International News

Bloomberg Japan’s aluminum industry is calling on President Donald Trump to rethink his plan to levy a 10 percent tariff on all imports of the metal, saying the action would hurt the country’s sales and could spill over into other industries, triggering a rise in global protectionism. “Our biggest concern is that individual producers in this country will lose business,” ...

Bloomberg India’s benchmark equity index reopened after a local holiday and clocked its steepest decline in over three weeks as investors weighed the potential impact of America’s plans to impose stiff tariffs on steel and aluminum imports. The benchmark S&P BSE Sensex fell for a fourth session, slipping 0.9 percent to 33,746.78 in Mumbai, in line with most Asian peers. ...

Bloomberg Technology companies and service providers are questioning key parts of Hong Kong’s plan to allow dual-class shares, just as firms including Xiaomi Corp. and Tencent Music Entertainment Group are considering going public. Hong Kong Exchanges & Clearing Ltd. wants to change its rules so that company founders can stay in control after their firms list, but the proposals may ...

Bloomberg Siemens AG will press ahead with an initial public offering of its health-care unit that could value it between 26 billion euros ($32 billion) and 31 billion euros as Chief Executive Officer Joe Kaeser unloads another key business at Europe’s largest engineering company. The IPO of a 15 percent stake in Siemens Healthineers is planned for March 16, the ...

Bloomberg Axa SA agreed to buy XL Group Ltd. for $15.3 billion in cash, the biggest-ever European acquisition of a US insurer, sending its shares plunging. The French firm fell the most since June 2016, with analyst Daniel Bischof of Baader Helvea AG saying the deal has a sound logic but the price is at the upper end of expectations. ...

Bloomberg The Trump administration shows scant sign of watering down its plan to impose stiff tariffs on steel and aluminum imports with carve-outs for specific countries, despite opposition from US allies and Republican lawmakers. The president’s trade advisers fanned out across television news shows to defend the move, saying it was necessary to ensure the survival of the domestic steel ...

Bloomberg Prime Minister Theresa May will urge developers to “do their duty” and build more UK houses, threatening that those who delay construction after winning planning permission will find it harder to get permits in the future. Conscious that the all-consuming Brexit project is defining her government, May is trying to address concerns about rising housing costs that led many ...

Bloomberg The Geneva International Motor Show is known as a staging ground for the glitzy luxury models that swaddle the wealthy and deliver them in style. This year’s no exception, with a new version of the Bentley Bentayga SUV, Bugatti’s $2.6 million Chiron and the Ferrari special-edition 488 Pista among the cars that will jostle for photographers’ attention. But a ...

Bloomberg UK services activity grew more than expected in February, supporting economic growth and keeping alive the prospect of an interest-rate increase within months. IHS Markit’s Purchasing Managers Index for the biggest part of the economy jumped to 54.5— a four-month high—from 53 in January. That’s well above the 53.3 reading forecast by economists in a Bloomberg survey. The report ...

Bloomberg China will host US officials for a new round of dialogue on trade issues, Vice Foreign Minister Zhang Yesui said at a briefing, as tensions rise between the world’s two largest economies. Zhang, who is also spokesman for the National People’s Congress, said that China doesn’t want a trade war but wouldn’t allow its interests to be harmed. He ...