International News

Bloomberg Japan’s machine tool orders fell 29 percent in February from a year earlier, the biggest drop since October 2009, adding to signals that a global slowdown is hitting the world’s third-largest economy. While the gauge is volatile, the latest drop is the fifth straight and marks an acceleration in the decline, according to data from the Japan Machine Tool ...

Bloomberg The Philippines is facing further budget delays that threaten to cut growth and stall infrastructure projects as lawmakers continue to fight over their share in the spending plan. Approval of the 3.76-trillion peso ($71.9 billion) budget may be delayed to August, Senate President Vicente Sotto said. He threatened to block its transmittal to President Rodrigo Duterte for final approval ...

Bloomberg Japan Inc. is pushing back after years of pressure to give bigger pay raises that has been a key part of Prime Minister Shinzo Abe’s campaign to restore stable economic growth. While wages have never reached the level sought by Abe, the results from annual wage talks to be released later this week are expected to show even smaller ...

Bloomberg Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. plan to form a single board that will oversee their alliance’s governance and operations, according to people familiar with the matter, as the automakers try to streamline their decision making following the arrest of Carlos Ghosn. The group will replace two separate Amsterdam-based alliance entities, Renault-Nissan BV and Nissan-Mitsubishi BV, ...

Bloomberg Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd. for $6.9 billion, gaining expertise to help it push into the growing market for data center components. Santa Clara, California-based Nvidia is paying $125 a share in cash for the company, which makes chips used to speed the flow of information across computer servers. That’s a 14 percent premium to ...

Bloomberg Barrick Gold Corp. is withdrawing its $17.8 billion hostile takeover bid for New- mont Mining Corp., with the companies opting instead to forge a joint venture around their Nevada projects. The change came weeks after Barrick proposed an all-share offer that would have created the world’s largest gold producer. After Newmont’s board rejected the bid, Newmont Chief Executive Officer ...

Bloomberg Google controls many of the ways businesses access customers online in the US, making it almost impossible to run a company without buying advertising from the internet giant. As politicians increase scrutiny of large technology companies, Google’s lock on these digital relationships is becoming a potential liability, not just a lucrative advantage praised each quarter by Wall Street analysts. ...

Bloomberg Twitter Inc. added to efforts to address concerns over privacy protection on social media. In a tweet from its safety handle, the company announced an update to its abuse reporting functions, allowing users to specify personal information issues, with a GIF showing step-by-step instructions. The social media company earlier in the day tweeted an image on its main account ...

Bloomberg The US labour market may not be as weak as February’s payrolls number suggested, but the report provides a reality check that a long-forecast slowdown is arriving. Employers added 20,000 jobs during the month, the fewest since September 2017, missing all economist estimates and bucking a recent trend of strong February readings. Analysts said the unexpectedly low figure doesn’t ...

Bloomberg China and the US have reached consensus on many “crucial” issues and have discussed the need to observe the “autonomy” of each other’s monetary policy, People’s Bank of China (PBOC) Governor Yi Gang said. “The two sides discussed issues surrounding the yuan including the need to abide by previous commitments made by Group of 20 nations not to engage ...