International News

Bloomberg German business sentiment soured further as signs of cooling foreign demand and rising trade tensions continued to drag on growth after a summer economic contraction. The Ifo institute’s gauge of corporate confidence in Europe’s largest economy fell to 102 in November from 102.8 in October. That’s the third straight decline and is likely to add to concerns among some ...

Bloomberg The end may be in sight for the euro’s worst run since 2015. The common currency will probably bottom out against the dollar in early next year, and rise from there as the US economic outperformance runs out of steam, undermining support for the greenback, according JPMorgan Chase & Co. It may hit a low of $1.11 in the ...

Bloomberg American farmers’ livelihoods are at risk from climate change as Midwestern grain yields are poised to tumble amid increasing temperatures and more extreme flooding and droughts, according to a new report. Rising heat, drought, wildfires and heavy downpours are expected to increasingly disrupt agricultural productivity in the US, according to a National Climate Assessment report. While some northern regions ...

Bloomberg The sudden downfall of Carlos Ghosn looks set to unleash a power struggle between Renault SA and Nissan Motor Co. over the alliance he oversaw for two decades. While both sides say they’re committed to the partnership, they’re already prepping for a battle over control of the world’s biggest car alliance, people familiar with their discussions said. And with ...

Bloomberg Tyson Foods Inc. is among the five firms still in the running for Asian and European chicken plants owned by BRF SA, people with direct knowledge said, asking not to be named because talks are private. Both Springdale, Arkansas-based Tyson and Sao Paulo-based BRF declined to comment. Binding offers for Thai poultry processor Golden Foods Siam and assets in ...

Bloomberg Malaysian financier Low Taek Jho’s appearance at a 1MDB board meeting was scrubbed from a government’s audit report on the troubled state firm, the auditor general said. The removal was done at the request of the then-principal secretary to former Prime Minister Najib Razak, a week before the document was presented to a select parliamentary committee in March 2016, ...

Bloomberg Online shopping in Singapore is lackluster even after Amazon Inc. debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way. With some of the nation’s biggest mall operators reporting falling rents and rising vacancies, landlords, just like those elsewhere in Asia and the US, are being forced to reposition. They’re making room ...

Bloomberg UK businesses stand to lose access to a $1.7 trillion public procurement market if signatories to a World Trade Organization (WTO) accord this week block Britain’s application for membership, which will lapse after it leaves the European Union in March. On November 27, the UK will seek admission to the 46-nation Government Procurement Agreement (GPA) in Geneva. Failure to ...

Bloomberg The US highway safety investigators are probing an alleged defect in 2.7 million pickups and sport utility vehicles built by General Motors Co that are getting into collisions because drivers are having trouble braking. The National Highway Traffic Safety Administration (NHTSA) opened an investigation of trucks and SUVs including GM’s best-selling Chevrolet Silverado after receiving 111 complaints from consumers. ...

Bloomberg Fiera Capital Corp’s property unit wants to go global. Quebec’s biggest publicly traded asset manager is looking to make its first real-estate foray outside of Canada by the start of the next decade to diversify its holdings, according to Pierre Pelletier, a senior vice president at the company. All of the Fiera Properties’ assets under management, which are valued ...