International News

Bloomberg China Tower Corp., the state-owned wireless infrastructure operator, has attracted Hillhouse Capital and a unit of Alibaba Group Holding Ltd. as investors in its planned Hong Kong initial public offering, people with knowledge of the matter said. Hillhouse funds and Taobao China Holding Ltd. are among the 10 firms that agreed to buy about $1.4 billion of stock as ...

Bloomberg Taiwan Semiconductor Manufacturing Co. climbed the most in almost three years as investors focussed on its prediction that the outlook for high-priced devices would be strong in the second half. Shares in the world’s largest contract chipmaker rose 5.8 percent to NT$237.50 in Taipei. Executives said they expected demand for premium devices — such as Apple Inc.’s iPhone — ...

Bloomberg Peter Thiel is considering strategies to invest in Chinese startups as US venture capital firms seek a piece of the country’s fast growing technology sector, people familiar with the matter said. The conservative billionaire is weighing different approaches for investment, including raising a fund directly or through a partnership, two of the people said, asking not to be identified ...

Bloomberg Toyota Motor Corp. may stop importing some models into the US if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analysing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, ...

Bloomberg Tata Motors, owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the matter said. The carmaker has started preliminary discussions with a private equity firm that expressed interest in buying a stake in Singapore-headquartered Tata ...

Bloomberg SoftBank Vision Fund is seeking to invest almost $1 billion in China’s SenseTime Group Ltd. as it seeks a stake in the world’s most valuable artificial intelligence (AI) startup, people familiar with the matter said. The fund, created by SoftBank Group Corp., and SenseTime are still finalising terms of the deal and the details could still change, the people ...

Bloomberg Malaysian Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about 5 percent as the export-reliant nation braces for knock-on effects of a brewing trade war. “If the global economy slows, as a trading nation, definitely Malaysia will be impacted,” Lim said in an interview with Bloomberg Television. His forecast is more bearish ...

Bloomberg India’s government is holding up Facebook Inc.’s plans for a nationwide launch of its WhatsApp payments service over concerns about how users’ data will be stored and other issues, according to people familiar with the matter. The country’s Ministry of Electronics and Information Technology, or MEITY, has asked WhatsApp and its partner banks to supply more details about the ...

Bloomberg President Donald Trump said he’s ‘ready to go’ with $500 billion in tariffs on Chinese imports, saying the US has been taken advantage of for too long. “I’m not doing this for politics. I’m doing this to do the right thing for our country,” Trump said in a CNBC interview. “We are being taken advantage of and I don’t ...

Bloomberg Delegates at the Group of 20 meeting of finance ministers and central bank chiefs began the delicate task of addressing growing trade tensions without upsetting US President Donald Trump. Negotiators drafting the summit’s final statement in Buenos Aires worked on language that would reiterate a positive global economic outlook while highlighting risks, including the escalating dispute over trade, according ...