News

Bloomberg India’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity. Two of the eight high-frequency indicators compiled by Bloomberg News came in stronger in November based on a three-month weighted average reading, although that wasn’t enough to move the needle on a gauge measuring overall activity. The dashboard measures “animal spirits,” ...

Bloomberg NMC Health Plc shares gained after the company said it plans an independent review of assertions from “certain third parties,” partly recovering from a slump that followed allegations by short seller Muddy Waters Capital LLC recently. The company has been under siege since Carson Block’s Muddy Waters said its financial statements hint at potential overpayment for assets, inflated cash ...

Bloomberg The presidents of three Japan Post Group companies will step down on Friday amid a scandal involving insurance sales, local broadcaster JNN reported. The report said that the executives would step down at a press briefing on Friday, amid the ongoing scandal involving Japan Post insurance sales. Japan Post said that it is unaware of any plans by the ...

Bloomberg Nissan Motor Co’s third-highest-ranked executive is planning to leave the company to join a leading electric-motor company, an abrupt move that deals yet another blow to the scandal-plagued Japanese carmaker. The shares fell to their lowest in 8 years. Jun Seki, the vice chief operating officer in charge of Nissan’s performance recovery, plans to join Japanese manufacturer Nidec Corp ...

Bloomberg The operator of China’s high-speed rail line between Beijing and Shanghai kicked off its initial public offering, which will for the first time allow investors to buy shares in what is the world’s largest such network. Beijing-Shanghai High-Speed Railway Co, a unit of state-owned China Railway Corp, plans to sell as many as 6.3 billion new shares, or 12.8% ...

Bloomberg Uber Technologies Inc’s former Chief Executive Officer Travis Kalanick is stepping down from the board, severing his last ties to the company he co-founded a decade ago and helped become one of the world’s most valuable, and controversial, startups. Kalanick, 43, has sold all of his remaining shares in the ride-hailing giant and plans to focus on his new ...

Bloomberg Dell Technologies Inc, the computer company founded by Michael Dell, is considering buying the remaining outstanding shares in cybersecurity services operator Secureworks Corp, according to people with knowledge of the matter. The Round Rock, Texas-based company is exploring making an offer for the remaining 13.8% of shares it doesn’t own of Secureworks and fully consolidating the business, said the ...

Bloomberg Tesla Inc has lined up more than 10 billion yuan ($1.4 billion) in financing from local banks for its Shanghai factory as it prepares to begin deliveries of China-made Model 3 sedans in the country, people familiar with the matter said. An announcement will probably be made as soon as this week, one of the people said, asking not ...

Bloomberg China’s ByteDance Inc created one of the country’s rare global hits with the addictive video app TikTok Now the US government is threatening that success as officials in Washington warn the service presents a security threat. The Beijing-based company, led by Chief Executive Officer Yiming Zhang, is weighing a range of options to address those concerns, according to people ...

Abu Dhabi / WAM The UAE cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the UAE strategy of advanced industries, mainly those that are in line with fourth industrial revolution and its applications, with the aim of promoting industrialisation and fourth industrial revolutions applications ...