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Bloomberg The White House delivered a whipsaw message to North Korea, announcing it’s ready to start planning a second meeting with Kim Jong-un just hours after President Donald Trump’s top national security adviser said nuclear talks were stalled. Press Secretary Sarah Huckabee Sanders told reporters that Trump had received “a very warm, very positive letter” from Kim seeking a follow-up ...

Bloomberg Sweden’s political establishment contained a nationalist surge. Now it may need to throw away the old rules to form a viable government. Both of Sweden’s traditional blocs, one led by the Social Democrats and one by the conservative Moderates, claimed victory after Sunday’s election that’s still too close to call. The nationalist Sweden Democrats surged to about 17.6 percent, ...

Bloomberg European lawmakers will make final arguments on whether Hungarian Prime Minister Viktor Orban’s “illiberal” government should be subject to the European Union’s strictest sanctions for threatening democracy and the rule-of-law in the world’s largest trading bloc. The 751-member European Parliament has never before voted to trigger Article 7 of the EU treaty against a member state, which could ultimately ...

Bloomberg Bank of Montreal (BOM)’s chief executive officer says he doesn’t need to make another acquisition to meaningfully lift earnings from the US. “If we continue doing the things that we’re doing organically, I could see a third of the bank coming from US earnings,” Chief Executive Officer Darryl White, 47, said. “To get beyond that you’d have to resume ...

Bloomberg Barclays Plc, which houses one of the world’s biggest investment banks, will create about 150 new roles as the firm prepares for Britain’s exit from the European Union, a top executive told UK lawmakers. The new hires in Europe will be in addition to the 150 current UK-based positions that will mostly “ migrate” to Dublin, Kevin Wall, chief ...

Bloomberg ING Groep NV, under fire after paying one of the biggest fines ever given to a Dutch lender, ousted Chief Financial Officer Koos Timmermans, who had once been responsible for the division caught up in a money-laundering probe. The 22-year ING veteran will stay in his position until a successor is found, the Amsterdam-based bank said, adding that it ...

Bloomberg DBS Group Holdings Ltd., Southeast Asia’s biggest bank, unveiled a service that will allow wealthy clients to interact with their relationship managers on WeChat and WhatsApp. The Singapore-based lender will begin registering interested clients for the service known as Wealth Chat, DBS said. It will initially provide content such as investment reports and research insights, with services like trade ...

Bloomberg Time may heal all wounds. But the decade since the collapse of Lehman Brothers Holdings Inc. hasn’t been long enough to restore investors’ faith in banks. While this week marks the 10-year anniversary of the Lehman bankruptcy, an event seen widely as a catalyst for the global financial crisis, data on stock prices and fund positioning suggests the aversion ...

Bloomberg Renesas Electronics Corp., the second-biggest supplier of semiconductors used in cars, plans to acquire Integrated Device Technology (IDT) Inc. for about $6.7 billion to expand beyond the automotive sector into data centres and communications devices. The Japanese company will pay $49 a share, it said in a statement, about a 16 percent premium to the US company’s Monday close ...

Bloomberg Volvo Car Group will temporarily idle its brand new car factory in South Carolina after Hurricane Florence spurred orders to evacuate areas in the path of the Category 4 storm. “We have decided to shut down our plant tomorrow in light of the evacuation order that’s now in place for Charleston, Dorchester and Berkeley counties,” Stephanie Mangini, a Volvo ...