International News

Bloomberg The strains in South Korea’s credit market showed further signs of easing, with short-term borrowing costs falling for the first time in 20 months on Monday. Yields on three-month commercial paper — which companies use to raise funds for short-term payments like payroll — dropped a basis point in Seoul, which means conditions are improving. That would be the ...

  Bloomberg Chinese companies raised a record amount in initial public offerings (IPOs) at home this year, defying a global slump. And with the end of Covid Zero in sight, 2023 could be set for another strong showing. Listings in Shanghai, Shenzhen and the recently inaugurated Beijing exchange brought in $92 billion this year, according to data compiled by Bloomberg. ...

Bloomberg Takeda Pharmaceutical Co’s dengue vaccine was given the green light for use in Europe, making it the world’s second ever inoculation to be approved to fight the mosquito-borne disease that affects almost 400 million people a year. The European Commission approved the two-shot regimen, called Qdenga, for individuals four years of age and older, Takeda said. Takeda’s shots can ...

  Bloomberg GoTo Group shares continued their plunge after executives failed to assuage investor concerns about the unprofitable Indonesian internet company’s prospects. The stock fell for a 15th straight day, hurt by the expiry of a lockup on its major shareholders’ stakes that freed them to reduce their holdings. Management held a meeting with investors in which it said it ...

  Bloomberg Chaevi, a South Korean maker of supercharging stations for electric cars, is planning on building out an ultra-fast network in the US and partnering with automakers in Japan as consumers around the world embrace cleaner passenger transport. After installing some 26,000 EV chargers at home since the company was established in 2016, Chaevi has opened an office in ...

  Bloomberg Coffee farmers in Vietnam, the world’s biggest grower of the robusta variety, collected about 40% of the 2022-23 crop as of early December amid concerns about bean quality due to prolonged rains, according to Nguyen Nam Hai, head of the nation’s coffee association. Extensive rains hit major coffee-producing provinces of Dak Lak, Gia Lai and Kon Tum this ...

  Bloomberg Masayoshi Son has quietly tightened his grip on SoftBank Group Corp during a tumultuous market downturn, edging closer to the point where he could bid to take the world’s largest technology investor private. The billionaire now owns more than a third of the company he founded, after aggressive buybacks in the last two months reduced SoftBank’s outstanding stock ...

Bloomberg China’s BYD Co will sell its electric vehicles in Malaysia in a 500 million ringgit ($113 million) tie-up with Sime Darby Motors Sdn Bhd. Sime Darby will be BYD’s exclusive distributor in Malaysia, with the first showroom to open later this month, the companies said in a statement. They plan to have 20 dealerships by next year, and 40 ...

  Bloomberg An Indian state agency released nearly 27,000 Vivo Mobile Communications smartphones for export after withholding the shipment for more than a week over alleged rule violations. The federal finance ministry’s revenue intelligence unit allowed the Chinese company to collect the devices it was holding at the New Delhi Airport over an alleged mis-declaration of phone models and their ...

  Bloomberg Walmart Inc-owned digital payments brand PhonePe is seeking to raise as much as $1 billion from General Atlantic and existing investors including Tiger Global Management, Qatar Investment Authority and Microsoft, people familiar with the matter said, even as global funding dries up for startups. The all-equity round is expected to close in the next two weeks and may ...