International News

Bloomberg US hiring was the weakest in more than a year while wage gains were the fastest of the expansion and the unemployment rate fell, a possible sign that America’s jobs engine is starting to slow down. Treasuries rose while the dollar and stock futures fell. Nonfarm payrolls increased by 20,000 after an upwardly revised 311,000 gain the prior month, ...

Bloomberg The US and China are edging closer to resolving differences on currencies that have bogged down economic talks for nearly two decades. The only question is how meaningful the deal will be. With both nations inching towards a trade agreement that’s expected to include a provision for China to hold the yuan stable, US President Donald Trump is shifting ...

Bloomberg China won’t make big concessions to the US in order to seal a trade deal, former finance minister Lou Jiwei said in Beijing on Wednesday, calling some US demands for change “unreasonable.” “China’s concessions probably won’t be very big because a lot of their demands are what we already plan to reform,” Lou, who was finance minister until 2016 ...

Bloomberg PT Mayora Indah, Indonesia’s largest listed consumer goods exporter, expects demand for its instant coffee and biscuits to drive a double digit growth in revenue during next five years. The company, which generates about half its revenue overseas, will boost instant coffee exports to Russia and Eastern European countries this year, said Ricky Afrianto, Mayora’s global marketing director. It ...

Bloomberg Carlos Ghosn walked out of a Tokyo prison on bail after 108 days in detention, vowing to fight allegations of financial crimes that could imprison the former Nissan Motor Co. chairman for as long as a decade. Flanked by police officers and wearing construction worker reflectors, a light blue baseball cap, a face mask and eyeglasses, Ghosn climbed into ...

Bloomberg Investors looking for opportunities to make money in India’s election year will most likely find them in the battered corner of the nation’s $2 trillion stock market: mid-cap shares. Mid- and small-sized companies are trading at a discount to their historical averages after the recent selloff, and the fund house plans to gradually boost its exposure to them relative ...

Bloomberg President Donald Trump regularly declares that he’s winning his trade wars. Yet evidence is growing that the US economy is a net loser so far. In two separate papers published over the weekend, some of the world’s leading trade economists declared Trump’s tariffs to be the most consequential trade experiment seen since the 1930 Smoot-Hawley tariffs blamed for worsening ...

Bloomberg A federal judge is requiring PG&E Corp. to abide by rules governing how the utility operates its power lines in California, seeking to reform what he described as “dismal” management that led to a series of destructive fires over the past two years. US District Judge William Alsup gave PG&E a March 22 deadline to present any arguments as ...

Bloomberg General Electric Co.’s new boss warned of additional cash problems at the ailing company, eroding confidence in a nascent turnaround and sending the shares tumbling. Cash flow from GE’s industrial operations will be negative this year as GE grapples with further challenges in its power business and other operational pressures, Chief Executive Officer Larry Culp said at an industry ...

Bloomberg Tesla Inc. Chief Executive Officer Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter. Many sales personnel first found out about the decision when Tesla published a public blog post, said the people, who asked ...