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  Bloomberg Top executives from the UK and US’s largest banks have set up a group to foster closer ties in financial services between the two countries after Britain leaves the European Union, according to two people familiar with the matter. TheCityUK, the industry lobby group, has created a steering committee led by managers at Barclays Plc and JPMorgan Chase ...

  Bloomberg Myanmar’s largest privately-owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most under-banked nations. “In any emerging market, capital is important,” said Nang Kham Noung, an executive director of KBZ Bank. “For us, ...

  Bloomberg One of the Bank of England’s (BOE) most vocal dissenters is moving on, just as Brexit’s surprises make alternative views more valuable. Kristin Forbes is leaving at the end of June to return to MIT, depriving the nine-member Monetary Policy Committee of a voice that’s consistently pushed against consensus. The American, who some say could be a potential ...

  Bloomberg Goldman Sachs Group Inc. isn’t letting the biggest commodities rout in eight months shake its confidence in raw materials. The bank is sticking to its view that tightening supplies will lead to higher prices later this year, maintaining its positive outlook on the sector, according to a report dated March 12. Investors should go or stay long on ...

  Bloomberg HSBC Holdings Plc named insurance executive Mark Tucker to succeed Douglas Flint as chairman, enlisting an outsider to oversee Europe’s biggest bank as it overhauls management. Tucker, 59, chief executive officer of AIA Group Ltd. and former head of Prudential Plc, will take the post Oct. 1, the bank said in a statement on Monday. AIA Regional CEO ...

  Bloomberg Nintendo Co. is earning early accolades for making sure that its new Switch console debuted with a strong gaming title, Legend of Zelda: Breath of the Wild. The big question now is whether that will translate into sales. So far, signs are good. The latest iteration of Zelda has received almost universal praise among critics, becoming the fourth-highest ...

  WASHINGTON / AP It’s not just who did it, but why. WikiLeaks’ release of nearly 8,000 documents that purportedly reveal secrets about the CIA’s tools for breaking into targeted computers, cellphones and even smart TVs has given rise to multiple theories about who stole the documents and for what reason. Perhaps it was a US spy or contractor who ...

  Dubai / Emirates Business Maple syrup doesn’t get that rich flavour and colour in an instant. It’s a long process from tree to bottle. But an improved technology could keep maple sugarers from working late into the night boiling sap into syrup. The new machine can remove more water from sap, leaving a higher sugar content in half the ...

  Bloomberg BlackBerry Ltd.’s QNX automotive software, used in more than 60 million cars, was listed as a potential target for the Central Intelligence Agency to hack, according to documents released by WikiLeaks. CIA meeting notes mention QNX as one of several “potential mission areas” for the organization’s Embedded Devices Branch. The same branch also worked with U.K. spy agencies ...

  Dubai / Reuters The United Arab Emirates, one of the Middle East’s largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Gulf Arab states are looking at ways to diversify their economies, including who they trade with, after more than two years of depressed oil prices forced ...