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Bloomberg The collapse of Tata Steel Ltd’s planned joint venture with Thyssenkrupp AG has brought the Indian group’s more than $13 billion of debt in focus, with no immediate prospect of its European unit being hived off. The deal would have transferred some of the debt to the joint venture, allowing the Mumbai-based company to sharpen its focus on ramping ...

Bloomberg As his company booked a $3.8 billion gain from its stake in Uber Technologies Inc, Masayoshi Son told SoftBank Group Corp investors that their time had finally come. Instead, they’re still waiting. The day after Son’s earnings presentation, SoftBank slid 5.4 percent and fell again on Monday, as dropping as much as 4.9 percent. Uber’s initial public offering was ...

Bloomberg Nissan Motor Co is opposing renewed efforts by alliance partner Renault SA to merge under a holding company because such a structure won’t help turn the Japanese carmaker around, a person with knowledge of the discussions said. Talks have been ongoing since Renault Chairman Jean-Dominique Senard first made an informal proposal to Nissan Chief Executive Officer Hiroto Saikawa, the ...

Bloomberg Europe has a long way to go if it’s to deliver on the hope sparked by recent economic numbers. While there are hints that the bloc’s sharp deceleration is ending, there’s no escaping fresh doubts over global trade, ongoing weakness in German manufacturing, uncertainty over China’s growth, and Brexit. That’s got some of Europe’s big corporate names continuing to ...

Bloomberg Economic growth in western Europe’s largest exporter of oil and gas slowed more than forecast in the first quarter, sending a warning to policy makers preparing for a third interest rate increase in June. Mainland gross domestic product, which excludes oil and shipping, expanded 0.3% in the quarter, Statistics Norway said in a statement on Monday. That was down ...

Bloomberg Intel Corp. Chief Executive Officer Bob Swan gave new long-term forecasts that indicate the chipmaker’s growth will remain stalled. His comments, during his first investor event as CEO, sent shares down 2.5% at the close of trading in New York. Intel last month said sales will decline in 2019 and it reduced forecasts for profit and revenue in the ...

Bloomberg Walt Disney Co.’s quest to become a digital-streaming giant will be an expensive endeavour, but the company can handle it. That’s the message of its latest earnings report, which exceeded Wall Street estimates and sent the shares up as much as 2.4% in late trading. Though profit fell 13% in the fiscal second quarter, that was better than what ...

Bloomberg Malfunctioning machines and hundreds of arrests for suspected vote buying are disrupting the Philippines’ midterm elections, with polling down to its final hour. Philippine President Rodrigo Duterte is poised for a majority win in both houses of Congress, even with slowing economic growth and controversial policies including a deadly drug war. Over 18,000 government positions are up for grabs ...

Bloomberg Vietnam is increasingly jailing “prisoners of conscience” for comments made on social media platforms such as Facebook Inc, Amnesty International said, urging the US to challenge the government over the growing arrests during talks this week. The number of imprisoned activists has increased to 128 from 97 last year as the government implements a new controversial cyber security law, ...

Bloomberg France’s parliament has been asked to open a probe into far-right political leader Marine Le Pen’s ties to Steve Bannon, President Donald Trump’s former adviser, and the potential access to top civil servants her party may have helped him get. The two chambers’ presidents will weigh the request by some lawmakers to investigate Le Pen for potential “collusion with ...