International News

Bloomberg Ukraine is countering a slump in wheat sales to India by selling record amounts to Indonesia, Southeast Asia’s largest economy. Shipments to India, the biggest market for Ukrainian wheat in 2016-17, have sunk so far this year as a bounceback in the Asian country’s production helped it become more self-reliant again. “This is a real change,” said Sergey Feofilov, ...

Bloomberg Malvinder Singh and Shivinder Singh must pay Daiichi Sankyo Co. $550 million awarded in an arbitration over the sale of a drugmaker controlled by the brothers, an Indian court ruled. The verdict was pronounced by a single-judge bench of Justice Jayant Nath of the Delhi High Court. He rejected all objections raised by the Singh brothers and said the ...

Bloomberg China’s sweeping push to increase international trade and infrastructure investment will likely get a boost this year from government support and better financial conditions in recipient countries, according to Morgan Stanley. Investment to nations along the route of President Xi Jinping’s signature Belt and Road Initiative will grow at an annual pace of 14 percent between 2018 and 2020, ...

Bloomberg Fujifilm Holdings Corp. is gaining control of Xerox Corp. in a deal that would create an $18 billion company and see the iconic American corporate giant launching into new lines of business to seek global growth. The deal would combine Xerox, which has a market value of $8.3 billion, with a joint venture the company operates with Fujifilm, according ...

Bloomberg A deepening slump in US motorcycle demand is spurring more job cuts and a plant closure at Harley-Davidson Inc., a company President Donald Trump has cast as a model American manufacturer. The Milwaukee-based motorcycle maker will close its factory in Kansas City, Missouri, and consolidate production in York, Pennsylvania, according to a statement. The restructuring will eliminate about 260 ...

Bloomberg Google officially closed its $1.1 billion deal with HTC Corp., adding more than 2,000 smartphone specialists in Taiwan to help the search giant chase Apple Inc. in the cut-throat premium handset market. The deal will help Google design more of its own consumer hardware and could set it up to wade deeper into special-purpose chips—like Apple. Google’s most recent ...

Bloomberg The robots are coming—this time, to a dairy farm near you. It wasn’t long ago that cow-milking robots were a novelty in the US, but today, automation is showing up on more farms. One of the big factors spurring the trend: more than half of all workers on dairy farms are immigrants, and the Trump Administration’s hard-line policy stances ...

Bloomberg Volvo AB boosted its forecast for truck markets in the US and Europe this year as low fuel prices and interest rates push demand, a development that’s expected to put more strain on an already tight supply chain. The shares rose the most in three months. The world’s second-biggest truckmaker raised its expectation for industrywide North American deliveries by ...

Bloomberg Businesses waiting for Indian Prime Minister Narendra Modi to follow through on a pledge to cut corporate taxes may need to wait a bit longer. In his last full budget before 2019 elections, Modi is facing a revenue squeeze that may make it difficult to deliver on a promise to lower the basic corporate tax rate over time to ...

Bloomberg Palm oil production in Indonesia will probably climb to a record this year as wet weather boosts yields in the world’s top grower. Output will increase 10 percent in 2018, Togar Sitanggang, secretary-general of the Indonesian Palm Oil Association, said, without providing a more specific forecast. Production climbed about 18 percent in 2017 to a record 38.2 million metric ...