Bloomberg Nissan Motor Co. may get a boost from a deepening relationship with Japan’s biggest trading house as access to battery materials becomes a priority amid the industry’s push into electric vehicles. Mitsubishi Corp. said it plans to double its stake in Mitsubishi Motors Corp., of which Nissan is the biggest shareholder. The trading company, which also owns mining assets, ...

Bloomberg Singapore remains a competitive destination for businesses even though it’s raising taxes and maintaining some restrictions on foreign workers, Minister for Trade and Industry S. Iswaran said. “When you take into account the whole scheme of taxes, including corporate tax regimes, personal tax regimes, I think Singapore still remains a competitive destination in relative terms,” Iswaran said. “We never ...

Bloomberg SoftBank Group Corp. is working with Nomura Holdings Inc. as it makes early preparations for an initial public offering of its domestic telecom business that could raise more than 2 trillion yen ($19 billion), said people with knowledge of the matter. SoftBank is considering marketing most of the offering to Japanese individuals, said the people, who asked not to ...

Bloomberg In a sign of the times, the organisation that speaks for and champions India’s $167 billion IT services industry will soon get its first female head. Intel Corp. veteran Debjani Ghosh takes over as president of the National Association of Software and Services Companies (NASSCOM) in April—three decades after its formation. After a two-decade career at the US chipmaker, ...

Bloomberg Hong Kong’s equity investors are rekindling their love for the newcomers. Four of the city’s recent listings surged on Wednesday after failing to hold on to their debut pops in 2017. Razer Inc. soared as much as 24 percent, while online car-financing provider Yixin Group Ltd. jumped 6 percent. E-book publisher China Literature Ltd. and ZhongAn Online P&C Insurance ...

Bloomberg Qualcomm Inc. raised its offer for NXP Semiconductors NV and cut a deal with investors who had been threatening to hold up the transaction— prompting a sharp response from its own hostile suitor Broadcom Ltd. Qualcomm’s sweetened offer of $127.50 a share—16 percent more than the previous price—was enough to secure support from holders, including activist Elliott Management Corp., ...

Bloomberg UK pay is picking up after employment among citizens of the eastern countries that joined the European Union more than a decade ago fell for the first time since 2009. Average weekly earnings excluding bonuses rose 2.5 percent in the fourth quarter from a year earlier, the most since December 2016, the Office for National Statistics said. The overall ...

Bloomberg The era of anemic productivity growth may be coming to an end in the US and Europe. So says the research arm of consultation company McKinsey & Co. in a new 147-page report. It argues that productivity could expand at a 2 percent-plus annual clip over the coming decade versus the roughly 0.5 percent pace in recent years. “We ...

Bloomberg UK PM Theresa May is asking the European Union for flexibility on the length of the Brexit transition period with just over a year before the country leaves the bloc. The UK has said it wants an implementation period to last around two years, while the European Union has stipulated an end date of December 31, 2020. But the ...

Bloomberg American business confidence in the world economy has surged, adding to an uptick in overall optimism as US tax cuts and looser regulation improve the outlook for domestic growth, according to a new study. Some 69 percent of leaders from mid-size companies across the US said they were optimistic about the global economy this year, more than double the ...