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…
India’s Adani Group in talks to buy Jaiprakash’s cement unit for $606 million – Bloomberg
BENGALURU (Reuters) -India’s Adani Group is in advanced talks to buy debt-laden Jaiprakash Associates Ltd’s cement business for $606 million, Bloomberg News reported on Monday, citing sources. Separately, Jaiprakash Associates said its…
Disney’s ESPN nears large partnership deal with DraftKings – Bloomberg News
(Reuters) – Walt Disney Co’s ESPN is nearing a large new partnership deal with sports-betting firm DraftKings Inc, Bloomberg News reported on Thursday, citing people familiar with the matter. The potential deal…
Blackstone in talks to buy Emerson’s assets for up to $10 billion – Bloomberg News
(Reuters) – Emerson Electric Co is in talks with U.S. buyout firm Blackstone Inc to sell a part of its commercial and residential solution business assets, Bloomberg News reported on Tuesday citing…
Amazon plans to close several U.S. call centers – Bloomberg News
(Reuters) – Amazon.com Inc is planning to close several call centers in the United States in a move toward remote working, Bloomberg News reported on Wednesday citing people familiar with the matter.…
Courbit-led group offers 20 euros a share for M6 stake – Bloomberg News
(Reuters) – French media mogul Stephane Courbit and his investor partners are said to have offered 20 euros ($19) a share for Bertelsmann SE & Co.’s stake in television company Groupe M6,…
JPMorgan, ICBC Standard pull back from China metal financing -Bloomberg News
(Reuters) -JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing to China’s troubled metals trade, Bloomberg News reported on Friday, citing people familiar with the matter. The…
Bayer has started search for successor for CEO Baumann -Bloomberg
FRANKFURT (Reuters) – Bayer’s supervisory board has initiated a search for a successor to Chief Executive Werner Baumann, who has said he would not seek a renewal of his contract that expires…
China tells banks to report exposure to Fosun – Bloomberg News
(Reuters) – Chinese regulators have told the country’s biggest banks and state-owned firms to start a round of checks on their financial exposure to Chinese conglomerate Fosun International Ltd, Bloomberg News reported…
LME debates opening on day of Queen’s funeral – Bloomberg News
(Reuters) – The London Metal Exchange (LME) is unsure about whether it should open on the day of Queen Elizabeth’s funeral, Bloomberg News reported on Monday. The LME has informally indicated to…
U.S. DOJ short-selling probe looks at trading in Amazon, Microsoft, JPM – Bloomberg News
(Reuters) – The U.S Department of Justice has subpoenaed some short sellers for trading information on firms including Amazon.com Inc, Microsoft Corp and JPMorgan Chase & Co, as part of a short-selling…
Philip Morris may lower Swedish Match offer threshold – Bloomberg News
By Marie Mannes Philip Morris is considering lowering the acceptance threshold on its bid for Swedish Match, Bloomberg News reported on Monday, citing people familiar with the matter. According to Swedish law,…
Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News
(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday. Ismail predicted inflation, running…
Russia mulls buying $70 billion in yuan and other ‘friendly’ currencies- Bloomberg
(Reuters) – Russia is considering a plan to buy as much as $70 billion in yuan and other “friendly” currencies this year to slow the rouble’s surge, Bloomberg News reported on Thursday.…
Apple chief privacy officer set to leave company for law firm -Bloomberg News
(Reuters) – Apple Inc’s Chief Privacy Officer Jane Horvath will be leaving the company soon to work at a law firm, Bloomberg News reported on Tuesday citing people familiar with the matter.…
Fed’s Kashkari: ‘happy’ with market reaction to Powell speech -Bloomberg
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said he felt the stock market selloff that followed Fed Chair Jerome Powell’s hawkish speech on Friday shows investors understand the…
Netflix considers $7-$9 per month for ad-supported subscription
Netflix Inc is looking to charge about $7 to $9 per month for its new advertising-supported subscription plan, Bloomberg news reported late on Friday. The company plans to introduce its budget-friendly option…
Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News
(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday. Harris Associates…
Qualcomm planning return to server market with new chip – Bloomberg News
(Reuters) – Qualcomm Inc is considering a return to the server market with a new chip in a bid to decrease its reliance on smartphones, Bloomberg News reported on Thursday, citing people…
Apple sets Sept 5 deadline for employees to return to office – Bloomberg
(Reuters) -Apple Inc has set a Sept. 5 deadline for corporate employees to return to office at least three days a week, a Bloomberg News report said on Monday. The company, which…
Prada seeks $1 billion valuation in Milan listing – Bloomberg News
(Reuters) – Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early preparations, Bloomberg…
China orders audit of $3 trillion trust industry – Bloomberg News
(Reuters) – China’s top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the matter. China’s trust industry has been a…
Bangladesh seeking $2 Billion from World Bank, ADB – Bloomberg News
(Reuters) – Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday. Bangladesh’s $416…
Citigroup plans 500 hires for new wealth unit – Bloomberg News
(Reuters) – Citigroup Inc is planning to hire 500 employees over the next three years for a new wealth division, Bloomberg News reported on Tuesday, citing an interview with the segment’s global…
China leaders say 5.5% GDP growth is guidance, not hard target – Bloomberg News
(Reuters) – Chinese leaders told the government that this year’s economic growth of about 5.5% is a guidance and not a hard target in a meeting last week, Bloomberg News reported on…
Southern CEO Fanning to exit, hunt on for successor – Bloomberg News
(Reuters) – U.S. utility Southern Co Chief Executive Tom Fanning is expected to step down by the end of this year and the company has launched a search for his successor, Bloomberg…
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