News

Bloomberg Alphabet Inc.’s Google has joined a funding round for a Chinese games-streaming service, making its second direct investment there since largely withdrawing from the country in 2010. The Mountain View, California company is joining a Series D investment round for Chushou, whose name translates into “Tentacle,” a Chinese mobile-centric game live-streaming platform with 90 million registered users. Existing backers ...

Bloomberg Chinese live-streaming company YY Inc. is planning to spin off and list its eSports video platform Huya Broadcasting in the US, people familiar with the matter said. The Twitch-like streaming division is seeking to raise at least $200 million this year to fund expansion in a fledgling but heated sector, the people said, requesting not to be named because ...

Bloomberg India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, piling pressure on his government to jump start activity before a national vote early next year. Gross domestic product will grow 6.5 percent in the year through March, the Statistics Ministry said, compared with the Bloomberg consensus of 6.6 ...

Bloomberg Billionaire Kumar Mangalam Birla’s Idea Cellular Ltd. plans to raise more than $1 billion to strengthen its war chest as competition in the world’s second-largest telecom market intensifies. The company, which is poised to merge with Vodafone Group Plc’s India unit to form the nation’s biggest wireless carrier, will raise $513 million by selling shares to its founders, according ...

Bloomberg Gold imports by India, the world’s second-biggest market after China, surged 37 percent in December after falling for three straight months, according to a person familiar with the data. Inward shipments increased to 77.7 metric tons from 56.9 tons a year ago, the person said, asking not to be named as the information isn’t public. In value terms, purchases ...

Bloomberg Officials from the US and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat. The US presented proposals to improve auto exports and lift trade barriers during a meeting with South Korea counterparts in Washington, Trade Representative Robert Lighthizer ...

Bloomberg CVS Health Corp. and Aetna Inc. were both talking to other potential partners during early discussions that led to their $68 billion merger, according to a regulatory filing. As late as August, Aetna was in discussions with a “Party X” about a “strategic partnership, business combination or other opportunities.” The mystery company, which isn’t named in the document, told ...

Bloomberg US payroll gains slowed by more than forecast in December, wages picked up slightly and the jobless rate held at the lowest level since 2000, adding to signs of a full-employment economy. Employers added 148,000 workers, compared with the 190,000 median estimate of economists surveyed by Bloomberg, held back by a drop in retail positions, a Labor Department report ...

Bloomberg Investors are finally getting a crack at the resurgent music business. Spotify, owner of the world’s largest paid music service, plans to begin trading on the New York Stock Exchange this quarter, passing up a traditional public offering for what’s called a direct listing. The debut will test whether investors are ready to buy into the music industry, which ...

DUBAI / WAM The Hatta solar project has enabled building owners to install solar panels on their rooftops to generate electricity from solar power as part of the Shams Dubai initiative. Implemented by Etihad ESCO, it is the largest residential rooftop solar PV project in the region. The Hatta solar project consists of 640 solar powered villas, supporting the Hatta ...