Bloomberg
Bloomberg
Page 622 - Bloomberg
Microsoft names Nadella as chairman, rewards him for refocusing company
Microsoft has undergone a rebirth during Nadella's leadership, recovering from failures in the mobile phone and internet search market.
 "Microsoft names Nadella as chairman, rewards him for refocusing company")
Euros championship 'Bottlegate' spreads from Coca-Cola to Heineken
Manchester United's Paul Pogba on Tuesday moved a bottle of non-alcoholic Heineken NV beer out of sight when giving a press conference at the UEFA Euro 2020 tournament, where he's representing France
 "Euros championship 'Bottlegate' spreads from Coca-Cola to Heineken")
Troubled newspaper creates 200% windfall with digital arm's IPO
The IPO of VerticalScope Holdings, a former unit of Torstar that runs websites for hobbyist communities such as wood-workers and motorcyclists, raised about C$125 million ($103 million)
 "Troubled newspaper creates 200% windfall with digital arm's IPO")
US economy well on way to robust post-Covid recovery: Janet Yellen
Yellen said in testimony she's scheduled to deliver before the Senate Finance Committee that she came into her job in January hoping to help Americans "make it to the other side of the crisis."
 "US economy well on way to robust post-Covid recovery: Janet Yellen")
China's industrial production jumps over 6% in May, shows data
The latest data released Wednesday by the statistics bureau showed a shift toward consumption-driven demand is underway, but at a gradual pace
 "China's industrial production jumps over 6% in May, shows data")
Joe Biden, Vladimir Putin meet for first time to dial back tensions
Cold War adversaries decide to return ambassadors after talks
 "Joe Biden, Vladimir Putin meet for first time to dial back tensions")
Alibaba victim of huge data leak by consultant as China tightens security
User data was not sold and Alibaba didn't incur financial losses from leak, the company says.
 "Alibaba victim of huge data leak by consultant as China tightens security")
US Fed holds rates at zero, projects two hikes by the end of 2023
"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday
 "US Fed holds rates at zero, projects two hikes by the end of 2023")
Top-performing Indian funds make winning bets on chemical firms stocks
India is emerging as a hub for specialty chemicals, helped by favorable policy measures.
 "Top-performing Indian funds make winning bets on chemical firms stocks")
China's campaign to control commodities goes into overdrive
State-owned enterprises were ordered to control risks and limit their exposure to overseas commodities markets by the State-owned Assets Supervision and Administration Commission, according to people
 "China's campaign to control commodities goes into overdrive")
Covid: Thailand to reopen in 120 days to ease 'suffering of people'
Some tourist destinations should be ready for fully vaccinated visitors without any quarantine requirement sooner than the wider reopening, with Phuket as the "pilot," Prayuth said in a address.
 "Covid: Thailand to reopen in 120 days to ease 'suffering of people'")
Lina Khan named FTC chair by Biden in victory for Big Tech's critics
As chairwoman, Khan will need a majority of five-member agency to make enforcement decisions, have significant control over staff who conduct agency's competition, consumer protection investigation
 "Lina Khan named FTC chair by Biden in victory for Big Tech's critics")
Record run in emerging-market currencies is now stirring worry
Meanwhile, implied volatility in developing currencies is rising for the first time in two weeks, according to a JPMorgan Chase & Co. gauge, raising hedging costs and denting the appeal of higher-yiel
 "Record run in emerging-market currencies is now stirring worry")
China's economic data disappoints in May as consumer spending lags
Retail sales increased 12.4% versus an estimate of 14%
 "China's economic data disappoints in May as consumer spending lags")
MacKenzie Scott donates $2.7 bn more within a year, blasts wealth gap
Scott, 51, shook up the philanthropy world last year with the pace and magnitude of her giving.
 "MacKenzie Scott donates $2.7 bn more within a year, blasts wealth gap")
Govt plans Rs 50,000 cr programme to boost health infrastructure: Report
Programme will reportedly allow companies to access funds for ramping up hospital capacity or medical supplies with the government acting as a guarantor
 "Govt plans Rs 50,000 cr programme to boost health infrastructure: Report")
PUBG maker plans to raise $5 billion in South Korea's largest ever IPO
The gaming company will sell more than 10 million shares at 458,000 won to 557,000 won apiece.
 "PUBG maker plans to raise $5 billion in South Korea's largest ever IPO")
Struggling with poverty, will Bitcoin be El Salvador's passport to riches?
Without oversight of the president's decision to accept crypto, bad actors and illicit money flows are likely to prosper.
 "Struggling with poverty, will Bitcoin be El Salvador's passport to riches?")
Kim says North Korea's food situation is 'getting tense' due to typhoons
'Agricultural sector failed to fulfill its grain production plan,' reclusive leader says before a committee.
 "Kim says North Korea's food situation is 'getting tense' due to typhoons")
Asian central banks build dollar war chests, prep for US Fed policy
India has built up foreign exchange reserves worth more than $600 billion, as its central bank cushions economy against any sudden outflows.
 "Asian central banks build dollar war chests, prep for US Fed policy")
