Decision Near on $4 Billion Uganda Pipeline, Standard Bank Says
A controversial $4 billion crude oil pipeline to link Uganda and Tanzania has overcome a key hurdle that delayed a final decision, according to Standard Bank Group Ltd.
Bloomberg Top News
Deutsche Bank’s Rising Star Faces Unit in Crisis After Promotion
When Claudio de Sanctis was promoted in July to oversee Deutsche Bank AG’s vast German retail operations, he wasted no time in making his mark.
China Housing Shows Little Improvement Despite Support Measures
China’s property slump remained a drag on the economy in September despite several steps taken by authorities in recent months to bolster the sector.
Japan Kishida Reported to Eye Tax Cuts as Support Sags
Struggling with his lowest approval ratings since taking office, Japanese Prime Minister Fumio Kishida is considering temporary tax reductions, the Nikkei newspaper reported, days ahead of two special elections.
Nvidia Warns of Product Snags From Tightening US Chip Rules
Nvidia Corp. suffered its worst stock decline in more than two months after the Biden administration stepped up efforts to keep advanced chips out of China, a campaign that includes restricting the company’s sale of processors designed specifically for the Chinese market.
China Tells Banks to Extend Local Government Loans Amid Crunch
China’s financial regulators told its policy banks and biggest lenders to issue new loans to cover offshore debt issued by local governments maturing this year and in 2024, ramping up efforts to ease a credit crunch for highly indebted municipalities.
Hon Hai Aims to Use AI to Expand Its Push into Electric Vehicles
Hon Hai Precision Industry Co., best known as the maker of Apple Inc.’s iPhone, is expanding its push into electric vehicles by integrating artificial intelligence, attempting to bolster its strategy for one of the hottest segments of the automotive industry.
Country Garden on Verge of First Default Amid Silence on Bond
Distressed Chinese builder Country Garden Holdings Co. has remained silent as a grace period is ending for dollar-bond interest that if unpaid would mark its first-ever public default.
Xi Defends Belt and Road as Chinese Initiative Loses Steam
Chinese President Xi Jinping defended his flagship Belt and Road Initiative, casting the $1 trillion program as a driver of global growth while saying those that view it as a threat are doing themselves a disservice.
Singaporeans Fret Most Over High Costs, Wages in Latest Survey
Singapore’s high living cost is by far the most important issue facing the city-state, according to a new survey of residents, signaling that pressure remains on the government to address key issues including wages and housing affordability.