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…
China to replace $140 billion LGFV debt with local bonds – Bloomberg News
BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News…
Adani Enterprises weighs exiting $6 billion Wilmar venture – Bloomberg News
(Reuters) -India’s Adani Enterprises is exploring selling its stake in its consumer-staple joint venture with Wilmar International, Bloomberg News reported on Tuesday, citing people familiar with the matter. The conglomerate has been…
Ex-FTX executive Salame talking to prosecutors about plea deal – Bloomberg
(Reuters) – Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges, Bloomberg News reported on Tuesday, citing people familiar…
Party City, Creditors in talks to spin off balloon business – Bloomberg News
(Adds attribution in headline) (Reuters) – Party City Holdco is considering splitting up its balloon manufacturing and retailing businesses as the latter charts a course out of bankruptcy, Bloomberg News reported on…
Trucking firm Yellow considers asset sale through bankruptcy filing – Bloomberg News
(Reuters) – Trucking firm Yellow is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this weekend, Bloomberg News reported on Friday, citing…
Fox, Flutter to close sports-betting business Fox Bet – Bloomberg News
(Reuters) – Fox and Flutter Entertainment plan to wind down their sports-betting business called Fox Bet starting as early as next month, Bloomberg News reported on Friday, citing people familiar with the…
Biden plans to sign order curbing US tech investments in China by mid-August -Bloomberg
(Reuters) – U.S. President Joe Biden is planning to sign an executive order to limit critical U.S. technology investments in China by mid-August, Bloomberg news reported on Friday, citing people familiar with…
Telefonica has approached Vodafone on Spanish broadband deal – Bloomberg News
(Reuters) – Telefonica has approached British telecoms group Vodafone about a potential deal involving internet broadband networks in Spain, the Spanish company’s chief operating officer told Bloomberg News on Friday. Telefonica had…
Ant Group plans restructuring, paving way for Hong Kong IPO – Bloomberg News
(Reuters) -Jack Ma-backed Ant Group is planning a restructuring that will break off some non-core operations of its China financial-related business, Bloomberg News reported on Tuesday, citing people familiar with the matter.…
Apple aims to keep iPhone shipments steady – Bloomberg News
(Reuters) – Apple is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before, Bloomberg News said on Monday citing people…
Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a leading role in helping slow inflation, among a raft of factors imposing…
US SEC removes ‘swing pricing’ from money market fund overhaul plan -Bloomberg News
(Reuters) – Money market funds are set for a reprieve on “swing pricing” when Wall Street’s top regulator votes on Wednesday to help control systemic risk in the money market and large…
Uber CFO Nelson Chai plans to step down – Bloomberg News
(Reuters) -Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO Dara Khosrowshahi…
Tesla starts to lay off some workers at China factory – Bloomberg News
(Reuters) – Electric car maker Tesla Inc is laying off some battery production workers at its Shanghai plant, Bloomberg News reported on Friday, citing people familiar with the matter. It was not…
CFTC investigators conclude Celsius, ex-CEO broke rules – Bloomberg News
(Reuters) -Commodity Futures Trading Commission (CFTC) investigators have concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the firm’s implosion, Bloomberg News reported on Wednesday.…
Alibaba exploring options for video platforms Youku, Tudou -Bloomberg News
(Reuters) – Alibaba Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on Tuesday, citing people familiar with the matter. One of the options under…
Spotify considering full-length music videos on app – Bloomberg News
(Reuters) – Spotify Technology is mulling adding full-length music videos to its app, which could help the music streaming platform compete with TikTok and Alphabet Inc’s YouTube, Bloomberg News reported on Friday,…
OPEC withholds media access to Reuters, Bloomberg, WSJ for July event
(Reuters) – OPEC has withheld media access to reporters from Reuters, Bloomberg and the Wall Street Journal to cover a meeting of oil industry CEOs with energy ministers from OPEC and its…
Blackstone weighing offers for Bellagio casino stake – Bloomberg News
(Reuters) – U.S. investment giant Blackstone Inc is fielding offers for half of its interest in the real estate of the Bellagio hotel in Las Vegas, Bloomberg News reported on Monday. The…
Odey suspends flagship hedge fund after redemption pressure – Bloomberg News
(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday. The company received…
Telecom Italia sounds out buyers for stake in enterprise unit -Bloomberg News
(Reuters) – Telecom Italia is restarting its efforts to sell a minority stake in its enterprise unit, potentially valued at more than 6 billion euros ($6.6 billion), Bloomberg News reported on Thursday,…
Intelsat, SES end talks on $10 billion merger – Bloomberg News
(Reuters) – Intelsat SA has ended negotiations to combine with SES SA as it was not able to reach an agreement with the satellite company and its major stakeholders, Bloomberg News reported…
Google seeks suppliers to move some Pixel production to India – Bloomberg News
NEW DELHI (Reuters) -Alphabet Inc’s Google has begun early conversations with domestic suppliers to move some production of its Pixel smartphone to India, Bloomberg News reported on Tuesday, citing people familiar with…
Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg
(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on…
China considers broad stimulus with property support, rate cuts -Bloomberg News
(Reuters) – China is considering at least a dozen stimulus measures including interest-rate reductions to support areas such as real estate and domestic demand, Bloomberg News reported on Tuesday citing people familiar…
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