International News

Bloomberg UK companies are at “breaking point” over the lack of clarity on Brexit, and are slowing down their investments as they await answers to key questions surrounding Britain’s departure from the European Union, one of the country’s main business lobby groups said. Business confidence and investment intentions will continue to deteriorate until Prime Minister Theresa May ends the bickering ...

Bloomberg Glencore Plc tumbled the most in two years after US authorities demanded documents relating to possible corruption and money laundering. The world’s biggest commodity trader said on Tuesday that it’s been subpoenaed by the US Department of Justice to hand over documents related to the Foreign Corrupt Practices Act and US money laundering statutes. The documents relate to the ...

Bloomberg Interpublic Group of Cos, one of the world’s largest advertising companies, agreed to acquire Acxiom Corp.’s mark- eting-services unit for $2.3 billion, gaining tools to help clients sift through data to reach potential customers. Acxiom expects to receive $1.7 billion in net proceeds, according to a statement. The company plans to repay debt, buy back stock and reinvest in ...

Bloomberg Allianz SE plans to buy back as much as 1 billion euros ($1.16 billion) of its shares amid an abundance of capital and returns crimped by low interest rates. Europe’s biggest insurer will buy back as much as 41.5 million shares July 4 to Sept. 30 and cancel all repurchased shares, the company said in a statement. The buyback ...

Bloomberg Apple and Facebook have figured out how to keep us glued to their devices and platforms. But they haven’t figured out how to curb the misinformation that plagued them during the 2016 election and have struggled to regain public trust. And now, in the run-up to the 2018 midterms, they certainly don’t agree on a solution. Last week, Apple ...

Bloomberg Germany’s Thyssenkrupp AG and India’s Tata Steel Ltd. reached a final agreement to set up a European steel company with equal share of ownership, more than nine months after signing a memorandum of understanding to establish the venture. The proposed name of the new company is Thyssenkrupp Tata Steel B.V., focussing on high-quality flat steel production, the companies said ...

Bloomberg Billionaire Anil Agarwal added to a string of commodities deals with plans to buy out minority investors in Vedanta Resources Plc, the resources group that he’s seeking to transform into one of the world’s largest. Agarwal’s Volcan Investments Ltd. will offer 825 pence a share for the 33.5 percent of Vedanta it doesn’t already own and plans to cancel ...

Bloomberg Nissan Motor Co. abandoned a $1 billion deal to sell its electric-battery business because the prospective buyer failed to raise the money required. The Japanese automaker cancelled the sale to GSR Capital, saying in a statement on Monday the Chinese private-equity firm didn’t have sufficient funds. Nissan and GSR were due to close the transaction by June 29. The ...

Bloomberg Embedded in the sleek metallic and cypress interior of Takeda Pharmaceutical Co.’s new global headquarters in Tokyo are stylised Japanese characters for words like life, water and light. Melding futuristic design with traditional Japanese elements highlights the balancing act facing Chief Executive Officer Christophe Weber: showing he can honour the 237-year-old drugmaker’s Japanese heritage as he tries to complete ...

Bloomberg Dell Technologies Inc, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multi-year turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Round Rock, Texas-based Dell said in a filing on Monday. The shares, currently worth about ...