Bloomberg Nearly 700,000 undocumented immigrants brought to the US as children won another ruling preserving their protection from deportation, though the Texas judge who sided with them cast serious doubt on the legality of the so-called Dreamer programme. US District Judge Andrew Hanen in the border town of Brownsville ruled that Texas Attorney General Ken Paxton waited too long to ...

Bloomberg George Papadopoulos, a foreign policy adviser to Donald Trump’s presidential campaign and one of the first people charged in Special Counsel Robert Mueller’s investigation of Russian meddling in the 2016 election, doesn’t deserve to go to jail, his lawyers said. Defense lawyers told the judge who will sentence Papadopoulos that “his motives for lying to the FBI were wrong-headed ...

Bloomberg Brazil’s imprisoned Luiz Inacio Lula da Silva has been banned from running for president in October after months of commotion that had tainted what is already the most unpredictable election in decades. In a 6-1 ruling, the country’s top electoral court decided that Lula’s candidacy cannot stand, given his 12-year sentence for corruption and money-laundering by an appeals court ...

Bloomberg President Xi Jinping was expected to use a gathering of dozens of African leaders in Beijing to push back against criticism that China’s vast development initiatives risked saddling emerging economies with debt. Xi’s speech recently to the Forum on China-Africa Cooperation gives him a high-profile chance to defend his signature Belt and Road Initiative to develop roads, railways, ports, ...

Bloomberg President Donald Trump will skip two major summits in Asia in November, a move that could stoke concerns in the region about the US’s reliability as a counterweight to China. The White House said that Vice President Mike Pence would travel to Singapore for an 18-nation summit hosted by the Association of Southeast Asian Nations, before heading to Papua ...

Bloomberg Italy could soon find itself excluded from the heart of euro-area monetary policy for the first time in the currency’s two-decade history. European Central Bank President Mario Draghi’s eight-year term ends in October 2019 and his country has no automatic path to a seat on the Executive Board after that. Instead, its populist leaders must negotiate with the same ...

Bloomberg Shares of India’s Yes Bank Ltd. plunged after the central bank deferred approving another three-year term for Chief Executive Officer Rana Kapoor, while allowing him helm the bank for the time being. Kapoor has received the RBI’s approval to continue as managing director and CEO of the Mumbai-based lender until “further notice” from the regulator, Yes Bank said in ...

Bloomberg One emerging market has so far eluded Standard Chartered Plc Chief Executive Officer Bill Winters: Ethiopia. Winters, head of London-based Standard Chartered since mid-2015, would “love to think that there are opportunities” in Ethiopia, he said in an interview in Nairobi, Kenya. The problem is that it’s entirely closed to foreign banks. “The underlying fundamentals are pretty interesting,” said ...

Bloomberg Banks are worried that South Africa is taking a wrong turn with laws being considered by the nation’s parliament that could leave the economy worse off. “They do not seem to be the legislative underpinning of a comprehensive, implementable national economic recovery plan,” the Banking Association of South Africa (BASA) said in a statement distributed in Johannesburg. “Rather they ...

Bloomberg Union Bank of India is pulling out of the global diamond hub of Antwerp, joining a retreat of lenders from the industry, which has been hit by fraud and bad debt. The bank has given notice that it will close its branch in the Belgian port city within a year, according to Chief Executive Officer Rajkiran Rai Gundyadka. Antwerp ...