(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 …
bloomberg
-
-
Business News
Unilever mulls $3 billion sale of some U.S. ice cream brands – Bloomberg News
by Reutersby Reuters(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 …
-
(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 …
-
Business News
Musk taps Tesla’s China chief to run Texas gigafactory – Bloomberg News
by Reutersby Reuters(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, …
-
Business News
Musk’s bankers mull new Tesla margin loans to slash Twitter debt – Bloomberg News
by Reutersby Reuters(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 to replace some of the …
-
Business News
Generali plans sale of $21 billion of its Italian life insurance portfolio -Bloomberg News
by Reutersby Reuters(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 Wednesday, citing people familiar with …
-
Business News
Russia considers setting oil price floor in response to G7 – Bloomberg News
by Reutersby Reuters(Reuters) – Russia is considering setting a price floor for its international oil sales as a response to a cap imposed by G7 nations, Bloomberg News reported on Tuesday. Moscow …
-
Business News
FTX’s LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg
by Reutersby Reuters(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 Kalshi, Bloomberg reported on Friday, …
-
(Reuters) – JPMorgan Chase & Co, Bank of America Corp and Citigroup Inc are all weighing plans to cut bonus pools for their investment bankers by as much as 30%, …
-
Business News
Philippines cbank chief: Likely 25 or 50 bps rate hike in Dec -Bloomberg TV
by Reutersby ReutersMANILA (Reuters) – The Philippine central bank will hike interest rates this month, though the monetary board is likely to be split over whether to raise the policy rate by …
-
Business News
U.S. authorities asking FTX investors for information on firm and Bankman-Fried – Bloomberg News
by Reutersby Reuters(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 key figures including Sam Bankman-Fried …
-
Business News
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
by Reutersby Reuters(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 of December, Bloomberg News reported …
-
(Reuters) – Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. GameStop, which …
-
US and World News
Michael Bloomberg apologises for Boris Johnson speech criticising China
by Reutersby ReutersBy Martin Quin Pollard BEIJING (Reuters) – Michael Bloomberg apologised last week at a business forum hosted by the news agency he founded for remarks by British former Prime Minister …
-
US and World News
Top Biden aide Brian Deese plans White House exit – Bloomberg News
by Reutersby Reuters(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. Deese is expected to quit …
-
Business News
Novartis weighs sale of ophthalmology, respiratory units – Bloomberg
by Reutersby Reuters(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 matter. The company is seeking …
-
Business News
Apple prepares to source chips from Arizona plant – Bloomberg News
by Reutersby Reuters(Reuters) – Apple Inc is preparing to begin sourcing chips for its devices from a plant under construction in Arizona in the United States, Bloomberg News reported on Tuesday. The …
-
Business News
Sam Bankman-Fried faces possible U.S. trip for questioning over FTX collapse – Bloomberg
by Reutersby Reuters(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 on Tuesday, citing three people …
-
Business News
Tron founder Justin Sun ready to give billions in aid to FTX – Bloomberg
by Reutersby Reuters(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 a tweet by a Bloomberg …
-
(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 lawsuit filed in a San …
-
US and World News
American Axle attracts interest from potential suitors – Bloomberg News
by Reutersby Reuters(Reuters) – Automotive supplier American Axle & Manufacturing Holdings Inc is attracting interest from suitors including London-listed Melrose Industries, Bloomberg News reported on Thursday, citing people familiar with the matter. …
-
US and World News
Goldman Sachs sees Fed rates peaking at 5% in March – Bloomberg News
by Reutersby Reuters(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, 25 basis points above its …
-
US and World News
Credit Suisse chief compliance officer set to leave – Bloomberg News
by Reutersby Reuters(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 more than a year in …
-
US and World News
Apple’s industrial design head Hankey to leave – Bloomberg News
by Reutersby Reuters(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 the matter. Hankey’s departure was …
-
US and World News
Sri Lanka central bank governor sees inflation peaking – Bloomberg News
by Reutersby Reuters(Reuters) – Sri Lanka Central Bank Governor Nandalal Weerasinghe thinks inflation in the island nation is peaking, with price rises likely to ease this month, Bloomberg News reported on Friday. …