International News

Bloomberg Spain’s Grupo Barcelo is considering an offer for HNA Group Co.’s $780 million stake in NH Hotel Group SA, people familiar with the matter said, setting up a potential challenge to Minor International Pcl’s pursuit of the hospitality operator. Closely held Barcelo is working with advisory firm Alantra Partners SA as it weighs a bid for the Chinese conglomerate’s ...

Bloomberg President Donald Trump ordered his energy secretary to take immediate action to stem power plant closures, arguing that a decline in coal and nuclear electricity is putting the nation’s security at risk. “Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our ...

Bloomberg Euro-area inflation hit the fastest pace in more than year, some good news for European Central Bank officials debating the future policy path just as turmoil in Italy revives memories of the debt crisis. The 1.9 percent rate, effectively in line with the ECB’s goal, was up from just 1.2 percent in April and above the 1.6 percent reading ...

Bloomberg Judging by some big boosts to US tracking forecasts following April merchandise-trade data and revised first-quarter growth, economists have turned decidedly more bullish about a pickup from the slow patch in early 2018. Analysts at Morgan Stanley raised their projection for second-quarter gross domestic product growth to a 3.3 percent annualised rate from 2.5 percent, while Macroeconomic Advisers by ...

Bloomberg Europe’s biggest debt collector, Intrum AB, says it doesn’t see the political turmoil in Italy hurting its business. “The way things look today, and” given “what we have on our books, we think that is very good debt,” said Louise Bergstrom, head of investor relations at the Stockholm-based company. Intrum, which operates in 24 countries, offers credit management services ...

Bloomberg Crispr Therapeutics AG plunged after the gene-editing company said a planned trial of its treatment to help people with sickle-cell disease was being put on hold by US regulators. Crispr is developing the therapy with Vertex Pharmaceuticals Inc., and the trial had yet to begin. The companies said in a statement that the Food and Drug Administration placed a ...

Bloomberg India’s government is looking for a company to analyse social media posts to help boost nationalism and neutralise any “media blitzkrieg by India’s adversaries.” In a lengthy tender posted online, India’s Ministry of Information and Broadcasting said it wants a company to provide analytical software and a team of at least 20 professionals to “power a real time New ...

Bloomberg India has been wooing Tesla Inc. to set up a factory on its soil, but billionaire Elon Musk isn’t falling for it. At least not yet. In a tweet, the CEO of the electric-vehicle maker said a restrictive policy environment in the South Asian country is proving to be a hurdle for local production. Earlier this month, the Palo ...

Bloomberg An Indian court halted bankruptcy proceedings ordered two weeks ago for Reliance Communications Ltd., or RCom, after the debt-laden wireless operator and the local unit of Ericsson AB agreed to settle a dispute over unpaid dues. The National Company Law Appellate Tribunal put a freeze on the 270-day insolvency process that had been triggered by a May 15 court ...

Bloomberg Malaysia will implement a new sales tax in September to replace the consumption levy that it’s scrapping next month as Prime Minister Mahathir Mohamad looks for ways to temper concerns on the nation’s budget. The government is studying a 10 percent rate for the sales and services tax, he told reporters in Putrajaya after a Cabinet meeting. Ministers also ...