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…
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 to replace some of the high interest…
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 Wednesday, citing people familiar with the matter.…
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 News reported on Tuesday. Moscow is considering…
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 Kalshi, Bloomberg reported on Friday, citing people…
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 by as much as 30%, Bloomberg Law…
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 raise the policy rate by 25 or…
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 key figures including Sam Bankman-Fried and Caroline…
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 of December, Bloomberg News reported on Thursday.…
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 with the matter. GameStop, which is among…
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 by British former Prime Minister Boris Johnson…
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. Deese is expected to quit as director…
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 matter. The company is seeking to raise…
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 News reported on Tuesday. The company may…
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 on Tuesday, citing three people familiar with…
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 a tweet by a Bloomberg News reporter…
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 lawsuit filed in a San Francisco federal…
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 people familiar with the matter. Shares of…
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, 25 basis points above its earlier predictions,…
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 more than a year in the post,…
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 the matter. Hankey’s departure was announced inside…
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, Bloomberg News reported on Friday. “We think…
U.S. weighs security reviews for Musk deals, including Twitter buy – Bloomberg News
(Reuters) -Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc and SpaceX’s Starlink satellite network, Bloomberg…
Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News
(Reuters) -Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet…
Intel plans to cut thousands of jobs hit by PC slowdown – Bloomberg News
(Reuters) -Chipmaker Intel Corp is planning a major reduction in headcount, likely numbering in the thousands, in the face of a slowdown in the personal computer market, Bloomberg News reported on Tuesday,…
Credit Suisse faces U.S. tax probe, senate inquiry – Bloomberg News
(Reuters) -The U.S. Justice Department is investigating whether Credit Suisse continued helping U.S. clients hide assets from authorities, eight years after the Swiss bank paid a $2.6-billion tax evasion settlement, Bloomberg News…
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