Walmart Inc. is starting to make moves that reveal its international ambitions. The retailing giant has agreed to sell its UK grocery chain, Asda, to rival J Sainsbury PLC in a transaction worth about $10.1 billion. Walmart will retain a 42 percent stake in the combined company. That splashy deal comes amid signs Walmart is considering other big changes to ...

Bloomberg The lone non-Asian trade minister at last week’s Southeast Asian leaders’ summit in Singapore, UK Trade Minister Greg Hands had plenty of room to make the case that Brexit won’t interfere with his country’s ambitious plans in the region. As it scrambles to roll over some 40 European Union trade deals into individual agreements with the UK, London has ...

Bloomberg Larsen & Toubro Ltd., India’s largest engineering and construction company, has agreed to sell its electrical unit to a consortium led by Schneider Electric SE, people with knowledge of the matter said. A deal, which values Larsen’s electrical and automation division at about 140 billion rupees ($2.1 billion) including debt, could be announced as soon as this week, said ...