International News

Bloomberg Apple Inc.’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, ...

Bloomberg China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra, the form-fitting elastic material used in everything from jeans to yoga pants, people with knowledge of the matter said. The purchase from Koch Industries Inc. is part of the Chinese apparel producer’s goal to acquire leading global textile brands, one of the people ...

Bloomberg Gold imports by India, the world’s biggest consumer after China, dropped 31 percent in October from a year earlier, according to a person familiar with matter. Inbound shipments fell to 66.8 metric tons in October, from 96.7 tons, said the person, who asked not to be identified because the data aren’t public. The figure would leave imports for the ...

Bloomberg Toyota Motor Corp. raised its annual profit forecast for a second time this year, helped by a weaker yen and US sales that outpaced Ford Motor Co. In the three months to September, Toyota took a 15 percent share in the US—its biggest market—for the first time since 2009. Toyota outsold Ford every month in the quarter, with the ...

Bloomberg India’s Tata Motors Ltd., owner of luxury car brand Jaguar Land Rover, is raising funds from the international syndicated loan markets after a gap of almost two years in a bid to lock in one of the lowest borrowing costs for a non-investment grade borrower. Tata Motors is marketing a 640 million-pound facility at 104 basis points more than ...

Bloomberg With their anxiety spiraling over Brexit, Britain’s business leaders weren’t impressed by the pitch from the Conservative premier— or the Labour leader who wants her job. “The way that they’re managing the economy right now, the Conservative Party is a shambles,” Advanced Computer Software Group Chief Executive Officer Gordon Wilson said in an interview. As for opposition leader Jeremy ...

Bloomberg BMW AG lost ground to global luxury-car leader Mercedes-Benz as profits from carmaking fell while the euro’s gains prompted the manufacturer to reduce its forecast for automotive revenue. Amid increased spending to refresh and expand its car lineup, BMW is now predicting a “slight” gain in 2017 auto revenue, compared with its previous forecast for a “solid” increase, the ...

Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. ...

Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a ...

Bloomberg NetEase Inc., China’s second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the US, Europe and Japan to sell to local consumers. The company’s Kaola e-commerce business will buy about $11 billion of inventory over the next three years from the US, Europe and Japan to woo customers with everything ...