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China insists balloon had ‘civilian use’

Bloomberg China accused the US of exaggerating the dispute over a balloon the Biden administration says was conducting surveillance, signaling the nations remain at odds over an issue that’s rekindled tensions. “The unintended entry into US airspace of a civilian, unmanned Chinese airship, this is an isolated, unexpected incident,” Chinese Foreign Ministry spokeswoman Mao Ning said Friday at a regular ...

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Meloni says Macron dinner with Zelenskiy was politically wrong

Bloomberg Italian Prime Minister Giorgia Meloni doubled down on her criticism of French President Emmanuel Macron over a dinner he hosted with Ukrainian President Volodymyr Zelenskiy ahead of a European Union summit, calling the invitation “politically wrong.” Speaking on Friday after the EU talks, she said a private meeting in advance that “privileges the internal public opinion of some leaders ...

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Global banks seek to end drought in Chinese developer bond sales

  Bloomberg Global investment banks including JPMorgan Chase & Co. and UBS group AG are renewing efforts to gauge investor interest in Chinese developer bond sales, in hopes of revitalizing a key business following a yearlong deal drought. Hong Kong-based debt capital market bankers have been approaching the investors, encouraged by the recent return to the primary market by major ...

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