International News

Bloomberg Almost three decades ago, BlackRock Inc. created software to obsessively monitor the then-fledgling firm’s financial risks. Now, after turning it into an essential tool on Wall Street, the firm is zeroing in another kind of client: financial advisers. The world’s largest asset manager is marketing its risk analytics software, known as Aladdin, to the army of wealth managers who ...

Bloomberg Private equity firm KKR & Co. will buy Envision Healthcare Corp. for $5.57 billion plus debt, after a lengthy sale process by the hospital staffing and surgical center company. Including debt, the all-cash purchase will value Envision at $9.9 billion, the health-care company said in a statement. Envision said the $46-a-share price represents a 32 percent premium to its ...

Bloomberg Facebook Inc. is facing more blowback for its decision to categorise the promotion of news articles as political content, with global publishers now urging Chief Executive Officer Mark Zuckerberg to change its policy. Seven trade groups representing media publishers and broadcast organis­ations in more than 120 countries including the New York Times, BBC.com and 21st Century Fox, sent a ...

Bloomberg The UK economy continued to create jobs at a healthy pace in the three months through April but wage growth unexpectedly slowed. The employment rate reac-hed a record-high 75.6 percent after economy added 146,000 jobs, more than the 120,000 predicted by economists. The jobless rate held at 4.2 percent, its lowest since 1975. However, a surprise moderation in the ...

Bloomberg With a government order to recall 774,000 vehicles in Europe, Daimler AG stands accused of having used illegal defeat device in its engines, while escaping the crushing cost of fines. The move follows consultations with the German government in Berlin on June 11, which Daimler Chief Executive Officer Dieter Zetsche called “constructive.” Transport Minister Andreas Scheuer for his part ...

Bloomberg B.N. Srikrishna is a genial, 77-year-old former Supreme Court judge who recites Shakespeare and Sanskrit scriptures with equal facility. But he’s making the likes of Google, Amazon and Facebook more than a little nervous. Srikrishna is leading the effort to draft new data-privacy laws for India that will regulate how tech giants from the US and elsewhere operate in ...

Bloomberg Xiaomi Corp. is considering raising about half of its proposed $10 billion initial public offering from mainland Chinese investors, people familiar with the matter said. The company may seek about $5 billion from the sale of Chinese depositary receipts and a similar amount from selling shares in Hong Kong, the people said, asking to not be identified as the ...

Bloomberg Vietnam said the groups behind June 10’s protests against proposed laws demonstrators view as curbing Internet freedom and favoring Chinese investors were trying to damage the country’s image, after the rare display of public activism reportedly turned violent. Thousands of demonstrators from Hanoi to Ho Chi Minh City rallied against draft cyber and economic-zone laws being considered by the ...

Bloomberg Elliott Capital Management urged Thyssenkrupp AG to negotiate a better steel joint venture with Tata Steel Ltd., increasing pressure on the German company’s management to deliver more favorable terms. In a letter to Thyssenkrupp management, Elliott highlighted the divergence in performance in Tata and Thyssenkrupp’s steel businesses. The weakness in Tata’s recent performance means that a tie-up is now ...

Bloomberg Cobalt is facing its first major test since an impending demand boom from electric vehicles triggered a two-year surge, with prices retreating in top consumer China amid signs there’s still enough material to go around. The price for cobalt sulfate — the chemical form used in car batteries and consumer electronics — fell to its lowest since January, and ...