Pinterest cuts about 150 jobs – Bloomberg News
(Reuters) – Pinterest Inc is laying off about 150 employees, or less than 5% of its total workforce, Bloomberg News reported on Wednesday, joining a …
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U.S. secures deal with Netherlands, Japan on China chip export limit – Bloomberg
WASHINGTON (Reuters) – The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China …
IBM to cut 3,900 jobs – Bloomberg News
(Reuters) – International Business Machines Corp will cut 3,900 roles, or about 1.5% of its global workforce, its chief financial officer, James Kavanaugh, told Bloomberg …
CDC chief to create new offices to boost public health response – Bloomberg News
(Reuters) -The U.S. Centers for Disease Control and Prevention Director Rochelle Walensky is creating new offices as part of the agency’s revamp to prioritize public …
DOJ poised to sue Google over digital ad market dominance – Bloomberg News
(Reuters) -The U.S. Justice Department is poised to sue Alphabet Inc’s Google as soon as Tuesday regarding its dominance over the digital advertising market, Bloomberg …
Bloomberg to pay $5 million to settle SEC charges related to fixed-income valuations
By Chris Prentice NEW YORK (Reuters) – Bloomberg Finance LP has agreed to pay a $5 million fine to settle charges from the U.S. Securities …
Spotify to cut staff as soon as this week – Bloomberg News
(Reuters) – Spotify Technology is planning layoffs as soon as this week to cut costs, Bloomberg News reported on Sunday, joining the likes of Alphabet …
Citigroup hikes pay for junior bankers despite tough year – Bloomberg News
(Reuters) – Citigroup Inc is boosting compensation for most of its junior bankers by as much as 15%, Bloomberg News reported on Wednesday, highlighting the …
ECB’s Villeroy reaffirms determination to get inflation down to around 2% -Bloomberg TV
PARIS (Reuters) – European Central Bank (ECB) member Francois Villeroy de Galhau reaffirmed on Wednesday his determination to bring inflation in the euro zone down …
Apple indefinitely postpones launch of AR glasses – Bloomberg News
(Reuters) – Apple Inc has postponed the launch of its lightweight augmented-reality glasses indefinitely due to technical challenges, but is still planning to unveil its …
Apple may add touch screens to Mac computers – Bloomberg News
(Reuters) -Apple Inc is actively working on adding touch screens to its Mac computers, Bloomberg News reported on Wednesday, citing people familiar with the project. …
Credit Suisse nears deal to buy Michael Klein’s advisory firm – Bloomberg News
(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. …
Goldman Sachs to cut about 3,200 jobs this week after cost review – Bloomberg News
(Corrects to clarify in the first paragraph that it’s one of the biggest rounds of job cuts, and not the biggest) (Reuters) – Goldman Sachs …
China may ease ‘three red lines’ property rules – Bloomberg News
(Reuters) – China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the “three red lines” …
U.S. authorities probe FTX engineer Singh -Bloomberg News
(Reuters) – U.S. authorities are investigating the chief engineer of bankrupt crypto exchange FTX, Nishad Singh, ratcheting up pressure on founder Sam Bankman-Fried’s inner circle, …
U.S. examining crypto wallets linked to FTX’s Bankman-Fried – Bloomberg News
(Reuters) – Federal prosecutors are looking into a series of crypto transactions that online analysts have tied to digital wallets associated with Sam Bankman-Fried, Bloomberg …
FTC deepens probe into Twitter’s privacy, security practices- Bloomberg News
(Reuters) – The United States Federal Trade Commission (FTC) is deepening its probe into Twitter Inc’s privacy and data security practices, Bloomberg News reported on …
Tesla plans to announce Mexico EV plant as soon as next week -Bloomberg News
(Reuters) – Tesla Inc is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the …
Blackstone’s real estate fund for wealthy prompts SEC queries – Bloomberg News
(Reuters) – The U.S. Securities and Exchange Commission (SEC) has reached out to Blackstone Inc following an increase in investors pulling money from its real …
Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News
(Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan …
China’s new state-run agency to start iron ore purchases -Bloomberg News
BEIJING (Reuters) -China Mineral Resources Group (CMRG), a new state-owned agency, is set to be the world’s biggest iron ore buyer as soon as next …
Philippines central bank chief flags more rate hikes to tame inflation – Bloomberg TV
MANILA (Reuters) – The Philippines central bank will likely have to continue raising rates at its next two meetings to ensure inflation returns to within …
Ford, China’s CATL considering building U.S. battery plant -Bloomberg
(Reuters) – Ford Motor Co and China’s Contemporary Amperex Technology Co Ltd (CATL) are considering building a battery plant in Michigan or Virginia to reap …
U.S. to add over 30 Chinese companies to trade blacklist -Bloomberg News
(Reuters) – The Biden administration plans to place Chinese chip maker Yangtze Memory Technologies (YMTC) and 35 other Chinese firms on a trade blacklist that …
Juul agrees to pay $1.2 billion in youth-vaping settlement – Bloomberg News
(Reuters) – Juul Labs Inc has agreed to pay $1.2 billion to resolve about 10,000 lawsuits targeting the e-cigarette maker as a major cause of …
