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…
Ryanair expects delivery disruptions from Boeing to linger through mid-2024 – Bloomberg News
(Reuters) – Ryanair faces broad delivery delays of the 737 Max aircraft as Boeing deals with the latest supplier glitch afflicting the jet, with disruptions poised to linger through mid-2024, Bloomberg News…
Crypto exchange Kraken to offer US-listed stocks’ trading – Bloomberg News
(Reuters) – Crypto exchange Kraken is planning to offer trading in U.S.-listed stocks and exchange-traded funds, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Kraken will initially offer…
Some Sri Lanka creditors seeking debt restructuring deal without China – Bloomberg News citing sources
(Reuters) – Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on…
Senate Republicans and Democrats near deal to help avoid govt shutdown – Bloomberg News
(Reuters) – U.S. Senate Republicans and Democrats are nearing an agreement on a short-term spending measure intended to avoid a US government shutdown on Oct. 1, Bloomberg reported on Monday, citing a…
Michael Bloomberg outlines succession plan for media empire – NYT
(Reuters) – Michael Bloomberg, co-founder of Bloomberg LP, outlined a succession plan for the financial information and news company, saying that his foundation Bloomberg Philanthropies will inherit it and then eventually sell…
Canada’s Stelco Holdings is said to weigh bid for U.S. Steel – Bloomberg News
(Reuters) – Canada’s biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported on Thursday,…
UAE mulls export controls on items sanctioned by US, EU – Bloomberg
(Reuters) – The United Arab Emirates is considering introducing export licenses for a list of items including chips and other components sanctioned by the U.S. and European Union and used by Russia’s…
Country Garden wins approval to extend yuan bond – Bloomberg News
(Reuters) – Chinese property developer Country Garden won bondholders’ approval on the last of a batch of eight local notes it sought to stretch out repayments on, Bloomberg News reported on Tuesday.…
Salesforce to hire 3,300 people after layoffs earlier this year- Bloomberg News
(Reuters) -Cloud-based software firm Salesforce Inc is hiring 3,300 people across various departments after cutting 10% jobs in January this year, Bloomberg News reported on Thursday, citing CEO Marc Benioff. “Our job…
US looks to offload $13 billion of mortgage bonds seized from SVB, Signature – Bloomberg News
(Reuters) – The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, Bloomberg News…
UK’s Hunt to focus on reducing inflation in November budget update – Bloomberg
LONDON (Reuters) – British finance minister Jeremy Hunt will focus his Nov. 22 budget update on reducing inflation and does not expect forecasts to show the government has extra money to spend,…
Walmart to explore buying majority stake in ChenMed -Bloomberg News
(Reuters) – Walmart Inc is exploring buying a majority stake in ChenMed, a closely held operator of primary care clinics for seniors, Bloomberg News reported on Friday. The companies are in talks…
Alibaba’s grocery unit IPO put on ice amid disappointing valuation – Bloomberg News
(Reuters) -China’s Alibaba Group Holding Ltd is putting a potential Hong Kong initial public offering of its Freshippo grocery chain on hold amid weak sentiment for consumer stocks, Bloomberg News reported on…
Zoom talks with regulators on Microsoft competition concerns – Bloomberg News
(Reuters) – Zoom Video Communications has met with regulators from the United States, European Union and other jurisdictions to outline concerns about Microsoft’s alleged anti-competitive behavior, Bloomberg News reported on Thursday. The…
Weinstein group revises Sculptor bid after board’s concerns -Bloomberg News
(Reuters) – Wall Street investor Boaz Weinstein and his group of bidders have revised their offer to buy hedge fund firm Sculptor Capital Management, Bloomberg News reported on Wednesday, citing people familiar…
Wilson tennis racket maker Amer Sports files for US IPO – Bloomberg News
(Reuters) -Amer Sports, the maker of Wilson tennis rackets and Salomon ski boots, has confidentially filed for a U.S. initial public offering (IPO) that could value the group at as much as…
US officials weigh pathway to let more firms tap Federal Home Loan Banks – Bloomberg News
(Reuters) – U.S. officials are exploring ways to allow a broader base of financial firms, including nonbank mortgage lenders, to borrow from Federal Home Loan Banks, Bloomberg News reported on Wednesday, citing…
Lordstown hopeful to find buyer for all or some parts of business – Bloomberg News
(Reuters) – Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing…
Boeing prepares 737 MAX deliveries to China – Bloomberg News
(Reuters) – Boeing Co is preparing to restart deliveries of its 737 MAX jets to China after a four-year halt, Bloomberg News reported on Friday, citing people familiar with the matter. The…
ECB must be stubborn to root out inflation, Bundesbank president tells Bloomberg
(Reuters) – Underlying inflation in the euro zone remains sticky and monetary policy needs to be more stubborn than price growth, Bundesbank President Joachim Nagel told Bloomberg TV on Thursday. Nagel said…
Thoma Bravo to close $2.3 billion ForgeRock deal after DOJ nod – Bloomberg News
(Reuters) – Private equity firm Thoma Bravo will complete its $2.3 billion acquisition of software firm ForgeRock after the U.S. Department of Justice declined to challenge the deal, Bloomberg News reported on…
DuPont to sell Delrin resins unit to PE firm for around $1.8 billion – Bloomberg News
(Reuters) – Materials and chemicals maker DuPont De Nemours Inc is in advanced talks to sell its Delrin resins unit to private equity firm The Jordan Company for about $1.8 billion, Bloomberg…
Goldman plans hiring spree to fix lapses after increased Fed scrutiny – Bloomberg
(Reuters) -A fresh bout of U.S. regulatory scrutiny is setting off a hiring spree at Goldman Sachs, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The Wall Street…
US to escalate claim that Mexico corn policy violates trade pact -Bloomberg News
(Reuters) – The United States is preparing to escalate its complaint that Mexico’s ban on genetically modified corn violates the neighbours’ free-trade deal, Bloomberg News said on Thursday. The office of the…
Hollywood studios offer new concessions to striking screenwriters – Bloomberg News
(Reuters) -Hollywood studios have made a new offer to striking screenwriters that includes concessions on issues such as the use of artificial intelligence and access to viewer data, Bloomberg News reported on…
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