International News

Bloomberg Nestle SA is among companies exploring a purchase of Hain Celestial Group Inc., a US maker of organic and vegetarian food, according to people familiar with the matter, as the Swiss giant seeks to expand into healthier fare. The Vevey, Switzerland-based company has held preliminary talks about purchasing all or parts of Hain Celestial, said the people, who asked ...

Bloomberg France and the Netherlands won the contests to host two London-based European Union agencies in the first concrete political victories in the battle for Brexit spoils. The EU’s banking authority will move to Paris and the medicines regulator will relocate to Amsterdam by the time Britain departs from the 28-nation bloc in March 2019. The two cities emerged victorious ...

Bloomberg Cranberries might be a staple on Thanksgiving tables, but a glut of US supplies has gotten so large that fruit could be headed to the compost pile. Just as demand is hitting its seasonal peak, American processors are anxiously awaiting government approval that would allow them to turn excess fruit into fertiliser. The programme would be the first of ...

Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local ...

Bloomberg Reliance Communications (RCom) Ltd., the Indian mobile phone operator that defaulted on dollar bonds in the highest-profile debt failure since the country’s new bankruptcy code was passed, faces risks of insolvency if it can’t sell its assets at high enough valuations, according to SC Lowy Financial HK Ltd. “We think the valuations they have provided are optimistic,” said Mihir ...

Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila ...

Bloomberg Singapore’s beleaguered rail system can’t catch a break. Days after a software glitch caused a train collision that injured more than 30 people, lightning struck a train on the same line. Literally. A mass rapid transit train on the East-West Line was struck by lightning on Monday afternoon, causing delays in journey times, The Straits Times reported. The lightning ...

Bloomberg Britain’s productivity malaise may find a solution from the unlikeliest of places—Brexit. Poor productivity has long been the bane of the UK, with output per worker far below the Group-of-Seven average and successive predictions for a recovery since the financial crisis failing to materialise. Still, according to UBS Wealth Management economist Dean Turner, Britain’s exit from the European Union ...

Bloomberg Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there. “We would be very interested in evaluating an offer that begins with an 8,” said Daniel O’Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund, which owns Qualcomm stock. The board ...

Bloomberg Marvell Technology Group, a chipmaker looking to build itself a future outside of a declining area of the market, has agreed to buy Cavium Inc. for about $6 billion. The buyer will pay $40 in cash plus 2.1757 Marvell common shares for each Cavium share, according to a statement Monday. Marvell plans to use $1.75 billion in debt financing ...