Bloomberg Should banks be forced to accept a client who could be on the wrong side of the law? A court in Finland is about to decide the answer to that question, and its verdict may have far-reaching implications. Russian billionaire Boris Rotenberg is suing four Nordic banks for not doing business with him. The oligarch, an associate of President ...

Bloomberg Bank of England (BOE) policy makers considering whether the UK needs further stimulus will get a deluge of data in the coming week. The economy is back under the microscope after outgoing Governor Mark Carney last week said officials are debating the merits of action and have plenty of room to act if necessary. A day later, Silvana Tenreyro ...

Bloomberg China’s fiscal stimulus is shifting back to a focus on infrastructure investment, away from the approach of cutting taxes for businesses the government favored in previous years, according to economists at JPMorgan Chase & Co. “We expect no major further tax cuts in 2020, though the effect of tax cuts will linger into this year,” JPMorgan economists including Zhu ...

Bloomberg The Treasury Department is proposing that the Trump administration revive twice-yearly talks with China to discuss the economic relationship between the countries, according to people familiar with the matter. The talks — if they go ahead — would be separate from phase-two negotiations on a further trade deal that president Donald Trump has said he wants to start “right ...

Bloomberg Carlos Ghosn’s decision to flee to Lebanon last week effectively ended his legal prosecution in Japan, leaving former Nissan Motor Co executive Greg Kelly at the center of the sprawling case. Under Japanese criminal law, only minor accusations can be tried without a defendant, according to Nobuo Gohara, a former prosecutor. That’s not Ghosn. If found guilty of the ...

Bloomberg South Korean e-commerce giant Coupang Corp is preparing for an initial public offering as soon as 2021, according to people with knowledge of the matter. The Seoul-based company, founded in 2010 by Chief Executive Officer Bom Kim and said to be valued at $9 billion in late 2018, has begun working on tax structuring among other changes as it ...

Bloomberg Tesla Inc’s growth potential in China means the stock is undervalued even after a recent rally pushed the shares almost to $500 apiece, analysts at Piper Sandler Cos said while boosting their target price by more than 30%. Piper raised its target to $553 from $423, making it the most bullish among forecasters tracked by Bloomberg. The stock has ...

Bloomberg Byju’s is raising about $300 million in a funding round led by New York-based Tiger Global Management, securing new capital at a valuation of $8 billion for the online education startup’s global expansion. Tiger has invested about $150 million in Byju-parent Think and Learn Pvt, according to people familiar with the deal. Existing investors will likely contribute about the ...

Bloomberg The French government signalled it’s prepared to scrap an effort to raise the age at which workers can retire with full benefits to 64 in a bid to get the country’s moderate unions on board with president Emmanuel Macron’s pension reform plan. “I am prepared to withdraw from the bill the short-term measure which I had proposed, consisting of ...

Bloomberg General Motors Co is moving forward with plans to revive its polarising Hummer brand, this time as an electric truck instead of an emblem of gasoline consumption, according to people familiar with the matter. The Detroit automaker plans to debut a pickup around 2022 with boxy styling cues reminiscent of the Hummers of yore, one of the people said. ...