News

Bloomberg Billionaire Anand Mahindra, chairman of India’s largest SUV maker, can’t understand why Indian markets seem perturbed by the threat of a global tariff war. “Small, export focussed countries stand to lose. Countries with large domestic economies can easily withstand tariff threats,” Mahindra tweeted. As President Donald Trump’s steel tariff prompts concern about retaliation and a trade war, the head ...

Bloomberg Tata Sons Ltd. is seeking an offshore syndicated loan, as it seeks to pay down expensive debt at telecommunications units, according to people familiar with the matter. The holding company for India’s biggest business group has mandated lenders for a $1.5 billion six-year loan, the people familiar said this week. Tata Sons plans to use the proceeds to repay ...

Bloomberg China’s speedy approval of what will probably be one of its biggest IPOs in history has all the markings of a perfect marriage. Foxconn Industrial Internet Co., a maker of smartphones, cloud computing equipment and robots, is preparing to list in Shanghai just as the government seeks to revive the nation’s equity market with shiny new tech companies. The ...

Bloomberg Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10 times that number and is looking to hire more. In socially conservative India, that may be a tall order. Better educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary ...

Bloomberg UK engineer GKN Plc agreed to sell its automotive unit to US-based Dana Inc. in a $6.1 billion transaction aimed at repelling a hostile takeover from investment group Melrose Industries Plc. GKN shareholders would get stock in the new group valued at $3.5 billion, plus $1.6 billion of cash, and Dana would assume $1 billion of pension debt, the ...

Bloomberg The UK refused to rule out seeking its own exemption from US steel tariffs, risking a legal dispute with the European Union that could sour Brexit talks. EU officials are pressing President Donald Trump to exclude the bloc from the border charges he slapped on foreign steel and aluminum this week. The UK saidthat it’s working with its EU ...

Bloomberg Inside New York’s St. Regis Hotel, debt investors were given what’s becoming a familiar pitch: a high-flying tech company with a charismatic leader but no real cash flow was asking them to lend it money. This time it was Uber Technologies Inc., the ride-hailing company that’s reshaped the taxi business around the globe. The company is seeking a $1.25 ...

Bloomberg AT&T Inc. lashed out at the US antitrust lawsuit against the company’s proposed takeover of Time Warner Inc., saying the government’s own economic expert determined the deal would raise prices for pay-TV subscribers by just 45 cents a month. The telecommunications giant derided the Justice Department’s case, saying the government’s own analysis shows the deal would cause minimal consumer ...

Bloomberg In late February, Oracle Corp. co-CEO Safra Catz met with a top Pentagon official to discuss the government’s defense strategy days before the department was set to outline how it plans to spend billions of dollars on cloud-computing services. Catz’s meeting with Deputy Secretary of Defense Patrick Shanahan, which was confirmed by a department spokesman, came as technology companies ...

SHARJAH / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF), has announced that the theme of this year’s Emirati Women’s Day 2018, which will take place on August 28, will be, “Women on the Course of Zayed.” ...