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 people familiar with the matter. The companies…
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 said in a post on X. Tender…
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 a decline in sales of the devices,…
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. The 28th meeting of the United Nations…
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 banking department altogether, Bloomberg News reported on…
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 after he was convicted of aiding a…
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 News reported on Wednesday, citing people familiar…
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 Wednesday, citing an internal memo. The incident…
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 programs, Bloomberg News reported on Tuesday, citing…
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, Bloomberg News reported on Wednesday, citing people…
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 Monday, citing people familiar with the matter.…
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 to rise to around $15 billion in…
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 senior executives in favor of closing it…
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 limiting work with the gun and fossil…
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), Bloomberg News reported on Wednesday, citing people…
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 with the matter. Representatives of Evergrande told…
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 with that of Western Digital, Bloomberg News…
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 reported on Tuesday, citing people familiar with…
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, including the China Securities Regulatory Commission (CSRC),…
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 the social media platform last year, Bloomberg…
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 its streaming and television business in the…
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 aluminium trade that would avert the re-imposition…
Sanofi to explore acquisition of cancer drugmaker Mirati- Bloomberg News
(Reuters) – Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is…
Malaysia sees greater savings from shift to targeted subsidy system – Bloomberg, citing minister
KUALA LUMPUR (Reuters) – Malaysia expects to save at least $1 billion to $2 billion a year from a shift to a targeted subsidy system in a bid to narrow its fiscal…
Walgreens considers former Cigna exec. Tim Wentworth as next CEO – Bloomberg News
(Reuters) – Walgreens Boots Alliance Inc is considering former Cigna Group executive Tim Wentworth to be its next chief executive, Bloomberg News reported on Friday, citing people familiar with the matter. The…
Fed’s Barkin says it’s too soon to say if another hike needed -Bloomberg TV
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday that it is not yet clear to him what the central bank will…
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