Bloomberg New Enterprise Associates (NEA), one of the largest venture capital (VC) firms in Silicon Valley, is selling off a chunk of its more mature startup investme-nts to a separate fund run by one of its partners. Goldman Sachs Group Inc, an investor in NEA, bought a stake in the new $1.35 billion fund, which expands the Wall Street firm’s ...

Bloomberg As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial institutions are having or have had talks with the Dutch central bank about setting up shop in the Netherlands, according to Tobias Oudejans, a spokesman for the institution. Fewer than five companies have been granted licenses ...

Bloomberg AT&T Inc is putting its new Time Warner arsenal of media properties to work, unveiling plans to roll out a three-tiered streaming-video service to compete with Netflix Inc. One of the new products launching late next year will be a movies-only plan, the company said. Another will have original programming as well as blockbuster films. And the highest-priced choice ...

Bloomberg California’s top energy regulator isn’t sure how to fix PG&E Corp. As protesters chanted “No bailout” at a public meeting, California Public Utilities Commission President Michael Picker said the company “lacks a clear vision for safety” and will face a sweeping review following the deadliest wildfire in state history. “Is there a different model to ensure that we have ...

President Trump, do yourself a favour. Stop attacking the Federal Reserve and its chairman, Jerome Powell (yes, the same Powell you nominated). The result would be better for you, better for Powell and — most important — better for the country. Unfortunately, Trump can’t seem to restrain himself. The Fed has been raising short-term interest rates since late 2015 and ...

Just as the sun seems to be setting on nuclear power in rich countries, Taiwan’s voters have delivered it a new lease on life. A plebiscite on whether to repeal a law requiring the country’s four operating reactors to switch off by 2025 passed with 59.5% of the vote in the country’s local elections. As a result the government will ...

Just what does a no-deal Brexit look like? Everyone is bracing for it – some even talk of stockpiling food and medicines – but nobody quite knows what the consequences of driving off the cliff-edge would be. As UK Prime Minister Theresa May uses that fear of the unknown to prod lawmakers into approving her imperfect but take-it-or-leave-it deal, Paris ...

The construction of Nord Stream 2 — a pipeline for delivering natural gas from Russia to Germany — could hardly have come at a worse time. The United States and Europe are already feuding over trade, defense spending. Now, the US opposition to the pipeline sets the scene for another falling out. To be clear, the US is right to ...

Russia is preparing to sell bonds denominated in euros for the first time since 2013. Despite the recent drop in oil prices, it has a budget surplus and doesn’t really need to borrow; the bond placement is a test of the ‘dedollarisarion’ program, put in place by President Vladimir Putin this year. If the test and the plan are successful, ...

Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks. In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured. Disagreeing about the future ...