China’s property market curbs fail to deter investors

  Bloomberg The world’s hottest property stocks are to be found in China as tougher measures to cool real estate prices fail to deter investors. Chinese companies account for nine of the 10 best performers this year on the Bloomberg World Real Estate Index. Among members of the MSCI China Index, Country Garden Holdings Co., Sunac China Holdings Ltd. and ...

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India steel output to more than double by 2031

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

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Biggest Indian store chain gains from cash ban

  Bloomberg Future Retail Ltd., India’s biggest department store chain that gained from the government’s surprise currency clampdown, still has room to extend the rally that’s more than doubled its market value this year. The shares of the food-to-fashion retailer are set to rally 22 percent in the next 12 months, according to the average analyst price target compiled by ...

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India steel output to more than double by 2031

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

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VW plans all-electric car for China next year

  Bloomberg Volkswagen, Europe’s biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline. The announcement on Tuesday comes on the eve of the Shanghai auto show, which showcases industry efforts to create electric models with consumer appeal. General Motors Co.’s Buick unit and ...

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Apple set for iPhone overhaul for 10th anniversary

  Bloomberg Ten years after Steve Jobs held up the original iPhone to a gushing San Francisco crowd, Apple Inc. is planning its most extensive iPhone lineup to date. Apple is preparing three iPhones for launch as soon as this fall, including upgraded versions of the current two iPhone models and a new top-of-the-line handset with an overhauled look, according ...

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Germany venture capitals on hunt for software startups

  Bloomberg Despite a lack of big consumer deals, and Berlin losing out to London as the European hub of venture capital, German investors have notched an up-tick in deals over the first quarter and are on the hunt for software startups. Venture capital firms invested $467 million across 87 equity deals in German-based startups in the first quarter, according ...

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Trump seeks shift in tech outsourcing visa allotments

  Bloomberg President Donald Trump was expected to take aim at information-technology outsourcing comp- anies on Tuesday when he orders a review of H-1B visa programs to favor more skilled and highly paid applicants. An administration official who briefed reporters in advance named Tata Consultancy Services, Cognizant Technology Solutions Corp. and Mphasis Corp. as examples of outsourcing companies that would ...

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Post Holdings to buy Weetabix in $1.8bn deal with Bright Food

  Bloomberg US cereal company Post Holdings Inc. agreed to buy Weetabix Ltd. from Bright Food Group Co. of China for 1.4 billion pounds ($1.8 billion), adding the British breakfast staple to a portfolio that includes Grape Nuts and Honey Bunches of Oats. The deal for the maker of oval-shaped cereal bricks gives Post a stronger presence in the UK, ...

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Saudi Arabian bonds provide much-needed breathing room

  Saudi Arabia blazed the global debt capital markets with its first-dollar denominated Islamic bond offering. The $9 billion bond attracted more than three times as many bids as were offered. The money will provide additional breathing room to the government’s finances, just as the $17.5 billion international bond debut last year, which was the largest of its kind in ...

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