International News

Bloomberg The US Food and Drug Administration (FDA) has granted approval to a blood cancer drug from Beijing-based BeiGene Ltd, paving the way for American patients to access a Chinese cancer therapy for the first time. The accelerated approval — ahead of even China’s own national drug regulator — marks a breakthrough for the growing legion of Chinese biotech companies ...

Bloomberg India’s Supreme Court refused to remove a barrier to the takeover of embattled hospital chain Fortis Healthcare Ltd by Malaysian operator IHH Healthcare Bhd, the latest twist in one of the country’s most contentious corporate sagas. The court held Fortis’ founders — Malvinder Singh and Shivinder Singh — guilty of contempt of court and said it could start similar ...

Bloomberg India’s palm oil imports in October probably retreated from a one-year high as traders and refiners trimmed buying after overseas supplies became more expensive. Shipments dropped about 12% from a month earlier to 775,000 tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. That’s the lowest since June. Imports were 879,947 ...

Bloomberg Chinese private soybean processors purchased about five cargoes from the US this week, according to people familiar with the deals, less than what was expected by the market. The private crushers in the world’s biggest soybean importer bought the cargoes for December and January shipment, said the people, who asked to not be identified as the matter is private. ...

Bloomberg Ucommune, the largest rival to WeWork in China, plans an initial public offering in the US in December even as the better-known competitor still recovers from its botched IPO, according to people familiar with the matter. The first-time share sale of the Chinese office-sharing provider could raise about $100 million, said the people, asking not to be identified discussing ...

Bloomberg Hangzhou Hikvision Digital Technology Co Ltd’s shares fell by the most in more than a month after China’s securities regulator opened a probe into alleged misconduct by its billionaire vice chairman. The investigation, announced in a filing, deals another blow to the surveillance giant that’s blacklisted by Washington. The Chinese seller of video cameras said the China Securities Regulatory ...

Bloomberg Chancellor Angela Merkel’s government is prepared to make a key concession to security hawks by tightening barriers aimed at Chinese equipment supplier Huawei Technologies Co, according to people familiar with the plans. A draft of security measures being rolled out by the German government aims to block Huawei components from entering the core network of the country’s ultra high-speed ...

Bloomberg President Donald Trump said China is “dying” to make a trade deal with the US and the first step of a broader agreement is close to being completed, but he’ll only sign it if it’s good for American companies and workers. “We’re close — a significant phase one deal could happen, could happen soon,” he said in a speech ...

Bloomberg Dutch prime minister Mark Rutte’s coalition government plans to lower daytime speed limits on Dutch highways in response to a court ruling on nitrogen pollution that halted construction projects and led to protests from farmers and builders. Under the plan, the maximum speed will be lowered to 100 kilometres per hour (62 miles per hour) during the day, said ...

Bloomberg Cheaper gas and electricity pushed UK inflation to its lowest rate in almost three years last month, bringing respite for Prime Minister Boris Johnson after two days of disappointing data. Consumer prices rose 1.5% from a year earlier, the smallest increase since November 2016, after a new energy price cap came into force, the Office for National Statistics said ...