The Australian | Business | World Business News
FBI probes possible J.P. Morgan hacking
Aug 27 2014
THE Federal Bureau of Investigation is probing a possible computer hacking attack on J.P. Morgan Chase & Co.Snapchat valued at $10bn
Aug 26 2014
KLEINER Perkins Caufield & Byers has agreed to invest in ephemeral message service Snapchat at a valuation of close to $US10 bn.Rosneft poised for Arctic LNG stake
Aug 26 2014
ENERGY giant Rosneft is poised to take control of a new Arctic Circle LNG project planned for an area of northern Russia fronting the Barents Sea.Global tech to transform over 3 weeks
Aug 26 2014
THE world’s tech will undergo a transformation over just three weeks with a bonanza of new phones, tablets, smart watches and OLED 4K TVs.Young diners not lovin’ it
Aug 25 2014
MCDONALD’S revenues have slumped and there’s one key reason: Millennials aren’t Maccas fans, choosing fresher, healthier food instead.Former IBM chief John Akers dies
Aug 24 2014
JOHN Akers, who led IBM as its longtime dominance of the computer industry began to wane, has died, aged 79.Bangladesh next in Seek strategy
Aug 20 2014
ONLINE jobs and education group Seek will continue expansion into international markets.Buffett joins $200K club. Membership: 1
Aug 15 2014
IMAGINE if you’d spent a grand on a single Berkshire Hathaway share 31 years ago. That stock just passed $US200,000 and is still climbing.Bloomberg Markets
Bishop: Low Interest Rates Are Needed in South Africa
Aug 1 2025
President Donald Trump unveiled a slew of new tariffs that boosted the average US rate on goods from across the world, forging ahead with his turbulent effort to reshape international commerce. South Africa has been hit with a 30% levy. Meanwhile, the South African Reserve Bank cut interest rates by 25 basis points to 7%. Annabel Bishop, Chief Economist, Investec spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche & Chief Africa Correspondent Jennifer Zabasajja. (Source: Bloomberg)UBP Senior Economist Asia Casanova on Tariffs
Aug 1 2025
UBP MD & Senior Economist Asia Carlos Casanova discusses the implication of new US tariffs on Asian economies. He speaks with David Ingles and Yvonne Man on “Bloomberg: the China Show.” (Source: Bloomberg)Trump Announces Sweeping Global Tariffs
Aug 1 2025
President Donald Trump unveiled new tariffs that boosted the average US rate on goods from across the world. Taken together, the result will be higher tariffs on goods from almost all US trading partners. Trump said the US will put a 35% tariff on some imports from Canada, as well as a 39% tariff on imports from Switzerland, and a 15% levy on goods from New Zealand. Bloomberg’s Katia Dmitrieva breaks down the situation.The China Show 8/1/2025
Aug 1 2025
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)Former Taiwan Lawmaker: US Tariffs Manageable
Aug 1 2025
Jason Hsu, Senior Fellow at Hudson Institute and a former legislator-at-large in Taiwan, says a 20% US tariffs on exports from the island appears “bad”. But he sees bargaining potential for Taiwan. He speaks with David Ingles and Yvonne Man on “Bloomberg: The China Show.” (Source: Bloomberg)Ex-US official: Trump Trade Plan Nears Finish Line
Aug 1 2025
Former US Under Secretary of Commerce for International Trade Frank Lavin says US President Donald is achieving his goals in his tariff initiatives. But he also tells Bloomberg’s Yvonne Man and David Ingles that he’s not sure if the new levies will help the US economy. He speaks on “Bloomberg: The China Show.” (Source: Bloomberg)China Deploys Cannibal Mosquitoes to Battle Chikungunya Surge
Aug 1 2025
Scientists battling China’s largest chikungunya epidemic are releasing swarms of giant cannibal mosquitoes whose larvae devour the smaller insects spreading the debilitating disease.Bloomberg Technology
Illicit Market Becomes ‘Amazon for Criminals’
Aug 1 2025
What once took place in the dark corners of the internet is now a sprawling ecosystem of illicit activity operating in plain sight – and one Cambodia-based operation seems to have made a lot of it possible. (Source: Bloomberg)WeRide Vows to Boost Spending to Bring Robotaxis to the World
Aug 1 2025
WeRide Inc. plans to ramp up spending, even as it continues to post losses, as the Chinese autonomous driving company bets that its ambitious international expansion plans will eventually see it reach profitability.Alibaba, Meituan and JD Vow End to Food Delivery Price War
Aug 1 2025
Meituan, Alibaba Group Holding Ltd., and JD.com Inc. vowed Friday to curb “disorderly competition” and cease the price-based rivalry that’s threatened to erode margins and prompted warnings from government agencies.China Says US Exploited Old Microsoft Flaw for Cyberattacks
Aug 1 2025
China accused the US of exploiting a flaw in Microsoft Corp.’s email servers to steal military data and launch cyberattacks on its defense sector.TSMC Stock Price Dislocation Reaches Widest Level in 16 Years
Aug 1 2025
The price gap between Taiwan Semiconductor Manufacturing Co.’s American depositary receipts and its Taipei-listed shares surged to the widest level in more than 16 years, reigniting concerns that the euphoria surrounding artificial intelligence may be overheating.Robots Emerge as New Driver for China’s Tech Rally With 75% Jump
Aug 1 2025
Chinese robotics stocks are drawing fresh market attention as investors look for new catalysts for the rally sparked earlier this year by DeepSeek’s advances in artificial intelligence.Apple’s China Comeback Fueled by Mac Sales, iPhone Upgrades
Jul 31 2025
Apple Inc. posted its first sales growth in China in two years, saying that new Mac computers and demand from city-dwelling phone customers helped fuel the rebound.Figma IPO Returns $7 Billion Each to VC Investors Index, Greylock
Jul 31 2025
The design firm’s blockbuster IPO is bringing billions to its early venture backers.
Bloomberg Wealth
Goldman Urges Caution as Global Credit Spreads Hit 2007 Lows
Aug 1 2025
Goldman Sachs Group Inc. credit strategists are urging clients to hedge risks as yield premiums on global corporate notes tightened to their lowest since 2007 this week.Bridgewater Founder Dalio Sells His Remaining Stake in Firm
Jul 31 2025
Bridgewater Associates founder Ray Dalio sold the remainder of his stake in the hedge fund and left its board, ending a leadership transition started more than a decade ago.Point72 Preps First Venture Fund for Clients, Focuses on Defense
Jul 31 2025
Billionaire Steve Cohen’s Point72 Asset Management is raising its first venture capital fund for clients, seeking to bet on the “urgent” need for defense technology startups.What to Know About Trump’s Powell Pressure and Mortgage Rates
Jul 31 2025
The Federal Reserve decision to leave rates unchanged Wednesday once again rankled President Donald Trump, who in recent weeks has repeatedly argued that lower interest rates will unlock the frozen housing market.Trump Wants a Rate Cut to Boost Housing. It’s Not That Simple
Jul 31 2025
The president has pressured Fed Chair Jerome Powell, arguing that cheaper borrowing costs will break the stagnation in the real estate market. But experts said affordability challenges in the US don’t have an easy fix.