International News

Bloomberg Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, according to people familiar with the deal. The price would be a new high for the National Basketball Association, breaking the $2 billion Steve Ballmer paid for the Los Angeles Clippers in 2014. Rockets owner Les Alexander announced in July that he was selling the franchise, which ...

Bloomberg Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost two years after the postal and financial-services giant was listed, people with knowledge of the matter said. The Ministry of Finance plans to offer about 1 trillion yen to 1.4 trillion yen ($9.1 billion to $12.8 billion) of Japan ...

Bloomberg With job creation seen as his government’s biggest failing, Prime Minister Narendra Modi replaced both ministers in charge of employment. Their successors face an uphill task. India will have the world’s biggest labor force by 2027 and the millennial generation is crucial to anchor one of the fastest paces of economic growth. However fresh employment opportunities are scarce and ...

Bloomberg The state assets regulator in China’s Hubei province has asked companies backed by the province and their subsidiaries to suspend new property investments from September 5 amid a push to reduce financial risks, according to people familiar with the matter. The State-owned Assets Supervision and Administration Commission in Hubei has also asked province-backed companies to accelerate the construction or ...

Bloomberg Hyundai Motor Co. halted production at a plant in China on Tuesday after a supplier stopped delivery of parts for air-intake systems, suspending operations for the second time in three weeks in its biggest market. The China-based supplier, partly owned by a German company, has refused to deliver the parts since the weekend because of delayed payments from the ...

Bloomberg Google’s search service may be banned in China but parent Alphabet Inc. is hunting for workers in a further sign it has ambitions in the world’s biggest internet market. At least 20 positions based in Beijing are advertised on the company’s careers site, spanning engineering and marketing to product managers. Multiple listings are shown in the field of machine ...

Bloomberg Wells Fargo & Co. raised its estimate for how many bogus accounts employees may have created, a sign the bank is still struggling to move past a scandal that sparked record fines and congressional investigations. An outside review into more than 165 million deposit and credit-card accounts found an additional 1.4 million that were potentially unauthorised, bringing the total ...

Bloomberg Amazon.com Inc. will pay commissions to gamers, artists, chefs and others on its Twitch Interactive video-streaming service for selling products to their fans through its retail site. Think of it as video-game broadcasters hosting virtual Tupperware parties. Except they’re more likely to hawk headsets and consoles than salad spinners. At least for now. Twitch announced the initiative ahead of ...

Bloomberg Chancellor Angela Merkel said German authorities are committed to avoiding city driving bans for diesel cars and pledged to double a federal clean-air fund to 1 billion euros. Merkel sought to address fallout from Germany’s diesel scandal during a meeting at the chancellery in Berlin, a day after her main election opponent pressed her in a television debate to ...

Bloomberg A proposal to toughen UK laws to make it easier to hold companies accountable for financial crime is still under consideration by the government after years of back and forth, according to a speech from the solicitor general. “The weaknesses in our current law result in other jurisdictions holding British companies to account when ours has not,” Robert Buckland ...