International News

  Bloomberg Carsten Stendevad is resigning as chief executive officer of ATP, Denmark’s biggest pension fund, in order to move back to the U.S. The $120 billion fund has started a recruitment process to find a replacement, it said on Friday. The 43-year-old is leaving the fund to move back to the U.S. and be close to his wife’s family, …

  Bloomberg India expects to woo 1 trillion rupees ($15 billion) of investment over five years to double mining output and cut mineral imports. The government’s goal is to fast-track exploration, including upfront payments for discovered deposits when the mines are auctioned, Mines Minister Piyush Goyal said in an interview. The administration will invite foreign companies to participate, he said, …

  Bloomberg China Petroleum & Chemical Corp., the world’s biggest oil refiner, posted a 22 percent decline in profit for the first half of the year as oil’s collapse overpowered the boost from cheaper crude used to make fuels and chemicals. Net income dropped to 19.9 billion yuan ($3 billion), the Beijing-based company known as Sinopec said in a statement …

  Bloomberg Signs of life returning to Asian trade have stirred up some optimism of a recovery, but a closer look at the data coming out of the region indicates the malaise is far from over. While export figures from Malaysia and Thailand showed surprising strength in June, trade continues to contract across most of Asia in the face of …

  Bloomberg There are at least three good reasons why China is likely to succeed in starting the world’s biggest carbon-trading market when its efforts to limit pollution kick in next year. The government wants to put a cost on emissions of toxic smog to control pollution in industrial cities, starting with Beijing. The market may trade as much as …

  Bloomberg German Deputy Foreign Minister Michael Roth warned that the U.K.’s negotiations to leave the European Union “will be very difficult” and that Britain won’t be allowed to “cherry pick” the best that the bloc has to offer. “If the British want full market access but want to limit the access of workers from Germany, France or Poland, they …

  Bloomberg The pound is set for a litmus test next week with the release of housing data and purchasing managers’ surveys that might crimp the currency’s best run since May versus the dollar. Sterling climbed for the second week versus the U.S. currency, its first back-to-back gain since before the U.K. voted to leave the European Union in June, …

  Bloomberg If you drive a Mercedes-Benz or an Infiniti luxury vehicle, you’re probably more willing than most drivers to give up the wheel to a robot, according to a MaritzCX survey. About 27 percent of owners of Daimler AG’s Mercedes and Nissan Motor Co.’s Infiniti say they are “very interested” in buying a fully self-driving auto when those become …

  Bloomberg US President Barack Obama called on Congress on Saturday to step up funding to combat the Zika virus, warning that delay is putting more Americans at risk. Obama’s latest appeal, in his weekly radio address, came the day after the US authorities expressed deepening worry about the spread of the mosquito-borne virus, urging that all donated blood be …

  Bloomberg Japan will invest $30 billion to boost Africa’s economic growth and infrastructure over the next three years, Prime Minister Shinzo Abe said as he sought to win over national leaders already being wooed by China and the US. The Asian economy’s planned investment in the continent of 1.2 billion people shows it has “faith in Africa’s future,” Abe …