International News

Bloomberg Investment intentions among UK firms slumped to the lowest in eight years, just one of the measures of economic health that weakened “considerably” amid recent Brexit turmoil, according to the British Chambers of Commerce (BCC). The balance of services businesses reporting an increase in export sales stood at zero in the first quarter, its weakest level since 2009, the ...

Bloomberg Fresh off reports that it’s exploring a venture with PSA Group to build cars in Europe, the chairman of Fiat Chrysler Automobiles (FCA) said the automaker will remain an active player in helping to shape an automotive industry being transformed by technology. John Elkann, the chairman and chief executive officer of Exor NV, wrote in a letter to shareholders ...

Bloomberg Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, IMF Managing Director Christine Lagarde said. The global economy has weakened since the International Monetary Fund last updated its forecast in late January, though a recession isn’t likely in the near term, Lagarde said in remarks prepared for a speech ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

Bloomberg Last September, two months before his arrest in Tokyo, then Nissan Motor Chairman Carlos Ghosn and the carmaker’s chief executive officer considered bringing in a new partner for the alliance with Renault SA and Mitsubishi Motors Corp, according to an email. At the time, Ghosn was under pressure to make the three-way automobile alliance “irreversible.” In a message to ...

Bloomberg Sentiment at Asia’s factories stabilised in March as a rebound in China buoys the region. Japan’s Nikkei and IHS Markit manufacturing purchasing managers’ index for March rose to 49.2 from 48.9 in February, helped by a lift in new orders. South Korea’s PMI rose to 48.8 from 47.2 in the previous month. Still, both readings remain below 50, signalling ...

Bloomberg The Chinese government said it will extend a suspension of retaliatory tariffs on US autos and include the opioid fentanyl in a list of controlled substances, two steps that could generate a positive atmosphere for trade negotiations due to resume this week. Beijing temporarily scrapped the 25 percent tariff imposed on vehicles as a tit-for-tat measure on January 1, ...

Bloomberg Singapore home prices fell for a second straight quarter, with values of luxury dwellings falling the most in almost a decade as property curbs imposed mid-last year took some heat out of the market. Private residential prices declined 0.6 percent in the three months ended on March 31 from the previous quarter, when they fell 0.1 percent, the Urban ...

Bloomberg DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest companies in logistics and freight forwarding. The board of directors of Panalpina recommended shareholders accept the mostly stock offer worth 196 Swiss francs a share, the companies said in a statement on Monday, confirming ...

Bloomberg Sweden’s government said risks stemming from the UK’s efforts to leave the European Union and global trade tensions are clouding its economic outlook, as it lowered growth and surplus forecasts for the years ahead. The center-left coalition ruling Scandinavia’s biggest economy said economic indicators show that growth will slow during 2019, making it more difficult to set ambitious budget ...