International News

Bloomberg Goldman Sachs Group Inc. is poised to receive $180 million in fees for managing Toshiba Corp.’s emergency share sale, according to a person with knowledge of the matter. The US firm is arranging the 600 billion yen private placement of new shares for loss-making Toshiba, which faces a March deadline from Tokyo’s exchange to reverse its negative equity or ...

Bloomberg The appointment of Dara Khosrowshahi as head of Uber Technologies Inc. this summer was supposed to mark the beginning of a new chapter. The company had been racing from one disaster to the next, leading to boycotts, lawsuits, criminal probes, an executive exodus and an investor-led mutiny against the co-founder. Somehow, the new chief executive officer keeps finding more ...

Bloomberg As UK consumers start to suffer from Brexit jitters, British retailers have extended the Black Friday discounts they borrowed from America over as much as two weeks to lure wary shoppers online and in stores. They need a push. The slide in the pound after the UK’s vote to leave the European Union has driven up the cost of ...

Bloomberg The UK regulator in charge of data privacy is looking into the major hack of Uber Technologies Inc.’s user data, opening up yet another front in the ride-hailing firm’s battle to manage one of its most successful markets. “Uber’s announcement about a concealed data breach last October raises huge concerns around its data protection policies and ethics,” James Dipple-Johnstone, ...

Bloomberg Ford Motor Co. and its Indian partner Mahindra & Mahindra Ltd. could create their own electric car line in the country to help battle pollution from the vehicles clogging India’s roads, Chairman Anand Mahindra said. Mahindra & Mahindra, which already sells the e2o micro electric car, would be open to creating a new electric vehicle line in India with ...

Bloomberg Hailing an Uber in India is a whole different game. Addresses are non-existent or rarely useful, while most people are using older smartphones in a place with limited mobile-data speeds. To tackle such challenges, Uber Technologies Inc. is rolling out new features in the world’s second-most populous nation. Customers can book rides on a new, lighter web-based version of ...

Bloomberg Chow Tai Fook Jewellery Group’s profit increased for a second consecutive six-month period as demand for gold products lifted sales at the world’s leading jewellery retailer. Net income rose 46 percent to $228 million in the six months through September, the Hong Kong-based company said in a statement on Tuesday. Revenue climbed 15 percent to HK$24.8 billion. The results ...

Bloomberg One of the world’s best-performing equity gauges is set for further gains in 2018 as tech giant Tencent Holdings Ltd. and consumer stocks drive it higher, according to Shanghai-based money manager Wang Menghai. The Hang Seng Index has led the charge among Asia’s biggest markets this year, rising 36 percent. Tencent, which has now overtaken Facebook Inc. in market ...

­­­­­­­­­­­Bloomberg The quest to renew NAFTA is slowing to a crawl as Canada and Mexico tiptoe around America’s most controversial proposals, throwing into doubt the ability of the three nations to reach a quick deal. The US is frustrated with the reluctance of Canada and Mexico to present counter-proposals on key issues such as regional content rules for cars, which ...

Bloomberg Guangzhou Automobile Group Co. (GAC) is in talks with Fiat Chrysler Automobiles NV to deepen their tie-up in China, as the world’s largest car market looks to relax some regulations and the Chinese maker prepares to sell its own Trumpchi brand in the US. Models, production and sales are at the core of the discussions with Fiat Chrysler, Guangzhou ...