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Bloomberg Tencent Holdings Ltd is planning to raise around $5 billion through a dollar bond sale on Wednesday, according to people familiar with the matter. China’s social media leader received an issuance quota of $6 billion from China’s National Development and Reform Commission, people who aren’t authorised to speak publicly and asked not to be identified said. Once priced this ...

Bloomberg China’s homegrown nuclear technology is gaining favour in the battle for the nation’s next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs. China’s reactor, known as the Hualong One, will be faster and easier to repair and maintain than competing foreign designs because it will ...

Bloomberg The troubles are adding up for IHH Healthcare Bhd, wiping almost $800 million from its market value over three days. A whipsawing Turkish lira, a major shareholder cutting its stake, and continued uncertainty over a plan to buy Fortis Healthcare Ltd have led IHH to fall 6.6 percent over three days while the benchmark index was largely flat. IHH ...

Bloomberg European Union governments are struggling to reach consensus on a mandate to begin trade talks with the US, risking a delay that would further provoke Donald Trump’s ire after the bloc’s refusal to include agriculture in the negotiations. At a meeting of EU ambassadors in Brussels on Wednesday, France is expected to resist giving the European Commission the green ...

Bloomberg The European Union ordered the UK to claw back illegal tax breaks designed to lure multinationals to the nation — in a timely reminder that the EU still calls the shots on competition rules until Britain leaves the bloc. The European Commission targets the UK’s group financing exemption, which allows companies active in the country to pay little or ...

Bloomberg Investment intentions among UK firms slumped to the lowest in eight years, just one of the measures of economic health that weakened “considerably” amid recent Brexit turmoil, according to the British Chambers of Commerce (BCC). The balance of services businesses reporting an increase in export sales stood at zero in the first quarter, its weakest level since 2009, the ...

Bloomberg Fresh off reports that it’s exploring a venture with PSA Group to build cars in Europe, the chairman of Fiat Chrysler Automobiles (FCA) said the automaker will remain an active player in helping to shape an automotive industry being transformed by technology. John Elkann, the chairman and chief executive officer of Exor NV, wrote in a letter to shareholders ...

Bloomberg Global growth has lost momentum since the start of the year, leaving the world economy in a “precarious” position, IMF Managing Director Christine Lagarde said. The global economy has weakened since the International Monetary Fund last updated its forecast in late January, though a recession isn’t likely in the near term, Lagarde said in remarks prepared for a speech ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating some 3 million US vehicles made by Hyundai Motor Co and Kia Motors Corp. following thousands of complaints that the vehicles went up in flames even without being involved in a crash. NHTSA tallied more than 3,000 complaints about the Hyundai and Kia vehicles that drivers lodged with the agency ...

ABU DHABI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, highlighted the UAE’s commitment to adopt the best international standards and sustainable practices, to rationalise energy consumption and reduce carbon emissions, in line with the National Energy Strategy 2050. He added that Earth Hour, which took place this year under the slogan, “Communicate with ...