International News

Bloomberg Indonesia’s rupiah weakened past 15,000 per dollar for the first time in 20 years as sentiment towards emerging-nation assets soured and oil prices jumped. The currency has tumbled almost 10 percent this year as rising US interest rates have boosted the dollar and Indonesia’s current-account deficit has left the economy exposed to the financial turmoil that afflicted Turkey and ...

Bloomberg With a Nafta deal on the table — and a bullet dodged for the auto sector — the clock is ticking for the next key trade talks for Canada’s steel and aluminum industries. After a marathon weekend of discussions, negotiators secured a deal to replace the 24-year-old Nafta agreement just before the deadline. However, the steel and aluminum tariffs ...

Bloomberg After months of negative news, American farmers rejoiced as the US finally secured a trade deal with both Canada and Mexico. The pact comes just as US growers are harvesting mammoth corn and soybean crops and domestic meat production balloons. The outlook for big supplies combined with trade tensions, especially with China, had sparked a prolonged rout for agriculture ...

Bloomberg The UK government envisages a post-Brexit immigration system that treats all nations equally, but gives ministers the flexibility to tailor rules for countries striking trade deals. High-skilled workers will be prioritised and low-skilled immigration curbed under new rules announced by Prime Minister Theresa May on Tuesday, a day before her leader’s speech at the Conservative Party annual conference. May ...

Bloomberg BMW AG has packed its revamped 3-Series sedan with tech gadgetry like smartphone entry, auto-reverse and an in-car assistant that learns drivers’ routines, aimed at delivering a crucial sales bump after growth slowed. The best-selling model, unveiled at the Paris car show and available in March, demonstrates how manufacturers have moved away from luring customers with luxurious trimmings and ...

Bloomberg America’s tech hub is leading the country in wage growth, according to a new report. San Francisco saw wages rise 3.9 percent since last September, bringing median base pay to $70,361 per year, according to Glassdoor Inc.’s Local Pay Report, which tracks wage growth for certain full-time employees in 10 cities thro-ugh an analysis of anony- mous salary data. ...

Bloomberg When Nissan Motor Co.’s redesigned Altima flagship goes on sale this week, it will pound another nail in the coffin of sedans built by companies based in and around Detroit — the city that invented the whole idea of family cars. Fiat Chrysler Automobiles NV stopped building sedans in the US two years ago. Ford Motor Co. plans to ...

Bloomberg The US and Canada’s trade deal could spell relief for car manufacturers thousands of miles across the ocean. Toyota Motor Corp. and Honda Motor Co. are among the automakers that would have the most to lose by any additional tariffs, as the Japanese giants build vehicles in Canada for the US market. Those include the RAV4, Toyota’s best-selling sport ...

Bloomberg China has drafted sweeping regulations targeting online travel agencies and platforms based in the country after a deadly boating accident involving Chinese tourists in Thailand fueled claims of lax oversight, according to a person familiar with the matter. The regulation by China’s Ministry of Culture and Tourism would mandate that online travel providers improve rescue and emergency plans, better ...

Bloomberg On August 28, 2000, Apple’s hottest product was a candy-coloured computer, Donald Trump was a New York real estate mogul and General Electric was worth some $600 billion. Apple and Trump have gone on to greater things. GE? It’s on the verge of a staggering milestone: a half-trillion dollars in market value wiped out since that all-time high 18 ...