World

UK retail sales fall more than forecast

By BLOOMBERG
LONDON • UK retail sales plunged in March as snow and freezing temperatures kept consumers indoors and disrupted deliveries of stock. The ...

P&G to buy Merck’s consumer unit

By BLOOMBERG
HONG KONG • Procter & Gamble Co (P&G) agreed to buy Merck KGaA’s consumer health business for €3.4 billion (RM17 billion) to ...

Bubble? What bubble? Says German property firm Deutsche Wohnen

German homes have appreciated by about 60% since 2010, an unprecedented rise for a market that is slow to embrace home ...

Rusal said to discuss China deals to ease sanctions crunch

By BLOOMBERG
SINGAPORE • United Co Rusal plc officials met Chinese companies and traders this week to discuss the possibility of buying alumina and ...

China pushes for more Qualcomm concessions

By BLOOMBERG
BEIJING • Chinese regulators are seeking additional concessions from Qualcomm Inc before approving its proposed purchase of NXP ...

EU told to be more assertive on China to address investment gap

By BLOOMBERG
BEIJING • The European Union (EU) suffers a “significant gap in investment openness” with China that hurts the bloc’s interests, and needs ...

Stiglitz says true US-China trade accord ‘almost impossible’

The US refuses to recognise that China is a developing country. It is a fundamental right and China is  not going to give up that ...

Blackstone assets rise to RM1.8t in 1Q

By BLOOMBERG
WASHINGTON • Blackstone Group LP just keeps raking in money from investors. Total assets under management in the first quarter (1Q) jumped ...

Nestlé gets boost from US consumers

By BLOOMBERG
ZURICH • Nestlé SA is getting a boost from US consumers spending more on their pets as economic expansion buoys household finances. ...

Unilever plans RM29b buyback

By BLOOMBERG
LONDON • Unilever is buying back shares and raising its dividend, joining other consumer- goods giants adopting investor-friendly measures ...

Moon warns Kim deal hard to implement

Both sides should ‘eventually’ declare an end to their 68-year war, South Korea’s president says
By BLOOMBERG SEOUL • South Korean ...
Pakistan

China’s billions are set to revive Pakistan’s dilapidated railways

In the past decade, Pakistan’s rail network had become a byword for corruption, delays and filth. But a pledge from China has prompted authorities to ...