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Streamcast weighs London IPO

Bloomberg Streamcast Group, a firm whose technology enables streaming services and boosts networks in emerging markets, is considering an initial public offering as soon as next year, people familiar with the matter said. The company is aiming to list in London, though it’s also considered other venues, the people said, asking not to be identified because the deliberations are private. ...

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Nike, LVMH praise China’s efforts to combat piracy

Bloomberg Nike Inc. and LVMH, which have long struggled against knockoffs of their famous products, praised China’s efforts to fight intellectual property theft. US President Donald Trump has cited IP violations, including the counterfeiting of major brands, as justification for imposing tariffs on Chinese exports. But executives at the two companies were more charitable at the China International Import Expo ...

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DowDuPont plastic unit vows growth despite pollution fear

Bloomberg DowDuPont Inc. sought to reassure investors that its planned spinoff of one of the world’s biggest plastic makers will be unscathed by a groundswell of global concern about pollution. Jim Fitterling, who will lead the new company as chief executive officer, waved away worries that protests against plastic trash will weigh on the new stand-alone operation’s growth plans. He ...

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EU sees risks mounting in region’s economy

Bloomberg Global trade tensions, Italy’s fiscal battles and US overheating pose risks to the euro-area economy, the European Commission warned as it lowered its forecast for the coming year. While the list of threats in the commission’s report aren’t a surprise, they come amid mounting signs of a persistent slowdown in the euro area. The European Central Bank has said ...

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BMW urged to help finance diesel hardware upgrades

Bloomberg BMW AG is under pressure to drop its opposition to funding hardware upgrades on some diesel vehicles as German Chancellor Angela Merkel’s government continues efforts to defuse a crisis that’s damaging the country’s reputation as an automotive leader. Transport Minister Andreas Scheuer had summoned executives from BMW and rivals Volkswagen AG and Daimler AG to a meeting in Berlin ...

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ASML expects net sales to grow to $14.9bn by 2020

Bloomberg ASML Holding, Europe’s largest semiconductor equipment ma-ker, expects net sales to grow to 13 billion euros ($14.9 billion) by 2020, up from a previous forecast of 11 billion euros. The company already expected sales to reach the 11-billion euro mark for 2018. In a statement kicking off its investor day, ASML’s management said it expects to continue to return ...

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Americans seek realty gain from Brexit chaos

Bloomberg Quay House in London’s Canary Wharf is a two-story glass box nestled among some of the tallest buildings in Europe. Its latest owners have grand plans, potentially transforming it into a hotel closer in height to its 600-foot neighbours. The property is the first acquisition from FirethornTrust, a firm backed by two billionaire American families: the Van Tuyls, who ...

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Italy gets a warning from the 14th century

If you needed extra proof that Italy’s public debt is the main event in Europe, look no further than a document released last week by the so-called ‘New Hanseatic League’—a group of eight fiscally cautious eurozone countries named in homage to the group of northern European trading powers whose zenith was in the 14th century. The modern-day evocation of the ...

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Can they overcome distrust? Doubtful

President Donald Trump and Congress face a mountain of unfinished business — and chances are that most of it will stay unfinished. Of course, no one knows what will happen, and the president and congressional leaders of both parties have made the usual noises about cooperation. “There are a lot of good things that we can do together,” the president ...

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