International News

Bloomberg It was supposed to be the crowning achievement of Malaysian tycoon T. Ananda Krishnan’s five-decade career. But his $7 billion bet on mobile carrier Aircel Ltd. may instead go down as one of the biggest-ever flops by a foreign investor in India, a stark reminder that doing business in the world’s fastest-growing major economy is often a lot tougher ...

Bloomberg Samsung Electronics Co.’s latest flagship smartphone isn’t the antidote to a stock slump that’s wiped more than $60 billion from the technology giant’s market value since November. That’s the thinking of investors like Sat Duhra, who helps manage $371 billion at Janus Henderson Investors. His fund has reduced holdings of Samsung and its South Korean industry peers amid concern ...

Bloomberg German chipmaker Infineon Technologies AG is teaming up with SAIC Motor Corp Ltd., China’s largest automaker by sales volume, to benefit from the quickly growing demand for electric cars in the country. Infineon and SAIC will set up a joint company to produce power modules for Chinese manufacturers of electric cars and plug-in hybrids, jointly investing at least $122 ...

Bloomberg Hyundai Motor Co. warned it may rethink how many vehicles it builds in the US, joining the world’s largest automakers in speaking out against US President Donald Trump’s crackdown on steel and aluminum imports. “Changes to the existing tariff structure could negatively impact our current US production and further expansion,” Jim Trainor, a Hyundai spokesman, said in an email. ...

Bloomberg In four years, Lenovo Group Ltd. went from would-be Apple Inc. challenger to an also-ran in smartphones and datacenter servers. Now it’s got a comeback plan, but some investors don’t buy it. China’s erstwhile tech darling, which lost its perch atop the PC market to HP Inc. in 2017, has shed two-thirds of its value since hitting a 15-year ...

Bloomberg President Donald Trump set the stage for a trade war after slapping tariffs on steel and aluminum imports, daring other countries to retaliate and leading the European Union to warn that it would target iconic American brands. Hours after Trump tweeted that “trade wars are good, and easy to win,” European Commission President Jean-Claude Juncker said the bloc is ...

Bloomberg Mothercare Plc has started talks with its lenders seeking a reprieve on debt terms amid challenging market conditions that have left it needing to borrow more. The UK-based childrenswear retailer will need to draw on existing debt facilities up to their limits while it seeks new financing in the next financial year, it said in a statement. HSBC Holdings ...

Bloomberg UK Prime Minister Theresa May’s vision for post-Brexit Britain would see some industries stay aligned with EU rules—with others breaking free entirely. Her plan could change how banks operate as well as raise costs for holidaymakers using their smartphones. Below are some key takeaways from her speech in central London. Financial Services UK-based banks and other financial services companies will ...

Bloomberg The Dutch IPO drought is over. With at least four confirmed initial public offerings in Amsterdam, 2018 is already looking twice as busy as all of 2017. Alfen Beheer BV, which makes charging stations for electrical vehicles, became the third company this week to announce its intention to list in Amsterdam, joining merchant bank NIBC Holding NV and wholesaler ...

Bloomberg The auto industry is warning that US sales declines, which have become routine over the past year, may continue thanks to the tariffs President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor Corp., which plans to build a new $1.6 billion factory in Alabama with Mazda Motor Corp., said the administration’s decision will “adversely impact” ...