Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. …
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American taxi companies join Uber, Lyft in ride sharing
Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a …
Read More »Trump calls on North Korea to make deal on nuclear program
Bloomberg US President Donald Trump said that North Korea should “come to the table†and make a deal on its missile and nuclear programs. Speaking next to South Korean President Moon Jae-in in Seoul on Tuesday, Trump said he saw some progress in regards to North Korea, but declined to comment on holding direct talks with Pyongyang. He added that …
Read More »Trump, Xi joust for world economy crown with divergent plans
Bloomberg President Donald Trump touches down in Beijing on Wednesday seeking immediate wins for the world’s-biggest economy. His host, President Xi Jinping, is playing a longer game. Xi has mapped out a two stage blueprint: first, to entrench China’s manufacturing might by 2025 through a shift up the technology chain to high value-add products. Second, as laid out last month, …
Read More »Kenyan petitioners seek election overturn
Bloomberg A Kenyan politician and two activists lodged separate petitions at the Supreme Court seeking the annulment of results from last month’s presidential-election rerun, arguing the vote was illegal and wasn’t free and fair. Harun Mwau, a former lawmaker, filed a petition challenging the validity of the vote result, Judiciary spokeswoman Lilian Mueni said by phone from the capital, Nairobi. …
Read More »Polish PM, Kaczynski discuss cabinet revamp
Bloomberg Poland’s Prime Minister Beata Szydlo, seeking to move past reports that she may soon be dismissed, met ruling-party leader and potential successor Jaroslaw Kaczynski to discuss plans for a ministerial shakeup in her cabinet. The changes envisage reorganization of some ministries and personnel changes, government spokesman Rafal Bochenek told PAP news agency after the late on Monday meeting. The …
Read More »Mugabe’s wife rises to pinnacle of power in Zimbabwe
Bloomberg Zimbabwean President Robert Mugabe fired a vice president who his wife Grace accused of plotting against her husband for the second time in three years, highlighting the first lady’s rise to the pinnacle of power in the southern African nation. The dramatic dismissal of Emmerson Mnangagwa on Monday came a day after Grace Mugabe publicly accused the former spy …
Read More »Welcome to the Powell Fed
It will be Powell’s Fed. Assuming he’s confirmed by the Senate, Jerome (‘Jay’) Powell will become the 16th chairman of the Federal Reserve Board in early 2018. Almost by definition, he instantly becomes the most important economic policy-maker in the world. But who is he? Outside economic circles, hardly anyone knows. So let’s catch up. Powell would be the first …
Read More »DBS embracing technology can become Singapore’s ant financial
Forget the lending book. Dismiss the wealth-management aspirations. It’s DBS Group Holdings Ltd.’s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia’s biggest lender. DBS’s announcement that it now has the world’s largest application programming interface platform for banking, with users including McDonald Corp., may appear at first like marketing gimmickry. Being able …
Read More »Focus on next shooting spree, not the last one
There are many unanswered questions about the man who shot and killed at least 26 people at a church in Sutherland Springs, Texas, on Sunday. In the days ahead, more facts will emerge. But the most common question — could anything have been done to stop him? — will also be the most difficult to answer, the most hotly debated, …
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