International News

Bloomberg After eating the dust of its German rival for past three years, BMW AG is getting a faster start off the line in early 2019. BMW sales rose 2.9 percent in March and were roughly flat in the first quarter, as surging demand for X3 compact crossovers helped the brand surpass Daimler AG’s Mercedes-Benz. A slump for the small ...

Bloomberg Most major automakers capped the first quarter with declining US sales again in March, as the sugar high from last year’s tax cuts wore off and the economy lost steam. Fiat Chrysler Automobiles NV, Nissan Motor Co and Toyota Motor Corp each reported deliveries dropped for the month and are down year-to-date. General Motors Co, which releases results only ...

Bloomberg Foxconn Technology Group is within weeks of starting trial production of the latest iPhones in India as Apple Inc seeks to revive its fortunes in the country, people familiar with the matter said. The trial run of the iPhone X range of devices would come before Foxconn starts full-scale assembly at its factory outside the southern city of Chennai, ...

Bloomberg Thyssenkrupp AG and Tata Steel Ltd have offered to sell assets in Belgium, Spain and the UK to win antitrust approval for a European steel joint venture, according to a person familiar with the matter. The two companies proposed divesting two automotive steel plants in Spain and Belgium to meet demands by European regulators, said the person, who asked ...

Bloomberg Boqii Co, a Chinese online pet shop backed by Goldman Sachs Group Inc, is planning an initial public offering that could raise at least $100 million, according to people with knowledge of the matter. The sale could happen this year, the people said, asking not to be identified. The Shanghai-based e-commerce startup is considering selling shares in Hong Kong ...

Bloomberg Tencent Holdings Ltd is planning to raise around $5 billion through a dollar bond sale on Wednesday, according to people familiar with the matter. China’s social media leader received an issuance quota of $6 billion from China’s National Development and Reform Commission, people who aren’t authorised to speak publicly and asked not to be identified said. Once priced this ...

Bloomberg China’s homegrown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs. China’s reactor, known as the Hualong One, will be faster and easier to repair and maintain than competing foreign designs because it will ...

Bloomberg The troubles are adding up for IHH Healthcare Bhd, wiping almost $800 million from its market value over three days. A whipsawing Turkish lira, a major shareholder cutting its stake, and continued uncertainty over a plan to buy Fortis Healthcare Ltd have led IHH to fall 6.6 percent over three days while the benchmark index was largely flat. IHH ...

Bloomberg European Union governments are struggling to reach consensus on a mandate to begin trade talks with the US, risking a delay that would further provoke Donald Trump’s ire after the bloc’s refusal to include agriculture in the negotiations. At a meeting of EU ambassadors in Brussels on Wednesday, France is expected to resist giving the European Commission the green ...

Bloomberg The European Union ordered the UK to claw back illegal tax breaks designed to lure multinationals to the nation — in a timely reminder that the EU still calls the shots on competition rules until Britain leaves the bloc. The European Commission targets the UK’s group financing exemption, which allows companies active in the country to pay little or ...