International News

Bloomberg Stitch Fix Inc. initially soared before sinking back near its offer price in a downsized $120 million initial public offering that fell about a third short of its target. The online personal-styling service backed by Benchmark jumped almost 24 percent in its trading debut. After then dropping as much as 1.3 percent below the $15 offer price, the shares ...

Bloomberg Nearly two-thirds of the US vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto recall in US history. As of mid-September, 20 million vehicles containing defective Takata air bag inflators still haven’t been fixed, 64 percent of the 31.5 million vehicles containing the defective ...

Bloomberg For years, smaller nations in Asia have looked to the US to provide a counterweight to an increasingly powerful China. Under President Donald Trump, they are learning to fend for themselves. Trump declared his 12-day swing through Asia a success before heading home, saying that “all Countries dealing with us on TRADE know that the rules have changed.” On ...

Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, offered to buy all assets of its Singapore-listed trust RHT Health Trust for 46.5 billion rupees ($711 million). Shares of the health trust climbed the most on record. Fortis will acquire all of RHT’s Indian subsidiaries, a 49 percent interest in Fortis Hospotel Ltd., and the entire asset ...

Bloomberg Lupin Ltd., which makes generic antibiotics, antidepressants and heart medications for sale in the US, was warned by the Food and Drug Administration for repeatedly ignoring tests showing that pills made at two of its facilities didn’t meet quality standards. In 2015 and 2016, the FDA found 134 instances when drugs or active ingredients failed initial testing but the ...

Bloomberg AT&T Inc.’s $85.4 billion bid for entertainment titan Time Warner Inc. is where few imagined it would end up—hurtling towards a make-or-break moment in Washington with a pro-business Republican administration that shows signs it may reject the deal. Dallas-based AT&T is fighting an increasingly public battle with Justice Department antitrust officials, who have questioned whether the combined company would ...

Bloomberg German prosecutors raided Volkswagen AG’s headquarters in an investigation of whether the carmaker’s leadership agreed to excessive payments to its top labour representative. The search is part of a probe into remuneration of works council chief Bernd Osterloh, a Volkswagen spokesman said, declining to provide further details. Sascha Rueegg, a spokesman for prosecutors in Braunschweig, the legal administrative center ...

Bloomberg Nike Inc., which was cited in the so-called Paradise Papers for funneling billions of dollars into offshore tax havens, is now facing a push by organised labour to stop the practice. The AFL-CIO, a federation of 56 unions that represent 12.5 million workers, said it sent a shareholder proposal to the company. The document asks the world’s largest sports ...

Bloomberg UK unemployment held at a 42-year low in the third quarter but there are signs that the labour market is slowing as the number of people in work fell for the first time in a year. The jobless rate averaged 4.3 percent between July and September, the Office for National Statistics said. But employment fell by 14,000, the first ...

Bloomberg BMW AG’s plan to switch exclusively to green electricity finds it tapping some unusual power sources, including a South African biomass plant that runs on cow dung and chicken droppings. The arrangement is part of the carmaker’s bid to shift all its external power purchases to renewables by 2020, up from 63 percent last year, head of procurement Markus ...