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China credit growth exceeds estimates despite debt curb vow

Bloomberg China’s broadest gauge of new credit exceeded projections, signaling that the funding taps remain open even as the government pushes to curb excessive borrowing. Aggregate financing stood at$276 billion in September, the People’s Bank of China said, compared with an estimated 1.57 trillion yuan in a Bloomberg survey and 1.48 trillion yuan the prior month. New yuan loans stood ...

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China firms bidding for Chicago Exchange drop out

Bloomberg Two of the three China-based bidders for the Chicago Stock Exchange have withdrawn from the group trying to acquire the market, according to a person familiar with the matter. Chongqing Jintian Industrial Co. and Chongqing Longshang Decoration Co. are pulling out of the deal, according to the person, who asked not to be identified discussing private negotiations. That leaves ...

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UK sees $837 billion gain on artificial intelligence by 2035

Bloomberg Artificial intelligence could add 630 billion pounds ($837 billion) to the UK economy by 2035, a government-commissioned report said. The economic boost would come from a combination of more personalised services, improvements in health care and adopting machine learning to find ways to use resources more efficiently, according to the report. But to see that gain, the UK needs ...

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