International News

Bloomberg Lenders dumped shares of Anil Ambani group companies they held as collateral after their market value plummeted about 126 billion rupees ($1.8 billion) this month, adding to the litany of woes plaguing the Indian billionaire. Creditors sold a total 5.5 billion shares in four companies — Reliance Power Ltd., Reliance Infrastructure Ltd., Reliance Communications Ltd. and Reliance Capital Ltd. ...

Bloomberg Sony Corp. is buying back as much as 100 billion yen ($910 million) of its own shares, the electronics maker’s first-ever large scale repurchase. The shares rose as much as 4.8 percent in early trading in Tokyo after announcing the buyback, which will start on Tuesday and last through March 22. This is the first share repurchase aimed at ...

Bloomberg The China slowdown sending tremors through the business world has resulted in the biggest record loss in India’s corporate history. Tata Motors Ltd. shares had their biggest drop in 26 years in Mumbai trading after the company unveiled a writedown in its luxury Jaguar Land Rover Automotive Plc unit. The decline of as much as 30 percent was the ...

Bloomberg India’s biggest foreign-owned money manager expects the nation’s economic growth and company earnings to be insulated from national elections even as stock market volatility increases in the run-up to voting. “Elections can only boost or dampen sentiment depending on the news flow, but they won’t massively impact the underlying earnings and economic growth of India,” said Anand Radhakrishnan, chief ...

Bloomberg China’s upstart e-commerce company Pinduoduo Inc. (PDD) and its shareholders filed to sell more than 50 million shares in a secondary offering that could raise about $1.5 billion after the company’s public debut last year. The Shanghai-based company plans to sell 37 million American depository shares, while investors market 14.8 million, according to a securities filing. Its shares closed ...

Bloomberg Indonesia’s economy grew faster than economists expected last quarter, showing resilience in the face of a series of interest-rate hikes and weaker global demand. Gross domestic product (GDP) rose 5.18 percent in the fourth quarter from a year ago, compared with the 5.1 percent median estimate in a Bloomberg survey of economists. That took expansion for the whole year ...

Bloomberg China’s back buying more US soybeans just days after the last round of purchases by the world’s top importer. State-run buyer Cofco Corp. bought almost 1 million metric tons of the oilseed, while Sinograin purchased more than a million tons, the two companies said in separate statements. That follows an announcement that they had purchased 2 million tons from ...

Bloomberg SoftBank Group Corp. is buying back as much as 600 billion yen ($5.5 billion) of stock, as founder Masayoshi Son steps up efforts to close the disparity between what he thinks the company is worth versus its market value. Proceeds from the 2.4 trillion yen initial public offering (IPO) of its telecommunications business in December will be used to ...

Bloomberg Every time Bangkok fruit seller Veerachai Roopsuwanakul tries to buy an air purifier, he gets the same response: “Out of stock.” “We never imagined the air could get so bad,” said Veerachai, who now wears a face mask to filter out dust. “We can’t find a purifier in shops or online.” The Thai capital is grappling with a second ...

Bloomberg Guaranteed jobs, health care, and housing are in a draft of the Green New Deal environmental package set to be unveiled by Democrats this week, but the proposal doesn’t explicitly include the ban on fossil fuels called for by some supporters. Instead, the draft of the much anticipated resolution being crafted by Democrats Alexandria Ocasio-Cortez, a New York representative, ...