International News

Bloomberg A trade group representing US automakers urged the Trump administration to hold off further opening the American market to Japanese cars until Tokyo shows it’s committed to returning the favour. “We recommend the administration avoid making any concessions that would further open the US market to Japanese imports unless and until there is evidence that Japan is truly committed ...

Bloomberg UK markets were pummelled after Prime Minister Theresa May made an abrupt U-turn to delay the parliament’s vote on her Brexit divorce deal, sparking concerns that the country could exit the European Union without a deal. Sterling tumbled to its weakest level in 20 months, with analysts warning that the currency could slide to levels not seen since the ...

Bloomberg Tesla Inc plans to offer $837 million of bonds backed by auto leases in its second trip to the market for asset-backed securities this year. The electric-car maker is betting investors will look past broader market volatility to load up on the securities, which may sell as soon as this week, according to people familiar with the matter. The ...

Bloomberg Verizon Communications Inc said 10,400 employees, or about 6.8 percent of its total staff, were accepted for voluntary buyouts as the company looks to trim $10 billion from costs and retool for 5G wireless technology. The exit packages were available to as many as 44,000 Verizon employees, according to the statement. The buyout is the company’s second-largest, after a ...

Bloomberg US companies forecast a bright outlook for 2019, with gains across profit, employment and production, even as an escalation of the trade wars loom. Almost two-thirds of manufacturers and about 57 percent of service providers expect their revenue in 2019 to surpass 2018’s, though the gain may be smaller than this year’s increase, according to a semiannual survey by ...

Bloomberg Starboard Value is calling on Cars.com Inc to improve its performance or consider selling itself or making management changes, about nine months after the activist hedge fund reached a settlement agreement with the online auto-dealing platform. “If shareholders do not see progress soon, then we believe it would be incumbent upon the board to take more substantive actions,” Starboard ...

Bloomberg Carlos Ghosn and Nissan Motor Co. were indicted in Japan for understating the high-flying car executive’s income by $43 million, as Tokyo prosecutors pushed ahead with the criminal investigation that has shaken the global auto industry. Former Nissan representative director Greg Kelly was also indicted, three weeks after he and Ghosn were arrested in Japan and accused of financial ...

Bloomberg Reliance Jio Infocomm Ltd., the mobile operator backed by India’s richest man Mukesh Ambani, could be No. 1 in the market in revenue terms by 2021 as it adds more subscribers, said Sanford C. Bernstein & Co. analysts Chris Lane and Samuel Chen. Industry-leading rivals Bharti Airtel Ltd. and Vodafone Idea Ltd. lack the “stomach” to battle Reliance Industries ...

Bloomberg China accused Canada of violating a bilateral agreement by failing to speedily inform its consulate of the arrest of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou, as tensions between the nations continue to escalate. “According to the China-Canada consular agreement, if a Chinese citizen is arrested by the Canadian government, the Canadian government should immediately notify the Chinese ...

Bloomberg Vivendi SA, the French conglomerate backed by billionaire Vincent Bollore, is competing with Argyle Street Management to invest in the television operations of Indonesia’s largest media company PT Global Mediacom, people with knowledge of the matter said. Vivendi’s broadcasting arm Canal+ is in early talks to spend more than $400 million buying stakes in two units of Global Mediacom, ...