Bloomberg NIO Inc., the electric-car maker backed by technology giant Tencent Holdings Ltd., filed for a $1.8 billion initial public offering as it gears up to compete against the likes of Tesla Inc. The company applied to list its American depositary shares on the New York Stock Exchange under the symbol NIO, and the $1.8 billion registration amount is a ...

Bloomberg Singapore hasn’t received any formal request from Malaysia to return financier Low Taek Jho’s private jet, part of the billions of dollars in assets that PM Mahathir Mohamad is seeking to claw back. “An aircraft that is the subject of ongoing 1MDB-related investigations is parked at Seletar Airport,” a representative for Singapore’s police said in response to queries. “Singapore ...

Bloomberg South Korea’s government will tell owners of some BMW AG cars in the country to keep the vehicles off the roads until the German carmaker completes safety checks to address a defect after reports of nearly 40 cases of fire this year alone. After announcing a recall of more than 106,000 BMW cars in the country, the transport ministry ...

Bloomberg His supporters are descending on Brazil’s capital by the busloads, his lawyers wage legal battles, and his party stages hunger strikes, sit-ins, and news conferences in defense of his right to bid for the country’s top job. In public, allies of former President Luiz Inacio Lula da Silva are pulling out all the stops to get the imprisoned leftist ...

Bloomberg UK police launched a counter-terrorism inquiry after a car crashed into barriers outside Parliament on Tuesday. Three people were injured in the incident, which bears similarities to a deadly attack last year. The driver, a man in his late 20s, was arrested at the scene on suspicion of terrorist offenses, the Metropolitan Police said. Though he has not yet ...

Bloomberg More than 80 cars were set ablaze in cities across southwestern Sweden overnight as groups of masked youths threw stones and started fires in what may have been a coordinated action. In the Frolunda neighbourhood of Gothenburg, Sweden’s second-largest city, 31 cars burned and 35 were damaged as a group of 6-8 masked youths threw stones and started fires, ...

Bloomberg A bridge on the main highway running down the Italian Mediterranean coast in the port city of Genoa has collapsed, and reports said at least 20 people died with others trapped in the rubble. Shares of Atlantia SpA, which runs the stretch of highway, fell almost 11 percent in Milan, the company’s biggest intraday drop since 2008. Atlantia Chief ...

Bloomberg President Nicolas Maduro took to the airwaves to tell Venezuelan drivers that the days of being able to fill up their tanks with some of the cheapest gasoline in the world were over. From August 15-17, drivers must register to receive subsidies for gasoline purchases, and those who do not will have to pay international prices for fuel. Maduro, ...

Bloomberg Special Counsel Robert Mueller’s Russia investigation hasn’t yet become a top issue for most voters. But when it comes to fundraising, Democrats and Republicans battling for control of Congress in November are using the probe to cash in. Some Democrats are pitching to donors that they’ll prevent Mueller’s ouster or other interference by President Donald Trump. Republicans are telling ...

Bloomberg Ensign Energy Services Inc. went hostile with a roughly C$470 million ($358 million) cash bid for Trinidad Drilling Ltd. after objecting to the terms of a confidentiality agreement the rival oilfield-service company wanted it to sign to engage in negotiations. Trinidad’s demand for “a lengthy standstill provision” wasn’t in the best interest of shareholders, Calgary-based Ensign said. Standstill agreements ...