International News

Bloomberg Comcast Corp sold bonds to finance its $39 billion acquisition of Sky Plc in one of the biggest corporate debt sales ever in the US. The Philadelphia-based cable giant sold $27 billion of unsecured bonds in 12 parts. The longest portion of the offering, a 40-year security, yields 1.75 percentage points above Treasuries, less than an initially discussed range ...

Bloomberg General Electric Co. may have to pay a little more the next time it wants to make payroll. The manufacturing giant lost the near-top credit ratings on its short-term debt. That downgrade will likely force the company to pay more to borrow in at least one credit market, namely the market for bonds known as commercial paper. GE relies ...

Bloomberg Suddenly, a no-deal Brexit is just one of the many unknowns pound traders need to contend with. Now the risk of a second referendum or even another UK election needs to be taken on board by investors. The biggest worry is still that Britain will crash out of the European Union without an economic agreement, with talks deadlocked and ...

Bloomberg Tesla Inc. shares dropped as much as 3.7 percent after the company reported third-quarter delivery and production figures that analysts described as solid, yet firmly within expectations. “Even bears expected an unusually strong third-quarter delivery result given extraordinary measures to produce, sell and deliver units,” according to Morgan Stanley analyst Adam Jonas. Tesla shares closed down 3.1 percent, after ...

Bloomberg Aston Martin’s trading debut floundered after investors balked at a valuation that had put the UK luxury carmaker on par with larger and more profitable Italian competitor Ferrari NV. The stock fell as much as 7.5 percent in London on Wednesday from its initial public offering price of 19 pounds ($24.70), a figure that gave the Gaydon, England-based company ...

Bloomberg Axiata Group Bhd.’s dream of building a carrier that spans southern Asia from Singapore to Pakistan, Indonesia and India is fading as it risks losing hold of overseas units to rivals. Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd. and Keppel Corp. to buy out its stake in M1 Ltd., the latest in a series ...

Bloomberg Jack Ma, the co-founder of Alibaba Group Holding Ltd. and China’s richest man, gave a dire warning that the escalating trade war with the US is going to be severe and long-lived. “It’s going to destroy not only China-US trade, it will destroy a lot of small businesses,” Ma said during a speech at the World Trade Organization on ...

Bloomberg Hong Kong’s securities regulator froze the assets of an unnamed chairman of a public company on suspicion of fraud totaling $1.3 billion. The person may have conducted two suspicious transactions to make significant profits, the Securities and Futures Commission (SFC) said in a statement dated September 17 but published to the city’s official Gazette. It did not name the ...

Bloomberg The Indian government, which seized control of debt-laden financier Infrastructure Leasing & Financial Services Ltd., (IL&FS) has pledged to ensure the beleaguered lender has the money to prevent further defaults. Superseding the board of IL&FS, which has defaulted on more than five of its obligations, was essential to restore the confidence of the financial markets, according to a statement ...

Bloomberg Japanese Prime Minister Shinzo Abe kept his economic team including Finance Minister Taro Aso and added several first-time cabinet members in a reshuffle following his election last month to a third-straight term as ruling party leader. The Japanese prime minister, who’s in position to become Japan’s longest-serving premier, has said he would prioritize a divisive effort to change the ...