Bloomberg US exchanges handle about 29 percent of global Bitcoin trading — much more than previously thought because some unregulated rivals overseas are inflating their volumes, according to estimates from a firm working to create a crypto exchange-traded fund. The US is the world’s second-largest domicile for exchanges by trading volume after Malta, Bitwise Asset Management found in a report. ...

Bloomberg Malaysian billionaire T. Ananda Krishnan’s Bumi Armada Bhd is nearing an agreement for a loan of around $500 million, people with knowledge of the matter said, in a deal that will give the embattled energy firm more time to restructure. Banks are finalising details of a five-year credit facility, according to the people, who asked not to be identified ...

Bloomberg SoftBank Group Corp founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com Inc — but he missed out over $30 million. Son, speaking at the Milken Institute conference in Tokyo, said he was close to striking a deal to acquire 30 percent of the ...

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 ...

Bloomberg Confidence among German companies unexpectedly improved in March, providing a glimmer of hope for the European economy. Ifo’s closely-watched index rose to 99.6, beating forecasts for a reading of 98.5, and a gauge of executives’ expectations also rose. The improvement helps to dispel some of the gloom after a survey showed German manufacturing in its deepest slump in more ...

Bloomberg Americans bought 524,000 small, starter pickup trucks last year—about 1,400 a day—but not one of them had removable doors. In a few weeks, that small but noteworthy gap in the market will be filled by the Jeep Gladiator, an all-new rig that represents Fiat-Chrysler’s initial bid to buccaneer its way back into one of the industry’s hottest segments. The ...

Bloomberg AT&T Inc. resolved its contract dispute with Viacom Inc., staving off a blackout that would have kept its millions of pay-TV customers from seeing cable channels such as Nickelodeon and MTV. The deal reached “brings AT&T customers more choice and improved value for Viacom content,” according to a joint statement that provided few other details. The companies’ contract, which ...

Bloomberg Russia urged US President Donald Trump to seize the opportunity to reset relations after Special Counsel Robert Mueller’s report found no evidence of collusion between his campaign and the Kremlin. “There’s a chance to renew much in our relations, but the question is whether Trump will take the risk,” Konstantin Kosachyov, chairman of the international relations committee in the ...