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Bloomberg Renault SA is aiming to restart merger talks with Nissan Motor Co within 12 months as the first step towards the creation of a bigger auto conglomerate that will involve a bid by both companies for Fiat Chrysler Automobiles NV, the Financial Times reported. The creation of a new alliance board led by Renault chairman Jean-Dominique Senard has improved ...

Bloomberg Google-backed Mobvoi is close to securing funding that will value the artificial intelligence startup at more than $1 billion before an initial public offering in China, people familiar with the matter said. The smartwatch and AI software developer is seeking to raise $100 million and plans to list on a proposed board for technology companies on the Shanghai bourse, ...

Bloomberg Embattled Singapore water treatment company Hyflux Ltd’s survival is looking shakier as disagreements with its rescuer deepen. Hyflux said in a filing that it disputes certain assertions by SM Investments, the consortium of Indonesian businessmen that had agreed last year to take a majority stake in the firm. At the same time, SM Investments is disagreeing with some terms ...

Bloomberg China said it’s scaling back subsidies on electric vehicles to encourage local manufacturers to rely on innovation rather than government assistance as the industry matures and costs fall. The cuts were deeper than expected and shares of the country’s top EV makers slid. The subsidy for pure battery electric cars with driving ranges of 400 kilometres (250 miles) and ...

Bloomberg The garden city of Singapore wants to be even more green. It also wants more homes in its central business district, and plans to move facilities underground to free up living space. As part of the plan to rejuvenate Singapore’s central area, a variety of homes and amenities in areas such as downtown, Marina South and Rochor will be ...

Bloomberg Singapore will allocate $535 million under a current plan to transform its economy into one that relies more on fields such as research and on companies that create new markets and jobs. The additional investment includes S$500 million for digital technologies such as artificial intelligence, super-computing and robotics under the five-year plan ending 2020, a government advisory panel on ...

Bloomberg Health insurer Centene Corp. agreed to buy managed-care provider WellCare Health Plans Inc. for more than $15 billion, expanding in the market for government insurance plans just as politicians in Washington appear to be gearing up for another health-policy clash. Centene, based in St. Louis, offered $305.39 per share in cash and stock for Tampa, Florida-based WellCare, the companies ...

Bloomberg Wirecard AG’s Chief Executive Officer Markus Braun tried to put fraud allegations behind him as questions persisted after an external probe failed to resolve issues from potential criminal behavior in Singapore to unexplained transactions. Braun said in an interview with Bloomberg TV on Wednesday that the company views the issue as closed, saying: “Everything is on the table. The ...

Bloomberg Some projects to develop new power cables between the UK and France are on hold because of uncertainties related to Brexit, throwing into question the delivery of infrastructure intended to reduce electricity costs in the UK. Work continues on two new interconnectors that were already under construction between the countries. However, talks on 3 other subsea power lines have ...

Bloomberg Filings for US unemployment benefits fell more than expected to a four-week low, as the labour market tightens further following the end of a five-week government shutdown. Jobless claims fell to 221,000 in the week that ended on March 16, beating economist forecasts for 225,000, Labor Department figures showed. The four-week average, a less-volatile measure, ticked up to 225,000 ...