Bloomberg Bharti Airtel Ltd.’s dollar-denominated bonds due in 2023 surged the most in five years after the company offered to buy back the securities at above the market price amid the risk of a rating downgrade. India’s second-biggest mobile phone carrier will pay $985 per $1,000 principal amount plus accrued interest for any or all of the $1.5 billion of ...

Bloomberg As Jack Ma prepares to step down as chairman of Alibaba Group Holding Ltd., he does so after the online sales promotion he has championed for a decade notched another record. In its 10th iteration, the annual Singles’ Day event on November 11 notched 213.5 billion yuan ($30.7 billion) in merchandise sales, an increase of 27 percent, according to ...

Bloomberg Netflix Inc. said it will test a lower-priced version of its film and television streaming service in some markets to boost sales. The company hasn’t committed to lowering prices anywhere, but does want to experiment, Chief Executive Officer Reed Hastings said. He didn’t say when or where the test would be conducted. A lower-priced offering would be a departure ...

Bloomberg SAP SE is making its largest acquisition yet as it battles startups including Salesforce.com Inc in selling software to clients that want to better understand their customers. The $8 billion purchase of Qualtrics International Inc., whose software gathers and analyses data, is meant to strengthen SAP’s offering in the customer relations management sector. That’s a field Europe’s biggest software ...

Bloomberg They’re getting a divorce but for currency traders, they’re almost as close as ever. Britain’s torturous settlement bid with the European Union has pushed the pound and euro in sync against the dollar as investors price risks on both sides of the Channel. The 40-day correlation between the two currency pairs has climbed back towards 0.80 and is nearing ...

Bloomberg General Electric Co. plunged towards its recession-era low and the company’s bonds fell sharply after an influential analyst slashed his price target. JPMorgan Chase & Co. analyst Steve Tusa cut his view on the shares 40 percent to $6, the lowest on Wall Street, citing rising liabilities, a weakening cash-flow outlook and poor third-quarter results on “almost all fronts.” ...

Bloomberg Dan Loeb’s Third Point has taken a new position in American Express Co., saying Chief Executive Officer Stephen Squeri has positioned the credit card company for exceptional earnings growth. Amex could trade higher than $135 per share in the next 18 months as it benefits from initiatives to capture more consumer, business and international customers, the New York hedge ...

Bloomberg The most destructive series of wildfires in California history co-uld cost the state, insurers and homeowners at least $19 billion in damages, as firefighters struggled to gain control in swirling wi-nds across vast swaths of state. The carnage caused by fires north of San Francisco and near Los Angeles could be on par with the type of destruction triggered ...

Reserve Bank of India’s reputation for honesty is a major asset in a country rife with corruption. India’s government and the central bank have had disagreements, but the relationship has never looked so irretrievably broken as it does now. Before the global financial crisis, the finance ministry saw the Reserve Bank of India (RBI) as an incompetent regulator, one that ...

A Donald Trump-inspired trade war between the US and China isn’t the reason for Alibaba Group Holding Ltd. trimming its optimism. China’s e-commerce giant now sees full-year revenue of 375 billion yuan ($55 billion) to 383 billion yuan, the company announced. That’s 4 percent to 6 percent lower than it had expected previously. But the weakness comes from a competitive ...