(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 to demand repayment this week,…
(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, Bloomberg News reported on Friday,…
(Reuters) – The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit…
(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, a former Apple executive and…
(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 said in a post on…
(Reuters) – Apple is planning to release several new models, including a faster MacBook Air and two updated iPads, early next year to help combat a decline in sales of…
(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. The 28th meeting of the…
(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 banking department altogether, Bloomberg News…
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 after he was convicted of…
(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 News reported on Wednesday, citing…
(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 Wednesday, citing an internal memo.…
(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 programs, Bloomberg News reported on…
(Reuters) – Ping An Insurance Group sold all of its shares in Country Garden Holdings Co and has no plans to acquire the distressed developer, Bloomberg News reported on Wednesday,…
(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 Monday, citing people familiar with…
(Reuters) – SpaceX is on track to book revenue of about $9 billion this year across its rocket launch and Starlink businesses with sales projected to rise to around $15…
(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 senior executives in favor of…
(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 limiting work with the gun…
(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), Bloomberg News reported on Wednesday,…
(Reuters) – China Evergrande Group held talks this week with creditors who had opposed its restructuring plan, Bloomberg News reported on Thursday citing people familiar with the matter. Representatives of…
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 with that of Western Digital,…
(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 reported on Tuesday, citing people…
(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, including the China Securities Regulatory…
(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 the social media platform last…
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 its streaming and television business…
(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 aluminium trade that would avert…