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Bloomberg ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy US-based data analytics firm Treasure Data Inc., people familiar with the matter said. Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn’t yet public. A spokesman for ARM declined to ...

Bloomberg Starbucks Corp., facing a rare sales decline in China, is betting a rapid roll out of delivery service will get the business back on track. With the company expecting China to eventually surpass the US as its biggest market, Starbucks says deliveries will help it will fend off competitors who are already offering the service, coupled with deep discounts. ...

Bloomberg The chief executive of Samsung Securities Co. resigned after the company was punished by South Korea’s financial regulator because an employee’s error sparked a $105 billion “ghost stock” blunder. Koo Sung-hoon’s resignation was disclosed in a regulatory filing on July 27, a day after the Financial Services Commission ordered the firm to suspend Koo for three months. The firm ...

Bloomberg As foreign funds continue to dump Indonesian stocks and bonds, President Joko Widodo is chasing dollars from tourism and exports to help contain a widening current-account deficit. Widodo, known as Jokowi, ordered ministers, officials and central bankers to step up efforts to lure more foreign visitors into the pristine sand beaches dotting hundreds of islands across the archipelago. He ...

Bloomberg Google, Twitter Inc. and Facebook Inc. have taken significant steps to expunge IS propaganda and other terrorist content from their platforms. But taking no chances, the European Union (EU) is set to propose a tough new law anyway — threatening internet platforms, big and small, with fines if they fail to take down terrorist material, according to people familiar ...

Bloomberg The US is now making “absolutely amazing’’ progress toward renegotiating the North American Free Trade Agreement (Nafta), and a deal could come as early as this fall, according to White House Council of Economic Advisers Chairman Kevin Hassett. “My guess is that we will see something by the fall,’’ Hassett said in an interview that aired Saturday on Fox ...

Bloomberg An escalating trade spat between the US and the European Union may be starting to leave its mark in France. Exports of manufactured goods from the country dropped in July for the first time in almost two years, IHS Markit said, noting the decline coincides with reports that global trade tensions are weighing on external demand. A gauge of ...

Bloomberg Harley-Davidson Inc. cut its forecast for profit margin this year, adding to its predictions of damage done by President Donald Trump’s trade war. Operating margin will drop to between 9 percent and 10 percent this year due to the expected impact of tariffs, the Milwaukee-based manufacturer said in a statement. The company had been projecting a margin of as ...

Bloomberg US farmers will see the first payments of a $12 billion subsidy program designed to shield them from a burgeoning trade war starting in September, Agriculture Secretary Sonny Perdue said. “The mitigation payments will be eligible in September in some degree and into October and the fall,” Perdue said on the sidelines of an event at the U.S. Embassy ...

Bloomberg President Nicolas Maduro announced a two-week delay to a planned currency redenomination to August 20, when Venezuela will lop five zeroes off the refurbished bolivar and also link it to the country’s Petro cryptocurrency. By “anchoring” the Sovereign Bolivar, as the new currency will be called, the Petro will help stabilize the economy, Maduro said in a speech on ...