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(Bloomberg) -- When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Bill
(Bloomberg) -- Economic advisers in Donald Trump’s orbit are clashing over their favored policy ideas, a fight that is spilling into public view as they jockey for influence over the presumptive Republican presidential nominee’s second-term plans.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hampton
About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus' goodwill, Singtel, Southeast Asia's largest telecom operator, said in its filing. An "impending deal" for Optus was recently ruled out by Singtel following reports that talks for a potential stake divestment had fallen off. Singtel added that Optus expects a non-cash impairment provisions of S$470 million on its enterprise fixed access network assets, mainly due to weaker prospects, increased cost of capital and a bleak macroeconomic outlook.
(Bloomberg) -- The US Treasury is set to keep its sales of long-term debt steady in a new plan this week, with the government expected to get relief soon from the Federal Reserve’s rapid run-down in its securities holdings.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Plun
(Bloomberg) -- Gold ambitions are top of mind as the world’s biggest precious-metals producers wrap up the latest earnings season. North America’s newest oil pipeline project is slated to start commercial production, redrawing the flow of crude around the world. And cocoa’s price swings have been the most extreme since 1977.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion
(Bloomberg) -- Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Plunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingBloomberg Economics’ Fed sentiment index — powered by
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New York. The Federal Deposit Insurance Corp. said Friday it had seized the Philadelphia-based bank, which did business as Republic Bank and had roughly $6 billion in assets and $4 billion in deposits as of Jan. 31. Fulton Bank, which is based in Lancaster, Pennsylvania, agreed to assume substantially all of the failed bank's deposits and buy essentially all of its assets, the agency said.
(Bloomberg) -- Robust global economic growth may offer equities enough support to resume a record-breaking rally, even if bets on Federal Reserve interest rate cuts this year are completely abandoned.Most Read from BloombergMusk Makes Surprise China Visit, a Week After Nixing IndiaElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoBHP’s $39 Billion Copper Play Was Years in the MakingFed Repricing Gives Rise to New Equities Playbook in AsiaApple Intensifies Talks With OpenAI for