International News

Bloomberg A potential megadeal between Chinese wireless carriers could give a boost to two companies half a world away: T-Mobile US Inc. and Sprint Corp. China United Network Communications Group Co. is said to be exploring a merger with China Telecommunications Corp., a transaction that would unite the country’s second- and third-largest carriers. The Chinese deal would be part of ...

Bloomberg US workers may be finally getting a pay raise — and perhaps more importantly, they’re earning it by becoming more efficient. Average hourly earnings for private workers increased 2.9 percent in August from a year earlier, the most since the recession ended in mid-2009, the Labor Department said. The gains were broad-based, ranging from manufacturing to retail. The fatter ...

Bloomberg Volkswagen AG Chief Financial Officer Frank Witter was asked this week whether the world’s largest carmaker would be open to selling shares in the luxury-car unit that includes Porsche and Lamborghini. He didn’t say no to the option, which could potentially unlock billions of dollars in value for Volkswagen investors. “It is a legitimate question, without a doubt,” Witter ...

Bloomberg Facebook Inc. is suing BlackBerry Ltd. for patent infringement, escalating the legal battle between the two companies over protected technology. In a 118-page complaint filed filed in San Francisco federal court, Facebook accused BlackBerry of stealing its voice messaging technology, among other patented processes. Facebook is seeking unspecified damages for infringement of six patents. BlackBerry didn’t immediately respond to ...

Bloomberg The unraveling of one of India’s most storied business empires has caused a rupture in its founding family, with one of the Singh brothers — synonymous with each other for decades — saying he has sued the other for alleged “oppression and mismanagement” of their companies. In a statement, Shivinder Singh said he filed a case with India’s National ...

Bloomberg Toyota Motor Corp. is recalling more than a million of its Prius and C-HR compact crossover vehicles globally due to the risk of fire. Of the 1.03 million affected vehicles, 554,000 will be called back in Japan and 192,000 in the US, according to Jean-Yves Jault, a company spokesman. There has been one reported case of a vehicle emitting ...

Bloomberg The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened. Just three bids were submitted for the Jalan Jurong Kechil site in the island’s northwest, compared to 24 received in April last year for the nearby Toh Tuck Road plot. Only five offers were tendered ...

Bloomberg Zijin Mining Group Co., a Chinese gold and base metals producer, agreed to buy Nevsun Resources Ltd. for $1.41 billion in cash, just days after winning a tender for a Serbian copper miner. The Fujian-based company will acquire all of the issued and outstanding shares of Nevsun for C$6 per share in cash, they said. The cash consideration represents ...

Bloomberg A bullet train linking Singapore and Kuala Lumpur won’t be a reality for at least a decade as Malaysia’s Prime Minister Mahathir Mohamad seeks to pare his nation’s debt and review projects signed off by his predecessor Najib Razak. The neighbours agreed to delay kicking off work on the 350-kilometre (218 miles), multibillion dollar link until the end of ...

Bloomberg Regions around Osaka, Japan’s second biggest population centre, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s main airport closed. Kansai International Airport, a key transport and cargo hub that lies on an artificial island in Osaka Bay almost directly in the typhoon’s path, ...