International News

Bloomberg Secretary of State Rex Tillerson laid out the Trump administration’s vision for the US role in South Asia, arguing for greater US economic influence and military ties as he praised an “emerging Delhi-Washington strategic partnership” as an anchor for stability. Tillerson’s speech on Wednesday, a rare policy address for America’s top diplomat since he took office more than eight ...

Bloomberg Qudian Inc., a Chinese online loan provider, jumped in its trading debut after pricing the fourth-biggest US initial public offering this year. Qudian rose as much as 48 percent and was up 32 percent to $31.60 at 11:50 am on Wednesday in New York. The company raised $900 million, selling 37.5 million American depositary shares for $24 apiece, according ...

Bloomberg UK unemployment held at a 42-year low in the three months through August and the number of people in work approached a record high, according the figures published. The latest snapshot of the labour market from the Office for National Statistics may help to explain why the Bank of England appears to be edging towards its first interest-rate increase ...

Bloomberg The days when Venmo was just known as the app for splitting dinner bills with friends are over. PayPal Inc.’s peer-to-peer payments service can now be used to make mobile purchases at more than 2 million US retailers, an effort to broaden Venmo’s appeal and bring in more money. The announcement significantly expands the app’s reach in stores, up ...

Bloomberg Amazon.com Inc., EBay Inc. and other online marketplaces are failing to take seriously online tax fraud by vendors using their platforms, a panel of UK lawmakers said, calling on the companies to work with the government’s tax authority to tackle the problem. The tax agency, Her Majesty’s Revenue and Customs, has been too timid in using its powers and ...

Bloomberg HelloFresh, the meal-kit startup backed by Rocket Internet SE that plans an initial public offering in Frankfurt, is telling investors that it’s set to overtake its rival Blue Apron Inc. in the US in the near term. HelloFresh generated sales of $169 million in the US in the second quarter, up from 120 million euros in the first three ...

Bloomberg After more than five years of declining sales, IBM says it will finally show investors it can grow again. Some of that boost will come from one of the company’s legacy hardware businesses, rather than the new services such as cloud and data analytics on which IBM has been pinning its growth prospects. Fourth-quarter revenue is projected to be ...

Bloomberg While competitors race to catch up with Netflix Inc., the largest online TV service in the world is adhering to a simple strategy to maintain its lead: you have to spend money to make money. The streaming pioneer will deploy as much as $8 billion on programming next year, as much as a third more than in 2017. The ...

Bloomberg Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20 billion of megadeals are being pushed to next year. State-owned China Tower Corp. was slated to be one of this year’s biggest deals, with a fundraising goal of as much as $10 billion, according to people with knowledge of the ...

Bloomberg Indonesia will turn to private investors for the hundreds of billions of dollars in investment needed to develop the archipelago’s infrastructure and natural resources, President Joko Widodo said, brushing off claims he was increasingly becoming an economic nationalist. All major projects will be offered to the private sector, Widodo, also known as Jokowi, told Bloomberg Television’s Haslinda Amin in ...