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Business Headlines

Curated news from Bloomberg Business

Business Headlines

published Jan 12th 2017, 3:08 pm, by Dakin Campbell, Jennifer Jacobs and Kathleen Miller (Bloomberg) —Dina Powell will leave her post as the head of philanthropic investing at Goldman Sachs Group Inc. to join the Trump administration as an assistant to the president and senior counselor for economic initiatives, the

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Business Headlines

published Jan 12th 2017, 3:00 pm, by Fitri Wulandari and Eko Listiyorini (Bloomberg) —Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489 million metric tons this year, 18 percent above

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Business Headlines

published Jan 12th 2017, 3:06 pm, by Jeremy Herron (Bloomberg) —Treasuries climbed, while the dollar slumped with U.S. stocks on speculation post-election market moves went too far, with investors awaiting corporate earnings and fresh economic data for clues on the economy’s strength. Selling in the dollar and equities eased in

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Business Headlines

published Jan 11th 2017, 5:00 pm, by The Editors (Bloomberg View) —India’s controversial decision to ban 500- and 1,000-rupee notes has backfired. The idea was to root out “black money” — the profits of political corruption, tax evasion and ordinary crime. But efforts to get around the ban have been

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Business Headlines

published Jan 11th 2017, 2:17 pm, by Aline Oyamada and Paul Wallace (Bloomberg) —Emerging-market currencies dropped as the lira headed for its biggest five-day loss since the global financial crisis after a support pledge by Turkey’s central bank failed to convince traders. The MSCI Emerging Markets Currency Index fell for

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Business Headlines

published Jan 11th 2017, 3:37 am, by Gwen Ackerman (Bloomberg) —The future of internet in Israel may depend on allowing a reorganization of Bezeq Israeli Telecommunication Corp., despite concerns the move could undermine years of efforts to make the local market more competitive. “If we don’t move ahead with a national

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Business Headlines

published Dec 5th 2016, 7:43 am, by Ramesh Ponnuru (Bloomberg View) —Robert P. George and Cornel West, both professors at Princeton, are a political odd couple. George is outspokenly conservative while West has been co-chair of the Democratic Socialists of America. One measure of the political distance between the two

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Business Headlines

published Jan 10th 2017, 3:23 pm, by Oliver Renick (Bloomberg) —U.S. equities were unchanged Tuesday as a rally in financial companies was offset by losses in energy shares. The S&P 500 Index closed at 4 p.m. unchanged from the day after swinging between gains and losses throughout the day. The

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Business Headlines

published Jan 10th 2017, 5:00 am, by Ellen Huet (Bloomberg) —Tracy Chou wrote a post on Medium in October 2013, challenging tech companies to tell the world what percentage of their software engineers were women. Surprisingly, it worked: Google, Apple, Facebook and others published their lopsided race and gender statistics, and Chou,

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Business Headlines

published Jan 9th 2017, 5:54 pm, by Mark Bergen and Ashlee Vance (Bloomberg) —Alphabet Inc. is in talks to sell the Skybox Imaging satellite business it acquired for $500 million less than three years ago, another sign the technology giant is ratcheting back grand ambitions to blanket the globe with

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