Bloomberg Citigroup Inc moved a team of sales traders in Hong Kong to work on its equities desk to support clients after eight staff were pushed out in the wake of an internal investigation. Among those moved were Ryan Clendenny, Will Faulkner, Annie Wong, Anthony Levenston and Jensen Feng, according to an internal email sent by Richard Heyes, Asia-Pacific head ...

Bloomberg A group of private equity firms and pension funds agreed to buy Inmarsat Plc for $3.4 billion in a bet on the UK-based satellite operator’s growing inflight broadband business. Inmarsat shares rose more than 8 percent. Talks began in late January as the London-based company faces growing competition from traditional rivals such as ViaSat Inc. and new challengers including ...

Bloomberg The European Union (EU) is set to call on member states to exchange information to manage the cybersecurity risks of 5G wireless networks, side-stepping US calls to outright ban Chinese equipment makers like Huawei. In the recommendation to European capitals due to be unveiled on Tuesday, member states will be given several months to report to the EU potential ...