(Bloomberg) — International Business Machines Corp. is looking into allegations against its China head after a letter circulating online accused the executive of misconduct, including accepting gifts from business partners, the latest upheaval in the US firm’s operations in the Asian country. Most Read from Bloomberg A former employee said in a letter to the…
(Reuters) – The European Union is planning to vote on whether to introduce tariffs as high as 45% on imported electric vehicles made in China on Oct. 4, Bloomberg News reported on Saturday, citing people familiar with the matter. Member states have received a draft of the regulation for the proposed measures, the report said,…
(Bloomberg) — China’s long-awaited stimulus measures may have been too much for the markets to handle. Most Read from Bloomberg With shares soaring and turnover reaching 710 billion yuan ($101 billion) in the first hour of trading on Friday, Shanghai’s stock exchange was marred by glitches in processing orders and delays, according to messages from…
(Reuters) – Arm Holdings approached Intel about potentially acquiring the company’s product division but was told that the business is not for sale, Bloomberg News reported on Thursday. The British chip firm did not express interest in Intel’s manufacturing operations, the report added, citing a person familiar with the matter. The report did not mention…
A look at the day ahead in European and global markets from Rae Wee Asian markets rallied on Thursday, defying weakness overnight on Wall Street as optimism over China’s latest stimulus measures got a fresh boost from news of a possible capital injection into its top banks. Authorities are considering a $142 billion infusion to…
(Reuters) -Citigroup’s expansion plan in China has hit a roadblock with U.S. regulators after the Federal Reserve imposed a penalty on the bank for its data management and risk controls, Bloomberg News reported on Sunday. The bank is facing delays in setting up a standalone securities firm because it hasn’t yet received a clearance letter…