Pelosi’s impeachment move takes Dems on leap into dark

Bloomberg Nancy Pelosi set House Democrats on a course towards an impeachment of President Donald Trump without a clear road map for where it will go and how long it will take — even as new information comes to light. Democrats accelerated their inquiry, issuing a subpoena and setting plans for witness interviews. But Pelosi, the House speaker, must still ...

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Court foils Trump’s removal of migrants

Bloomberg The White House denounced a federal judge’s decision to halt President Donald Trump’s administration from expediting deportations of people who entered the US illegally. “Once again, a single district judge has suspended application of Federal law nationwide — removing whole classes of illegal aliens from legal accountability,” the White House said in a statement. US District Judge Ketanji Brown ...

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Ivory Coast leader wants ‘next gen’ to take over

Bloomberg Ivory Coast President Alassane Ouattara is in favor of “handing over to the new generation” in next year’s presidential polls, but did not rule out running in the election. The 78-year-old, who has just over a year left of his second term in office, was addressing reporters in his hometown of Dimbokro after a four-day visit to the surrounding ...

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HK clashes intensify with petrol bombs, fires

Bloomberg Hong Kong police used a water cannon, rubber bullets and tear gas on protesters who set a train station entrance on fire and hurled petrol bombs as they tried to march on the government offices in the city center. Demonstrators marched without permission on Sunday after an approved rally the day before. Chief Executive Carrie Lam took responsibility for ...

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Macri promises to turn around presidential race

Bloomberg Chanting “Yes, we can!” along with thousands of supporters, Argentine President Mauricio Macri pledged to lift salaries and economic growth as he began a final bid to come back in the polls ahead of a presidential vote next month where his chances of victory have been largely written off. “This election can be turned around,” Macri told the crowd ...

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Boris Johnson says won’t quit if exit day is delayed

Bloomberg UK Prime Minister Boris Johnson suggested he won’t quit if he fails in his defining mission to deliver Brexit by the end of October. In an interview with the BBC, he refused to back down over his use of military terms to describe the opposition to his Brexit strategy, while facing questions over his alleged links to a businesswoman ...

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Credit Suisse saga exposes banker-surveillance state

Bloomberg The scene: a street in Zurich. The mark: a wealthy Swiss banker. His pursuers: hired goons looking for intel. It sounds like something ripped from John Le Carre. In fact, it’s real-life — and not all that unusual in the world of high finance. News that Credit Suisse Group AG had hired private investigators to tail a star banker ...

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Bad loans prompt India to sanction bank that’s seeking merger

Bloomberg India’s central bank placed lending restrictions on Lakshmi Vilas Bank Ltd, adding to the company’s troubles after its chief executive officer abruptly quit last month and police registered a case of alleged fraud. Lakshmi Vilas Bank, which is seeking a merger with financier Indiabulls Housing Finance Ltd to reduce its delinquent debt, was informed it would be brought under ...

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Greece needs lower fiscal targets: IMF

Bloomberg A reduction of Greece’s fiscal targets would support the country’s economic and social recovery, the International Monetary Fund said. In 2020, the IMF recommends that “the government and European partners build consensus around a lower primary balance path, given ample economic slack and critical unmet social spending and investment needs,” according to the fund’s statement after the conclusion of ...

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Jefferies hit by $146m WeWorks writedown

Bloomberg Jefferies Financial Group Inc’s earnings took a hit from an unlikely source: WeWork’s dropping valuation. Third-quarter revenue came in below even the lowest analyst expectationas the company’s merchant banking unit wrote down the value of its investment in We Co by $146 million. Net revenue fell slightly to $777 million despite increases in both fixed-income and equities trading, Jefferies ...

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