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Bloomberg Thailand’s planned 100 billion baht ($3.2 billion) infrastructure fund is embroiled in a court dispute over costs, threatening to further delay its listing. A labour union claims it would be cheaper to use borrowings by Expressway Authority of Thailand, a state entity, to pay for road projects due to be financed via the Future Fund, according to Ekniti Nitithanprapas, ...

Bloomberg Competitive gaming in Japan has found a champion: hedge fund boss Seth Fischer. The chief investment officer of Hong Kong-based Oasis Management Co., which owns more than $1 billion in Japanese securities, said esports is now among his top five investment themes for Japan. He has started buying stocks of game publishers like Capcom Co. and Square Enix Holdings ...

Bloomberg In the pantheon of luxury carmakers, Hyundai Motor Co. doesn’t usually come to mind. But the Korean company’s Genesis line beat out German rivals to be named 2018’s best car brand in the US by Consumer Reports. In its debut year, Hyundai’s luxury line bumped Volkswagen AG’s Audi from top billing to the No. 2 spot, with premium mainstays ...

Bloomberg It’s looking increasingly likely Nafta talks will extend beyond a March target, meaning negotiators will have to deal with the added political uncertainty of a Mexican election campaign. Thorny issues such as content rules for cars remain unsolved as negotiators met on Sunday through March 5 in Mexico City for the seventh round of talks. When negotiations began six ...

Bloomberg Volkswagen AG’s US unit agreed to settle a lawsuit over the company’s marketing of clean-emissions vehicles, resolving a fight over consumer fraud claims days before it was scheduled to go to trial. The suit was dismissed on February 23 by Fairfax County, Virginia, Circuit Court Chief Judge Bruce D. White on agreement of the parties, according to a copy ...

Bloomberg International Business Machines Corp. is moving towards settling non-competition claims against its former chief diversity officer and allowing her to take on a temporarily limited role at rival Microsoft Corp. Lawyers for the company and the former IBM executive, Lindsay-Rae McIntyre, met in a federal court in White Plains, New York, to hash out a possible deal through mediation ...

Bloomberg Twenty-two states and the District of Columbia have joined the legal battle started by Mozilla Corp. and Vimeo Inc. to reverse the Federal Communications Commission (FCC) repeal of net neutrality. The Obama-era prohibitions, meant to prevent broadband service providers from slowing or blocking web traffic or demanding payment for faster speed across their networks, were rescinded by the FCC ...

Bloomberg Airbnb Inc. is largely known for cheap accommodations and the occasional awkwardness that comes with staying in someone else’s home. Now the company wants to broaden its appeal by incorporating what has long been seen as the enemy: hotels. At a company event, Brian Chesky, Airbnb’s co-founder and chief executive officer, outlined a roadmap designed to make his service ...

NEW DELHI / Reuters Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilise oil markets after the current supply cut deal ends this year, its oil minister said on Saturday. The Organization of the Petroleum Exporting Countries is reducing output by about 1.2 million barrels per ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation and the Ministry of External Affairs of India have agreed on setting up a joint committee to follow up the implementation of the Memorandum of Understanding (MoU) signed between the two countries in the manpower field. The signing ceremony of the MoU took place earlier this month and was ...