Bloomberg Broadcom Inc. reaffirmed its revenue forecast for the current period and reported profit that beat estimates, indicating robust sales of chips used in data-center networks are helping to make up for lackluster demand in the smartphone business. Revenue will be about $5.05 billion, plus or minus $75 million, in the quarter ending in July, the San Jose-based chipmaker said ...

Bloomberg President Donald Trump is about to see whether his bet on North Korea will pay off: that Kim Jong-un’s desire to end his country’s economic strangulation and pariah status will prevail over the dictator’s fear of relinquishing his nuclear threat. Trump and Kim have yet to agree even on how to define denuclearisation of the Korean peninsula — the ...

Bloomberg President Donald Trump broadsided his allies and upended a Group of Seven meeting just as it wound up — disavowing a joint statement the US had agreed to, lashing out at Canada’s Justin Trudeau and ratcheting up trade tensions. Trump fired off a pair of tweets several hours after leaving the summit in Canada to fly to Singapore for ...

Bloomberg Far-right ex-army captain Jair Bolsonaro garnered more support in the wake of a crippling truckers’ strike that brought parts of Brazil to a standstill, a Datafolha opinion survey showed. The poll released by Folha de S.Paulo newspaper has Bolsonaro with 19 percent of vote intentions, up from 17 percent in an April poll. Former Environment Minister Marina Silva was ...

Bloomberg US Special Counsel Robert Mueller’s latest indictment is significant beyond the new charges, in that it links senior officials on President Donald Trump’s presidential campaign to Russian intelligence in a criminal matter. Mueller’s indictment released against Trump’s former campaign chairman, Paul Manafort, adds charges to allegations that Manafort did illegal lobbying work for Ukraine and laundered millions of dollars ...

Bloomberg Prime Minister Theresa May will seek to quash Cabinet squabbling over her Brexit strategy by hosting another away-day at her countryside retreat early next month, as a potentially explosive new proposal emerged. May is facing a torrid time trying to reconcile Brexit backers and pro-Europeans in her top team, with the fight laid bare spectacularly. First there was widespread ...

The relationship between the value of the yuan and the US dollar has broken down in the first few months of 2018, raising questions over the actions and objectives of China’s central bank. Since unveiling a basket of reference currencies used to set the yuan’s exchange rate in 2015, the People’s Bank of China (PBOC) has largely left it alone. ...

Talk of the demise of the world’s largest industrial-machinery maker is probably overdone. Fanuc Corp., the low-key Japanese automation giant whose machines pepper factory floors across the globe, has fallen from investors’ grace: The stock is down more than 30 percent from its January high, while the Topix index has lost less than 6 percent. Much of the gloom stems ...

It’s said that banks stopped inventing anything useful after the ATM. Yet bailed-out lender Royal Bank of Scotland Group Plc (RBS) has given us not just one valuable payments processor, but two. Its Worldpay business was sold to private equity and changed hands again last year for $10 billion. Now Amsterdam-based Adyen BV — whose founders worked for Worldpay — ...

The researchers who pioneered insulin injections for diabetes sufferers in 1922 were dedicated to making the life-saving treatment widely available, and gave away their rights to profit from the discovery. Yet almost a century later, the medicine is still beyond the reach of roughly half of the 100 million people around the world who need it. Governments should be asking ...