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Bloomberg BMW AG and Daimler AG are facing more pain in China after higher tariffs on US-imported cars force price hikes and consumers hold back on their next purchase. BMW, which like Daimler AG ships US-made sport utility vehicles to China, said it will join Tesla Inc. in raising prices in the Asian country. The steeper charges are a result ...

Bloomberg The Indonesian government is seeking to boost coal exports and increase foreign exchange earnings by scraping an obligation on miners to supply domestic power stations, according to a senior minister. The proposal, which will be discussed in a cabinet meeting on Tuesday, can generate an additional $5 billion annually in export proceeds, Coordinating Minister for Maritime Affairs Luhut B. ...

Bloomberg Amidst the hand-wringing over escalating US-China trade tensions, Taiwanese electronics producer New Kinpo Group is rejoicing. Chief Executive Officer Simon Shen said inquiries about New Kinpo’s plants in Thailand and in the Philippines, where its unit Cal-Comp Technology plans a public listing this year, are increasing. New Kinpo has 28,000 workers in the two Southeast Asian countries — thrice ...

Bloomberg Indian companies have been involved in deals worth a record $97.6 billion this year. Top banker JPMorgan Chase & Co. is predicting more offshore interest in the nation, particularly in technology, media and telecom. Walmart Inc.’s $16 billion acquisition of a majority stake in Indian e-commerce company Flipkart Online Services Pvt. Ltd. — a deal JPMorgan advised — has ...

Bloomberg China’s vaccine scandal is sparking protests and panic among parents, with the revelation two drugmakers sold poor-quality vaccines for infants reviving anxiety over the country’s ability to ensure safety in the world’s second-biggest healthcare market. Demonstrators gathered outside the National Health Commission in Beijing on Monday, according to videos posted on Twitter, demanding tougher regulation of vaccine sales in ...

Bloomberg Greece is planning a return to the markets in a bid to regain its status as a “normal” country. If the government can announce by the end of the year its program for tapping the markets in 2019, and repeat this exercise each year for the following 12 months, the plan will have worked, an official familiar with the ...

Bloomberg A draft proposal by federal regulators to roll back US automobile efficiency requirements contends that their preferred plan would reduce ‘societal costs’ by roughly half a trillion dollars through 2029, while increasing US fuel consumption by 500,000 barrels per day. The assertions are detailed in an undated draft of the National Highway Traffic Safety Administration and Environmental Protection Agency ...

Bloomberg Siemens AG is leaning towards building a 600 million euro flagship innovation center outside Germany, rather than in its historic stomping ground of Berlin, according to a person familiar with the matter. The engineering giant confirmed a report that it’s planning a complex called Siemens City, but a spokesman said the company hasn’t yet chosen a location. German news ...

Bloomberg Four years ago, Foxtons Group Plc was riding the crest of London’s housing wave as surging demand sent home values in the UK capital soaring. Since then, the estate agent’s share price has fallen by almost 90 percent as the city’s residents and landlords hold off on buying homes, while overseas demand remains damped by a series of tax ...

Bloomberg Sweden’s economic growth unexpectedly accelerated in the second quarter as consumer spending and exports picked up. Gross domestic product advanced 1.0 percent in the period, accelerating from a revised 0.8 percent in the first three months of 2018 and beating the 0.5 percent estimate in a Bloomberg survey of economists. GDP grew 3.3 percent from a year earlier. The ...