International News

Bloomberg The Canadian government is proposing consolidating environmental reviews under a single agency while adding a new approval step for proponents of pipelines and other major projects — in what it says is a bid to both strengthen and clarify environmental rules. The proposal would add a requirement for an “early engagement” phase for projects that the government says would ...

Bloomberg Delivery Hero AG rose as much as 8.6 percent in its first day of trading, giving the Berlin-based takeout company a market capitalization of 4.7 billion euros ($5.3 billion) in a successful debut on the Frankfurt stock exchange. The food delivery broker, which connects customers and restaurants via its apps, rose as high as 27.70 euros after setting a ...

Bloomberg Canada Pension Plan Investment Board agreed to buy Parkway Inc., a real estate investment trust with properties in the Houston area, for $1.2 billion. The $23.05-a-share cash offer, which consists of $19.05 a share plus a $4 special dividend to be paid prior to the the deal’s completion, is about 13 percent more than Parkway’s closing price on June ...

Bloomberg Bayer AG asked the European Union to approve its $66 billion combination with Monsanto Co., the last of a trio of mega-deals reshaping the global agrochemicals industry. The German chemical giant’s filing kickstarts an initial review with an Aug. 7 deadline. Bayer said it’s still seeking to close the deal “before the end of 2017,” a sign that it’s ...

Bloomberg Puerto Rico’s federal oversight board voted unanimously to allow for the government’s electric utility to file for bankruptcy after rejecting a longstanding debt-restructuring agreement with creditors, threatening to impose steep losses on bondholders and insurance companies. The decision promises to upend years of negotiations by the Puerto Rico Electric Power Authority, known as Prepa, with hedge funds, mutual funds ...

Bloomberg Alphabet Inc. said that the European Commission’s recent antitrust fine will reduce second-quarter profit by about $2.74 billion. The company plans to report the fine in a separate operating expense line on its income statement. It’s not tax deductible, so the charge will reduce Alphabet’s net income and earnings per share by the full $2.74 billion amount, it said ...

Bloomberg South Korea must give US automakers “a fair shake” to sell more cars there and stop exporting “dumped steel,” President Donald Trump told his counterpart Moon Jae-in during talks at the White House. After meeting with Moon, Trump emphasized he’ll press for changes to the current free-trade agreement to reduce the US trade deficit with South Korea. He told ...

Bloomberg Hitachi Ltd. is looking to buy consulting and system engineering companies overseas to help add as many 6,000 workers to boost sales of products ranging from trains to construction machinery. The Tokyo-based company has set aside as much as 800 billion yen ($7 billion) for acquisitions over the next two years, Chief Financial Officer Mitsuaki Nishiyama said in an ...

Bloomberg China’s official factory gauge concluded the first half of the year on a robust note, the latest evidence of stable momentum that gives policy makers room to continue defusing financial risks. The manufacturing purchasing managers index increased to 51.7 in June, beating all estimates compiled by a Bloomberg survey of economists, and the 51.2 reading in May. The non-manufacturing ...

Bloomberg China’s hidden debt risks are back in the spotlight this week. A chemical maker in the eastern province of Shandong had trading of its bonds suspended amid uncertainty over its operating performance. That triggered a slump in the dollar bonds of a neighboring company that had guaranteed the other’s debt. China’s privately held firms have relied on extending such ...