UniCredit faces higher ECB capital requirement as risks rise – Bloomberg News
(Reuters) – UniCredit SpA is facing the possibility of higher capital requirements next year, with the European Central Bank (ECB) seeking to ensure the Italian …
Unilever mulls $3 billion sale of some U.S. ice cream brands – Bloomberg News
(Reuters) -British consumer goods giant Unilever is considering the sale of a portfolio of U.S. ice cream brands such as Klondike and Breyers, that could …
Tesla to shorten Shanghai shifts, delay hiring – Bloomberg News
(Reuters) – Tesla Inc will shorten shift hours at its Shanghai factory and has delayed on-boarding of new staff at its most productive plant, according …
Musk taps Tesla’s China chief to run Texas gigafactory – Bloomberg News
(Reuters) – Tesla Inc chief Elon Musk has roped in longtime executive and the company’s president in China, Tom Zhu, to help run the carmaker’s …
Musk’s bankers mull new Tesla margin loans to slash Twitter debt – Bloomberg News
(Reuters) – Billionaire Elon Musk’s bankers are considering providing the Tesla Inc Chief Executive Officer with new margin loans backed by the U.S. automaker’s stock …
Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News
(Reuters) -Italian insurer Generali SpA is planning to sell roughly 20 billion euros ($21 billion) of its Italian life insurance portfolio, Bloomberg News reported on …
Russia considers setting oil price floor in response to G7 – Bloomberg News
(Reuters) – Russia is considering setting a price floor for its international oil sales as a response to a cap imposed by G7 nations, Bloomberg …
FTX’s LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg
(Reuters) – FTX’s digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and …
JPMorgan, BofA and Citi to slash banker bonuses – Bloomberg Law
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers …
Philippines cbank chief: Likely 25 or 50 bps rate hike in Dec -Bloomberg TV
MANILA (Reuters) – The Philippine central bank will hike interest rates this month, though the monetary board is likely to be split over whether to …
U.S. authorities asking FTX investors for information on firm and Bankman-Fried – Bloomberg News
(Reuters) – U.S. authorities are asking crypto investors and trading firms who worked closely with FTX to hand over information on the company and its …
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
(Reuters) – Debt-laden developer China Evergrande Group has told offshore creditors that it plans to present a restructuring proposal as soon as the first week …
Carl Icahn holds short position in GameStop – Bloomberg News
(Reuters) – Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar …
Michael Bloomberg apologises for Boris Johnson speech criticising China
By Martin Quin Pollard BEIJING (Reuters) – Michael Bloomberg apologised last week at a business forum hosted by the news agency he founded for remarks …
Top Biden aide Brian Deese plans White House exit – Bloomberg News
(Reuters) – U.S. President Joe Biden’s top economic adviser, Brian Deese, is expected to leave the White House next year, Bloomberg News reported on Thursday. …
Novartis weighs sale of ophthalmology, respiratory units – Bloomberg
(Reuters) -Swiss drugmaker Novartis AG is considering to sell its ophthalmology and respiratory units, a Bloomberg report said on Wednesday citing people familiar with the …
Apple prepares to source chips from Arizona plant – Bloomberg News
(Reuters) – Apple Inc is preparing to begin sourcing chips for its devices from a plant under construction in Arizona in the United States, Bloomberg …
Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse – Bloomberg
(Reuters) – American and Bahamian authorities are discussing the possibility of bringing FTX founder Sam Bankman-Fried to the United States for questioning, Bloomberg News reported …
Tron founder Justin Sun ready to give billions in aid to FTX – Bloomberg
(Reuters) -Justin Sun, founder of the crypto token Tron, said he was prepared to provide distressed cryptocurrency exchange FTX with billions in aid, according to …
Twitter sued for mass layoffs – Bloomberg News
(Reuters) – Twitter was sued over Elon Musk’s plan to lay off about half of its workforce, Bloomberg News reported on Friday, citing a class-action …
American Axle attracts interest from potential suitors – Bloomberg News
(Reuters) – Automotive supplier American Axle & Manufacturing Holdings Inc is attracting interest from suitors including London-listed Melrose Industries, Bloomberg News reported on Thursday, citing …
Goldman Sachs sees Fed rates peaking at 5% in March – Bloomberg News
(Reuters) – Goldman Sachs Group Inc’s economists said the U.S. Federal Reserve could bump up interest rates to as high as 5% by March 2023, …
Credit Suisse chief compliance officer set to leave – Bloomberg News
(Reuters) – Credit Suisse Group AG’s Chief Compliance Officer Rafael Lopez is set to leave the Swiss bank in the coming weeks after spending little …
Apple’s industrial design head Hankey to leave – Bloomberg News
(Reuters) – Apple Inc’s vice president for industrial design, Evans Hankey, is leaving the company, Bloomberg News reported on Friday, citing people with knowledge of …
Sri Lanka central bank governor sees inflation peaking – Bloomberg News
(Reuters) – Sri Lanka Central Bank Governor Nandalal Weerasinghe thinks inflation in the island nation is peaking, with price rises likely to ease this month, …