News

  Bloomberg Komatsu Ltd., the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13 percent in the last quarter, signaling that the rebound in commodities prices is yet to feed through into better sales of the giant trucks and excavators used in extracting minerals. The Tokyo-based company, which also supplies builders and produces industrial machinery, ...

Bloomberg New photographs show what may be melted nuclear fuel sitting under one of Japan’s wrecked Fukushima reactors, a potential milestone in the search and retrieval of the fuel almost six years after it was lost in one of the worst atomic disasters in history. Tokyo Electric Power Co. Holdings Inc., Japan’s biggest utility, released images showing a grate under ...

  Bloomberg The risk of record borrowings is turning Indian bond investors skeptical going into the government’s budget on Wednesday, just as foreign funds exit the market at the fastest pace since 2013. Primary dealers have rescued two of the last four sovereign-debt auctions, as Prime Minister Narendra Modi’s administration is expected to announce an unprecedented 6.25 trillion rupees ($92 ...

  Bloomberg China’s rapid nuclear expansion will result in it overtaking the US as the nation with the largest atomic power capacity by 2026, according to BMI Research. The world’s second biggest economy will almost triple its nuclear capacity to nearly 100 gigawatts by 2026, making it the biggest market globally, analysts said in a note dated Jan. 27. The ...

  Bloomberg US President Donald Trump’s proposed tariff on Mexican goods has the country’s oil industry considering just how much it needs the American market. A 20 percent border tax to build a wall between Mexico and the US means Canadian oil-sands competitors will enjoy a leg up and US motorists will suffer higher prices at the pump due to ...

  Bloomberg Teva Pharmaceutical Industries Ltd. plunged to the lowest in more than a decade following a US court ruling that invali-dated four patents on its best-selling multiple sclerosis drug Copaxone. The ruling may open the door to generic competition for a drug that generates a fifth of Teva’s $20 billion in annual sales. The introduction of two Copaxone copycats ...

  Bloomberg Microsoft Corp. found ample demand for its $17 billion bond offering, allowing it to cut borrowing rates on its second multibillion note offering in six months. The tech giant received at least twice as many orders as it had bonds to sell, according to people familiar with the matter, who asked not to be named because the deal ...

  Bloomberg British households reined in their borrowing in December, casting further doubt over the strength of consumer spending this year. Unsecured lending rose by 1 billion pounds ($1.2 billion), the least since May 2015 and well below the expectations of economists. On an annual basis, credit growth slowed to 10.6 percent from 10.8 percent in November, the Bank of ...

  Bloomberg Coca-Cola Co., the world’s largest seller of soft drinks, said it opposes the travel ban issued by President Donald Trump and will assess any effect it has on employees, joining the thin ranks of companies publicly condemning the policy. “Coca-Cola Co. is resolute in its commitment to dive- rsity, fairness and inclusion, and we do not support this ...

  Dubai / Emirates Business Imdaad, the GCC’s leading integrated facilities management (FM) company based in Dubai, revealed that it will invest AED60 million this 2017 to achieve growth via targeted acquisition of local firms. The announcement was made during a press conference on Tuesday, at the Jumeirah Zabeel Saray, Palm Jumeirah in Dubai where the leading FM company also ...