International News

Bloomberg At least one media mogul is expecting to see a lot more deals like AT&T Inc.’s $85.4 billion purchase of Time Warner Inc., and the seeds for such megamergers could be planted this week in a resort town in Idaho. Pay-TV providers and phone companies like AT&T are realizing they need exclusive programming to set themselves apart in a ...

Bloomberg Among the sneakers, diapers and pet food for sale on Taobao, China’s biggest e-commerce platform, is a listing that may take up a little more space in the online shopping basket. For 4.15 million yuan ($610,000), customers on the site owned by e-retailing giant Alibaba Group Holding Ltd. can bid for the debt of a steelmaker from Zhejiang, a ...

Bloomberg Clariant AG’s planned $6.4 billion takeover of Huntsman Corp. will make it a major player in China for commodity polyurethane chemicals, yet the Swiss company is also looking to exploit niche gaps in the market, including additives to allow plastic film recycling. “Private Chinese companies are growing the fastest as they have the strongest insight into the market needs, ...

Bloomberg As some Chinese tycoons slow acquisitions to focus on digesting their massive debt loads, one property billionaire is moving the other way. Sunac China Holdings Ltd. Chairman Sun Hongbin over the past year oversaw an acquisition spree that culminated with Monday’s $9.3 billion purchase of assets from Dalian Wanda Group Co. While the deal set a record for China’s ...

Bloomberg Indian shares advanced a second day, with the key indexes extending record highs, paced by a rally in software exporters. The benchmark S&P BSE Sensex added 0.1 percent to close at 31,747.09 at the 3:30 p.m. close in Mumbai, while the NSE Nifty 50 Index gained 0.2 percent. The Sensex closed at an all-time high level for the third ...

Bloomberg The transatlantic trade deal US President Donald Trump is offering UK Prime Minister Theresa May will ultimately prove easy to promise and hard to deliver. That’s the warning of business leaders and trade analysts after Trump told May last week that the post-Brexit accord she hankers after can be lined up “very, very quickly.” The challenge for the UK ...

Bloomberg Google will find out this week if it owes 1.12 billion euros ($1.3 billion) in back taxes to France, just days after it was slapped with a record antitrust fine by the European Union. Paris judges are set to rule as soon as Wednesday whether Alphabet Inc.’s Google illegally dodged French taxes by routing sales in the country out ...

Bloomberg Syngenta AG, the Swiss pesticide maker acquired by China National Chemical Corp. for $43 billion, is considering bourses in Europe and the US as possible locations for a re-listing of shares in about five years. “I would not be surprised if it was a combination of Europe and the US, as we were before,” Syngenta Chief Executive Officer Erik ...

Bloomberg Siemens AG scrambled to reverse a transaction with a Russian partner to try to save face after gas turbines from one of the biggest German investors in Russia’s economy turned up in the annexed region of Crimea, flouting European Union sanctions. At least two of four turbines manufactured by Siemens for Technopromexport JSC for an electricity project in Taman, ...

Bloomberg More than a dozen automakers are jostling to lead the US electric-car race, but Bloomberg New Energy Finance sees a clear winner separating from the pack: Tesla Inc. The automaker led by Chief Executive Officer Elon Musk will emerge as “the stand-out” in total cumulative deliveries through 2021, reaching almost 709,000 vehicles, according to BNEF’s Long-Term Electric Vehicle Outlook. ...