Page 198 - Bloomberg

China's Xi warns against 'going back in history' as Trump tariffs loom

Xi called for emerging nations in the so-called Global South to have a greater voice in world affairs, with all countries enjoying equitable rights and opportunities in development

Fed's Susan Collins says December interest rate cut still on the table

The Boston Fed chief noted inflation has come down "significantly," adding she's not seeing new price pressures and that "it's important to stay the course."

SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024

India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City

BofA strategists say buy China, Europe ahead of Trump's inauguration

The S&P 500 is now up 25% this year, while the Stoxx Europe 600 has only gained about 5%, its biggest underperformance to the US in nearly 30 years

Disney aims for $1 billion profit from its streaming biz in new fiscal year

The profit at Disney's direct-to-consumer division even exceeded the earnings from its film division, which scored $3 billion in global ticket sales this summer from the blockbusters Inside Out 2

Thailand aims to legalise casinos next year in win for global players

The government is working to get a so-called "entertainment complex" bill, which will allow casinos to be housed within large venues

Meta to appeal US court orders allowing suits over social media addiction

In the states' case, US District Judge Yvonne Gonzalez Rogers sided with 34 attorneys general who filed claims over allegedly harmful effects of the Facebook and Instagram platforms

New Zealand may charge visitors to tourist sites; govt seeks feedback

The government is seeking feedback on a range of proposals to modernise how it manages these areas, Conservation Minister Tama Potaka said Friday in Wellington

Hyundai Motor names Jose Munoz as CEO, first foreign leader of automaker

Munoz, 59, joined Hyundai in 2019 as global chief operating officer, with responsibility for the carmaker's north and south American operations

Fed Chair Jerome Powell says no need to hurry rate cuts with strong economy

US central bankers began lowering borrowing costs in September with an aggressive half-percentage-point cut, and then lowered the policy rate again by a quarter point last week

JPMorgan sets up unit in GIFT city to develop derivative products

The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City

Europe makes final appeal to Biden for Ukraine aid before Trump term begins

Donald Trump, who takes office Jan. 20, has said he'd seek a quick deal between Kyiv and Moscow, raising concerns in Europe that such an accord would be disadvantageous to Ukraine

Lulu Retail Holdings shares fall on debut after $1.72 bn Abu Dhabi IPO

The hypermarket chain operator fell to as much as 1.99 dirhams ($0.54) per share in its Abu Dhabi trading debut, down 2.5 per cent from the offer price of 2.04 dirhams

Thailand set to reap $2 bn Rainbow Tourism boon with same-sex marriage law

The same-sex law that's slated to take effect in January will also create 152,000 full-time equivalent jobs and will help lift the nation's gross domestic product by 0.3 per cent

Brazil's embrace of Xi sets up a clash over Donald Trump's China policy

The infrastructure build-out is part of Lula's grand plan to move Brazil up the value chain and develop economically, with Beijing's help as key

Polymarket investigated by DOJ for 'letting' US users bet on platform

Polymarket said in a statement that the company would 'stand up for ourselves and our community', and alleged that the FBI search was politically motivated

US accuses China of vast cyber-espionage campaigns against telecoms

The hackers infiltrated networks of multiple telecommunications companies to steal customer call records and compromise communications belonging to a limited number of people in government agencies

Donald Trump wins Republican trifecta as GOP retains House majority

Trump's grip over the so-called Washington trifecta, having earlier won the majority of the Senate, also strengthens the party's hand to enact immigration controls

India takes tentative steps toward improving ties with Taliban-led govt

India closed its embassy in Kabul in August 2021 and has since then limited its engagement with the country to providing occasional humanitarian aid

Bigger than Musk's X, Seven & i's offer to rank among top buyout deals

A successful transaction would surpass what KKR & Co. and TPG Capital paid to take over Energy Future Holdings Corp., formerly known as TXU Corp