International News

Bloomberg Itoham Foods Inc. the biggest exporter of Japan’s premium Wagyu beef, expects shipments to climb to a record as demand from Taiwan is set to triple and exports to Brazil may begin. The unit of Itoham Yonekyu Holdings Inc. predicts exports may increase to 2.9 billion yen ($26.6 million) in the year starting April 1 from 2.5 billion yen, ...

Bloomberg Vingroup JSC, Vietnam’s biggest property company by market value, is planning a spinoff of its luxury residential arm that could raise as much as $1 billion, people with knowledge of the matter said. The company’s Vinhomes unit, which offers serviced apartments and villas to residents in the country’s biggest cities, could sell shares as soon as the first half ...

Bloomberg The diamond industry has a size problem. Instead of splashing out on a ring or necklace featuring one big, bright diamond, shoppers are increasingly choosing pieces with several, smaller gems, which are often lower quality. And selling jewelry with smaller stones has been a good way for retailers to save money. As a result, the diamond content in jewelry ...

Bloomberg India’s wheat imports are set to surge as lower plantings and poor rain threaten output in the world’s biggest grower after China. Imports may total 3.5 million metric tons in the year from April 1, according analysts. That compares with the U.S. Department of Agriculture’s estimate of 2.5 million tons for 2017-18. Output is seen falling to a three-year ...

Bloomberg Brexit negotiations broke up in acrimony when the European Union’s chief negotiator raised the prospect of the UK crashing out of the bloc next year into a legal limbo. Michel Barnier’s comments provoked an angry reaction in London, and the pound fell. Barnier said he was waiting to hear what the UK wanted to achieve from the talks and ...

Bloomberg Tesla Inc. has all the tools to meet its planned Model 3 production rate in the first quarter. The problem is that a key to its future battery manufacturing is still in Germany. The electric-car maker — which still plans to make about 2,500 of the cars a week by the end of March — designed a new automated ...

Bloomberg UK factory production extended its record run in December, capping the strongest year since 2014. Manufacturing rose 0.3 percent from November, the Office for National Statistics said. Overall industrial output slumped a larger-than-forecast 1.3 percent after the closure of a key North Sea pipeline led to a steep drop in oil output. Separate figures show construction output rose 1.6 ...

Bloomberg A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders profit at the world’s biggest shipping company will grow as much as 43 percent in 2018. Maersk opened about 5 percent lower in Copenhagen, making it the day’s worst performer on Denmark’s index of benchmark stocks. In a note to clients, Clarksons Platou said Maersk ...

Bloomberg Uber Technologies Inc. agreed to give Waymo about $245 million in closely held stock to cut short a trade-secret theft trial, ending a high-stakes conflict that already cost the ride-hailing giant its top driverless car engineer and threatened to further embarrass the company. The deal will give the Alphabet Inc. driverless-car unit 0.34 percent of Uber equity, Waymo said. ...

Bloomberg India’s push towards universal health-care has Prime Minister Narendra Modi’s political opponents worried, a top government adviser said. Modi’s government announced a plan to provide health insurance to 100 million poor families, which would cover about 40 percent of the population. India plans to cover the entire population “sooner than later,” according to Rajiv Kumar, vice chairman of the ...