International News

Bloomberg Tropical Storm Nestor was set to drop in on the Florida panhandle on Saturday with high winds and rain that will miss the nation’s energy hub along the Gulf of Mexico coast but could bring needed moisture to area crops suffering from drought. Nestor was located in the Gulf about 121 kilometres southwest of Apalachicola, Florida, and moving at ...

Bloomberg Hangzhou Hikvision Digital Technology Co warned it may lose customers in overseas markets because of its US blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business. Executives at the Chinese camera provider, which reported profit in line with estimates, said however the company was large enough to ...

Bloomberg Reliance Industries Ltd’s quarterly profit rose 18% from a year earlier beating analyst estimates, bolstered by telecommunications, retail and stable refining margin. India’s biggest company by market value posted a consolidated net income of 112.6 billion rupees ($1.58 billion) in the three months through September, against 95.2 billion rupees a year ago, it said in an exchange filing. That ...

Bloomberg Sales of fast moving consumer goods in rural India had their slowest growth in seven years as sagging incomes and a broader credit crunch weighed on spending in the country’s hinterland, where the majority of its population lives. Sales growth of corner-store items from tea to toothpastes dipped to 5% across India’s villages in the quarter ended September, tumbling ...

Bloomberg Investors poured a record $735 million into financial-technology ventures in Singapore in the first nine months of this year, according to research from Accenture Plc, which analysed data from CB Insights, Pitchbook and Tracxn. That’s up 69% from the same period a year earlier and exceeds the $642 million raised in all of 2018, the study found. Investments in ...

Bloomberg Singapore said it wants all four of its carriers to introduce 5G services, with half the city-state covered by a standalone network by 2022 to maintain competitiveness in developing technology. The telecom regulator said it will select two network operators to deploy the 3.5GHz spectrum band on a standalone basis, while the two others will get bandwidth for upgrading ...

Bloomberg About 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, a study released by the Bank of Thailand’s research institute shows. Each of these 500 on average amasses 3.1 billion baht ($102 million) in company profits annually, according to the report from the Puey Ungphakorn Institute for Economic ...

Bloomberg The Indian conglomerate that owns Jaguar Land Rover (JLR) said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons Ltd, the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business for ...

Bloomberg Blackstone Group Inc and a rival consortium led by KKR & Co are considering bids for the cement unit of Indian cosmetics to paper conglomerate Emami Group, according to people with knowledge of the matter. TPG Capital is also weighing a bid for Emami Cement Ltd and could look for a local partner, said one of the people, who ...

Bloomberg Huawei Technologies Co, the wireless network giant blocked from selling its equipment in the US and some other markets, is betting it can find customers for its 5G gear in India, where the government has yet to weigh in on US calls for a boycott against the Chinese company. The world’s largest maker of components for 5G networks said ...