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Bloomberg Borrowing conditions for Indian companies will likely remain tough for months as fallout from defaults at Infrastructure Leasing & Financial Services Ltd. continue to weigh on the nation’s debt market, according to S&P Global Ratings. “India’s financial markets are facing a trust deficit,” S&P credit analyst Geeta Chugh wrote in a note. “The disruption could put a strain on ...

Bloomberg NTT Docomo Inc., Japan’s second-biggest mobile phone carrier by sales, plans to invest 1 trillion yen ($8.8 billion) on infrastructure over five years for 5G services that allow faster data transmission. The carrier also increased planned investment this year by 10 billion yen for offering “pre-commercial” 5G services at limited locations including airports, stadiums and Docomo premises by September ...

Bloomberg Samsung Electronics Co. posted quarterly profit that topped analyst estimates on growth in its memory chip business, but signaled caution in semiconductors by announcing a cut in capital spending for the year. Net income rose to 13 trillion won ($11.4 billion) in the three months ended September, the Suwon, South Korea-based company said in a filing on Wednesday. That ...

Bloomberg The Philippines’ biggest companies face another year of significant repayments of US dollar debt after record amounts came due in 2018, even as a slumping peso makes it costlier to pay back. A total of $4.9 billion in dollar bonds and loans have matured or will still come due in 2018, more than four times the amount last year ...

Bloomberg General Electric Co. plunged the most in nine years after the company disclosed an expanded federal accounting probe and worsening troubles at its ailing power business. The Securities and Exchange Commission is widening its investigation of the company’s accounting to look at a $22 billion charge in the power-equipment unit, the company said as it reported earnings for the ...

Bloomberg Facebook Inc. Chief Executive Officer Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories,” not the company’s famous news feed. Investors are buying into the vision for now. The newer products may make less money and steal user attention from the main stream of photos, comments and lucrative ads on the social network, Zuckerberg ...

Bloomberg UK businesses are getting increasingly nervous about Prime Minister Theresa May’s ability to pull off a Brexit deal. Optimism in Britain’s economy slumped in October to the lowest level this year, with confidence falling in almost all parts of the country, Lloyds Bank said in a survey published on Wednesday. The concern is spread across firms of sizes, with ...

Bloomberg Euro-area inflation accelerated in October and underlying price pressures increased, complicating policy makers’ choices after the economy grew at its weakest pace since 2014. Consumer prices jumped 2.2 percent from a year earlier while a measure that strips out volatile components rose to 1.1 percent. Inflation has been stronger than the European Central Bank’s goal of just below 2 ...

Bloomberg T-Mobile US Inc. rallied after adding more subscribers than Wall Street expected in the third quarter, giving fresh momentum to a company awaiting federal approval for its $26.5 billion acquisition of Sprint Corp. The carrier added 1.08 million monthly subscribers in the third quarter, beating the 844,000 projected. It was the fourth straight quarter to exceed more than 1 ...

Bloomberg The US economic expansion will stretch into the 2020s and a flattening yield curve is normal and unlikely to invert soon, according to US investment manager Payden & Rygel. The global economy looks on firm footing across the board, with unemployment rates trending lower and inflation rates remaining well behaved, said Brad Boyd, senior vice president at the Los ...