International News

Bloomberg Japan Display Inc (JDI), the struggling supplier of mobile screens to Apple Inc, says it has about a year before it needs to decide on whether to take a plunge on next-generation organic light-emitting diode displays. While OLED panels are slimmer, more energy-efficient and offer higher contrast, JDI’s liquid crystal displays (LCD) will retain a price advantage that keeps ...

Bloomberg South Korean trade officials will discuss the country’s developing-nation status at the World Trade Organization with American counterparts this week, Yonhap News Agency reported. Trade Minister Yoo Myung-hee will reach out to the US, and the issue will be addressed at an economy ministers’ meeting soon, the report said, citing Finance Minister Hong Nam-ki. In July, Trump accused some ...

Bloomberg The trade spat between India, the world’s biggest palm buyer, and Malaysia seems to be escalating, with an influential processors’ group in Mumbai asking its members to refrain from buying the tropical oil from the second-largest producer. Malaysian PM Mahathir Mohamad last month told the United Nations that India “invaded and occupied” Kashmir. Since then, many Indian buyers of palm ...

Bloomberg The global collapse in coal prices this year has dealt a particularly heavy blow to miners in Indonesia, the top exporter and one of the largest producers of the fuel. Bonds from the country’s financially weak miners have suffered more than peers elsewhere in Asia due to a lack of diversification and state backing that many competitors enjoy. Prices ...

Bloomberg The world has more than enough coffee, and Indonesia is looking to add to the glut. The coffee industry in the No. 3 producer of robusta is on a mission to boost output at a time when production is soaring and prices are tumbling. Farmers are expected to reap 50%-60% more beans within the next five years, said Pranoto ...

Bloomberg Hong Kong Chief Executive Carrie Lam’s plan to relax mortgage rules for first-time buyers appears to have already spurred sentiment, with the city recording its best weekend for home sales since April. The 10 biggest housing estates tracked by Centaline Property Agency Ltd recorded 20 sales, more than three times the weekend before. That’s despite violent protests that have ...

Bloomberg Two Indian corporate bonds changed hands at yields of more than 40%, underscoring risks from a shadow banking crisis that’s spilling over into the economy and the rest of the credit market. Indiabulls Housing Finance Ltd’s September 2021 rupee note traded at a record 43.04% while Vodafone Idea’s January 2022 bond traded at 42.91%, exchange data show. Indiabulls’ bond ...

Bloomberg India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan, are part of efforts to expand the country’s renewable capacity and reduce the share ...

Bloomberg South Korea’s economic growth may miss the government’s target of 2.4% to 2.5% this year, Yonhap News Agency reported, citing the finance minister. Growth is more likely to meet the projections of International Monetary Fund and the Organization for Economic Cooperation & Development, the news agency cited Hong Nam-ki as saying in Washington, where the Group of 20 nations’ ...

Bloomberg A senior Chinese official called for governments around the world to work more closely together to regulate emerging technologies, while taking a veiled swipe at the US for undermining collaboration. “The foundation for an open and shared-by-all internet is unstable,” Huang Kunming, a member of the Politburo, which is comprised of China’s 25 most-senior officials, said at a technology ...