International News

Bloomberg Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the billionaire CEO’s ability to keep his impulses in check and responsibly run a public company. The US Securities and Exchange Commission asked a judge to hold Musk in contempt for violating a settlement that required him to get Tesla ...

Bloomberg For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting that their limit has been reached. From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look. While seasonal effects explain some ...

Bloomberg Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes. The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100, Laksono Widodo, director of trading and ...

Bloomberg Huawei Technologies Co. announced a smartphone that unfolds into a small tablet computer, potentially rendering the need to carry two separate devices obsolete. The Mate X supports next-generation 5G networks and will cost $2,606 when released in the summer. It’s the second folding phone announced by a major manufacturer within a week. “We’ve been working on this folding screen ...

Bloomberg The stunning arrest, indictments and long incarceration of former Nissan Motor Co. Chief Executive Officer Carlos Ghosn have given pause to foreign executives considering taking on senior jobs at Japanese companies. As Ghosn enters his fourth month in jail and awaits a trial still several months away, the imprisonment of the Japanese business world’s most high-profile foreigner may stymie ...

Bloomberg Roche Holding AG will buy Spark Therapeutics Inc. for $4.8 billion, a deal that will transform the Swiss drugmaker from a laggard to a leader in the emerging field of gene therapy. Along with French biopharmaceutical company Ipsen SA’s agreement on Monday to acquire Clementia Pharmaceuticals Inc. for as much as $1.3 billion, the Roche deal shows how drug ...

Bloomberg Barrick Gold Corp, the Canadian mining giant, has amassed a small stake in US rival Newmont Mining Corp. and warned the company that it plans to propose changes to its bylaws, as it continues to weigh a hostile takeover attempt, according to people familiar with the matter. A letter was delivered to Newmont’s Greenwood Village, Colorado, headquarters informing the ...

Bloomberg Among the world’s biggest consumer companies, Europe’s Unilever NV, L’Oreal SA and Danone are best prepared for the effects of climate change relative to their peers, according to a report from the nonprofit CDP. Formerly known as the Carbon Disclosure Project, CDP took a double-barreled approach in ranking the 16 largest consumer companies on measures including exposure to emissions, ...

Bloomberg Germany’s services providers bolstered economic momentum in February, with a slump in manufacturing deepening on the back of global trade tensions and weakness in the auto industry. IHS Markit’s composite Purchasing Managers’ Index rose in February to a four-month high of 52.7. Owing exclusively to more optimism in services, business confidence was the best since September. Manufacturing suffered from ...

Bloomberg Microsoft Corp. is introducing an improved version of its HoloLens augmented-reality goggles and lowering the price, as it tries to develop a bigger business selling the devices to corporate customers. At $3,500, the HoloLens 2 with a wider field of view and easier controls than the original is still an expensive piece of gear, but it’s less than the ...