International News

Bloomberg Nissan Motor Co will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan. The former chairman and chief executive officer of Nissan Motor Co and Renault SA made the prediction last year in a series of conversations about his ...

Bloomberg Uber Technologies Inc will sell Uber Eats in India to local rival Zomato in a $172 million deal, according to a person familiar with the transaction, underscoring the ride-hailing giant’s effort to cut back on loss-making operations. Uber agreed to offload the business in return for 9.99% of the Indian startup, maintaining a foothold in one of the world’s ...

Bloomberg Indian policy makers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home. Investors are speculating about potential steps finance minister Nirmala Sitharaman could unveil when she presents the nation’s budget on February 1. These measures may include freeing up firms to borrow at higher ...

Bloomberg A sale of Indonesian sovereign debt drew the most bids in more than three years, underscoring rising demand for emerging-market assets as trade tensions eased. The ministry of finance received 94.98 trillion rupiah ($7 billion) of offers at an auction of 15 trillion rupiah of government bonds. The level of incoming bids was a record based on data compiled ...

Bloomberg Huawei Technologies Co founder Ren Zhengfei shrugged off the threat the US will impose even stricter sanctions against his company, saying he was confident China’s largest tech company can survive further attacks from Washington. Tighter restrictions on the sale of American technology to the telecommunications giant — something the White House is considering — will not have very significant ...

Bloomberg Most of China’s provinces are expecting slower economic growth in 2020, underlining the nationwide trend which is expected to result in a tweaking of the formal goal when the legislature meets in March. Twenty-two of 31 major cities, provinces and autonomous regions have so far cut their 2020 target for gross domestic product (GDP) expansion, according to their work ...

Bloomberg China Water Environment Group Ltd, backed by the nation’s state-owned investment holding company, is considering an initial public offering in Hong Kong that could raise more than $500 million, according to people familiar with the matter. The water treatment company is working with advisers on a listing that could take place as soon as in the second half of ...

Bloomberg Presidents Emmanuel Macron and Donald Trump agreed to a truce in their dispute over digital taxes that will mean neither France nor the US will impose punitive tariffs this year. Macron said he had a “great discussion” with Trump on the issue, without giving details.“We will work together on a good agreement to avoid tariff escalation,” he said on ...

Bloomberg Investor confidence in Germany’s growth outlook rose to the highest in more than four years after easing trade tensions bolstered prospects for the country’s ailing manufacturers. ZEW’s index of expectations for the next six months increased to 26.7 in January, exceeding all estimates in a Bloomberg survey. The gauge turned positive last month for the first time since April, ...

Bloomberg The European Union (EU) got a boost in its crackdown on tax breaks for Spanish companies buying stakes in foreign firms after EU judges said a challenge involving Banco Santander SA was inadmissible. The EU Court of Justice rejected a Spanish tax tribunal’s request for guidance on the validity of European Commission decisions that found those tax breaks violated ...