Bloomberg The Dominican Republic established diplomatic relations with China, in a new blow to Taiwan as Beijing seeks to isolate the self-governed island. Chinese Foreign Minister Wang Yi signed the joint communique with his Dominican counterpart to establish ties at ambassadorial level in Beijing on Tuesday, China’s Central Television said in a Weibo post. Taiwan cut its relations with the ...

Bloomberg US stocks opened lower on Tuesday, when much attention will be focused on Apple Inc.’s earnings report after the close. The dollar extended its rally, while UK equities climbed during a lackluster session in which many major markets were closed. The S&P 500 Index fell in morning trading, with industrial and energy stocks leading a broad-based, if shallow, decline ...

Bloomberg Plus500 Ltd., the brokerage for complex derivatives sold to retail investors, soared to the highest on record as demand for cryptocurrencies swelled, while British lender Barclays Plc signalled it may begin to trade in similar products. Shares in Plus500 surged to the highest level since the Haifa-based firm first sold shares to the public in 2013, as revenue more ...

Jack Ma says he’s ready for China to make semiconductors at home. It’s a longstanding goal for the Chinese government. And thanks to a recent crackdown on certain technology exports by the US, it’s now a critical one. The question is whether China can finally conquer this challenge after decades of failures. Semiconductors are the building blocks of electronics, found ...

Who wears it best in online luxury? Investors are about to decide. Just as Cie Financiere Richemont is taking control of Yoox Net-A-Porter Group, rival Farfetch U.K. Ltd may be eyeing a $6 billion initial public offering. Though YNAP is a digital pioneer, it apes a traditional department store. It buys stock and holds it until it is sold to ...

What’s the difference between Boeing Co. and Airbus SE? One builds commercial aircraft, the other makes “gliders” (a pejorative term for passenger jets without engines.) Airbus shipped just 121 aircraft during the first quarter, the least since 2011, notes Bloomberg News’s Benjamin Katz this morning. That’s also one third fewer than Boeing managed in the same period. The main problem ...

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 ...

Bloomberg Japan’s traditional regional utilities, already defending their territory against nimbler new entrants, face a fresh threat: one of their own is now stealing customers thanks to cheaper nuclear-powered electricity rates. Kansai Electric Power Co. is one of a few utilities to restart atomic power plants, which will allow it to offer cheaper rates as it continues its expansion outside ...