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Dewan Housing Finance Discusses Debt Revamp With Bondholders

Cash-strapped Dewan Housing Finance Corp. is in discussions with its bondholders to revamp its debt as the Indian mortgage lender tries to shore up its financials after posting its first quarterly loss in more than a decade. In a meeting with its rupee bondholders last week, Dewan Housing discussed...

Ericsson Ends Run of Forecast-Beating Results With Asia Warning

Ericsson AB posted earnings that missed analyst estimates for the first time in six quarters and said its rollout of 5G mobile networks in Asia would weigh on profitability, in a rare setback for Chief Executive Officer Borje Ekholm’s turnaround efforts. The Swedish network equipment vendor’s...

India Turbine Maker Slumps After Missing Dollar Bond Payment

Suzlon Energy Ltd., which became India’s biggest convertible-note defaulter in 2012, slumped in Mumbai after missing payments on dollar-denominated convertibles due Tuesday. Shares of the stressed wind-turbine maker fell as much as 8.6% in trading on Wednesday after missing a July 16 deadline to...
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U.S. Sanctions Myanmar Military Officials for Rohingya Abuses

The U.S. State Department has sanctioned four Myanmar military officials including its commander-in-chief for “gross human rights violations” against Rohingya Muslims in western Rakhine State, according to a statement published on Tuesday. Secretary of State Michael Pompeo said there had been a “...

Tesla Says It Cut Prices of Vehicles Shipped to China

Tesla Inc. cut prices for all vehicles shipped to China to help boost sales in its second-largest market. The starting price of the imported Model 3 sedan was lowered to 355,900 yuan ($51,764) from 377,000 yuan, according to a list provided by a Tesla representative on Tuesday. Prices of the Model...

‘Game of Thrones’ Sets Emmy Record, Vaulting HBO Past Netflix

“Game of Thrones” earned the most nominations of any program in the history of the Emmy Awards on Tuesday, vaulting HBO past Netflix Inc. in the race for the top prizes at the TV industry’s biggest ceremony. “Thrones” received 32 nominations, including best drama series, eclipsing a mark set by “...

Hong Kong's Economy Starts to Feel the Hit from Protest Chaos

Hong Kong is beginning to reckon with the economic cost of ongoing protests against the government’s extradition bill, as the disruption risks driving away local shoppers and deterring tourists from mainland China. The Hong Kong Retail Management Association said Tuesday that “most members”...

Kremlin’s Growth Hopes Face New Headwinds as Economy Sputters

A tide of weak reports are casting doubt on the government’s optimistic economic forecasts for the second half. “There are a lot of worrisome signals from the second quarter,” said Natalia Orlova, chief economist at Alfa Bank in Moscow. “My forecast for the year is for 0.8% growth, but if there are...

France to Tax Facebook, Google In Spite of U.S. Trade Threat

France won’t back off from its planned tax on companies like Facebook Inc. and Alphabet Inc.’s Google even after the U.S. suggested it may use trade tools against the levy. The French Senate passed a bill on Thursday to impose a 3% tax on global tech companies with at least 750 million euros ($845...

Trump Just Picked Another Fight With Macron

As the U.S.’s first and oldest ally, France has had its ups and downs with Washington since their treaty of 1778. The Trump administration's latest actions treat France more like an enemy, and risk sending relations with President Emmanuel Macron to a new low. The U.S. is to investigate French...

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