Bloomberg Gold buyers in India, the biggest market after China, may give jewelry stores a miss in the run-up to the Diwali festival this year because of a surge in domestic prices to the highest level in more than two years. Bullion has climbed in local markets because of a weak rupee, and rising prices just before the celebrations of ...

Bloomberg Malaysia is keeping investors guessing as to what new taxes will be unveiled in next year’s budget. For now, the market is bracing for the worst: capital gains and consumption taxes. Levies on returns from capital investments may worsen stock declines. The benchmark equity index hasn’t recovered from last week’s steepest plunge in four months, after Prime Minister Mahathir ...

Bloomberg A strict immigration policy has helped make Japan one of the world’s oldest and most homogeneous societies. Now, Prime Minister Shinzo Abe’s plan to invite as many as half a million foreign workers is testing the country’s tolerance for change. Abe is preparing to introduce legislation to allow migrants to start filling vacancies next year in sectors worst hit ...

Bloomberg Uber Technologies Inc and Lyft Inc are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company could produce one of the most valuable offerings ever. In ...

Bloomberg Facebook Inc knew in early 2015 that it misled advertisers about the average time users spent viewing online video clips — and then lied about it, according to a lawsuit. The owner of the world’s largest social network acknowledged in September 2016 that it had inflated the metric for marketers, and said it fixed its calculations. Crowd Siren, the ...

Bloomberg Europe’s car lobby said a no-deal Brexit would threaten the very business model of companies operating in the UK and on the continent, urging negotiators to do everything in their power to avert a worst-case scenario on the eve of a summit in Brussels. Carmakers and suppliers’ steps to prepare for the event of a disorderly withdrawal from the ...

Bloomberg UK inflation slowed more than expected in September, dragged lower by the cost of food and transport fares. Annual consumer-price growth dip-ped to 2.4 percent from 2.7 percent in August, the Office for National Statistics said on Wednesday. The rate was lower than the median 2.6 percent forecast in a Bloomberg survey. Downward pressure came mainly from food prices, ...

Bloomberg International Business Machines Corp missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy to boost growth through new businesses like cloud and artificial intelligence. The shares slip-ped in extended trading. Revenue fell 2.1 percent to $18.8 billion in the third quarter, while analysts were expecting $19.1 billion. Cloud revenue, which ...

Bloomberg Netflix Inc is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher. After a stumble with its previous results, the world’s largest paid online TV network added far more subscribers than analysts expected in the third quarter. Netflix also issued an upbeat outlook for ...

On the road again, and full of indignation about, or perhaps admiration for, what he called ‘made-up’ and ‘fabricated’ Democratic accusations during the recent judicial confirmation turmoil, America’s feral president swerved into a denunciation of a nonexistent bill – “It’s called ‘the open borders bil’” — that, he thundered, “every single Democrat” in the Senate has “signed up for.” Now, ...