International News

Bloomberg The pound capped losses following a weekend of fruitless Brexit talks on conviction that the UK and the European Union would eventually reach a deal to avoid a chaotic divorce. Sterling was little changed in mid-morning trading in London as people familiar with the matter said there would be no further attempt to resolve the impasse before an EU ...

Bloomberg Activist investor Carl Icahn has come out against Dell Technologies Inc.’s plan to return to public markets, arguing that the proposed transaction undervalues shares that track its stake in VMware Inc. The billionaire said he would solicit votes against the deal and potentially propose an alternative transaction allowing investors to cash out if they want. Icahn also disclosed in ...

Bloomberg With China’s economy slowing, banks under pressure to help invigorate growth are rushing to make room on their balance sheets for new lending. That’s unleashed a boom in a corner of the nation’s credit markets. Structured debt sales in China’s interbank bond market jumped in the last quarter to a record 300 billion yuan ($44 billion). Residential mortgage backed ...

Bloomberg A $4 billion border crossing between Hong Kong and Shenzhen will be delayed until the middle of next year as a key contractor, Leighton Contractors (Asia) Ltd., encounters problems, the South China Morning Post reported. The border control point in the northeastern New Territories was due to be finished this year, the SCMP reported on Sunday. Hong Kong’s government ...

Bloomberg A shadow bank’s defaults have pushed up borrowing costs in India and made it harder for smaller companies to get funding. Alternative lenders including a fund run by an ex-Goldman Sachs Group Inc. banker think they can help. Indian firms that are too small to borrow from banks have typically relied on loans from non-banking financial companies, which raise ...

Bloomberg Philippine Finance Secretary Carlos Dominguez said the economy will sustain growth exceeding 6 percent this year, as investment and infrastructure spending help counter the impact of higher interest rates. “We’re confident that we can weather the storms but we’re not complacent,” Dominguez said in an interview with Bloomberg Television in Bali, when asked about inflation. “Definitely, rising interest rates ...

Bloomberg Just more than a year ago, I ate at Nahm, in Bangkok—and walked out after paying barely $60 for a tasting menu that currently ranks 49th on the World’s 50 Best Restaurants list. My grand, five-star hotel, the Anantara Siam, with its gilded murals and landscaped courtyards, cost $150 a night, including a breakfast buffet that was truly fit ...

Bloomberg Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by US President Donald Trump. Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions ...

Bloomberg A pair of General Electric Co.’s most prominent critics is reminding investors that solving all of the company’s problems won’t be as simple as appointing a new CEO. The downtrodden manufacturer is weighed down by a deteriorating finance business and doesn’t have enough assets or cash-flow to pay down its liabilities, according to Steve Tusa, a JPMorgan Chase & ...

Bloomberg Walt Disney Co is looking at ways to accommodate a group of 21st Century Fox Inc bondholders that say they are being wronged by a bond exchange deal as the two companies prepare to combine, according to a person familiar with the matter. Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in ...