News

  Bloomberg China’s effort to promote public-private partnerships to fund roads, bridges and railways and keep a lid on rampant debt growth is succeeding in luring companies to the projects. Problem is, they’re mainly state-owned. Two years into the PPP push, the majority of partners in the projects have turned out to be state-owned enterprises, according to analysts at Fitch ...

  WASHINGTON / AP US businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped. Orders for durable goods rose 1.8 percent in January after two months of declines, the Commerce Department said. The strength stemmed from a big surge in demand for ...

  Bloomberg The indictment of Samsung Electronics Co. de facto chief Jay Y. Lee and four other top executives on bribery and embezzlement charges threatens the company’s ability to make major strategic decisions, including acquisitions and management changes. While the world’s biggest maker of mobile devices has capable managers who will, as before, continue to roll out new products and ...

  Bloomberg Hyperloop Technologies Inc., which is building a super-fast transportation solution based on an idea by billionaire Elon Musk, is in initial talks with the Indian government and companies to partially build and operate the vehicle on some routes, its chief executive officer said. The Los Angeles-based company, known as Hyperloop One, will decide by end of this year ...

  Bloomberg Global Logistic Properties Ltd. has shortlisted at least three groups in the bidding for the Singapore-based warehouse operator, people with knowledge of the matter said. GLP invited a management-backed consortium that includes Chinese investment firms Hillhouse Capital Management and Hopu Investment Management to study detailed information on the business, the people said, asking not to be identified as ...

  Bloomberg Japan’s industrial production fell for the first time in six months in January, raising questions about the sustainability of Japan’s export-driven growth in the second half of 2016. Retail sales rose. Industrial production fell 0.8 percent in January from a month earlier (forecast +0.4 percent). Output is forecast to rise 3.5 percent in February and drop 5 percent ...

  Bloomberg Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week. “The good news is that we are back around the table and things are starting to come together in some ...

  Bloomberg A European Union court on Tuesday dismissed a bid by 26 companies to annul anti-dumping tariffs imposed by the bloc on Chinese solar panels more than three years ago. In a separate decision, the EU’s executive Commission confirmed hefty new anti-dumping duties on imports of heavy steel plates from China. The 28-nation EU raised import duties on Chinese ...

  Bloomberg UK consumer confidence weakened this month as the pound’s slide, rising prices and weak pay growth began to weigh on the powerhouse of Britain’s economy. GfK’s household-sentiment index fell in February, remaining below zero for a 10th month, and the appetite for making major purchases decreased, indicating that Britons may be starting to rein in spending. A separate ...

  Bloomberg Rolls-Royce Holdings Plc will freeze salaries for 8,000 managers as Europe’s biggest aircraft-engine maker deepens cost cuts after earnings fell by almost half in 2016. While raises for managers and executive staff will be announced as usual in March, they won’t be implemented until September, with no backdated payments, Chief Executive Officer Warren East said in an internal ...