International News

  Bloomberg Citigroup Inc. and U.S. Bancorp agreed to sell their Brazilian credit-card joint venture to Stone Pagamentos SA, according to an e-mailed statement from the Sao Paulo-based payments company. The deal gives the venture, Elavon do Brasil Solucoes de Pagamento SA, an enterprise value of more than 300 million reais ($84 million), according to a person familiar with the ...

  Bloomberg Mexichem SAB and Empresas ICA SAB fell the most on Mexico’s benchmark index after a deadly blast at a petrochemical plant where both companies had operations. Mexichem dropped 3.4 percent, capping a two-day decline of 8.4 percent after the on Wednesday explosion at a facility the company co-owns about 600 kilometers from Mexico City. ICA, which was upgrading ...

  Bloomberg First-round bidders for Yahoo! Inc. could find out as early as next week whether they’ve made it through to the next stage. Yahoo’s advisers will spend the weekend narrowing down the field of bidders after receiving more than 10 initial offers for the Internet company ranging from about $4 billion to $8 billion. Several first-round bidders will be ...

  Calgary, Alberta / Reuters TransCanada Corp agreed to submit to a Quebec environmental review of its Energy East pipeline, avoiding a potential legal battle with the province by putting the controversial project through an extra round of scrutiny. The resolution removes a potential hurdle but also introduces another approval process for the nearly 4,600 km cross-Canadian pipeline, which will ...

  London / AFP Barack Obama warned Britain against leaving the European Union, undercutting a key argument of eurosceptics by saying London would be “at the back of the queue” for a post-Brexit trade deal. The US president’s comments on Britain’s June 23 EU membership referendum at a press conference with UK Prime Minister David Cameron drew a furious reaction ...

  Moscow / AFP Russia said it had temporarily suspended its demand for full repayment of a disputed $3-billion loan to Ukraine, saying it wanted to give the new government in Kiev time to “assess the situation”. “We have given the new Ukrainian government an extension to assess the situation with a clear head, to reevaluate its position and open ...

  Bloomberg Rosneft OJSC, Russia’s largest oil producer, plans to increase its dividend as the government seeks more funds from state corporations to bolster public finances. The company board has recommended increasing the payout to shareholders to 35 percent of its 2015 profit, or 11.75 rubles a share. The dividend would amount to 124.5 billion rubles ($1.87 billion) and represents ...

  Margate / AFP The artist J M W Turner will appear on the new £20 note, Bank of England governor Mark Carney announced. The new design will include Joseph Mallord William Turner’s self-portrait and his 1838 oil painting “The Fighting Temeraire”. “Turner is perhaps the single most influential British artist of all time,” Carney said. “His work was transformative, ...

  Bloomberg Electricite de France SA plans to sell about €4 billion of new shares and deepen cost cuts to bolster its finances as the company works to decide whether to move forward with a controversial nuclear power plant project in the U.K. EDF will submit a plan for the capital increase by the closing date of its 2016 accounts, ...

  Hanover / AFP Opponents of a proposed transatlantic trade deal hope to draw tens of thousands onto German streets Saturday, on the eve of a visit by US President Barack Obama. Obama’s trip — to open an industrial technology fair in the northern city of Hanover and hold talks with Chancellor Angela Merkel and other European leaders — was intended ...