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Bloomberg The former prime minister of Mongolia said he is the victim of a global smear campaign likely orchestrated by the current president to label him as corrupt ahead of a June election. Sukhbaatar Batbold, a businessman who was Mongolia’s prime minister from 2009 to 2012, claimed President Khaltmaagiin Battulga appears to be the architect of a series of lawsuits ...

Bloomberg The Chinese Foreign Ministry summoned the British ambassador, escalating a row between countries over press freedom. The ministry said in a statement that Ambassador Caroline Wilson posted a public article on the popular WeChat messaging service complaining about sanctions on foreign media, even as those news outlets spread fake news. The article “deliberately confused defamation with critical news reporting” ...

Bloomberg Officials at the International Monetary Fund (IMF) see some benefit in delaying a $45 billion agreement with Argentina after the nation’s midterm election in October, with talks yielding little progress six months after they began, according to people familiar with the situation. While IMF negotiators prefer to hash out a deal with Argentina as soon as possible, some see ...

Bloomberg Investors rushed back into Tesla Inc. shares, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year. A steady stream of positive news — including an upgrade from a Wall Street analyst, a rally in the cryptocurrency Bitcoin and a broader turn in sentiment toward high-multiple technology stocks ...

Bloomberg UK retail sales growth accelerated in February as government’s roadmap to end coronavirus lockdown spurred purchases of back-to-school items, an industry survey showed. The increase of 1% last month compared with a gain of 0.1% a year ago and average growth of 0.6% for the past three months, according to the report by the British Retail Consortium and KPMG. ...

Bloomberg As the House is poised to send the $1.9 trillion Covid-19 relief plan to President Joe Biden for his signature, providing an economic boost that will last long after $1,400 stimulus checks start arriving in Americans’ accounts this month, the US economic outlook is much sunnier than it looked in early January. The latest Bloomberg monthly survey of economists ...

Bloomberg Vodafone Group Plc is looking to raise 2 billion euros ($2.4 billion) from an initial public offering of its European mobile-phone towers unit in Frankfurt, in what will be one of the region’s biggest stock market listings this year. The UK telecommunication giant plans plans to sell shares in Vantage Towers AG at 22.50 euros to 29 euros apiece, ...

Bloomberg Puerto Rico is asking the court overseeing its record bankruptcy to consider a revised restructuring plan to cut $18.8 billion of bond debt backed by the central government, reviving a restructuring effort that has largely been stalled for a year by the coronavirus pandemic. Puerto Rico’s financial oversight board filed its debt adjustment plan, which hews to the terms ...

Bloomberg A world-beating rally in Chinese stocks has turned into the biggest rout globally, shocking investors with the severity of its reversal and evading state efforts to slow the pace of losses. In just 14 trading days, the nation’s benchmark CSI 300 Index has plummeted 14% from a 13-year high. That compares with a 2.2% drop by the MSCI All-Country ...

Bloomberg European stocks edged higher with US futures on Wednesday as cyclical shares outperformed and the rally in the technology sector appeared to lose steam. The Stoxx Europe 600 Index swung between losses and gains as automakers, energy firms and banks led the gauge. The exception was mining stocks, which hit a three-week low amid declining iron ore prices. Just ...