Bloomberg Vietnam’s Communist Party re-elected Nguyen Phu Trong to a rare third term as general secretary, signalling no major shifts in the nation’s economic or geopolitical direction. The party’s newly elected central committee also elected 18 members of the Politburo, which in turn will nominate individual candidates to be prime minister, president and chair of the National Assembly. The parliament ...

Bloomberg A leader of South Africa’s biggest labour movement accused the ruling African National Congress (ANC) of failing to act on corruption, highlighting the fragility of a political alliance that’s been in place since the end of apartheid. “What is most concerning is the ANC’s refusal to engage on extending the ban on public servants and the executive from doing business ...

Bloomberg Joe Biden’s presidency began at a choreographed sprint, with a series of executive actions to erase Donald Trump’s legacy and reset the nation’s course. But as his first full week in office came to a close, the new president was discovering the limits of his power. His administration’s efforts to bolster vaccine production ran into the same hurdles that ...

Bloomberg Singapore’s Prime Minister Lee Hsien Loong urged China to “recalibrate” as it pursues greater influence globally and to take on greater responsibility for driving international objectives from climate change action to more open markets. Addressing the World Economic Forum, Lee said as China continued to rise, it was contingent on the country to make adjustments in line with its ...

Bloomberg Italian President Sergio Mattarella asked the speaker of the lower house to lead a new round of negotiations aimed at breaking the country’s political deadlock. The head of state tasked Speaker Roberto Fico with exploring whether it’s possible to rebuild the coalition that supported Prime Minister Giuseppe Conte. Three days of talks led by Mattarella, who’s responsible for picking ...

Bloomberg HSBC Holdings Plc Chief Executive Officer Noel Quinn said the bank had no option but to close an exiled Hong Kong lawmaker’s account as he defended the lender against accusations it had become a tool of Chinese authorities. Facing questions from UK lawmakers, Quinn said HSBC’s decision was driven purely by the need to comply with local laws. “I’m ...

Bloomberg ICICI Bank Ltd.’s third-quarter profit rise 19% from a year earlier, boosted by robust loan growth. Net income at India’s second-largest private lender rose to 49.39 billion rupees ($677 million) in the quarter ended December 31 from 41.5 billion rupees a year earlier, it said in a statement. That beat the average estimate of 42.4 billion rupees from 17 ...

Bloomberg MoneyLion, a mobile banking, lending and investment platform, is in talks to go public through a merger with Fusion Acquisition Corp., a blank-check company. Fusion, the special purpose acquisition company, has begun discussions to raise new equity from potential investors for a transaction that’s set to value the combined entity at more than $2 billion, said the people, who ...

Bloomberg Andrea Orcel is set to step away from tens of million of dollars in deferred pay once he realises his ambition of becoming the chief executive officer of a top European bank. UniCredit SpA will not compensate the former UBS Group AG star executive for deferred payments he will lose for joining a peer within seven years of leaving ...

Bloomberg JPMorgan Chase & Co. agreed to fund 500 million pounds ($686 million) in UK home loans originated by London-based fintech LendInvest Ltd. The US bank will use LendInvest to finance properties that will be leased, known as buy-to-let loans, according to a statement. LendInvest has loaned more than 3.5 billion pounds online since its inception about a decade ago, ...