Bloomberg As if on cue, Kim Jong-un returned to Beijing on Tuesday in an illustration of how President Donald Trump’s tariff threats against China could spiral into a broader conflict between the world’s two largest economies. The North Korean leader was expected to spend two days in China — his third such visit since March — presumably to confer with ...

Bloomberg President Donald Trump has agreed to “alter” the 1953 armistice halting the Korean War if North Korea gives up its nuclear weapons, Secretary of State Mike Pompeo said, revealing an apparent promise from Trump’s summit with Kim Jong-un that wasn’t announced at the time. “He has made very clear his commitment to fully denuclearise his country,” Pompeo said of ...

Bloomberg Prime Minister Narendra Modi’s ruling coalition lost a second political ally in three months after his Bharatiya Janata Party (BJP) withdrew its support from the government in the troubled northern state of Jammu and Kashmir. Blaming the state government-led by Mehbooba Mufti of the regional People’s Democratic Party for its failure to maintain law and order and curb a ...

Bloomberg Spain and Italy are heading for a clash over migration as Rome hardened its tough stance on refugees and the new government in Madrid called for a humane approach to asylum-seekers. Three years after a wave of immigrants fleeing wars and chaos in the Middle East and North Africa threatened to overwhelm the European Union, the issue is back ...

China’s plans to create a pipeline giant to aid development of its natural gas market are overdue, and welcome. Unfortunately, they don’t go far enough. The state-owned champion, provisionally dubbed China Pipelines Corp., will combine the pipeline divisions of state-owned PetroChina Co., China Petroleum & Chemical Corp. or Sinopec, and Cnooc Ltd. A mooted market capitalization of as much as ...

Just when the excitement about a potential takeover of Norwegian Air Shuttle AS was beginning to flag, here comes another pocket of air to keep it aloft. British Airways owner IAG SA has sounded more circumspect lately about its stated interest in the transatlantic budget airline. So shareholders in the target will have been delighted by comments from Lufthansa AG’s ...

During the next couple of weeks, the Federal Reserve will generate a data point of great interest to investors: After subjecting the nation’s biggest banks to so-called stress tests, it will decide how much money they can pay out to their shareholders. Fed officials should keep in mind that if the number gets much bigger, it could start chipping away ...

As if Italy and Brexit weren’t challenging enough, the European Union will soon have to deal once more with Greece and its debts. The country is due to leave its third economic adjustment program this summer. After nearly a decade of support from its euro-zone partners and the International Monetary Fund, Greece and its creditors are hoping that it will ...

Britain’s Financial Conduct Authority (FCA) is reviewing how the finance industry is implementing Europe Union rules on how research gets paid for. It’s evidence that even with Brexit looming, the UK regulator will seek to maintain the highest governance standards. But that hardline stance risks leaving a blot on FCA Chief Executive Officer Andrew Bailey’s resume if he applies for ...

The Swiss-based Bank for International Settlements – often described as “the bank for central banks” – likes order, technocracy and not rocking the boat. Given Bitcoin’s tumbling price and evaporating trading volumes, its 24-page report on the digital currency was always going to be withering. But amid all the righteous indignation, there was something missing: What exactly does BIS suggest ...