Bloomberg Gold imports by India, the world’s biggest consumer after China, dropped 31 percent in October from a year earlier, according to a person familiar with matter. Inbound shipments fell to 66.8 metric tons in October, from 96.7 tons, said the person, who asked not to be identified because the data aren’t public. The figure would leave imports for the …

Bloomberg Toyota Motor Corp. raised its annual profit forecast for a second time this year, helped by a weaker yen and US sales that outpaced Ford Motor Co. In the three months to September, Toyota took a 15 percent share in the US—its biggest market—for the first time since 2009. Toyota outsold Ford every month in the quarter, with the …

Bloomberg India’s Tata Motors Ltd., owner of luxury car brand Jaguar Land Rover, is raising funds from the international syndicated loan markets after a gap of almost two years in a bid to lock in one of the lowest borrowing costs for a non-investment grade borrower. Tata Motors is marketing a 640 million-pound facility at 104 basis points more than …

Bloomberg With their anxiety spiraling over Brexit, Britain’s business leaders weren’t impressed by the pitch from the Conservative premier— or the Labour leader who wants her job. “The way that they’re managing the economy right now, the Conservative Party is a shambles,” Advanced Computer Software Group Chief Executive Officer Gordon Wilson said in an interview. As for opposition leader Jeremy …

Bloomberg BMW AG lost ground to global luxury-car leader Mercedes-Benz as profits from carmaking fell while the euro’s gains prompted the manufacturer to reduce its forecast for automotive revenue. Amid increased spending to refresh and expand its car lineup, BMW is now predicting a “slight” gain in 2017 auto revenue, compared with its previous forecast for a “solid” increase, the …

Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. …

Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a …

Bloomberg US President Donald Trump said that North Korea should “come to the table” and make a deal on its missile and nuclear programs. Speaking next to South Korean President Moon Jae-in in Seoul on Tuesday, Trump said he saw some progress in regards to North Korea, but declined to comment on holding direct talks with Pyongyang. He added that …

Bloomberg President Donald Trump touches down in Beijing on Wednesday seeking immediate wins for the world’s-biggest economy. His host, President Xi Jinping, is playing a longer game. Xi has mapped out a two stage blueprint: first, to entrench China’s manufacturing might by 2025 through a shift up the technology chain to high value-add products. Second, as laid out last month, …

Bloomberg A Kenyan politician and two activists lodged separate petitions at the Supreme Court seeking the annulment of results from last month’s presidential-election rerun, arguing the vote was illegal and wasn’t free and fair. Harun Mwau, a former lawmaker, filed a petition challenging the validity of the vote result, Judiciary spokeswoman Lilian Mueni said by phone from the capital, Nairobi. …