International News

Bloomberg Disappointing earnings may not be over for Taiwan companies, dragged by waning demand for Apple Inc.’s flagship iPhone and deteriorating relations between the island’s two biggest trade partners. Net income for companies on the Taiex index is expected to drop 9.2 percent on-year this quarter after undershooting estimates in the three months through September, the first miss since the ...

Bloomberg Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese behemoth’s $1 billion-Global Voyager Fund led the investment round, the companies said in a statement on Monday, which didn’t disclose additional terms. The deal values the Berlin-based ...

Bloomberg TNG FinTech Group Inc., a Hong Kong-based digital wallet operator, plans to seek as much as $300 million in a US initial public offering, according to people familiar with the matter. The company, whose investors include billionaire Henry Cheng’s NWS Holdings Ltd., is working with advisers on preparations for the proposed share sale, according to the people. It aims ...

Bloomberg China is starting an anti-dumping investigation on imports of Australian barley, sending a signal the world’s top commodity buyer may be increasing scrutiny of one of its most important suppliers. The one-year probe will start on Monday, and could be extended to May 19, 2020, according to a statement on the Ministry of Commerce’s website. Australian barley is being ...

Bloomberg The surprise resignation of an Indian tech billionaire has pulled corporate India deeper into the #MeToo firestorm that’s been sweeping through the American business community for more than a year. Walmart Inc. announced that Flipkart co-founder Binny Bansal was leaving the company after an independent probe into allegations of assault. While Bansal denies any wrongdoing and the investigators didn’t ...

Bloomberg A glut of sugar from India, the world’s second-largest producer, has hit the London exchange as traders sold the sweetener to settle the expiration of December futures. ED&F Man Holdings Ltd. took delivery of about 350,000 metric tons of white sugar, with Singapore-based trader Wilmar International Ltd. selling the majority, said people familiar with the process, who asked not ...

Bloomberg Volvo Cars’ performance electric-vehicle brand sees China as its greatest opportunity even as it’s set to face stiff competition from Tesla Inc. The unit, Polestar Performance AB, expects to get as much as half of its sales from the country after it rolls out three models by 2021, said Thomas Ingenlath, the brand’s global chief, at the Guangzhou auto ...

Bloomberg Better watch out Kentucky Fried Chicken, Jollibee is planning to eat into your markets. Jollibee Foods Corp. wants to expand to 150 stores in the US in five years from 37 branches now, Chief Executive Officer Ernesto Tanmantiong said. The company also plans 100 additional stores in Canada as part of a push to land in the world’s top ...

Bloomberg Palladium prices are shattering record highs, and investors are betting that tight supplies mean the bull run is just getting started. The metal, used in pollution-control devices in cars, has jumped almost 9 percent this year in New York, the best performance among major metals. Demand is roaring thanks to China, which is on a mission to reduce smog ...

Bloomberg US Vice President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at a regional summit, showing that neither country appears to be giving ground in an escalating trade war. Xi received applause on Saturday when he told the Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea that implementing tariffs and breaking up supply ...