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Bloomberg Facebook Inc Chief Operating Officer Sheryl Sandberg said the company’s planned cryptocurrency coin, Libra, is a “long way from launch.” The social-media giant unveiled plans for a new global financial system based on a so-called stablecoin — a digital currency that’s supported by established government-backed currencies and securities. The project, more than a year in the making and including ...

Bloomberg Emerging-market currencies offer some of the best value as an eight-year run of dollar strength is “close to the end,” according to Pacific Investment Management Co (Pimco). “We like to be long a number of those,” Gene Frieda, a Pimco strategist in London, said. Slowing US growth will finally put a dent in the greenback, while counterparts in the ...

Bloomberg Both China’s Xi Jinping and North Korea’s Kim Jong-un have suffered from President Donald Trump’s penchant for walking away from talks. Now, he’ll have to worry about what they tell each other behind closed doors. Xi’s state visit to Pyongyang on Thursday — the first such visit by a Chinese president in 14 years — will showcase a renewed ...

Bloomberg President Hassan Rouhani said Iran’s decision to end its compliance with some measures within the nuclear deal were the “minimum” that the Islamic Republic could do in response to the US violating the landmark accord, according to the semi-official Iranian Students’ News Agency (INSA). Rouhani said “the other side in the agreement” hadn’t only failed to fulfil its obligations ...

Bloomberg German Chancellor Angela Merkel said there is “strong evidence” supporting a US accusation that Iran was behind last week’s attacks on oil tankers in the Gulf of Oman. “We of course take these explanations very seriously, and there is strong evidence,” the German Chancellor said at a news conference after talks with Ukraine President Volodymyr Zelenskiy in Berlin. “But ...

Bloomberg Japan rejected a South Korean proposal for a joint compensation fund to resolve a dispute over colonial-era forced labour claims, in the latest sign of strain between the two US allies. South Korea’s Foreign Ministry said it was willing to consider diplomatic talks about compensation for Koreans forced to work for Japanese companies before and during World War II. ...

Bloomberg House Speaker Nancy Pelosi ruled out the possibility of censuring President Donald Trump as an alternative to impeachment, saying that it would be a half-way measure and little more than “a way out.” “Censure is nice but it is not commensurate with the violations of the Constitution, should we decide that is the way to go,” Pelosi told reporters ...

Bloomberg Boris Johnson extended his lead over his rivals in the race to become Britain’s next prime minister, and looked poised to pick up more votes as the hardest Brexiteer in the contest was eliminated. This week will see Conservative members of parliament narrow the field of possible successors to Theresa May down to two candidates, who will then be ...

Bloomberg Airbus SE muscled its way to the front again on the third day of the Paris Air Show, adding orders for its newest plane after US rival Boeing Co stole the spotlight with a mega-deal for its grounded 737 Max. The new A321XLR now has seven customers lined up after Qantas Airways Ltd and US-based Indigo Partners LLC signed ...

Bloomberg KKR & Co is nearing a deal to exit part of its stake in Weststar Aviation Services Sdn, Southeast Asia’s biggest provider of helicopters for the offshore energy industry, people with knowledge of the matter said. The private equity firm is in advanced talks to sell a portion of its 40 percent Weststar holding to the company’s controlling shareholder, ...