International News

Bloomberg Alphabet Inc. is forming a new holding company designed to finalise its evolution from Google, the web search giant, into a corporate parent with distinct arms that protects individual businesses in far-flung fields like health care and self-driving cars. The new entity, called XXVI Holdings Inc., will own the equity of each Alphabet company, including Google. The new structure ...

Bloomberg Roku Inc., the maker of devices and software for streaming video that was an early challenger to traditional home-entertainment providers, filed for a US initial public offering. The company listed an initial offering size of $100 million, which it said is a placeholder used to calculate fees and will probably change. IT plans to use the proceeds for general ...

Bloomberg Fiat Chrysler Automobiles NV will push ahead with separating the parts business, while the carmaker doesn’t have any big deal on the table and hasn’t received any approach for a combination. “There are some activities at the component businesses which don’t belong to the car business and the group must be purified from those assets,” Chief Executive Officer Sergio ...

Bloomberg Honda Motor Co. agreed to pay $484 million to settle economic-loss claims tied to Takata Corp. air bag recalls, bringing total settlements over the faulty safety devices to more than $1 billion. The agreement will provide for faster replacement of recalled air bags and reimburse customers for out-of-pocket costs. The Honda deal follows a $533 million settlement with four ...

Bloomberg Vietnam wants to design and make cars for its 90 million motorbike and scooter riders. The country’s largest real-estate company Vingroup JSC said it plans to invest up to $3.5 billion to set up a manufacturing and research and development complex, aiming to roll out the first car in 24 months. The Hanoi-based developer will break ground on the ...

Bloomberg Indian billionaire Kumar Mangalam Birla is evaluating possible bids for Constellium NV and Aleris Corp. as his conglomerate seeks to grow its aluminum operations overseas, people with knowledge of the matter said. Deliberations are at an early stage, and Aditya Birla Group hasn’t yet decided whether to proceed with an offer for either business, according to the people. The ...

Bloomberg Asian buyers of liquefied petroleum gas are already paying for disruptions half a world away in Texas as record rainfall halted shipments of propane and butane from ports that handle more than 90 percent of US exports to the region. Marine export terminals operated by Enterprise Products Partners LP, Targa Resources Inc. and Phillips 66, all suppliers of the ...

Bloomberg The UK wants to squeeze in more hours of Brexit negotiation as an October deadline to secure a breakthrough with the European Union looks increasingly unattainable. There are only two more rounds penciled in before an EU summit that will decide if talks can move to trade. But time is not on the side of PM Theresa May, and ...

Bloomberg PayPal Holdings Inc. is turning to its old nemesis, plastic, to help it expand beyond the digital realm. The online payments venture is introducing a credit card that offers customers 2 percent cash back on purchases—one of the industry’s highest rebate rates—with no annual fee. The rewards will appear in users’ online wallets and can be spent immediately on ...

Bloomberg Prime Minister Theresa May said she’s keen for the UK to keep any benefits from a potential trade deal between the European Union and Japan after its scheduled departure from the bloc in March 2019. “There’s obviously a number of trade deals that the EU has with other countries and we are looking at the possibility of those being ...