India finds rogue officials involved in US murder plot, Bloomberg reports
NEW DELHI (Reuters) – An Indian investigation has found that rogue officials, not authorised by the government, were involved in a foiled plot to kill … Read more
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US weighs sanctioning Huawei’s Chinese chip network, Bloomberg News reports
(Reuters) – The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co, Bloomberg News reported on Wednesday citing … Read more
Trump floats billionaire Paulson as potential Treasury chief, Bloomberg reports
(Reuters) – Donald Trump, who is set to face President Joe Biden in November’s presidential election, has talked about selecting billionaire hedge fund manager John … Read more
Peltz’s plan to fix Disney includes bundling ESPN+ with Netflix – Bloomberg News
(Reuters) – Activist investor Nelson Peltz believes Walt Disney can achieve profitability in streaming by bundling its ESPN+ online service with a larger player interested … Read more
Czech central bank’s Holub says bigger rate cut possible in Feb -Bloomberg News
(Reuters) – Czech policymakers could consider accelerating the pace of interest rate cuts as inflation ebbs to “relatively standard” levels, Czech National Bank (CNB) board … Read more
MacKenzie Scott trims Amazon Stake by $10 billion- Bloomberg News
(Reuters) – MacKenzie Scott, ex-wife of Amazon.com billionaire Chief Executive Jeff Bezos, sold 65.3 million shares in the ecommerce giant last year, Bloomberg News reported … Read more
Shein investors selling stock at 30% discount- Bloomberg News
(Reuters) – Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 … Read more
David Ellison makes offer for Paramount-owner National Amusements – Bloomberg News
(Reuters) -Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way … Read more
US aims to impose tighter curbs on civilian gun exports: Bloomberg
(Reuters) – The Biden administration is seeking to reduce the use of U.S.-made guns in foreign crimes and human rights violations by tightening oversight and … Read more
China says EU’s ‘unfair’ EV subsidies probe risks damaging ties- Bloomberg News
(Reuters) – China’s ambassador to the European Union called the EU’s probe into Chinese electric vehicle manufacturers over state subsidies “unfair”, Fu Cong told Bloomberg … Read more
US seeks to stop citizens’ data exploitation for blackmail, espionage – Bloomberg News
(Reuters) – The United States plans to announce a new executive order to seek to prevent foreign adversaries from accessing troves of highly sensitive personal … Read more
DeSantis discussing ending 2024 presidential campaign -Bloomberg reports, citing sources
WASHINGTON (Reuters) – Republican Florida Governor Ron DeSantis and aides are discussing options for ending his 2024 presidential campaign, perhaps before Tuesday’s New Hampshire primary, … Read more
Societe Generale plans job cuts in France to trim costs- Bloomberg News
(Reuters) – Societe Generale is preparing to cut hundreds of jobs in its home market as part of Chief Executive Officer Slawomir Krupa’s effort to … Read more
Liquidity risks worry IMF amid high debt, Gopinath tells Bloomberg News
(Reuters) – The International Monetary Fund is watching for potential market liquidity risks as countries refinance debt issued during the pandemic, its first Deputy Managing … Read more
Amazon’s Twitch to lay off 35% of workforce- Bloomberg News
(Reuters) – Amazon.com’s streaming unit Twitch is set to cut 35% of its staff, or about 500 workers, Bloomberg News reported on Tuesday, citing people … Read more
Microsoft executive Dee Templeton joins OpenAI board – Bloomberg News
(Reuters) – Microsoft executive Dee Templeton has joined OpenAI’s board as a non-voting observer as part of a broader boardroom revamp, Bloomberg News reported on … Read more
Apple’s iPhone design head to work with Jony Ive at LoveFrom – Bloomberg News
(Reuters) – Apple executive Tang Tan, who led design for the iPhone and Apple Watch, is set to join LoveFrom, Bloomberg News reported on Tuesday … Read more
High-speed transportation firm Hyperloop One to shut down – Bloomberg News
(Reuters) – High-speed freight transportation company Hyperloop One will shut down, having failed to win any contract to build a working hyperloop, Bloomberg News reported … Read more
Apple cannot repair older out-of-warranty watches during ban – Bloomberg News
(Reuters) -Apple customer service teams were informed in a company memo this week that it will no longer replace out-of-warranty models going back to Apple … Read more
S.Korea seeks fines on HSBC, BNP for naked short selling – Bloomberg News
(Reuters) -South Korea’s financial watchdog has recommended imposing a fine of at least 10 billion won ($7.67 million) each on HSBC Holdings and BNP Paribas … Read more
Apple ramps up Vision Pro production, plans February launch – Bloomberg News
(Reuters) -Apple is ramping up production of the Vision Pro mixed-reality headset, setting the stage for a launch by February, Bloomberg News reported on Wednesday … Read more
Morgan Stanley mulls private credit fund bet with balance sheet – Bloomberg News
(Reuters) – Lender Morgan Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from … Read more
HCSC, Elevance compete for Cigna Medicare Advantage unit – Bloomberg News
(Reuters) – Health Care Service Corp and Elevance Health are competing to acquire Cigna Group’s business providing medical coverage to those aged 65 and over, … Read more
UBS steps up efforts to recover cash from Credit Suisse defectors – Bloomberg News
(Reuters) – Swiss lender UBS Group AG has stepped up efforts to recoup hundreds of millions in cash bonuses that Credit Suisse paid to retain … Read more
X’s 2023 ad sales to slump to $2.5 billion – Bloomberg News
(Reuters) -Elon Musk’s social media platform X’s 2023 ad sales are projected to fall to about $2.5 billion, Bloomberg News reported on Tuesday. Several companies … Read more
