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Bloomberg HP Inc.’s shares declined as much as 13 percent after the company warned that sales for its high-margin printer supplies business would fall for the rest of the year, presenting a setback for its effort to boost profitability. HP printer supplies revenue will decline 3 percent for the rest of 2019, driven by weaker demand in Europe, the Middle ...

Bloomberg Fabio Schvartsman stepped down temporarily as chief executive officer of Vale SA as the world’s largest iron ore producer comes under increased government scrutiny for failing to prevent a second deadly burst of one of its hundreds of tailings dams in Brazil. “Even totally assured of my righteous ways and having fulfilled my duty, I request the board to ...

Bloomberg President Donald Trump’s pledge to his rural agricultural base to allow year-round sales of higher blends of ethanol is spurring differing opinions between two key federal agencies. US Agriculture Secretary Sonny Perdue told lawmakers in a House hearing that a final rule to allow widespread sales of those higher blends “won’t happen” by the summer-driving season following delays from ...

With the abrupt breakdown of the Hanoi summit, the diplomatic negotiations between the United States and North Korea got a reset, and that’s a good thing. If dialogue resumes, it will be on a firmer, more realistic basis. President Trump’s swoon for North Korean leader Kim Jong Un had worried many observers who feared the president would make a rushed, ...

Send out a search party for South Korea’s economy. Domestic activity is in a tough spot, but the Bank of Korea seems preoccupied with second-guessing the Federal Reserve and parsing any trade accord between the US and China. The central bank kept its benchmark interest rate at 1.75 percent on February 28, a non-step that was widely forecast. The flaw ...

Well, that’s a relief! Malaysian Finance Minister Lim Guan Eng says a global financial crisis-style recession isn’t likely today. “The January 2019 price decline was not caused by recession or any kind of weak demand … The same severe GDP contraction Malaysia suffered in 2009 is nowhere to be seen today.” Fantastic. But who says it’s the same? Throwing up ...

France’s Yellow Vest protest movement seems to be losing steam. Turnout is diminishing, public support is weakening, and anger has flared over anti-Semitism in its ranks. If the marchers are mostly staying home, though, the problems they identified haven’t gone away. In fact, they could define President Emmanuel Macron’s remaining time in office. The protesters first took to the streets ...

Sydney is a wonderful, modern town. But, over the past few days, all anyone here has wanted to talk to me about is that most 19th-century of industries: coal. It’s not hard to see why, after a startling report — quickly denied — that some Chinese ports had blocked shipments of Australian coal. The Australian dollar briefly tanked on the ...

Theresa May tried to execute a u-turn while claiming to remain utterly consistent. Having promised dozens of times to deliver Brexit on time on March 29, she told parliament she would support a short delay to the exit date if that was the wish of lawmakers. But her core message was unchanged: The choice before MPs next month will still ...

Philip Lane, the governor of the Central Bank of Ireland, is set to be the next chief economist of the European Central Bank (ECB) – a key policy-setting position. Lane is considered a monetary policy dove, but there’s more to his views on how the euro area should function. He has controversial positions on the need for a European safe ...