In a bid to stabilize the stock market, China’s financial regulators are contemplating implementing specific cooling measures, according to a recent Bloomberg News report. Among these potential strategies is the removal of certain restrictions on short selling. Sourced from individuals familiar with the situation, the report highlights Beijing’s ongoing attempts to maintain market stability…
Mexico is preparing to raise tariffs on Chinese imports of automobiles, textiles and plastics, Bloomberg News reported on Thursday, under a proposal expected to be part of the 2026 budget to be submitted to the nation’s Congress next month. If confirmed, the increase would mark one of Mexico’s sharpest trade shifts in recent years. Officials…
(Reuters) -The U.S. Justice Department’s criminal division is digging into business practices at UnitedHealth Group’s pharmacy benefit manager, Optum Rx, Bloomberg News reported on Tuesday, citing people familiar with the matter. Under an ongoing probe into the company’s operations, the investigators are looking into its prescription management services and how it reimburses its own doctors,…
(Reuters) -Humain, Saudi Arabia’s new artificial intelligence company, has begun construction of its first data centers in the kingdom, and plans to bring them online in early 2026 using semiconductors imported from the U.S., Bloomberg News reported on Monday. Locations in Riyadh, Saudi Arabia’s capital, and Dammam, in the Eastern Province, are expected to launch…
(Reuters) -Fast-fashion retailer Shein Group has considered relocating its headquarters back to China in an effort to gain Beijing authorities’ approval for its planned Hong Kong IPO, Bloomberg News reported on Tuesday, citing sources. Singapore-headquartered Shein has consulted lawyers on setting up a parent company in mainland China, the report said, adding that discussions were…
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(Bloomberg) — Figma Inc. shares surged as much as 242% after the design software maker and some of its shareholders raised $1.2 billion in an IPO, with the trading valuing the company far above the $20 billion mark it would have reached in a now-scrapped merger with Adobe Inc. Most Read from Bloomberg Shares of…
(Bloomberg) — The hum of solar panel factories in this steamy island city doesn’t sound like much. But to American trade officials, it’s the muffled noise of rules being bent — or broken. Most Read from Bloomberg In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key…
(Bloomberg) — FuriosaAI Inc., the Seoul-based startup seeking to design chips to compete with Nvidia (NVDA) Corp., has sealed its first major contract months after rejecting an $800 million acquisition offer from Meta Platforms Inc. (META) Most Read from Bloomberg The startup won final approval for its AI chip RNGD (pronounced “Renegade”) from LG AI…
(Reuters) -BlackRock has asked its staff visiting China for business trips to use temporary loaner phones and avoid using company laptops, Bloomberg News reported on Tuesday, citing an internal memo. The world’s largest asset manager told its staff that using company-issued employee devices, including iPhones and iPads, is not permitted, the report said. BlackRock also…