International News

Bloomberg Some of Asia’s biggest infrastructure investors are seeing plenty of opportunities in India. In China’s mammoth Belt-and-Road initiative, however, not so much. India is a key market for Macquarie Group thanks to strong economic growth and state asset sales, said Frank Kwok, co-head of Asia Pacific at Macquarie Infrastructure & Real Assets. Hence its recent purchase of nine toll-roads ...

Bloomberg Didi Chuxing is overhauling safety measures across its business after a female customer of its Hitch carpooling service was allegedly murdered by a driver using its app in China. Hitch has been marketed as a social ride-sharing service, allowing drivers and passengers to label or rate each other by appearance. Such features attracted criticism as the platform was rife ...

Bloomberg PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia. Under the partnership, Jakarta-based Alpha JWC will contribute as much as $5 million in funding for PayPal Incubator, said Alpha JWC Managing Partner Will Ongkowidjaja. After being selected by PayPal and Alpha JWC senior ...

Bloomberg Tata Steel Ltd.’s plan to double its production capacity in five years received a boost after an Indian court gave its final approval for the purchase of the assets of Bhushan Steel Ltd., Tata’s biggest buy since Corus Group Plc. The two-judge tribunal rejected objections to Tata’s bid from Bhushan creditor Larsen & Toubro Ltd. and the steel company’s ...

Bloomberg China Tower Corp., the state-owned wireless infrastructure operator, filed for an initial public offering (IPO) in Hong Kong that could match the city’s biggest since 2010. While the world’s largest telecom tower service provider didn’t give a fund-raising target or proposed timing of the sale in its filing dated Monday, the IPO may raise about $10 billion, people with ...

Bloomberg Apple Inc. Chief Executive Officer Tim Cook said he criticised Donald Trump’s approach to trade with China in a recent White House meeting, while urging the president to address the legal status of immigrants known as Dreamers. In an interview on Bloomberg Television, Cook said his message to Trump focussed on the importance of trade and how cooperation between ...

Bloomberg Tencent Holdings Ltd. is back below HK$400 as investors await its quarterly earnings. The shares slumped 3.4 percent on Tuesday for the biggest drag on the Hang Seng Index, taking its losses since a record in January to $95 billion. Whether it’s just a case of profit taking after a five-day rally, whispers about quarterly numbers, or just index ...

Bloomberg An influential proxy adviser joined Elliott Management Corp. in opposing an $8.8 billion deal between two Hyundai Motor Group units, complicating the automotive giant’s ability to get shareholders to vote for an overhaul that may help the chairman pass control of the South Korean conglomerate to his son. Glass Lewis & Co., which provides voting advice for more than ...

Bloomberg US companies and business groups are lining up to oppose the Trump administration’s plan to slap tariffs on Chinese imports, as the two nations step up efforts to resolve their trade dispute. About 120 firms and industry groups are scheduled to testify at a hearing on the administration’s plan to impose tariffs on $50 billion in Chinese goods. So ...

Bloomberg Economic growth slowed across Europe at the start of the year, with Germany seeing its pace of expansion cut in half amid weaker trade. The 0.3 percent increase in Europe’s largest economy was softer than forecast and the weakest in more than a year. Dutch and Portuguese growth also cooled more than expected in the first quarter, while a ...