International News

Bloomberg Hyundai Motor Co increased its operating profit for the first time in six quarters, helped by strong demand for new sport utility vehicles (SUV) and decreasing incentive spending in the US. First-quarter operating profit climbed to 824.9 billion won ($718 million), compared with the average analyst estimate of 777.3 billion won. After defeating activist Elliott Management Corp in a ...

Bloomberg President Donald Trump is seriously considering waiving the requirement that only US flagged vessels can move goods from American ports to Puerto Rico or energy-starved areas of the Northeast, according to people familiar with the deliberations. The issue was debated during an Oval Office meeting, following requests from Puerto Rico and pressure from oil industry leaders to ease the ...

Bloomberg The UK government is borrowing less than at any time since turn of the millennium, fuelling pressure on Chancellor Philip Hammond to end austerity. The budget deficit in the fiscal year through March fell to 24.7 billion pounds ($32 billion), or 1.2 percent of gross domestic product, the Office for National Statistics said on Wednesday. That’s the least since ...

Bloomberg Swiss drugmaker Novartis AG is plotting a faster course after spinning off its Alcon eye-care business. Earnings excluding some items are expected to increase by a high single-digit percentage, the Basel, Switzerland-based company said on Wednesday, raising its guidance. Adjusted earnings per share beat analysts’ estimates in the first quarter. The stock rose as much as 2.8 percent in ...

Bloomberg Key gauges of confidence in the euro area’s two largest economies unexpectedly deteriorated, signalling that a long-expected rebound may still be some way off. Manufacturing has been at the heart of economic weakness in Germany, fed by fears of protectionist trade policies and weakening global demand. In France, disruption caused by Yellow Vest protests has damped growth momentum. Consumers ...

Bloomberg Bayer AG is facing mounting opposition ahead of what’s shaping up to be its most contentious annual meeting in years, with influential shareholders faulting management for failing to foresee the risks of the company’s biggest deal ever. A growing number of shareholders have said they won’t support executives and supervisory board members in a no-confidence vote at Friday’s annual ...

Bloomberg Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman who once led the alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp. Using foreign corporate entities in 2017 and 2018, Nissan lost $5 million that was funneled into accounts controlled by Ghosn, ...

Bloomberg Chinese regulators have sketched out new requirements for videogame approvals following a year of scrutiny, providing more clarity to Tencent Holdings Ltd and other players struggling with a crackdown in the world’s largest gaming market. The State Administration of Press, Publication, Radio, Film and Television issued notices that detailed the documentation and processes required to get games approved for ...

Bloomberg Following Dyson’s plans late last year to manufacture its first electric car in Singapore, the city-state is now in talks with other makers of green vehicles to set up shop on the island. Singapore is pitching its connectivity to global markets through free-trade agreements, its high-skilled workforce and stringent protection of intellectual property, which is critical for the industry, ...

Bloomberg Tesla Inc said it’s looking into a fire in Shanghai involving one of its vehicles after a video of a car bursting into flames was circulated on social media in China. The US electric-car maker has sent a team to Shanghai and is in touch with local authorities, Tesla said on its official Sina Weibo account. As far as ...