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Bloomberg Chinese electric-car maker Xpeng Motors Technology Ltd has raised $400 million from investors including technology company Xiaomi Corp, as it seeks a spot among China’s more serious contenders in the market. Private-equity firms and individual investors including founder He Xiaopeng also took part in the funding round, the company said in a statement. The startup said in June it ...

Bloomberg The Japanese telecommunications business of billionaire Masayoshi Son’s conglomerate is planning to sell its first bond since listing, in a test of investor sentiment after recent stumbles by the broader group. SoftBank Corp is considering the sale of five-, seven- and 10-year notes in the current fiscal year ending March 31, with pricing likely to occur in the January-March ...

Bloomberg Singapore has unveiled an ambitious strategy to become a global leader in artificial intelligence by 2030, attempting to carve out a niche for itself in an increasingly politicized technology. Deputy Prime Minister Heng Swee Keat outlined five key areas the island nation is targeting for AI applications including in transport and logistics planning, provision of municipal services, detection and ...

Bloomberg US equity-index futures retreated with stocks in Europe and Asia on Wednesday as investors digested President Donald Trump’s latest comments on trade as well as ongoing unrest in Hong Kong. Treasuries led a bond rally. Contracts on all three main American gauges pointed to a drop at the open after the S&P 500 closed just shy of a record ...

Bloomberg Just as Spanish stocks were starting to rally towards this year’s highs, a coalition with an anti-austerity political party is dampening the mood once more. The benchmark IBEX 35 Index is down 2.5% since the vote that left the ruling Socialists weaker, forcing them to seek a coalition with an erstwhile foe. Only last week, the measure rose to ...

Bloomberg Pakistan Petroleum Ltd (PPL) is looking to begin zinc and lead exports from next year as the nation’s largest gas explorer moves away from the fuel after a decade of zero growth in domestic production. The oil and gas explorer aims to boost revenue from its mining business to $100 million annually within three years, CEO Moin Raza Khan said. ...

Bloomberg The Lebanese army deployed heavily across the country and banks and schools remained shut for a second day as protesters incensed by a call to go home began to converge on the presidential palace. Life in much of Lebanon ground to a halt a day after President Michel Aoun told anti-government demonstrators to disperse or else they’d risk the ...

Bloomberg Chile’s President Sebastian Pinera called for a national agreement on peace and a new constitution as security forces struggled to control riots across central Santiago. Speaking from the presidential palace, close to the disturbances, Pinera asked political forces and social organisations to unite around peace and social justice. “This situation needs to end and it needs to end now,” ...

Bloomberg A veteran China-friendly politician joined the race for Taiwan’s presidency in a potential blow to Beijing, ramping up the pressure on its preferred candidate as he struggles to reinvigorate a flagging campaign to unseat President Tsai Ing-wen. People First Party Chairman James Soong announced that he plans to make a fourth bid for Taiwan’s presidency at a briefing in ...

Bloomberg Donald Trump’s attempts to pressure Ukraine was expected to be scrutinised in a historic public forum on Wednesday as the House opens impeachment hearings that will pit him against Intelligence Committee Chairman Adam Schiff, who is tasked with making the case to remove the president from office. Trump has so far been able to count on the support of ...