International News

Bloomberg Tesla Inc’s growth potential in China means the stock is undervalued even after a recent rally pushed the shares almost to $500 apiece, analysts at Piper Sandler Cos said while boosting their target price by more than 30%. Piper raised its target to $553 from $423, making it the most bullish among forecasters tracked by Bloomberg. The stock has ...

Bloomberg Byju’s is raising about $300 million in a funding round led by New York-based Tiger Global Management, securing new capital at a valuation of $8 billion for the online education startup’s global expansion. Tiger has invested about $150 million in Byju-parent Think and Learn Pvt, according to people familiar with the deal. Existing investors will likely contribute about the ...

Bloomberg The French government signalled it’s prepared to scrap an effort to raise the age at which workers can retire with full benefits to 64 in a bid to get the country’s moderate unions on board with president Emmanuel Macron’s pension reform plan. “I am prepared to withdraw from the bill the short-term measure which I had proposed, consisting of ...

Bloomberg General Motors Co is moving forward with plans to revive its polarising Hummer brand, this time as an electric truck instead of an emblem of gasoline consumption, according to people familiar with the matter. The Detroit automaker plans to debut a pickup around 2022 with boxy styling cues reminiscent of the Hummers of yore, one of the people said. ...

Bloomberg India’s Tata Group scored a temporary victory in a corporate feud after the nation’s top court said an ousted chairman can’t return to his old job, a move that promises to reduce the legal distractions threatening to stunt growth at the $111 billion conglomerate. A three-judge Supreme Court bench put on hold a lower court verdict last month that ...

Bloomberg Japan Post Holdings Co’s new chief executive officer vowed to restore the group’s reputation and said it’s too soon to think about growing business after an insurance scandal brought down his predecessor. “My mission is to forge a solid footing,” Hiroya Masuda said in Tokyo. “We have just received a business suspension order. We would lose investors’ trust if ...

Bloomberg China will reach its target of economic growth of 6% to 6.5% in 2019, said National Bureau of Statistics (NBS) head Ning Jizhe, just days before the official release of data on gross domestic product from last year. China remains the world’s fastest-growing economy larger than $10 trillion, he said at a forum on Saturday, according to a report ...

Bloomberg A tweet from a Japanese billionaire to distribute 1 billion yen ($9 million) to his followers is attracting plenty of attention. Yusaku Maezawa pledged to give 1 million yen each to 1,000 of his Twitter followers who reposted a message from his @yousuck2020 account. It has been retweeted 4.1 million times since the New Year. Maezawa, 44, who founded ...

Bloomberg If the latest monthly manufacturing data suggests anything, it’s that president Donald Trump’s tariffs haven’t yet solved a key issue haunting US steelmakers: China’s subsidising of its own industry. Manufacturing jobs in December unexpectedly fell by 12,000 with a key part of the drop coming in businesses that make raw and fabricated metals. The metal-making industries accounted for a ...

Bloomberg One of president Donald Trump’s top economic advisers played down the prospects of the administration concluding further phases of a trade deal with China, saying any future negotiations would depend on how an initial accord — due to be signed next week — is implemented. “Phase two’s going to depend a lot on how phase one goes,” Larry Kudlow ...