International News

Bloomberg Shares of drugmaker Bristol-Myers Squibb Co. gained, with acquisition target Celgene Corp. falling after activist hedge fund Starboard Value was said to have taken a stake in Bristol-Myers. The size of Starboard’s stake and any plans that Jeff Smith’s hedge fund might have for its investment in the $81 billion drugmaker couldn’t immediately be learned when Bloomberg reported the ...

Bloomberg Panalpina Welttransport Holding AG’s largest shareholder rejected a $4.2 billion offer from Denmark’s DSV A/S, saying the Swiss air-cargo company would do better with its own expansion plan. The Panalpina committee of the Ernst Goehner Foundation, which holds 45.9 percent of the stock, said in a statement it “supports Panalpina’s board of directors in pursuing an independent growth strategy ...

Bloomberg Europe’s scooter startups Tier Mobility and Voi Technology AB have held early-stage discussions to combine their operations, in response to the impact of larger US rivals on the continent, according to people familiar with the discussions. The talks, which started in November, recently stalled after Voi concluded that it could continue its growth independently, one person said. All of ...

Bloomberg Canadian crude weakened after two critical oil pipelines remained partially shut amid an investigation into a possible leak in Missouri. Heavy Western Canadian Select for March traded at $10.30 below the calendar average for West Texas Intermediate crude futures, compared with a $9.40 discount, according to data from Net Energy Exchange. Prices weakened as shutdowns of TransCanada Corp.’s Keystone ...

Bloomberg Investors will be hoping the US and China can put trade talks back on the road to a deal after President Donald Trump said he’s unlikely to meet President Xi Jinping before a March 1 deadline to avert higher American tariffs on Chinese goods. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are leading a group of administration ...

Bloomberg A Malaysian vessel and a Greek-registered bulk carrier collided in Singapore territorial waters off Tuas on Saturday, according to a statement from the Maritime and Port Authority of Singapore, which said it was “deeply concerned” by the intrusion. Malaysia’s Ministry of Foreign Affairs said that the Greek vessel and its crew have been detained, the Straits Times reported. The ...

Bloomberg Former Malaysian leader Najib Razak isn’t lying low ahead of his trial this week for graft and embezzlement, as he increasingly takes to social media to poke fun at the current government and attempts to shore up support after being ostracised by his own party. Crisp, tailored suits have recently made way for hoodies and khakis in photos of ...

Bloomberg Encounters with wild elephants have been responsible for more than 1,700 deaths in India over the last four years, prompting the government to step up measures to minimise potential clashes with humans. Between 2015 and 2018, the government paid out about 2.26 billion rupees in compensation for loss of life and damage to crops and property as a result ...

Bloomberg Australian investors are set to receive a boost in dividend payouts this month as companies rush to avoid a looming overhaul of tax rules if there’s a change of government. The main opposition Labor party, which is favorite to win elections expected in May, is pledging to tighten so-called franking rules, under which shareholders reduce their overall tax liability. ...

Bloomberg Indonesia is set to make halal labeling mandatory for consumer products and services this year with the government assuming greater control of the certifying process from the Muslim-majority nation’s Islamic cleric council. Issuing halal certificates to consumer goods from shampoos to toothpaste and cosmetics may net the government about 22.5 trillion rupiah ($1.6 billion) in annual revenue, said Sukoso, ...