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…
White House’s Sullivan speaks with China’s top diplomat Wang Yi -Bloomberg
(Reuters) – White House national security advisor Jake Sullivan spoke with China’s top diplomat Wang Yi on Friday, Bloomberg News reported on Tuesday, citing people familiar with the matter. (Reporting by Maria…
US officials study ways to expand FDIC coverage to all deposits -Bloomberg News
(Reuters) – U.S officials are looking at ways to temporarily expand Federal Deposit Insurance Corp (FDIC) coverage to all deposits, Bloomberg News reported on Monday. U.S. Treasury Department staff are studying whether…
U.S. authorities weighing in on possible Credit Suisse-UBS deal: Bloomberg News
(Reuters) – U.S. authorities are working with Swiss counterparts to broker a deal for UBS AG to buy all or part of Credit Suisse Group AG, Bloomberg News reported on Saturday citing…
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News
(Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported on Saturday. UBS is discussing scenarios in…
Santander halts $942 million subprime auto ABS sale amid turmoil – Bloomberg News
(Reuters) – Santander Consumer USA on Wednesday postponed the sale of bonds worth $942 million that are backed by subprime auto loans as the deepening Credit Suisse Group AG crisis added to…
Swiss government holds talks on options to stabilize Credit Suisse – Bloomberg News
(Reuters) – Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter. Credit Suisse leaders and government officials…
FDIC racing to start returning some uninsured SVB deposits as soon as Monday, Bloomberg News says
(Reuters) – The Federal Deposit Insurance Corporation (FDIC), which is overseeing the emergency breakup of SVB Financial Group, is racing to sell assets and make a portion of clients’ uninsured deposits available…
UK plans 11 billion stg business tax break in budget – Bloomberg News
(Reuters) – British finance minister Jeremy Hunt will hand businesses a three-year tax break worth 11 billion pounds ($13.23 billion) by replacing the UK’s investment allowance with a temporary measure in next…
Visa, Mastercard pause work on code to track gun purchases – Bloomberg News
(Reuters) – Visa Inc and Mastercard Inc have decided to pause implementing a plan that would track transactions at firearms and ammunition stores, Bloomberg News reported on Thursday, citing people familiar with…
Apple to shake up international businesses’ management to focus on India – Bloomberg News
(Reuters) – Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, Bloomberg News reported on Wednesday citing people with knowledge of the matter. This shift…
Silvergate in talks with FDIC officials on ways to salvage bank – Bloomberg News
(Reuters) – U.S. federal officials have been discussing with Silvergate Capital Corp’s management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar with the matter. Shares of the cryptocurrency-focused…
Italy close to approve CDP, Macquarie bid for TIM’s grid- Bloomberg News
(Reuters) – Italy is close to granting preliminary approval to a multibillion-euro offer by state lender CDP and Macquarie Group for Telecom Italia’s landline network, Bloomberg News reported on Saturday citing people…
Apple cloud chief Abbott to step down in April – Bloomberg News
(Reuters) -Apple Inc’s top executive Michael Abbott, who is in charge of cloud services, is leaving the company in April, Bloomberg News reported on Friday citing people familiar with the matter. The…
Americanas’ top shareholders boost injection offer to $1.9 billion -Bloomberg News
(Reuters) – The top shareholders of retailer Americanas SA are informally offering a capital injection of 10 billion reais ($1.9 billion), Bloomberg reported on Thursday, after creditors rejected an initial offer of…
U.S. preparing antitrust suit to block Adobe plan to buy Figma -Bloomberg News
(Reuters) – The U.S. Justice Department is preparing an antitrust lawsuit to block software maker Adobe Inc’s $20 billion bid for cloud-based designer platform Figma, Bloomberg News reported on Thursday, citing people…
White House to consider Andrew Ferguson as U.S. FTC commissioner -Bloomberg News
(Reuters) – The White House is considering naming Virginia Solicitor General Andrew Ferguson as a Republican commissioner for the Federal Trade Commission (FTC), Bloomberg News reported on Friday, citing people familiar with…
Musk shuts two Twitter India offices, Bloomberg News reports
(Reuters) – Twitter Inc has closed two of its three offices in India, Bloomberg News reported on Friday, citing people familiar with the matter. The social media company shut down offices in…
Tesla to halt some China production for upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloomberg…
Crypto exchange Kraken under scrutiny for sale of unregistered securities- Bloomberg
(Reuters) – Cryptocurrency exchange Kraken is under investigation by the U.S. Securities and Exchange Commission for the sale of unregistered securities, according to a Bloomberg report. The regulator’s inquiry is at an…
Barrick rules out rival bid for Australia’s Newcrest – Bloomberg
MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect…
SEC asks big hedge funds for employee phone review – Bloomberg News
The U.S. Securities and Exchange Commission has asked some major hedge funds to review certain employees’ personal mobile phones for evidence of business dealings on unapproved channels, Bloomberg News reported on Thursday.…
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 flurry of technology companies that are firing…
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 in talks that concluded on Friday, Bloomberg…
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 News in an interview on Wednesday. (Reporting…
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 health response, Bloomberg News reported on Tuesday.…
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