International News

Bloomberg Wanda Sports Group Co, a unit under Chinese billionaire Wang Jianlin’s conglomerate Dalian Wanda Group Co, filed to go public in the US with a goal of raising funds to pay down debt. The Beijing-based company, which has had partnerships with FIFA and the Chinese Basketball Association, owns sports properties and generates revenue from events, sponsorship and media pacts. ...

Bloomberg Now comes crunch time for Tencent Music Entertainment Group insiders and early backers who have to decide on Monday whether or not to cash out of the Chinese music entertainment service when its 180-day lockup expires. The decision is made more torturous by a 34 percent decline in the stock since a peak in mid-March. For some insiders and ...

Bloomberg The southwest monsoon, which waters more than half of India’s farmland, arrived in the country’s southern coast more than a week later than normal. Monsoon showers reached Kerala on Saturday, said Mrutyunjay Mohapatra, additional director general of Meteorology at India’s Meteorological Department. The department in May had predicted a June first week onset for the June-September rainy period. The ...

Bloomberg India plans to return to the negotiating table after President Donald Trump terminated a trade concession, which allowed the country to export almost 2,000 products to the US duty-free, people with knowledge of the matter said. While an option is to raise tariffs on a slew of US goods as retaliation, India may not choose that considering the benefits ...

Bloomberg President Donald Trump said he would drop plans for tariffs on Mexico that he’d been threatening to impose for the past week after the country promised new steps to stem an influx of illegal migration into the US. “I am pleased to inform you that The United States of America has reached a signed agreement with Mexico,” Trump said ...

Bloomberg Wildfire season has barely started, and PG&E Corp is already warning it could cut service in Napa County and elsewhere in Northern California to prevent power lines from sparking a blaze. PG&E may proactively shut off electricity in several counties this weekend after the National Weather Service said fire risk was high, the San Francisco-based utility said. About 1,600 ...

Bloomberg After a tumultuous stock debut, Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is parting ways with two top lieutenants in a major leadership overhaul. Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing officer, are both leaving the company, Uber said. Uber had largely shielded Harford from the public spotlight after he was the subject ...

Bloomberg AT&T Inc.’s DirecTV and Dish Network Corp., suffering the steepest subscriber losses in the pay-TV industry, are open to a merger and both companies believe such a deal could pass muster with US regulators, according to people familiar with their thinking. It’s been 17 years since a proposed combination of the two satellite-TV services was deemed bad for consumers ...

Bloomberg China targeted FedEx Corp in its escalating trade war with the US, giving a hint of the kind of foreign companies it may blacklist as “unreliable.” As details of China’s criteria trickled out, the investigation into FedEx’s “wrongful delivery of packages” was framed by the state news agency as a warning by Beijing after the Trump administration imposed a ...

Bloomberg Samsung Electronics Co Vice Chairman Lee Jay Yong convened a meeting with top executives and discussed ways to deal with the worsening global business environment as South Korea’s chip exports plunged. The meeting at Samsung’s memory-chip plant in Hwaseong, South Korea, came on the day the country reported a 30.5 percent decline in semiconductor exports for May. Worsening US-China ...