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…
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 News reported on Monday, citing people familiar…
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 and Exchange Commission (SEC) over “misleading” disclosures…
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 Inc, Amazon.com Inc, Microsoft Corp who have…
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 talent war on Wall Street even amid…
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 to around 2% by 2024 or 2025.…
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 first mixed-reality headset this year, Bloomberg News…
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. The first touch-screen Mac could be launched…
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. The Swiss bank will value M. Klein…
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 Group Inc will start one of its…
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” policy, Bloomberg News reported on Friday. The…
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, Bloomberg News reported on Thursday, citing people…
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 News reported on Friday, citing a person…
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 Tuesday, citing sources familiar with the matter.…
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 factory as early as next week, Bloomberg…
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 estate fund, Bloomberg News reported on Friday,…
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 Stanley, Bloomberg News reported on Friday. A…
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 year, when it will start buying for…
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 its 2-4% target range next year, its…
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 tax benefits without treading on Sino-U.S. political…
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 would prevent them from buying certain American…
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 a U.S. youth-vaping epidemic, Bloomberg News reported…
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 bank’s resilience against risks from Russia’s war…
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 be valued at as much as $3…
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 to a report by Bloomberg News, sending…
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 new plant in Austin, Texas, Bloomberg News…
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