March, 2019

• 5 March

  China lowers growth target, cuts taxes as economy slows

  

  Bloomberg China lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the US. The gross domestic product (GDP) growth target released on Tuesday morning in Premier Li Keqiang’s annual work report to the National People’s Congress was ...

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• 5 March

  SoftBank raises $3b loan to help bridge funding gaps in deals

  

  Bloomberg SoftBank Group Corp.’s Vision Fund raised a $3 billion loan from banks including Goldman Sachs Group Inc. to help bridge funding gaps in deals, according to two people with knowledge of the matter. Goldman Sachs along with Mizuho Financial Group Inc. led the so-called capital call facility, said the people, asking not to be identified because the information is ...

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• 5 March

  Indonesia chases trade pacts to push exports

  Bloomberg Indonesia is going all out to strike trade pacts with about a dozen countries and blocs as US-China trade war hurts its shipments and threatens to worsen a current-account deficit. The urgency to seal as many trade pacts as possible stems from the need to reverse a slump in exports in the past three months, which sent the nation’s ...

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• 5 March

  Hyundai Home Shopping pressed by US investor to give back $365m

  

  Bloomberg One of Hyundai Home Shopping Network Corp.’s largest investors is calling for the company to return about $365 million in cash to shareholders, realign executive compensation and split off some of its businesses. Dalton Investments, which said its accounts and its clients own a 2.5 percent stake, said in a letter on Tuesday to Hyundai Home Shopping’s board that ...

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• 5 March

  Ghosn release on bail in doubt

  

  Bloomberg Carlos Ghosn’s impending release from a Tokyo jail is in jeopardy after prosecutors appealed a decision granting bail to the fallen car titan after 107 days in custody. The prosecution responded just hours after a Tokyo court approved the release of the former Nissan Motor Co. chairman on bail of 1 billion yen. The authorities didn’t disclose the reason ...

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• 5 March

  World’s dirtiest air is in India where pollution costs lives

  

  Bloomberg Seven of the top 10 most polluted cities in the world are in India, according to a new study showing South Asia’s battle with deteriorating air quality and the economic toll it’s expected to take worldwide. Gurugram, located southwest of India’s capital New Delhi, led all cities in pollution levels in 2018, even as its score improved from the ...

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• 5 March

  Made-in-America tax break may not pull US firms back onshore

  

  Bloomberg The US is giving American exporters a sizable tax break on the goods and services they sell overseas. But the benefit might not be enough to convince Corporate America to expand its US operations beyond what it was already planning. Instead, the deduction may be going to companies that were already going to export with or without the tax ...

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• 5 March

  PG&E faces more investor pressure on board selections

  

  Bloomberg PG&E Corp., the bankrupt utility giant being pressed by two activist investors to remake its board, may be receiving yet another set of director nominations. An ad hoc committee of shareholders being represented by the law firm Jones Day has discussed nominating at least nine board members, people familiar with the situation said. The committee is made up of ...

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• 5 March

  Vodafone plans to raise $4.5bn in convertible bond sale

  

  Bloomberg Vodafone Group Plc plans to raise about 4 billion euros ($4.5 billion) selling bonds convertible into shares to fund the acquisition of some of Liberty Global Plc’s European businesses without weighing down the phone giant’s balance sheet. The two sets of sterling-denominated securities, announced on Tuesday, will help pay for the $22 billion purchase of Liberty Global’s German and ...

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• 5 March

  Qualcomm puts value of patent portfolio on the line as Apple suit goes to trial

  

  Bloomberg Qualcomm is putting the value of its patent portfolio on the line in a California courtroom in its hometown to try to make Apple Inc. pay for using technology the chipmaker credits for the iPhone’s commercial success. It’s the first time a US jury will have a say in the two-year, sprawling global battle between the tech giants. Qualcomm ...

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