finance

    • Finance
      Bloomberg

      Dollar Remains Weak as U.S. Politics Steals Show: Markets Wrap

      The Bloomberg Dollar Index held onto losses and Treasuries were steady following reports that U.S. special counsel Robert Mueller is expanding his investigation of President Donald Trump to examine his financial dealings. The euro held gains after European Central Bank President Mario Draghi signaled

    • Finance
      Bloomberg

      SoftBank's Son Finally Explains How Those Deals Fit Together (1)

      In the past six months, SoftBank Group Corp. has invested in businesses ranging from ride sharing, co-working and robotics to agriculture, cancer detection and autonomous driving. The 59-year-old took the stage at SoftBank World, the company’s annual two-day event for customers and suppliers, to outline

    • Finance
      Bloomberg

      Greece Approved for $1.8 Billion Conditional Loan From IMF (1)

      The disbursement of funds is contingent on euro-zone countries providing debt relief to Greece. “As we have said many times, even with full program implementation, Greece will not be able to restore debt sustainability and needs further debt relief from its European partners,” IMF Managing Director

    • Finance
      Bloomberg

      Abe's Low-Key Foreign Minister Emerges as Rival to Run Japan (1)

      The display also added to speculation that the normally low-key Kishida is gearing up for a run to replace his increasingly unpopular boss, Prime Minister Shinzo Abe. “Kishida has always been quiet and had a princely air,” said Takeshi Iwaya, a fellow lawmaker with the ruling Liberal Democratic Party

    • Finance
      Bloomberg

      Microsoft Regains Turnaround Momentum on Strong Cloud Growth (2)

      Profit in the fiscal fourth quarter exceeded analysts’ estimates and adjusted sales rose 9 percent as demand almost doubled for Azure cloud services, which let companies store and run their applications in Microsoft data centers. A tax-rate benefit added 23 cents a share to earnings, Microsoft said.

    • Finance
      Bloomberg

      India's Power Pollution Cap Goal Set at Least 6 Years Too Early

      The nation’s power industry regulator says a countrywide roll out of equipment to lower sulfur dioxide emissions won’t be completed until 2023. The Central Electricity Authority has asked for the environment ministry’s December deadline to be extended, according to Ravindra Kumar Verma, chairman of

    • Finance
      Bloomberg

      Then There Was One: Saudi Prince All Alone Near Summit of Power

      Crown Prince Mohammed bin Salman, one step away from the throne, has emerged as the dominant figure in the desert kingdom. Mohammed bin Nayef, interior minister and crown prince until then and a close confidante of successive U.S. governments, is still under house arrest, according to the New York Times

    • Finance
      Bloomberg

      ZTO, Banks Sued Over `Inflated' Margins in Top 2016 U.S. IPO (2)

      Morgan Stanley and Goldman Sachs Group Inc., which led the Oct. 26 offering that raised $1.4 billion, were named in the class-action suit filed in Alabama state court by the city of Birmingham’s pension fund. The investment banks failed to uncover ZTO’s allegedly bogus numbers, the fund said.

    • Finance
      Bloomberg

      Credit Suisse's Once-Mighty Equities Unit Struggles Under Thiam

      “Credit Suisse has consistently been a top-three trader of global stocks since 2010,” O’Hara, a 27-year veteran of the bank, told investors who had gathered in London. Almost two years later, O’Hara is gone and the equities business, once among the biggest on Wall Street, has become a nagging headache

    • Finance
      Bloomberg

      EBay Rattles Investor Faith With Slow Merchandise Growth (1)

      Initiatives designed to help EBay stand out among online shopping sites had raised expectations with investors, who had pushed the company’s stock up 16 percent in the past three months. EBay Chief Executive Officer Devin Wenig has committed to a “structured data” initiative with the goals of making

    • Finance
      Bloomberg

      Panda Diplomacy Masks Doubts in Europe Over China's Sincerity

      While Merkel and Xi have been nudged into picking up the leadership baton on global issues like climate change since President Donald Trump’s inauguration, their shared interests only go so far. Like other nations in Europe, Germany is cautious about China’s sincerity as a self-professed champion of

    • Finance
      Bloomberg

      Push to Sanction North Korea in the UN Hung Up on What's an ICBM

      Russia says not-so-fast, and that’s blocking action at the United Nations. After the launch that brought Kim Jong Un’s regime closer to delivering on its vow to develop a nuclear weapon that could hit the U.S. mainland, President Donald Trump said his options included “some pretty severe things.” But

    • Finance
      Bloomberg

      Beer-Swilling Vietnam Prepares Stake Sales as Top Brewers Swoop

      Half a century later in the Vietnamese city that bears the revolutionary founder’s name, young women in short skirts haul cases of Tiger Beer and buckets of ice to wooden tables crowded with young men. “Drinking beer is essential in Vietnam,” shouts Nguyen Nhat Truong, a 26-year-old researcher, over

    • Finance
      Bloomberg

      Saudi King Overhauls Interior Ministry After Palace Shake-Up

      The king set up a homeland security agency that will be linked to the office of the prime minister, a title that he also holds, according to royal decrees published by the official Saudi Press Agency. The decree consolidates the king’s control over security agencies.

