in 2007, an official legal newspaper reported. ...

  KUALA LUMPUR / Bloomberg Malaysia’s ringgit slumped by the most in eight months after Federal Reserve Bank of Atlanta President Dennis Lockhart said a US interest-rate increase in June was “a real option.” The comments sparked a surge in the greenback, with the Bloomberg Dollar Spot Index rising from the lowest level in a year. Brent crude hovered around ...