International News

Bloomberg A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of cashews by a single ...

Bloomberg Apart from culture, food and a super-efficient rail system, one of the things that most impresses travellers to Japan are its convenience stores, bursting with sushi and ready-made food available at all hours. Well, maybe not for long. The 24-hour “conbini” experience is starting to show cracks as a labour shortage in the world’s third-biggest economy forces operators to ...

Bloomberg Taiwan’s Kwang Yang Motor Co Ltd will invest 1 billion pesos ($19.3 million) in a new motorcycle plant in the Philippines where the traffic logjam is boosting demand for bikes. KYMCO Philippines Inc’s new plant will boost its monthly capacity to at least 6,000 motorbikes when it opens in 2023, President Allan Santiago said at a briefing in Manila. ...

Bloomberg Investors could get their first look at hundreds of pages of detailed information about Uber Technologies Inc. as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering. The global ride-hailing company will kick off a road show to market shares to potential investors this month and would begin trading publicly in ...

Bloomberg UK manufacturers and their counterparts across the European Union said they’re “woefully” unprepared for a no-deal Brexit, and called on the bloc to avoid Britain leaving without an agreement. “Neither the EU nor the UK are ready, and as a consequence European industry is also not adequately prepared, for this cliff-edge scenario,” manufacturing lobby groups MakeUK and Ceemet said ...

Bloomberg The UK economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government. Gross domestic product rose 0.2 percent in February after a 0.5 percent jump in January. That means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March. That’s more than double ...

Bloomberg BioTek Instruments Inc., a closely held US medical device maker, is exploring options including a sale amid interest from rivals and investment firms, according to people familiar with the matter. BioTek could be valued at about $1 billion in a sale, said the people, asking not to be identified because the matter is private. Health care companies and investment ...

Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...

Bloomberg In the next few months, anyone will be able to buy stock in Slack Technologies Inc. In the meantime, wealthy investors are paying big premiums to snap up shares of the workplace software maker on private markets. Investors are buying stock in some cases for more than double the price of Slack’s last fundraising round in August, which valued ...

Bloomberg Carlos Ghosn lashed out at Nissan Motor Co’s top ranks for playing “a very dirty game” by orchestrating his arrests in Japan and his ouster from its global alliance with Renault SA and Mitsubishi Motors Corp. Speaking in a video recorded before he was detained again, the former chairman of the three automakers said some Nissan executives conspired to ...