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Bloomberg President Joe Biden and congressional Democrats are making a pre-election push for legislation targeting so-called dark money groups, despite the party’s own heavy reliance on these anonymous donors. The legislation, which would require disclosures of large political donations, is almost certain to fail amid strong GOP opposition. But it gives Democrats a chance to make a political point less ...

  Bloomberg Democratic Republic of Congo’s President Felix Tshisekedi excoriated Rwanda for alleged incursions by its army and its support for a rebel group in his country’s eastern region in a wide-ranging speech at the United Nations General Assembly. Tshisekedi cited a report by UN experts that accuses Rwanda of backing the M23 rebel group, which occupies a small part ...

Bloomberg UK Prime Minister Liz Truss’s new government has looked at changing the Bank of England’s (BOE) money-printing program to save the UK taxpayer billions of pounds at a time when the public finances are under increasing strain. Under the option, interest paid on some deposits held by commercial lenders at the BOE would be scrapped, potentially saving more than ...

  Bloomberg Royal Bank of Canada (RBC) is merging its RBC Ventures partnership group with its RBCx technology banking and innovation arm in a bid to capture more business from entrepreneurs at all stages of their startups’ growth. Sid Paquette, who has led both RBCx and Ventures since April, will head the combined business, the Toronto-based bank said in a ...

  Bloomberg Rakuten Group Inc has chosen Goldman Sachs Group Inc and Daiwa Securities Group Inc as lead managers for its banking unit’s initial public offering, people familiar with the matter said, as the online retailer chases fintech growth to counter mounting losses. Rakuten is preparing to list its banking unit with a valuation of around 300 billion yen ($2.1 ...

  Bloomberg Bank of America Corp expects initial public offerings in India will regain their recent momentum as soon as in the first quarter of next year, bolstered by the underlying strength of the market. “I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India ...

  Bloomberg Chubb Ltd is in advanced talks to form an insurance partnership with Hang Seng Bank Ltd, a Hong Kong-based lender majority owned by HSBC Holdings Plc, according to people familiar with the matter. The parties are hammering out the details of a transaction that could be agreed over the coming weeks, the people said, asking not to be ...

Bloomberg Markets were muted on Wednesday with investors mostly staying on the sidelines before another expected rate hike from the Federal Reserve. Treasuries and the dollar gained on haven flows after Russian President Vladimir Putin stepped up his war against Ukraine. US equity futures pointed to a recovery from the slide in the S&P 500 on anxiety policy makers are ...

  Bloomberg India’s capital market regulator has increased vigil over new age fintech companies amid exponential growth in that sector and pledged to tighten scrutiny of their business models after some large initial public offerings left retail investors with significant losses. “In past we have been little late to the party but now it is our intention to narrow that ...

  Bloomberg Cryptocurrency investors waited with bated breath for a Federal Reserve policy decision that likely holds the key to whether Bitcoin can avert a drop to levels last seen when the pandemic was raging globally. The largest token was little changed at $19,000 as of 11:44 a.m. in Singapore on Wednesday, while other major coins like Ether, Solana and ...