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Bloomberg US-North Korea talks hit their first major stumbling block since last month’s landmark summit between President Donald Trump and Kim Jong-un, with Pyongyang dismissing American demands after two days of negotiations as “cancerous” and “gangster-like.” North Korea’s criticism of the talks in Pyongyang fuelled further doubts about whether Trump will ever achieve his goal of “compete denuclearisation,” much less ...

Bloomberg The fate of an American arrested almost a month ago during a rare protest in Vietnam is likely to be raised by US Secretary of State Mike Pompeo in Hanoi. Houston native William Nguyen was detained June 10 during a Ho Chi Minh City protest against proposed special economic zones that Vietnamese fear will lead to Chinese encroachment and ...

Bloomberg The son of South Africa’s ex-President Jacob Zuma will appear in two separate court cases this week after returning to the country to attend his brother’s funeral, adding to the controversy around the former ruling family’s activities. Duduzane Zuma, 34, has been asked to appear in the Specialized Commercial Crimes Court in Johannesburg on Monday, his lawyer Rudi Krause ...

Bloomberg Donald Trump is still weighing whether to agree to an interview in Special Counsel Robert Mueller’s investigation but there’s concern about what he sees as a corrupt and tainted probe, the president’s lead attorney said. Trump’s lawyers are close to making a determination, but a decision has been put off as more details emerge about “bias” on the part ...

Bloomberg Imran Khan stepped onto a makeshift stage in a trash-ridden Karachi district to address hundreds of supporters who’d been waiting for hours. His message: vote out the city’s rulers who have failed to provide jobs, education, sanitation and healthcare. “This is the first opportunity to free yourselves — they, despite taking turns for the last 30 years, couldn’t give ...

Bloomberg A week of tumult on the trade front was also the best week in a month for S&P 500 bulls. Active stock managers weren’t celebrating. They’ve watched in shock as the best-laid efforts to beat benchmarks are squeezed as the contour of the rally shifts. Funds are being betrayed by the companies they love, including tech megacaps and banks, ...

Bloomberg SIX, the owner of Switzerland’s securities exchange in Zurich, is creating platform for trading digital assets, boosting a nascent industry that some countries are trying to suffocate. The new platform will offer a “fully integrated, end-to-end trading, settlement and custody service,” the world’s first to do so, the bourse said. The parent exchange, regulated by Finma and the Swiss ...

Bloomberg This year’s cryptocurrency crash has saddled bulls with billions of dollars in losses, but the world’s largest virtual currency exchange is still making money hand over fist. Binance expects a net profit of $500 million to $1 billion in 2018, according to its chief executive officer. First half revenue was about $300 million, Changpeng Zhao said. Average daily turnover ...

Bloomberg Energy companies long-spu-rned by institutional investors are crawling back into favour. After declining for most of the past decade, energy made up just 6.4 percent of institutional investors’ holdings at the end of the first quarter, Royal Bank of Canada analysts wrote in a May note, citing company filings. That’s beginning to turn around with US benchmark crude up ...

Bloomberg China National Petroleum Corp plans to help complete a refinery in Rio de Janeiro that already cost Brazil’s state-controlled oil company Petrobras $14 billion before it was halted amid a widespread graft investigation. CNPC, as the Chinese producer is known, signed a letter of intent adding the Comperj refinery to a partnership the two companies signed last year. The ...