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Bloomberg Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district. Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details ...

Bloomberg Technology stocks have reclaimed record highs, making them one of the first groups to put last year’s carnage behind them. But everywhere else you look in the industry, bad news is overwhelming the good. Profits are shrinking at an alarming pace, valuations are reflating and politicians want to break the companies up. Semiconductor orders have slumped, and spending on ...

Bloomberg The omens are looking bad for the yen. Traders have boosted short positions on Japan’s currency for six straight weeks as signs that economic growth is slowing make it more likely the central bank will maintain its record monetary stimulus. At the same time, global risk sentiment is improving as the US and China near a deal to resolve ...

Bloomberg Stung by a $1.9 billion fine in 2012 for failure to prevent money laundering, HSBC has been trying to get its house in order. It quintupled the number of employees assigned to spot suspicious activity to 5,000, upgraded its technology and, in 2016, hired Jennifer Calvery, the US Treasury Department’s top anti-money-laundering official, to oversee its efforts — the ...

Bloomberg India’s central bank is on course for its most aggressive monetary policy easing in more than three years, as it seeks to support the world’s fastest-growing major economy in the face of risks both at home and abroad. The Reserve Bank of India (RBI) delivered its second successive interest rate cut and said it stands ready to use all ...

Bloomberg Cultural risks are the greatest challenge to a successful merger of BB&T Corp. and SunTrust Banks Inc., according to Wells Fargo & Co. analyst Mike Mayo. “The ability to manage this and other risks can make an estimated $10 billion difference in the new firm’s market value,” Mayo said in a note to investors. The combined company must work ...

Bloomberg Switzerland is proposing bigger capital cushions for the country’s top banks that could force UBS Group AG and Credit Suisse Group AG to set aside an additional 24 billion Swiss francs ($24 billion) in reserves. The Finance Ministry is weighing an amendment to capital adequacy rules to try to ensure that the parent companies of systemically important banks are ...

Bloomberg Deutsche Bank AG and Commerzbank AG’s merger talks have prompted rare unity across Germany’s fractious political spectrum: a collective thumbs down. Lawmakers from Chancellor Angela Merkel’s Christian Democratic-led bloc to the anti-capitalist Left party and far-right AfD are laying into the plans. With the Social Democratic colleagues of Finance Minister Olaf Scholz also questioning the deal, the project’s main ...

Bloomberg The Spanish government won final approval for an emergency decree boosting tenants’ rights at the expense of landlords less than four weeks before a general election. Prime Minister Pedro Sanchez’s Socialist administration prevailed 33 votes to 31 at the parliamentary panel that can confirm or revoke legislation when the full plenary is out of session. The measures, negotiated with ...

Bloomberg Colorado’s legislature passed a sweeping overhaul of the state’s oil and natural gas laws, giving local governments more power to regulate drilling in one of the nation’s top crude-producing regions. The bill, which passed the state Senate by just three votes amid intense industry opposition, now heads to the desk of Democratic Governor Jared Polis, a longstanding proponent of ...