International News

Bloomberg Thousands of workers plan to carry out protests against Indonesia’s labour, wage and health insurance regulations, which they say are discriminatory, raising fresh risks for the stability of Southeast Asia’s largest economy. Around 50,000 workers will join the protest in front of the parliament building in Jakarta, according to Said Iqbal, president of the Confederation of Indonesian Trade Unions ...

Bloomberg Coal India’s monthly production dropped to a record low as heaviest rains in 25 years flooded mines and hindered shipments. The Kolkata-based state miner produced 30.77 million tons of coal in September, down 24 percent from a year earlier and the lowest in data back to 2013, according to a stock exchange filing. Shipments dropped 20 percent to 35.18 ...

Bloomberg WeWork named a new head of its Japanese operations, replacing a company veteran with close ties to former Chief Executive Officer Adam Neumann. Kazuyuki Sasaki, the former managing director of WeWork Japan, has been named its new CEO, the company said in a statement on Wednesday. Sasaki replaces Chris Hill, who has headed Japan operations since their start in ...

Bloomberg Onions in India are once more at the epicenter of a major controversy, pitting government officials who want lower prices against farmers that need extra income. Prices of the vegetable, as ubiquitous as spices in Indian cooking, surged more than 200 percent in September from previous months after flooding from heavy monsoon rains damaged crops and reduced supplies. That’s ...

Bloomberg Lendlease Global Commercial REIT’s stellar IPO debut is yet another testament to the hunger for yield among Asian investors. The real estate investment trust, part of Australia’s Lendlease Group, started trading on the Singapore bourse on Wednesday, surging 6.3 percent at the open from its offer price. This is the biggest jump among the city-state’s REITs in the past ...

Bloomberg India recorded its best monsoon season in 25 years, paving the way for more bountiful crops including oilseeds and pulses. The monsoon rains, which provide more than 70 percent of the country’s annual rainfall and run from June to September, totaled 968.3 millimeters, data from the India Meteorological Department show. That’s 10 percent above the 50-year average, and the ...

Bloomberg Chinese companies purchased US soybeans after the government issued more waivers for retaliatory-tariff free imports, according to people familiar with the situation. Both state-owned and privately run firms purchased between 12 and 15 cargoes, or as much as 1 million tons, of the commodity, said the people, who asked not to be identified as the information is private. Some ...

Bloomberg India’s core infrastructure industries’ output contracted for the first time in more than four years in August, reflecting weak demand in the economy. The index of eight core infrastructure industries, which comprises output of coal, crude oil, cement and electricity among others, fell 0.5 percent in August. It had last declined in April 2015. The overall output was weighed ...

Bloomberg Kansai Electric Power Co is set to disclose more details of a nuclear payoff scandal as investor scrutiny intensifies and the government orders an independent investigation. The utility plans to identify the 20 company officials who accepted gifts, including details about the cash and goods they received, at a press conference at 2 pm in Osaka, according to Kyodo ...

Bloomberg A blanket of smog covering Vietnam’s capital of Hanoi is causing officials to warn residents to avoid going outside and wear protective masks. Hanoi was listed as having the worst air globally for pollution in major cities at 2 pm local time, data from monitoring firm Impair Air Visual showed. The Vietnam Environment Administration attributed the increase in smog ...