International News

  Bloomberg Farmer Zhang Qingjun said his cooperative in China’s northeast corn belt will slash this year’s planting of the crop by at least 40 percent when sowing starts next month because swollen government stockpiles of the grain have cut profits. “We can’t accept such low corn prices — you can barely make enough to feed the whole family,” Zhang …

  Bloomberg India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine. The company will begin work on the project three months after it gets final approval from Australia’s federal government, Gautam Adani, billionaire chairman of the Indian group said. Adani …

  Bloomberg The Republican replacement for the Affordable Care Act revives an expensive problem for US hospitals: Who pays for the uninsured? Hospitals such as Tenet Healthcare Corp. and Community Health Systems Inc. have been on a roller-coaster since the inauguration of President Donald Trump, who said during his campaign that “everybody’s got to be covered.” The latest Republican bill …

  Bloomberg Toyota says it will invest 240 million pounds ($294 million) in the UK despite the economic uncertainty surrounding the country’s departure from the European Union. The Japanese carmaker says that although the investment shows confidence in Britain, access to the European market that is “predictable and uncomplicated will be vital for future success.” Toyota will upgrade its plant …

  Bloomberg MuleSoft Inc., the San Francisco-based maker of cloud software, soared in its trading debut after pricing its initial public offering above the marketed share price range. The stock jumped 46 percent to $24.75 at the close in New York, valuing the company at about $3.1 billion. Mulesoft raised $221 million, according to a statement, pricing its shares at …

  Bloomberg German drugmaker Stada Arzneimittel AG’s biggest problem — its insipid profitability — is making it one of the most hotly coveted assets in a bidding war that’s driven the price to 3.61 billion euros ($3.87 billion). Consortiums of private equity firms including Advent International Corp. and Permira, as well as Cinven Ltd. and Bain Capital, have made offers …

  Bloomberg British Columbia will exempt some immigrants from a 15 percent home buyers tax in a bid to ensure the Canadian province attracts skilled workers and entrepreneurs. Foreign workers entering the country through a so-called Provincial Nominee Program won’t have to pay the real estate tax. The break will only apply to residents in the Vancouver area. “Our growing …

  Bloomberg For most of the mining industry, 2017 is turning out to be another good year. The big exception is Lonmin Plc. Investors are losing confidence in the world’s third-largest platinum producer as it burns through cash to stay afloat, just 15 months after raising about $400 million from shareholders. Platinum prices aren’t far from a seven-year low and …

  Bloomberg Singapore’s non-oil domestic exports increased at the fastest pace in five years in February, adding to signs of a recovery in the trade-dependent economy. Non-oil domestic exports rose 21.5 percent in February from a year ago, International Enterprise Singapore said in a report. The median estimate of 18 economists surveyed by Bloomberg was a 12.5 percent increase. Electronics …

  Bloomberg European Union officials are ruling out any discussions with UK Prime Minister Theresa May over a post-Brexit trade deal until she agrees to settle Britain’s financial commitments to the bloc. In a sign the EU is toughening its stance as Britain prepares to trigger two years of negotiations, two European officials familiar with the plan said in the …