News

Bloomberg Broadcom Inc appealed a European Union (EU) order forcing the company to drop allegedly unfair clauses that may compel set-top box makers to use its chips. The appeal opens a court fight over the validity of a rarely used regulatory tool meant to prevent victims from suffering while probes drag on for years. EU Antitrust Commissioner Margrethe Vestager in ...

Bloomberg Tesla Inc’s efforts to lure Chinese customers is giving its suppliers a boost in the world’s biggest electric-vehicle market. Shares of Changzhou Almaden Stock Co surged to more than a two-year high on Monday, after it said in a filing to the Shenzhen stock exchange that it has supplied solar glass to the electric car manufacturer since 2019. Appliances ...

Bloomberg European bond sales are set to kick off in the first full week of 2020, as governments return to a market boosted by tensions in the Middle East. Portugal, Ireland and Belgium should issue debt maturing in 10 to 15 years at syndicated sales, according to Danske Bank A/S, while regular auctions are due from Germany, Austria, Spain and ...

Bloomberg Would you give up Facebook for one month in exchange for $50? The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a new paper, may help economists get a better measure of the extent to which new, free technologies are reshaping the economy and our lives. The answer, unsurprisingly, is a lot. They estimate that the social ...

Bloomberg Beijing Automotive Group Co hopes to sell at least the same amount of vehicles this year as in 2019 as it battles “brutal” competition and a prolonged slowdown in China’s car market. China’s fourth-largest carmaker is targeting up to 2.35 million vehicle sales in 2020, General Manager Zhang Xiyong said at a news conference in the northeastern province of ...

Bloomberg Carlos Ghosn used public transportation to get from Tokyo to Osaka before boarding a private jet in his escape to Lebanon, broadcaster NTV reported, citing sources involved in the investigation. The former head of Nissan Motor Co and Renault SA took a bullet train around 4:30 pm local time on December 29 from Tokyo’s Shinagawa station, according to the ...

Bloomberg The Chinese trade delegation plans to sign the first phase of its trade deal with the US in Washington on January 15, according to people familiar with the matter. The plan is still to send its top negotiator, vice premier Liu He, to ink the deal, said the people, who asked not to be identified discussing the private plans. ...

Bloomberg Soon after he became president of the Philippines in 2016, Rodrigo Duterte ordered government officials “to refrain from changing and bending the rules of government contracts.” Halfway through his six-year term, Duterte’s commitment is under question. In December, the firebrand leader ordered the renegotiation of long-agreed contracts for Manila Water Co and Maynilad Water Services Inc to supply the ...

Bloomberg After ousting his protege-turned-foe from the helm of Tata Sons Pvt in a boardroom coup three years ago, Ratan Tata was looking forward to a partial retirement. Instead, he’s fighting the battle all over again — this time in a court. India’s Supreme Court is expected to hear as early as this week an appeal by the $111-billion conglomerate ...

Bloomberg India’s main services index rose to the highest level in five months in December as improving new work orders helped boost activity in the country’s dominant sector. The seasonally adjusted Markit India Services PMI index climbed to 53.3 from 52.7 in November, suggesting a strong end to the calendar year. The level was the highest since July. A reading ...