International News

Bloomberg Hewlett Packard Enterprise Co, a maker of server computers, raised its profit forecast for the year on greater cost-cutting measures, topping most analysts’ estimates. Executives said, however, that trade tension between the US and China has created greater uncertainty. Profit, excluding some items, will be $1.62 a share to $1.72 a share in fiscal 2019, an increase of 6 ...

Bloomberg Samarco Mineracao SA, the Brazilian mining venture that hasn’t operated since a deadly dam collapse in 2015, is postponing restructuring talks for $3.8 billion of debt until at least November, according to three people with knowledge of the plan. Creditors of the company’s $2.2 billion in defaulted bonds and $1.6 billion in loans and other obligations are agreeing to ...

Bloomberg US factory activity took a hit this month as the tariff war with China and an overhang of inventory dampened orders, adding to signs the economy could slow in the second quarter. The preliminary US manufacturing purchasing managers’ index from IHS Markit fell two points to 50.6, the lowest reading since 2009, according to data. The drop was led ...

Bloomberg Facebook Inc. said it removed 2.2 billion fake accounts in the first quarter, a record that shows how the company is battling an avalanche of bad actors trying to undermine the authenticity of the world’s largest social network. In the final quarter of 2018, Facebook disabled just more than 1 billion fake accounts and 583 million in the first ...

Bloomberg President Donald Trump says he may resolve a dispute over Huawei Technologies Co as part of a trade agreement with China, yet doing so would undercut US assertions the company poses a national security threat. Days after trade talks with Beijing hit an impasse, the US put the Shenzhen-based maker of telecommunications gear on a blacklist over concerns it ...

Bloomberg Renault, Nissan Motor and Mitsubishi Motors should take time and discuss the future of their alliance with “serenity,” said Jean-Dominique Senard, chairman of the French car company in the three-way tie-up. “Every company in the world must reflect on its future and the best way to strengthen itself, and in the case of an alliance, how to optimise it,” ...

Bloomberg China’s latest trade figures provide a fresh look at how commodity flows to the world’s largest importer are changing amid restrictions affecting farm to energy products. While the April data, released on Saturday, preceded the recent escalation of the US-China trade war, shifts in shipment trends were already underway, given the rising tensions between the Asian nation and some ...

Bloomberg The sugar industry in India, which jostles with Brazil as the world’s top producer, is likely to continue to benefit from significant government support after a landslide victory for PM Narendra Modi. This scenario may weigh on raw sugar futures in New York, which are already near the lowest in about seven months. In his first five-year term, Modi’s ...

Bloomberg Malaysia is in discussions with China-based contractors for compensation relating to pipeline projects worth 9.4 billion ringgit ($2.24 billion). The government is negotiating with China Petroleum Pipeline Engineering Co and Huanqiu Project Management Beijing Co on the total compensation to be paid by Suria Strategic Energy Resources Sdn, which was overseeing the projects, for the termination of the work, ...

Bloomberg The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. The proposal, laid out in a Federal Register notice released, would let US-based companies seek anti-subsidy tariffs on products from countries found by the US Treasury Department to be engaging in ...