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Bloomberg UK Prime Minister Theresa May is resisting the European Union’s timetable for Brexit talks and is calculating that US President Donald Trump might help her. While EU officials are signaling they want September to be a showdown moment in negotiations, the UK is aiming for a later deadline, according to a person familiar with the situation. May’s team thinks ...

Bloomberg Glencore Plc may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money. The company is facing a US corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the fallout from new US sanctions on ...

Bloomberg Automakers failing to cut greenhouse gas emissions risk writing a big check to the European Union. Manufacturers ranging from Renault SA to Mercedes-Benz maker Daimler AG are on the hook for total fines in excess of 14 billion euros ($16 billion), should they fail to comply with tighter emission regulation phased in from 2020 and in full force the ...

Bloomberg Daimler AG dropped plans to expand its business in Iran after the US renewed a host of sanctions and President Donald Trump threatened to penalise companies doing business in the country. The German carmaker has suspended its “limited” activities in Iran until further notice because of the trade curbs coming into effect on Tuesday, the Mercedes-Benz maker and biggest ...

Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

Let’s travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 percent in 1979). Many federal benefits, including Social Security, were (and are) tied to inflation. But was the inflation overstated, as many economists thought? If so, the economy might be doing better than repor-ted. To answer that question, the ...

Corporate executives and their accountants have long contended that the use of adjusted earnings, which ignore costs like acquisition expenses, interest payments or just about anything they find inconvenient, gives investors a better picture of companies’ performance. Under no circumstances is it manipulation, they say. But a new study suggests it just might be. The study, which will be presented ...

Masayoshi Son is a man of grand ambitions. But his dream of raising $30 billion in an initial public offering of his Japanese mobile-phone company may be a stretch. SoftBank Group Corp is seeking a valuation of about $90 billion for its domestic wireless business and is speaking to advisers about selling a third of the unit, Giles Turner, Ruth ...

In the year since melding two companies to create an asset management company with sufficient heft to compete globally, Standard Life Aberdeen Plc shares have lost almost a quarter of their value. Imagine how much worse life might have been without that merger. Standard Life suffered net outflows of 16.6 billion pounds ($21.5 billion) in the first half, it said ...

Energy dominance sure does seem to come with a hefty dose of self-flagellation. The latest bit of America’s energy sector to feel the over-the-shoulder lash is the liquefied natural gas-export business. LNG joined the list of goods that China will hit with tariffs in retaliation for US ones. This is problematic when you consider China has taken 13 percent of ...