International News

Bloomberg Xerox Corp. called off a $6.1 billion takeover by Fujifilm Holdings Corp. and parted ways with its chief executive officer, handing a major victory to activist investors Carl Icahn and Darwin Deason. In an agreement with the two investors, which together own about 13 percent of Xerox, the US office equipment supplier said CEO Jeff Jacobson will step down ...

Bloomberg More than 100 IBM executives will descend on Capitol Hill this week with a simple message for policy makers: don’t bring Europe’s new privacy regulations to the US. The Armonk, New York-based technology giant is making a sweeping new European privacy standard a top talking point in its conversations with lawmakers during the company’s annual trip to Congress. The ...

Bloomberg The UK’s biggest bond mutual fund is shifting money to the other side of the Atlantic as the interest-rate gap between Europe and the US widens to record levels. M&G Limited has boosted US holdings in its 23.4 billion pound ($32 billion) Optimal Income Fund this year to more than a third at the expense of positions in French, ...

Bloomberg Brookfield Asset Management Inc. offered A$4.35 billion ($3.3 billion) for Australian hospital operator Healthscope Ltd., topping a bid from private equity firm BGH Capital. The Canadian asset manager offered A$2.50 a share in cash, Healthscope said on Monday. That’s 23 percent more than the stock price on April 24, before BGH’s offer was disclosed. Healthscope said it will assess ...

Bloomberg Suitsupply is suiting up for expansion. The Dutch menswear seller may not yet be a household name outside of the millennial circuit, but it’s spending heavily to change that. It’s gone on a hiring spree to fill its senior ranks — including former executives from Bank of America to Tory Burch — and mapped out a plan for international ...

Bloomberg Ant Financial, the Chinese payments giant controlled by Jack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter. The Hangzhou-based company is said to be valued at about $150 billion in ...

Bloomberg Fullerton Healthcare Corp., the medical service provider that shelved plans for a Singapore initial public offering in 2016, is now aiming to sell shares in the US, people with knowledge of the matter said. The Singapore-based company is starting preparations for a US IPO that could take place as soon as this year, the people said, asking not to ...

Bloomberg Didi Chuxing, China’s biggest ride-hailing startup, will suspend its carpooling service for a week, citing an incident in the central city of Zhengzhou. The company will review operations of the Didi Hitch service from May 12, Didi said on its microblog. State media outlet CCTV has reported that a driver on the platform is suspected of killing a passenger ...

Bloomberg The world’s wealthiest family has just bestowed billionaire status on two of India’s most feted tech entrepreneurs. And wiped more than $4 billion from their own fortunes. Walmart Inc., controlled by the Walton family, led a group that bought a 77 percent stake in Flipkart Online Services Pvt. The deal valued the Indian company at about $21 billion. Flipkart ...

Bloomberg Users of Huawei Technologies’s mobile phones will be able to download Bitcoin wallets on their devices for the first time starting on Friday. Huawei, the world’s third-biggest handset maker, is releasing BTC.com’s Bitcoin wallet in its AppGallery, according to an e-mail statement by the company. The BTC.com wallet will be the first cryptocurrency app offered by Shenzhen-based Huawei. The ...