International News

Bloomberg The UK is likely to drop its opposition to extending the Brexit transition period beyond 2020, European Union Trade Commissioner Phil Hogan said. In an interview with the Irish Times, Hogan said that Prime Minister Boris Johnson had previously pledged to “die in a ditch” rather than extend an earlier deadline of October 31 to exit the bloc — ...

Bloomberg The next decade could see growing demand for behavioural scientists, data analysts, upcycled clothing designers and even digital detox consultants. Brexit, climate change, an economic slowdown and technology are among the factors that could have the greatest impact on jobs in the 2020s, according to the UK’s Royal Society for the encouragement of Arts, Manufactures and Commerce. It looked ...

Bloomberg Over the past 10 years, Netflix Inc has led a revolution in the way the world consumes entertainment, and in doing so, it ruled over Wall Street. The shares have soared nearly 4,100% since the end of 2009, a gain that at one point made Netflix a larger company than Walt Disney Co by market value. No other S&P ...

Bloomberg Commodities are set for the best annual performance since 2016, with crude to copper posting annual gains. The Bloomberg Commodity Spot Index has hit the highest since November 2018 as trade tensions ebb, a risk-on mood sweeps markets, and the dollar eases. The gauge is now up 11% in 2019. Commodities are benefiting from an end-of-year surge as the ...

Bloomberg The man who claims he invented the world’s largest cryptocurrency and was ordered by a judge to surrender about $3 billion of his Bitcoin holdings said he may not be able to do so anytime soon. In a statement to Bloomberg News, Craig Wright said that he “cannot be certain that information will in fact arrive” to help identify ...

Bloomberg Tesla Inc delivered its first China-built cars, a milestone for Elon Musk’s company as it accelerates a push in the world’s largest electric-vehicle market. The company handed over the first 15 Model 3 sedans assembled at Tesla’s new multibillion-dollar Shanghai plant — its first outside the US — to company employees at the facility on Monday. More workers will ...

Bloomberg Philippine President Rodrigo Duterte continued his attacks on a local television network he’s accused in the past of bias, and urged owners of ABS-CBN Corp to sell before its franchise expires in March. In a televised speech delivered in the local language at Davao City on Monday, Duterte suggested the media firm’s franchise renewal is uncertain. He had earlier ...

Bloomberg Protests against a new citizenship law in India risk making investors wary of doing business in Asia’s third-largest economy. At least 25 people have been killed in nationwide demonstrations against the new rules enacted into law earlier this month. The law bars undocumented Muslims from three neighboring nations seeking Indian citizenship, while allowing people of other faiths to do ...

Bloomberg HNA Group Co’s chairman predicted 2020 will be “the decisive year to win the war” against the Chinese conglomerate’s long-running liquidity challenges. HNA endured another year of difficulties with liquidity but it’s the group’s “political duty” to overcome the challenge, Chairman Chen Feng said on the company’s WeChat page. Still, the message didn’t specify how HNA would overcome its ...

Bloomberg The financial gearing of Asia Pacific’s largest companies has risen for a second year following a period of deleveraging, but market participants don’t see cause for alarm. The median total debt-to-total equity for non-financial companies in the MSCI Asia Pacific Index reached about 44% in the first nine months of 2019. That is slightly higher than the 41% seen ...