China’s Country Garden may avoid yuan bond default after deal – Bloomberg News
(Reuters) – China’s Country Garden Holdings is likely to avoid its first default on yuan bonds after most holders of a local note agreed not … Read more
US FTC examining Microsoft investment in OpenAI – Bloomberg News
(Reuters) – The U.S. Federal Trade Commission is examining the nature of Microsoft’s investment in ChatGPT maker OpenAI, and whether it may violate antitrust laws, … Read more
EU considers restarting WTO case against US over steel tariffs – Bloomberg News
(Reuters) – The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute … Read more
Tesla’s Dojo supercomputer head leaves, former Apple exec to lead – Bloomberg News
(Reuters) -Tesla’s Dojo supercomputer project lead Ganesh Venkataramanan has left the company, Bloomberg News reported on Thursday citing people familiar with the matter. Peter Bannon, … Read more
Musk’s SpaceX approaches investors for another tender offer – Bloomberg News
(Reuters) – Elon Musk’s SpaceX has approached investors about another tender offer that would value the company at above $175 billion, a Bloomberg News reporter … Read more
Apple to launch new iPads, M3 MacBook Air to fight weak sales – Bloomberg News
(Reuters) – Apple is planning to release several new models, including a faster MacBook Air and two updated iPads, early next year to help combat … Read more
US Vice President Harris to attend COP28 climate summit in Dubai -Bloomberg News
(Reuters) -U.S. Vice President Kamala Harris will attend the COP28 climate summit in Dubai, Bloomberg News reported on Tuesday, citing people familiar with the matter. … Read more
Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News
(Reuters) – A team of bankers focused on healthcare at Citigroup has left for rival Jefferies Financial after the firm’s executives mulled closing the municipal … Read more
Turkey frees U.S. consulate employee whose jailing strained ties -Bloomberg
ISTANBUL (Reuters) – A Turkish former employee of the U.S. consulate in Istanbul was recently released from prison, Bloomberg News said on Monday, three years … Read more
Benko’s Signa unit seeks $2.2 billion funding amid property crisis – Bloomberg News
(Reuters) – Property tycoon Rene Benko-founded Signa Group’s Prime unit has approached investors to seek up to 2 billion euros ($2.17 billion) in funding, Bloomberg … Read more
Clorox’s cyber chief leaves as recovery from cyberattack continues – Bloomberg News
(Reuters) – Clorox’s chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on … Read more
China is eyeing $137 billion of new funding to boost housing market – Bloomberg News
(Reuters) – China plans to provide at least 1 trillion yuan ($137.22 billion) of low-cost financing to the nation’s urban village renovation and affordable housing … Read more
Ping An exited its Country Garden stake, has no takeover plan – Bloomberg News
(Reuters) – Ping An Insurance Group sold all of its shares in Country Garden Holdings Co and has no plans to acquire the distressed developer, … Read more
Shein targets up to $90 billion valuation in US IPO – Bloomberg News
(Reuters) – Shein is hoping for a valuation of as much as $90 billion for an eventual U.S. initial public offering, Bloomberg News reported on … Read more
SpaceX eyes $15 billion in sales next year on Starlink strength – Bloomberg News
(Reuters) – SpaceX is on track to book revenue of about $9 billion this year across its rocket launch and Starlink businesses with sales projected … Read more
Citi weighs shutting municipal-bond trading business – Bloomberg News
(Reuters) -Citigroup Chief Executive Officer Jane Fraser is weighing whether to shutter the bank’s municipal-bond trading and origination business, Bloomberg News reported on Friday. Citi’s … Read more
JPM CEO asks Texas to stop pushing anti-business bond laws – Bloomberg News
(Reuters) – JPMorgan Chase CEO Jamie Dimon said Texas risks hurting its business-friendly reputation with laws that seek to punish Wall Street banks for policies … Read more
Lloyds exploring sale of bulk annuities worth $7.3 billion – Bloomberg News
(Reuters) -Lloyds, Britain’s biggest mortgage lender, is exploring the sale of some assets from its pension provider Scottish Widows worth 6 billion pounds ($7.3 billion), … Read more
Evergrande held talks with creditors this week -Bloomberg News
(Reuters) – China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News reported on Thursday citing people familiar … Read more
Kioxia has reached out to JIC to invest in merger with Western Digital – Bloomberg News
TOKYO (Reuters) – Kioxia Holdings has reached out to state-backed Japan Industrial Partners (JIC) to invest in a planned merger of its flash memory business … Read more
Vanguard sells stake in joint venture with Ant – Bloomberg News
(Reuters) – U.S. asset management giant Vanguard Group has sold its 49% stake in a joint venture with Jack Ma-backed Ant Group Co, Bloomberg News … Read more
China considers new stabilization fund to prop up stock market – Bloomberg News
(Reuters) – China is considering creating a state-backed stabilization fund to shore up confidence in its equity markets, Bloomberg News reported on Thursday. Financial regulators, … Read more
US regulator probes Twitter security lapse before Musk took over – Bloomberg News
(Reuters) – The U.S. securities regulator is investigating how Twitter managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought … Read more
Disney in talks with Adani, Sun TV to sell India assets -Bloomberg News
BENGALURU (Reuters) -Disney has held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran as well private equity firms to sell … Read more
EU, US seek interim steel deal to avoid return of Trump tariffs – Bloomberg News
(Reuters) – Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and … Read more