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Bloomberg China risks being locked out of talks to establish new global rules to govern the $25 trillion e-commerce marketplace as the US and other nations resist an effort by Beijing to curb the plan’s ambition, according to people familiar with the talks. Negotiations, which are set to be launched on Friday on the sidelines of the World Economic Forum’s …

Bloomberg Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s real estate market. Chairman Hussain Sajwani said the Dubai-based property developer is looking at deals with values from 500 million pounds to 1 billion pounds in central London. Even if the UK left the European …

Bloomberg New York’s plan to put the state’s last coal-fired power plants out of business hasn’t even been approved yet and electricity is already trading like they’re shut. The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May. The only major difference between then and now: a pending state …

Bloomberg US equities advanced alongside stocks in Europe as traders weighed the latest corporate earnings and moves to end the American government shutdown against lingering doubts over trade. The dollar’s six-day rally stalled and Treasury yields rose. The S&P 500, Dow Jones and Nasdaq indexes all opened higher after IBM topped profit estimates and Procter & Gamble increase the upper …

Bloomberg Nasdaq Inc and Citigroup Inc are among firms that are investing $20 million in Symbiont.io Inc, a New York-based company that’s applying blockchain technology to capital markets. Their support for Symbiont shows Wall Street’s enthusiasm for the technology behind Bitcoin hasn’t completely cooled with the collapse in cryptocurrencies. And it comes despite a growing pragmatism about the technology’s limitations …

Bloomberg The Federal Reserve is examining how Deutsche Bank AG handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money-laundering scandals ever. The Fed’s probe is in an early stage as it scrutinises whether Deutsche Bank’s US operations adequately monitored funds from …

Bloomberg Norway’s central bank is seen sticking to the script this week to slowly lift interest rates as it assesses the first tightening in more than seven years. Policy makers in Oslo will leave the benchmark rate at 0.75 percent when they announce their decision on Thursday, according to all economists surveyed by Bloomberg. The meeting is in between monetary …

Bloomberg The Bank of Japan left monetary policy unchanged as it cut its inflation outlook once again, underscoring how far away its price target is and how few options the central bank has for drawing closer. The BOJ maintained its yield curve-control program and asset purchases, it said in a statement on Wednesday, a result predicted by all but one …

Bloomberg South Africa’s inflation rate reached the mid-point of the central bank’s target range of 3 percent to 6 percent in December — something the Reserve Bank says would allow for flexibility in dealing with price shocks. Consumer-price growth slowed to 4.5 percent from a year earlier compared with 5.2 percent in November, the Pretoria-based Statistics South Africa said in …

Bloomberg Just when the Federal Reserve most needs fresh data to keep its policy in sync with the US economy, the government shutdown is getting in the way. Timely information on economic growth, jobs, consumer spending and inflation is always crucial to monetary policy making. Now, the longest shutdown on record is blocking the collection and reporting of many of …