International News

Bloomberg The largest proxy advisory firm is recommending that investors reject two of Tesla Inc.’s board members, while also supporting a proposal to split the role of chairman and chief executive officer — jobs now held by Elon Musk, the public face of the electric-car maker. By opposing directors Antonio Gracias and James Murdoch, and seeking to install an independent ...

Bloomberg Vale SA, once the most generous dividend payer among major mining companies, may be poised to regain that status with its chief executive officer nearing debt targets and unwilling to hoard cash or rush into deals. Like others in the industry, the biggest producer of iron ore and nickel cut dividends to defend against a commodity downturn that eroded ...

Bloomberg Facebook Inc. doesn’t know how news organisations will fit into an initiative to provide transparency for political advertising on its social network. The company came up with a policy that puts news publishers in the same category as political publishers for the purposes of its new ad-transparency efforts. Facebook told media organisations they would have to verify their identities ...

Bloomberg China offered to reduce its trade surplus with the US by “at least $200 billion” in talks to head off a possible trade war, the director of the White House National Economic Council said. “The number’s a good number,” Larry Kudlow, President Donald Trump’s top economic adviser, told reporters at the White House. “I think just as important, they ...

Bloomberg Chinese telecom company ZTE Corp. will have to change its management, including by possibly appointing new board members, to win a reprieve from US sanctions that shut it off from key suppliers, the director of the White House National Economic Council said. “We’re not talking about letting them off scot-free by any stretch,” Larry Kudlow, President Donald Trump’s top ...

Bloomberg Toshiba Corp. got regulatory approval from China for the sale of its memory chip business, clearing the way for the 2 trillion yen ($18 billion) deal with a group led by Bain Capital. The sale of the semiconductor business will take place on June 1 after approval was gained from all necessary regulators, the Tokyo-based company said in a ...

Bloomberg NXP Semiconductors NV climbed after a report that regulators in China are looking more favorably upon the chipmaker’s proposed acquisition by Qualcomm Inc. The Wall Street Journal quoted an unidentified Beijing official as saying the deal’s approval is “looking more optimistic now.” NXP shares rose as much as 5.9 percent, the biggest gain since Monday. Representatives for Qualcomm and ...

Bloomberg India’s government counts on high-tech encryption, multi-layered authentication, and even 13-feet high walls to protect the world’s largest biometric database. But there’s no measure that prevents careless officials at government agencies from publishing the sensitive information online, exposing citizens to fraudsters and data misuse. The official website boasting Prime Minister Narendra Modi’s efforts to connect all Indian villages with ...

Bloomberg iZettle AB finalised its deal to be bought by PayPal Holdings Inc for $2.2 billion the evening before the Swedish fintech startup was set to price its shares in an initial public offering. It looked like an abrupt about-face for the company, which competes with Square Inc. and Canada’s Shopify Inc. On May 8 it announced it was seeking ...

Bloomberg The 30-year US Treasury yield rose to its highest level since 2015, showing that this year’s selloff has spread to the most-resilient part of the world’s biggest bond market. The yield on the long bond surpassed 3.2322 percent, the previous 2018 high set February 21, to reach 3.2379 percent, highest since July 2015. It follows the 10-year borrowing benchmark ...