International News

Bloomberg Snap Inc.’s CEO Evan Spiegel is poised to become one of the highest-paid US executives for 2017, thanks to a $636.6 million stock grant he got when his company went public. The Venice, California-based maker of the Snapchat photo-sharing app awarded Spiegel shares equal to 3 percent of the outstanding capital stock when the initial public offering closed in ...

Bloomberg HP Inc., the world’s largest personal-computer maker, topped analysts’ revenue estimates with strong computer and printer sales during the holiday shopping quarter, maintaining its momentum even as the industry stagnates. The Palo Alto, California-based company notched its sixth consecutive quarter of revenue growth, buoyed by ­higher sales across all product lines in the period that ended on January 31, ...

Bloomberg Dropbox Inc., the file-sharing company that’s been privately valued at $10 billion, filed for a US initial public offering, saying it was at scale and capable of moving fast. The company filed with an offering size of $500 million, according to a filing with the US Securities and Exchange Commission. That amount is a placeholder and is likely to ...

Bloomberg YouTube is hitting the pause button on its Hollywood expansion. As Netflix Inc. and Amazon.com Inc. pour ever-larger sums into TV and movie production, Google is holding spending at current levels for its YouTube Red streaming service for the next two years, people with knowledge of the matter said. That’s leading producers to question the company’s strategy. Google often ...

Bloomberg General Motors Co. has offered a $2.8 billion new investment plan for its South Korean business after threatening to exit the country amid mounting losses, a lawmaker from the nation’s ruling party said. The investment, being proposed for the next 10 years in South Korea, is needed to produce new models, for research and development, to renovate facilities and ...

Bloomberg Nissan Motor Co. may get a boost from a deepening relationship with Japan’s biggest trading house as access to battery materials becomes a priority amid the industry’s push into electric vehicles. Mitsubishi Corp. said it plans to double its stake in Mitsubishi Motors Corp., of which Nissan is the biggest shareholder. The trading company, which also owns mining assets, ...

Bloomberg Singapore remains a competitive destination for businesses even though it’s raising taxes and maintaining some restrictions on foreign workers, Minister for Trade and Industry S. Iswaran said. “When you take into account the whole scheme of taxes, including corporate tax regimes, personal tax regimes, I think Singapore still remains a competitive destination in relative terms,” Iswaran said. “We never ...

Bloomberg SoftBank Group Corp. is working with Nomura Holdings Inc. as it makes early preparations for an initial public offering of its domestic telecom business that could raise more than 2 trillion yen ($19 billion), said people with knowledge of the matter. SoftBank is considering marketing most of the offering to Japanese individuals, said the people, who asked not to ...

Bloomberg In a sign of the times, the organisation that speaks for and champions India’s $167 billion IT services industry will soon get its first female head. Intel Corp. veteran Debjani Ghosh takes over as president of the National Association of Software and Services Companies (NASSCOM) in April—three decades after its formation. After a two-decade career at the US chipmaker, ...

Bloomberg Hong Kong’s equity investors are rekindling their love for the newcomers. Four of the city’s recent listings surged on Wednesday after failing to hold on to their debut pops in 2017. Razer Inc. soared as much as 24 percent, while online car-financing provider Yixin Group Ltd. jumped 6 percent. E-book publisher China Literature Ltd. and ZhongAn Online P&C Insurance ...