Bloomberg Russia’s billionaire oligarchs are beginning to face additional scrutiny on at least some financial transactions following US publication of a list of wealthy Russians identified as allies of President Vladimir Putin. One wealthy Russian on the list who spoke on condition of anonymity said he’s worried a deal with foreign partners expected to close in the next few months ...

Bloomberg US Vice President Mike Pence declined to rule out talks with North Korean officials while attending Winter Olympics events in South Korea, even as he urged the isolated regime to abandon it nuclear program. “I haven’t requested any meeting, but we’ll see what happens,” Pence told reporters at Elmendorf Air Force Base, Alaska, before departing for Tokyo. “My message ...

Bloomberg Chancellor Angela Merkel called on Germany’s prospective coalition parties to compromise, pointing to turbulence on global stock markets as adding urgency to talks to end the country’s political impasse. After more than four weeks of coalition negotiations between her Christian Democrat-led bloc and the Social Democratic Party, Merkel faces the most serious deadline yet in her bid for a ...

BRUSSELS / Reuters Kenyan authorities charged an opposition figure over his attendance at a mock inauguration ceremony, as protests erupted over the arrest of anti-government leaders. Police charged Miguna Miguna with being present at the administering of an oath of office to National Super Alliance leader Raila Odinga on January 30 “purporting to bind” Odinga to a treasonous offense, according ...

Bloomberg Colombia has created a shelter along its eastern border to care for Venezuelans escaping their nation’s autocratic government and ravaged economy, and Brazil may follow suit. Refugee camps, a sad staple of life in Africa and the Middle East, are rare in South America. But the migration is of a volume unseen in the region since armed conflicts gripped ...

Bloomberg Time appears to be running out for South African President Jacob Zuma. Six weeks after his deputy, Cyril Ramaphosa, replaced him as leader of the ruling African National Congress, the party’s top brass is due to meet in Cape Town to decide whether to force him from office. The crunch meeting of the National Executive Committee comes a day ...

Donald Trump is a man more of words than actions. Still, his administration’s recent rhetoric in three areas — currency, trade and taxation — is raising hackles across the European Union. Unity among EU member states is key to addressing the first two challenges in a way that safeguards the European economy. On the third, however, the EU should view ...

The market’s worst defence could be its too-good offence. The stock market plunged on Monday, extending a slide that started last week. The Dow Jones Industrial Average sank as much as 1,500 points before recovering to close just down 1,175. The S&P 500 Index dropped more than 4%. This, of course, wasn’t what was supposed to happen for a specific ...

Whenever there’s a sharp global sell-off sparked by US equities, Goldman Sachs Group Inc. comes out warning of more volatility and pain ahead. In July, when there was a brief dip and the Cboe Volatility Index jumped, the venerable investment bank said selling from risk-parity funds, which buy government bonds to hedge against stock portfolios, could lead to more offloading ...

Jerome Powell takes over as chair of the Federal Reserve just as new figures show earnings and inflation edging up. It’s good news that the recovery is helping wages to rise faster and bringing inflation closer to the Fed’s target of 2 percent — but as last week’s big drop in equity prices suggests, it also complicates Powell’s job. Though ...