    • Finance
      Bloomberg

      Trump Removal of Mueller Likely Would Trigger Justice Purge (1)

      If he tried, he could set off a chain-reaction that would throw the Justice Department into upheaval. Only the person acting as attorney general, currently Rod Rosenstein on matters related to the probe, can fire Mueller, and he’s said he won’t do it without “good cause.” So Trump would first have to

    • Finance
      Bloomberg

      Australia's Largest Generator Urges No Coal in Clean Target

      AGL, which sources 77 percent of its electricity generation from coal, said including the fossil fuel in the target would send the wrong signal for the industry, which should prioritize more low-cost, efficient clean energy alternatives. “The danger is you convince yourself that you see coal in your

    • Finance
      Bloomberg

      BOJ's Refusal to Budge Sparks a Revival of Japanese Flow Abroad

      The BOJ pledged Thursday to maintain its monetary stimulus program, including keeping the 10-year yield around zero percent, as it delayed reaching an inflation goal by a year. Meanwhile, subdued U.S. consumer price growth suggests the Federal Reserve will be gradual in its rate increases, easing concerns

    • Finance
      Bloomberg

      JPMorgan Whistle-Blowers to Reap Record $61 Million Bounty (1)

      The SEC issued letters on Wednesday notifying six whistle-blower applicants of the preliminary decision. The letters said that two of them would share almost a quarter of the record asset-management settlement that the SEC reached with the bank in December 2015. JPMorgan agreed to pay $307 million,

    • Finance
      Bloomberg

      Mexican Peso's Best Forecaster Sees Pain Coming Before Gains (3)

      Liska, a strategist in Chicago at The PrivateBank, was an outlier in January when he predicted a recovery for the peso after threats to rip up trade agreements from Donald Trump’s administration sent it to a record low. As Wall Street banks from Citigroup Inc. to Nomura Holdings Inc. cut their estimates

    • Finance
      Bloomberg

      Stocks Inch Higher as Trump Probe Said to Widen: Markets Wrap

      The euro climbed after European Central Bank President Mario Draghi signaled the bank would discuss language on bond purchases in the autumn. The Nasdaq Composite Index closed at an all-time high for a third straight day, while the S&P 500 Index was little changed and Dow Jones Industrial Average declined

    • Finance
      Bloomberg

      Can Mueller Do That? Inquiry Now Crosses Trump's `Red Line'

      This became newly relevant this morning when Bloomberg News reported that Special Counsel Robert Mueller’s investigation also encompasses dealings such as Russian purchases of apartments in Trump buildings, Trump’s involvement in a controversial downtown New York hotel development with Russian associates

    • Finance
      Bloomberg

      Sessions Says He Isn't Quitting After Trump Disparages Him (2)

      “We in this Department of Justice will continue every single day to work hard to serve the national interest, and we wholeheartedly join in the priorities of President Trump,” Sessions said in a news conference Thursday. Sessions, 70, drew the ire of the president after he stepped away from the investigation

    • Finance
      Bloomberg

      GOP Health Bill's $13,000 Deductibles Would Be Illegal, CBO Says

      The deductibles would be so high, in fact, that they’d violate maximums set in U.S. law, an analysis by the nonpartisan Congressional Budget Office said Thursday. Under Obamacare, by comparison, an individual in a standard plan would have a deductible of roughly $5,000. The analysis shines new light

    • Finance
      Bloomberg

      Elon Musk Claims U.S. Approval for World’s Longest Tunnel

      The train, known as a hyperloop, would make the 220 mile connection in 29 minutes, Musk said in a post on Twitter Thursday. It’s not clear what Musk is doing with these announcements on Twitter. The tunnel would be more than twice as long as the current record holder: the Gotthard Base Tunnel, a rail

    • Finance
      Bloomberg

      Brexit Split on Citizens' Rights Shows Breaking Up Is Never Easy

      Instead it’s laid bare just how little each side is willing to concede when it comes to Brexit. The critical stumbling block at the moment is a hard red line for both camps: the role of the European Court of Justice in protecting the rights of European Union citizens living in Britain when the country