Bloomberg Secretary of State Mike Pompeo demanded Iran halt all uranium enrichment, stop its ballistic-missile programme and give nuclear inspectors access to the entire country, in a speech detailing the US approach now that President Donald Trump has withdrawn from the 2015 nuclear deal. The demands were among 12 “basic requirements” that the US will seek if Iran wants relief ...

Think the plummeting costs of solar and wind are transforming the energy landscape? Then you should be betting on ways to warehouse that power. To understand why, consider: Unlike almost all their rivals in the energy-generation space, solar panels and wind turbines are mass-produced goods. That means they’re subject to the rules of continual improvement and falling costs that we ...

It’s Groundhog Day again for the euro. It doesn’t really matter whether talks in Italy between the Five Star Movement and the League still include plans to seek a write-off of 250 billion euros ($295 billion) of the nation’s debts and secure an exit mechanism from the euro, as the Huffington Post reported. The fact that these ideas were even ...

Call it full circle. Five years after the 2013 taper tantrum, Indonesia is looking fragile again. This year, foreigners have been selling anything to do with the Southeast Asian nation. The Jakarta Composite Index is down 7.4 percent, making Indonesia, along with the Philippines, one of the worst-performing emerging markets in the region. The rupiah has tumbled 3.6 against the ...

Pop quiz: Which of Alphabet Inc., Apple Inc., Amazon.com Inc., Facebook Inc. and Netflix Inc. has shouted most to investors about Bitcoin or blockchain? The answer is… none of the above. Bloomberg’s database of regulatory filings shows no mention of either blockchain or Bitcoin in these companies’ disclosures since 2008. The closest was Netflix CFO David Wells, who said on ...

My favourite bit in the Wall Street Journal story about Wells Fargo & Co.’s latest regulatory screw-up was this statement from the bank’s public relations department: Over the past several months we’ve built more robust internal processes that reinforce our values, and if we find any situations where behavior violates those values, we take swift action to correct. To which ...

Xiaomi Corp.’s IPO killer just arrived on the scene. China Tower Corp., a telecommunications construction firm that’s owned by the country’s three state operators, is following in the smartphone seller’s footsteps, applying to go public in Hong Kong. The Beijing-based group may raise as much as $10 billion, putting it in the same league as Xiaomi, which is seeking a ...

One year after the election that ushered in the youngest president in French history, Emmanuel Macron isn’t interested in assessments; his reforms, he says, will take a few years to bring results. But one thing is certain: Macron has quietly shelved the best ideas from his campaign and the early days of his administration. The first shelved idea was a ...

Bloomberg US stocks surged and the dollar strengthened against most major peers and as the Trump Administration sought to deescalate a trade rift with China. Treasury yields climbed as havens such as the yen and gold tumbled. All major equity gauges were higher led by strength in technology companies. The greenback rose after Treasury Secretary Steven Mnuchin said that the ...

Bloomberg The gains in Malaysian equities since Mahathir Mohamed’s shock election win haven’t stopped an exodus of foreign money from gathering pace — with this year’s almost $1 billion of overseas inflows into the market at risk of being wiped out. The nation’s stock market had a volatile start following a three-day holiday for the election, before the benchmark inched ...