Bloomberg A big trading scandal was the last thing Nasdaq Inc.’s Nordic power market needed. Once the kingpin of European electricity trading, activity on the world’s oldest power market is languishing at its lowest level since 1999 after some of the biggest banks, hedge funds and industrial consumers deserted the market as tougher regulation made buying and selling too expensive ...

Bloomberg With a suite of new devices and a market value of $1 trillion, Apple Inc. has given its investors cause to celebrate. That’s not the case for a number of its suppliers in Taiwan which have suffered from stagnating shipment growth. General Interface Solution Holding Ltd. is the worst performer in the MSCI Taiwan Index over the past year, ...

Bloomberg Go-Jek, Indonesia’s most valuable technology startup, is in talks to raise at least $2 billion to fuel an accelerated expansion overseas, according to a person with direct knowledge of the matter. The Jakarta-based company plans to close the funding round in several weeks, the person said, asking not to be identified because the information is private. The startup’s existing ...

Bloomberg Tencent Holdings Ltd. and Hillhouse Capital Management Ltd. are joining the throng of financial firms seeking to service the huge number of Chinese investors looking to diversify outside of the mainland. GaoTeng Global Asset Management Ltd., the duo’s one-year-old venture in Hong Kong, plans to start accepting money shortly from retail Chinese investors who have existing assets internationally, according ...

Bloomberg Link Motion Inc., a Beijing-based connected-car firm, said CEO Zemin Xu and two other top executives are resigning. Jia Lian has been appointed acting CEO to restructure management as part of new agreements with Zhongzhi Hi-Tech Overseas Investment Ltd., Link Motion said in a statement late Friday. Chief Financial Officer Roland Wu and General Counsel Justin Chen, who also ...

Bloomberg Hong Kong tycoon Victor Li’s CK Infrastructure Holdings Ltd., which owns energy and water utilities globally, is considering listing some UK assets through a London initial public offering, according to people with knowledge of the matter. CK Infrastructure (CKI) is speaking with investment banks about the listing of certain UK holdings through a potential multibillion-dollar fund, said the people, ...

Bloomberg A Duke Energy Corp. landfill near Wilmington, North Carolina, failed under the assault of Tropical Storm Florence, spilling about 2,000 cubic yards of coal ash that can carry toxic mercury, arsenic and lead. Authorities said they would investigate whether the pollutant had reached the Cape Fear River, but said it was not yet safe to inspect the site. As ...

Bloomberg Aston Martin Chief Executive Officer Andy Palmer said that Brexit is “a disaster for the industry on both sides of the Channel if there is no negotiated exit.” Palmer, a former executive at Japan’s Nissan Motor Co., spoke in an interview with the Mail on Sunday. He joins Jaguar Land Rover CEO Ralf Speth in calling out the risks ...

Bloomberg BMW AG unveiled the latest iteration of its planned electric-car flagship, morphing what started out as low-slung cruiser into a sporty SUV, as the German luxury-car maker scrambles to keep pace with rivals. The iNext concept — revealed inside a cargo plane — is close to the production version, which is set to be released in 2021, according to ...

Bloomberg The world’s biggest app stores are facing increasing pushback by developers over the high costs they charge for connecting their games with users — and new gaming platforms are looking to swoop in. Tallinn-based Ultra will take 15 percent from sales it generates through its digital store, in a bid to challenge companies such as Alphabet Inc.’s Google, Apple ...