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Bloomberg Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial advisers about a possible disposal of the unit after receiving interest, the people said, asking not to be identified ...

Bloomberg ZTE Corp. will take several weeks to get its business back on track after gaining its freedom from a game-ending US technology ban, people familiar with the matter said. The Chinese telecommunications equipment maker is dealing with a worker shortage as it awaits shipments of key components from US suppliers like Qualcomm Inc., the people said, asking not to ...

Bloomberg President Donald Trump’s equivocation on US intelligence agencies during a news conference with Russian leader Vladimir Putin triggered the most intense backlash from Republicans of anything he’s done since winning election in 2016. Republicans who looked past the release of his recorded his refusal to denounce neo-Nazi protesters, or complained but took no substantive action when he imposed tariffs ...

Bloomberg Support for South Africa’s ruling African National Congress has rebounded after Cyril Ramaphosa replaced Jacob Zuma as party leader and president to the point that it’s likely to easily retain its outright majority in next year’s elections, an opinion poll shows. Sixty percent of 3,738 adults interviewed between April 20 and June 7 by research company Ipsos said they ...

Bloomberg Pakistan Peoples Party co-Chairman Bilawal Bhutto Zardari said his father and former President Asif Ali Zardari will be the party’s candidate for prime minister after the national elections scheduled to be held on July 25. “He is the best choice as most likely there will be a coalition government as a result of the elections,” Bilawal said at a ...

Bloomberg UK Prime Minister Theresa May’s ability to deliver Brexit was thrown into doubt as infighting in her Conservative Party left her with a perilously small majority, staggering from one vote to the next. May’s majority was cut to just three votes after she adopted Brexiteer amendments to a key piece of customs legislation, and the proposals narrowly passed through ...

Bloomberg A Slovenian political party that has been talking to the top two finishers in last month’s inconclusive parliamentary ballot proposed that they join forces to break a deadlock that may trigger a re-do election. The euro-area nation of 2 million people is facing a protracted standoff after no party emerged with a clear majority, touching off the European Union’s ...

Bloomberg Nigeria’s ruling party won a gubernatorial vote in a key swing state, with reports of widespread bribery signalling the probable shape of the battle in February’s general elections. The Ekiti win is a boost for the re-election chances of President Muhammadu Buhari, 75. It shows his All Progressives Congress retains the muscle in the southwest region that helped him ...

Bloomberg US technology shares pared losses as investors downplayed the impact of Netflix’s disappointing subscriber growth for the rest of the FAANG stocks. The dollar strengthened as Federal Reserve Chairman Jerome Powell made the case for further tightening. The Nasdaq 100 climbed from its lows as Facebook turned positive and Broadcom and Nvidia rallied. The S&P 500 was little changed, ...

Bloomberg Losses in Chinese equities accelerated Tuesday, with a gauge of stocks in Hong Kong closing at its lowest level since last August. The Hang Seng China Enterprises Index fell 1.1 percent, its biggest loss since July 11. The Shanghai Composite Index dropped 0.6 percent for its third straight decline. Oil producers weighed heavily on both gauges after crude slumped ...