News

Bloomberg It’s increasingly unlikely that American farmers will fully regain their share of the lucrative Chinese soybean market, a US industry group said. US exports of the oilseed to the biggest importing nation have plunged in the year since the world’s two largest economies begin tit-for-tat tariffs. “The longer we are out of the China market, the likelihood is that ...

Bloomberg India, Japan and Sri Lanka are weighing the development of a terminal at the bustling port of Colombo in a country that’s seen ongoing political controversies related to investments from China’s Belt and Road initiative. The three countries are set to sign a memorandum of understanding in the coming months to build out the east container terminal at the ...

Bloomberg Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8 percent from a year ago, down from a revised 3.6 percent in the fourth quarter, the National Economic and Social Development Council said. That’s the slowest pace since the end of ...

Bloomberg The Japan Automobile Manufacturers Association said it is “profoundly disappointed” by US President Donald Trump’s declaration that imported vehicles and parts threaten national security, echoing a statement made just days ago by Toyota Motor Corp. Although the comments are unusually strong, the source is no surprise: Toyota President Akio Toyoda is also chairman of JAMA, the influential trade group. ...

Bloomberg US restrictions on China’s telecom giant Huawei threatens to snuff out a nascent recovery in semiconductor demand, a key driver of economic growth in technology powerhouses including South Korea and Taiwan. China dominates purchases from Asian semiconductor exporters and bought 51 percent of their exports in 2017, according to analysis by Citigroup Inc economists Jin-Wook Kim and Johanna Chua. ...

Bloomberg Oil companies, automakers and consumer products manufacturers will unleash a campaign for a US tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each to the Americans for Carbon Dividends advocacy campaign, underwriting its efforts to persuade Congress to ...

Bloomberg T-Mobile US Inc. suffered a significant setback in its bid for regulatory approval of its takeover of Sprint Corp. after failing to win over the US Justice Department with a remedy package, putting pressure on the companies to offer more concessions. The wireless carriers could try to sell additional assets to resolve the department’s concerns that the deal would ...

Bloomberg Tesla Inc.’s stock rout following this month’s $2.4 billion capital raise intensified after a once-bullish analyst called the range of issues facing the electric-car maker a “code red situation.” The shares have dropped in nine of the last 10 trading days, a stretch that started the day Tesla closed offerings of new stock and convertible bonds to shore up ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, said that the UAE’s social cohesion has made it an international model of cultural dive- rsity, as over 200 nationalities live together in the country. In a statement marking World Day for Cultural Diversity for Dialogue and Development celebrated annually on May 21, She- ikh Nahyan said ...

Bloomberg Oil rose after Saudi Arabia and other Opec+ members signalled their intention to keep supplies constrained, while US President Donald Trump ratcheted up tensions with Iran. Futures in New York jumped as much as 1.7%, before paring some of those gains. Saudi Energy Minister Khalid Al-Falih urged members of Opec+ gathered in Jeddah to “stay the course” on output ...