International News

Bloomberg TransCanada Corp. plans to sell as much as 49 percent of its five Mexico natural gas pipelines to a passive partner to help pay for the $10.2 billion purchase of Columbia Pipeline Group Inc. TransCanada is “refinancing” its Mexican business to raise funds after agreeing to buy Columbia Pipeline Group, its biggest-ever acquisition, on March 17, Robert Jones, TransCanada’s ...

Bloomberg The world’s biggest shipping company is taking advantage of low industry prices to build its business across units. A.P. Moeller-Maersk A/S unveiled its latest venture on Thursday, when its APM Terminals unit said it will invest $859 million in a Moroccan port facility. That follows the closing earlier this month of the unit’s $1 billion acquisition of a Spanish ...

Bloomberg Puerto Rico won another week to submit a proposed rate fee to the commonwealth’s energy commission, a charge that would repay debt used to restructure about $9 billion owed by its main power utility. Puerto Rico Electric Power Authority creditors agreed to give officials until April 7 to file their petition to create a new customer fee, called a ...

Bloomberg With Minneapolis-St. Paul’s health-care industry booming, scientist Erin Nelson fielded more than 20 unsolicited calls in the past year asking her to consider switching jobs. She took one in September at a 40 percent raise. “Pay is becoming much more competitive,” said Nelson, 35, who designs research projects for medical-device companies. “It is a nice feeling to have job ...

Bloomberg Tata Steel Ltd., part of India’s biggest conglomerate, said a slump in global prices has forced it to consider selling its U.K. business, a decision that threatens to accelerate the demise of Britain’s steel industry. Global oversupply, high manufacturing costs and rising steel exports mean trading conditions in the U.K. and Europe have “rapidly deteriorated,” Mumbai-based Tata Steel said ...

Bloomberg Russia is nearing a decision to double dividends paid by state-owned companies on last year’s profit as the government struggles to cover a widening budget deficit, according to an official at the Federal Property Management Agency. A draft decree on the proposal to raise the payout to a minimum of 50 percent of net income from 25 percent has ...

Bloomberg Norway’s unemployment rate jumped to the highest in more than a decade as a slump in oil prices weighs on an expansion in western Europe’s biggest crude producer. The surveyed unemployment rate jumped to 4.8 percent in January, the highest since at least the start of 2006, from a revised 4.6 percent the previous month, according to Statistics Norway. ...

BRUSSELS / BLOOMBERG Euro-area economic confidence fell to the lowest level in more than a year just as the European Central Bank deployed fresh stimulus to spur growth and quash the threat of deflation. An index of executive and consumer confidence slumped for a third month, declining to 103.0 in March from a revised 103.9 the previous month, the European ...

Bloomberg When it comes to predicting the result of Britain’s EU membership referendum, the telephone surveys showing a lead for the “Remain” side are probably closer to the mark, despite their flaws, according to a study. Polls conducted online that suggest the race is too close to call and those done by phone are all missing important data, but the ...

Taipei / AFP Taiwan’s tech giant Hon Hai said on Wednesday it had finally sealed a takeover of Japanese electronics maker Sharp in a “historic” deal worth 389 billion yen ($3.5 billion). It is the first foreign acquisition of a major Japanese electronics firm and comes after weeks of delays, with Hon Hai buying a 66 percent controlling stake. But ...