International News

Bloomberg Ford Motor Co is reinventing one of its marquee models — the Mustang muscle car — as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade. In a splashy ceremony ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with ...

Bloomberg President Donald Trump is scheduled to tour an Apple Inc manufacturing plant in Austin, Texas, on Wednesday, the White House said. The president plans to visit the plant along with Apple Chief Executive Officer Tim Cook, according to a tweet by spokesman Judd Deere. The Austin American-Statesman newspaper reported that Trump will travel with Treasury Secretary Steven Mnuchin and ...

Bloomberg HP Inc’s board unanimously rejected Xerox Holdings Corp’s unsolicited takeover proposal, saying the $22-a-share offer is too low and citing concerns about the smaller rival’s prospects in the printing industry. HP is “open to exploring” a merger but there are “fundamental questions that need to be addressed,” Chief Executive Officer Enrique Lores and Chairman Chip Bergh wrote in a ...

Bloomberg Almost 32,000 customers could lose power as dry, gusty winds whip up critical wildfire conditions across almost 6,000 square miles in Southern California, with another 250,000 affected in the northern part of the state. The winds gusting as high as 50 miles (80 kilometers) per hour could affect mountain and coastal areas, including Ventura, Los Angeles and San Diego ...

Bloomberg London’s office landlords keep being surprised that things aren’t a lot worse. Demand for office space in the UK capital is holding up even as political uncertainty persists in a nation gripped by its decision to leave the European Union. Businesses have continued to lease space despite the prospect of a general election that’s pitted the Brexit-backing Conservative party ...

Bloomberg India’s finance minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Companies are planning new investments after $20 billion worth of corporate tax cuts announced in September, Sitharaman told reporters in New Delhi. Actual investments may take some time to materialise, she said. Prime minister Narendra Modi’s government has ...

Bloomberg US and Chinese trade negotiators held “constructive discussions” in a phone call to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The ...

Bloomberg ArcelorMittal won approval from India’s top court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market. The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured ...

Bloomberg Nissan Motor Co is recalling 394,025 cars in the US, including the Pathfinder sport utility vehicle, on concern brake fluid may leak into internal circuit boards and cause fires. The recall includes, Murano SUVs from 2015 through 2018, Pathfinder SUVs from 2017 to 2019, Maxima sedans from 2016 to 2018, and Infiniti QX60 luxury crossovers from 2017 to 2019 ...

Bloomberg Malaysia’s economic growth eased in the third quarter to its slowest pace in a year amid declining exports and weaker factory output. Gross domestic product rose 4.4% in the three months through September from a year ago, according to figures from the central bank. The slower third-quarter print comes after Malaysia’s economy bucked regional trend in previous 3 months ...