News

  Bloomberg  The operator of Tokyo Disneyland expects overseas visitors to more than double by 2020 to around 4 million as Walt Disney Co’s first resort outside the US rides on publicity generated by Shanghai’s new theme park and a government plan to draw more tourists to Japan. Oriental Land Co which is licensed to operate the Tokyo resort consisting ...

  Bloomberg Spanish banks such as Banco Popular Espanol SA surged after an aide to the European Union’s top court said they may avoid having to refund billions of euros to customers who paid too much interest on home loans before a 2013 ruling on so-called mortgage floors. Spain is entitled to apply the time limit due to the “macroeconomic ...

  Bloomberg After weeks of political turmoil, a semblance of stability is returning to U.K. politics, and the pound is feeling the benefit. Sterling is headed for its longest winning streak in two months before Theresa May took over as prime minister on Wednesday, ending a period of political instability that has lasted since the U.K. voted to leave the ...

  Bloomberg Romanian consumers, the driving force behind one of Europe’s fastest-growing economies, must step aside under a new growth plan that will funnel €17bn into manufacturing and production, according to Deputy Prime Minister Costin Borc. The strategy — drawn up with the central bank and President Klaus Iohannis — runs to 2020 and envisages gross domestic product jumping by ...

AFP Eurozone industrial production fell back 1.2 percent month on month in May, reversing a revised 1.4 percent rise for April, Eurostat data showed on Wednesday, raising concerns of sluggish growth. Explaining the fall, the European statistics body cited production of energy falling by 4.3 percent, capital goods by 2.3 percent and durable consumer goods by 1.4 percent. A Capital ...

  Bloomberg European insurers, whose profits are being eroded by Mario Draghi’s quantitative easing program, face a stress test headache that risks requiring them to set aside more capital, further hurting their ability to make money. The timing of the regulator’s “stress test couldn’t be worse as the results will be rather negative,” said Lutz Roehmeyer, who helps oversee about ...

  Bloomberg Oil fell from the biggest gain in three months after U.S. industry data showed the nation’s crude stockpiles increased, adding to concerns about oversupply. Futures lost as much as 1.5 percent in New York. Inventories rose 2.2 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday is forecast to show a decline. ...

  Bloomberg Corn futures jumped after the latest U.S. government forecast for domestic inventories was less than expected, indicating that lower production in Brazil is boosting demand on the international grain market for American exports. U.S. stockpiles will be 2.081 billion bushels as of Aug. 31, 2017, the end of the marketing year, U.S. Department of Agriculture data showed Tuesday. ...

  Bloomberg Hyperloop Technologies Inc., a startup trying to develop Elon Musk’s idea to use levitation for high-speed transportation, was sued by a co-founder over claims that the company’s financiers are killing it through their own greed. Shervin Pishevar, the Silicon Valley venture capitalist who helped form Hyperloop in 2014, was accused in the lawsuit by fellow co-founder Brogan BamBrogan ...

  Bloomberg Lightstream Resources Ltd., a Canadian energy company struggling to repay creditors, is proposing a debt-for-equity swap that would see its top-ranked bondholders take majority ownership. The oil producer, facing a July 15 deadline to make an interest payment, has an agreement regarding the proposal with a committee representing 91.5 percent of the second-lien secured notes, the company said ...