Bloomberg US President Joe Biden taunted Xi Jinping in his State of the Union address, saying autocracies had grown weaker around the world and no one would want the Chinese leader’s job. “Name me a world leader who’d change places with Xi Jinping,” Biden shouted, departing from his prepared text Tuesday night as he waved a finger. “Name me one, ...

Bloomberg Chinese leader Xi Jinping appears to be recalibrating his hardline approach to Taiwan in the year before the island holds a presidential election that his government’s preferred negotiating partner has a shot at winning. Kuomintang Vice Chairman Andrew Hsia is expected to visit China on Wednesday, the latest in a series of friendly gestures between the one-time foes in ...

Bloomberg South Korea’s progressive opposition bloc used its majority in parliament to approve an unprecedented impeachment measure against the interior minister, heating up partisan tensions as worries mount about the country falling into recession. The Democratic Party and small groups passed the measure Wednesday to impeach Lee Sang-min, making him the first cabinet minister in the country’s history to be ...

Bloomberg Societe Generale SA fell short of a pledge to pay out half of its underlying profit to shareholders, even after its fixed-income traders handed Chief Executive Officer (CEO) Frederic Oudea a bigger-than-expected profit. Revenue from buying and selling fixed-income products and currencies jumped 56% in the fourth quarter, beating analysts’ estimates as well as all main rivals so far. ...

  Bloomberg ABN Amro Bank NV reported fourth-quarter profit that beat analysts’ expectations as the Dutch lender restrained costs and announced a $536 million share buyback. Net income of €354 million in the three months through December compared with expectations for profit of €55.1 million, with the result aided by a combination of lower loss provisions and operating expenses, according ...

  Bloomberg BNP Paribas SA plans to buy back €5 billion ($5.4 billion) of shares after the sale of its US unit, and raised its profitability targets as traders posted a quarter that beat many Wall Street peers. The Paris-based bank is set to distribute about €4 billion related to the sale of Bank of the West and €962 million ...

  Bloomberg India’s central bank (RBI) slowed the pace of interest-rate increases while keeping the door open for further policy tightening to curb core inflation. The RBI’s six-member Monetary Policy Committee voted 4-2 to raise benchmark repurchase rate by a widely expected quarter-point to 6.50%, slowing from the 35 basis-point hike in December. The panel also retained its stance of withdrawing ...

  Bloomberg US futures retreat amid mixed earnings reports, while stocks caught up with late advances on Wall Street spurred by a sanguine rates outlook. Oil extended an advance. Contracts on the three major US gauges fell, following Tuesday’s rally after Federal Reserve Chair Jerome Powell refrained from pushing back against investor optimism. Chipotle Mexican Grill Inc. dropped in premarket ...

Bloomberg Masayoshi Son is now personally on the hook for about $5.1 billion on side deals he set up at SoftBank Group Corp. to boost his compensation, as losses mounted at its core Vision Fund venture capital arm. Son, whose stake in SoftBank grew in recent months, also owns portions of the company’s key investment vehicles. While these holdings have ...

  Dubai / Gulf Time MaximiliaN London, which was founded in London in 1999, presents a varied collection of fine jewelries for Valentine’s Day. The collection contain new additions which reflect the aesthetic and nuanced designs created by elite artists, designers and jewelers from all over the world, who share one passion which is Gemstones. MaximiliaN London produces a collection ...