International News

Bloomberg Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country. The Japanese carmaker aims to raise annual deliveries by 1 million units by 2022, with much of the growth coming from electrified models, Jun Seki, head of Nissan’s China ...

Bloomberg Lee Jae-yong is once again a free man following a surprise ruling on Monday from a Seoul court that suspended a prison sentence for bribery. Yet, for many in South Korea the Samsung heir’s victory is a setback to President Moon Jae-in’s pledge to curtail the power of the chaebol, the family-run businesses that have dominated the economy for ...

Bloomberg Indonesia’s economy grew slightly better than expected last quarter, supported by a pick-up in exports while consumer spending continued to disappoint. Stocks and the currency pared losses. Gross domestic product rose 5.2 percent in the fourth quarter from a year earlier. The median estimate of 17 economists surveyed by Bloomberg was 5.1 percent GDP fell 1.7 percent from the ...

Bloomberg Over decades, Toyota Motor Corp. built a corporate culture that was the envy of the manufacturing world. Now the auto industry’s most-emulated company is overhauling the way it brings its vaunted production system to every corner of the business. The automaker in January created a single group, staffed with 200 employees, to manage the Toyota Production System, centralising a ...

Bloomberg Palm oil exports from Indonesia to India, the world’s biggest buyer, will probably climb to the highest ever this year as strong demand counters higher import duties. Shipments of palm and kernel oils to India climbed 32 percent to record 7.6 million metric tons in 2017 from a year earlier, according to the Indonesian Palm Oil Association. Exports are ...

Bloomberg Chances for an immigration deal in Congress are dimming as Republicans and Democrats pull further apart and President Donald Trump threatens to walk away from any agreement that doesn’t meet his demands. The House and Senate return this week with only one major item on their agendas: Voting on another short-term spending bill to avoid a government shutdown after ...

Bloomberg Broadcom Ltd. plans to raise its bid for Qualcomm Inc. to around $120 billion, according to a person with knowledge of the matter, trying to force its target to come to the table in what would be the largest-ever technology deal. The chipmaker is considering lifting its offer to about $80 to $82 per Qualcomm share, the person said, ...

Bloomberg Britain’s services growth weakened more than expected at the start of the year, casting a cloud over the economy following some recent positive figures. IHS Markit’s Purchasing Managers Index fell to 53 in January from 54.2 in December. That’s the lowest since September 2016 and well below the 54.1 economists had forecast. Along with reports showing a slowdown in ...

Bloomberg Jaguar Land Rover’s lower sales in the US and Europe pulled down profit at parent Tata Motors Ltd. Net income was $187 million in the quarter through December, Tata Motors said. That compares with the 23.5 billion-rupee average of 15 analysts estimates compiled by Bloomberg. Profit before tax at its Jaguar Land Rover unit fell 25% to $271 million. ...

Bloomberg The modern office is starting to look more like a Rainforest Cafe than a place of business. Amazon.com Inc.’s new Seattle headquarters has 40,000 plants. Down the coast, every other floor in Samsung’s two-and-a-half-year-old San Jose office space is a garden. Alibaba Group Holding Ltd. wants all employees in its Hangzhou workplace to be no more than a one-minute ...