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Bloomberg Royole Corp., a maker of flexible displays, is seeking about $1 billion in a funding round ahead of an initial public offering, people familiar with the matter said. The Shenzhen, China-based company is seeking a valuation of at least $8 billion in the round as it seeks to expand its sales and marketing and research facilities, the people said, ...

Bloomberg India’s trade deficit narrowed more than estimated in February from a month ago, as imports fell owing to a sharp drop in oil purchase cost. The gap between exports and imports was $9.6 billion last month, compared with $14.7 billion in January, data released by the commerce ministry showed. The deficit is narrower than the $13.7 billion median estimate ...

Bloomberg Executives from Nissan Motor Co. and Mitsubishi Motors Corp. are exiting as part of a wider shuffle among the top ranks of the Japanese automakers’ alliance with Renault SA following the arrest of Carlos Ghosn in November. Arun Bajaj, the alliance’s senior vice president for human resources, exited Nissan as of March 11 after a leave of absence, the ...

Bloomberg Philippine tycoon Enrique Razon is pushing to build a new dam east of the capital to prevent another water shortage hitting thousands of people in Metro Manila as the dry season begins. Wawa Dam in Rizal province can be the nearest major source of bulk water and provide 80 million liters per day by 2021 and 540 million liters ...

Bloomberg This round of currency intervention in Hong Kong is far from over. That’s according to analysts, who’re watching the interplay between the amount of money in the city’s financial system and local borrowing costs. Shorting the Hong Kong dollar will remain profitable until the latter starts to go up sharply, and the monetary authority will spend at least another ...

Bloomberg New Zealand Prime Minister Jacinda Ardern said she will change gun laws as the country reels from a terrorist attack at two mosques that left 49 people dead and several still fighting for their lives. “While the nation grapples with a form of grief and anger that we have not experienced before, we are seeking answers,” Ardern told a ...

Bloomberg The head of an Indonesian political party backing President Joko Widodo’s bid for a second term has been named a suspect in a graft case involving job postings at the Religious Affairs Ministry. A politician only identified by his initials RMY, and two ministry officials are suspects, said Laode Muhammad Syarif, deputy of the Corruption Eradication Commission, in a ...

Bloomberg President Donald Trump issued his first veto, rejecting Congress’s effort to cancel his declaration of a national emergency to pay for a wall on the US-Mexico border, a centerpiece of his 2016 campaign. “Congress passed a dangerous resolution that, if signed into law, would put countless Americans in danger,” Trump said just before signing the veto in the Oval ...

Bloomberg An election in the heart of the European Union’s increasing populist eastern wing is poised to deliver a different kind of anti-establishment triumph. Sandwiched between Poland and Hungary — perennial thorns in the side of Brussels officials —Slovakia is set to pick as president an NGO lawyer who backs EU integration, vows to fight nationalism and wants to rebuild ...

Bloomberg Democratic presidential contenders are already making strategic decisions about where to dedicate campaign resources, putting heavy focus on select states because of a compressed primary calendar and an unusually crowded field. A cross-country sprint through 14 states to sort out winners and losers earlier than in past years. Democrats are making the first four states their top priority and ...