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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published May 17th 2017, 6:28 pm, by Benjamin Purvis (Bloomberg) —Volatility was set to spread across Asian equity markets after turmoil surrounding Donald Trump’s administration sparked the worst day in eight months for U.S. stocks as investors rushed toward haven assets. Equity index futures in Australia, Japan and South Korea pointed

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Business Headlines

published May 16th 2017, 5:00 pm, by Wael Mahdi and David Wethe (Bloomberg) —Saudi Aramco plans to sign agreements with at least 10 companies including General Electric Co. and oil field-service businesses Schlumberger Ltd. and  Halliburton Co. when President Donald Trump visits Saudi Arabia, according to two people familiar with

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Business Headlines

published May 16th 2017, 7:07 pm, by David Roman (Bloomberg) —Asia’s emerging economies are embracing the digital revolution. From the Philippines to Indonesia, developing nations across the region are jumping on the digital bandwagon faster than expected given their relatively low income levels, according to a new report by Deloitte

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Business Headlines

published May 16th 2017, 4:05 pm, by Margaret Talev, Shannon Pettypiece and Michael S. Arnold (Bloomberg) —White House National Security Adviser H.R. McMaster sought for the second day to contain the damage from a report that President Donald Trump revealed sensitive and highly classified intelligence to two senior Russian officials,

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Business Headlines

published May 15th 2017, 6:00 pm, by Blaise Robinson (Bloomberg) —The scorching gains that have put emerging-market equities on track for their best year since 2009 are showing signs of flagging. After the MSCI Emerging Market Index’s surge of about 17 percent this year, momentum indicators suggest the rally is

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Business Headlines

published May 15th 2017, 4:00 pm, by Bloomberg News (Bloomberg) —When evaporating profit margins prompted China’s Zhejiang Willing Foreign Trading Co. to launch its own brand for yoga wear last year, it spurned homegrown talent and turned to a French freelance designer. “Chinese designers just don’t have good taste for

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Business Headlines

published May 15th 2017, 5:54 pm, by Jonathan Bernstein (Bloomberg View) —I wish today’s bombshell from the Washington Post — that President Trump “revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week” which “jeopardized a critical source of intelligence on the

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Business HeadlinesYour Money

published May 12th 2017, 7:57 am, by Ben Steverman (Bloomberg) —Motherhood is changing, as are mothers’ working lives—and those changes have economists concerned. For a while, women around the world were making clear economic progress. More of them were working, and they were earning more (and boosting the global economy in the process).

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Business HeadlinesYour Money

published May 12th 2017, 7:30 am, by Suzanne Woolley (Bloomberg) —Automation, that demon of American job security, may be the patron saint of retirement savings. The average balance in a 401(k) defined-contribution account at Fidelity Investments hit a record $95,500 in the first quarter, up more than 9 percent from a

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Business Headlines

published May 14th 2017, 11:38 am, by Kanga Kong (Bloomberg) —North Korea fired a ballistic missile early Sunday, its seventh such test this year, just days after South Korea elected a president who vowed to engage with Kim Jong Un’s regime. The missile was launched at 5:27 a.m. from the western

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