Bloomberg Suzuki Motor Corp., the Japanese manufacturer known for its minicars, exited China as consumers in the world’s biggest auto market shifted purchases to larger sedans and sport utility vehicles. Suzuki agreed to transfer its 50 percent stake in Changan Suzuki — its last remaining Chinese venture — to Chongqing Changan Automobile Co. as soon as legal proceedings are completed, ...

Bloomberg Typhoon Jebi swept through western Japan on Tuesday as the strongest tropical cyclone to come ashore in 25 years, causing widespread power outages and flooding the region’s main airport. One person was reported killed. The storm paralysed the country’s second-largest population center around Osaka, with companies forced to temporarily close their plants, and power cut to more than 800,000 ...

Bloomberg In a move aimed at cutting tax evasion, China will start exchanging information on residents’ financial investments with about 100 other countries from this month. The information exchange will give tax officials a better view of Chinese residents’ overseas financial investments and earnings. The change is part of the Common Reporting Standard, a global agreement on sharing tax data ...

Bloomberg The US-China trade war threatens to make September a very slow month at ED Opto Electrical Lighting Co.’s auto-parts factory in the eastern Chinese city of Zhenjiang. With President Donald Trump slapping tariffs on items like car gaskets and ignition wiring sets in July, American buyers of the company’s LED car lights pushed hard over the summer to get ...

Bloomberg Tesla Inc.’s lead in battery technology gives it a cost advantage that may last for several years and help US electric-car maker face down an onslaught of new competition, according to research from Bloomberg New Energy Finance. Batteries made by the US manufacturer and its Japanese partner, Panasonic Corp., require less cobalt, the metal whose price has shot up ...

Bloomberg French reinsurer Scor SE spurned an 8.3-billion-euro ($9.6 billion) unsolicited takeover offer from its biggest shareholder, Covea, which said it’s still interested in pursuing a deal. Scor shares climbed the most in almost a decade. Covea, a French mutual insurer that already has an 8.2 percent stake in Scor, said that it offered to buy the remaining stock for ...

Bloomberg UK construction growth slowed more than forecast in August, providing further evidence that the nation’s economy is losing momentum. IHS Markit’s Purchasing Managers’ Index for the industry fell to 52.9 last month from a 14-month high of 55.8 in July, the firm said on Tuesday. The reading was the lowest since May and below the 54.9 forecast by economists ...

Bloomberg Tropical Storm Gordon will grow into a hurricane as it grazes offshore natural gas and oil fields, where it has already sparked evacuations, before coming ashore over the lower Mississippi Valley later on Tuesday or early Wednesday. Gordon, with top winds of 65 miles (100 kilometres) per hour, was about 230 miles east-southeast of the mouth of Mississippi River, ...

When they discuss the currency crisis, senior officials from Argentina and the International Monetary Fund (IMF) will seek a response that strikes a balance between domestic policy changes and external financing aid, a task that has been complicated by political and trust issues. While Argentina is almost certain to get some concessions from the IMF, a decisive solution will be ...

Aren’t the strong meant to end up eating the weak? That’s not what’s happening in Australia, where Vodafone Hutchison Australia Ltd. or VHA — an unlisted company with negative net assets and A$7.57 billion of net debt at the end of 2017 — is on paper carrying out a takeover of TPG Telecom Ltd. While the deal is billed as ...