Tag: bloomberg news
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Japan FX diplomat says intervention effective, US ‘supportive’, Bloomberg News reports
TOKYO, July 1 : Japan’s top currency diplomat said the country’s intervention in the currency market two months ago to support the yen had been effective, and that some U.S. officials had been “supportive” of the move, Bloomberg News reported on Wednesday.”Judging from how the market moved afterward, I think
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SpaceX, Charter discussed mobile phone partnership in US, Bloomberg News reports
June 26 : SpaceX and internet provider Charter Communications have held executive-level talks about partnering on a consumer mobile phone offering in the United States, Bloomberg News reported on Friday, citing sources.Reuters could not immediately verify the report.
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ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports
June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has approached banks for a loan that may carry a three-year
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EU to ramp up Meta probe into addictive design, Bloomberg News reports
June 23 : The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.The Instagram parent has been under fire over concerns about the impact
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Amazon may face penalties from potential FTC ad suit, Bloomberg News reports
June 16 : Amazon.com may face a U.S. Federal Trade Commission lawsuit that could result in civil penalties, following allegations that the e-commerce giant misled advertisers, Bloomberg News reported on Tuesday.The FTC has a possible complaint against Amazon as part of an ongoing probe, Bloomberg reported, ci
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SoftBank’s attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports
June 10 : SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources.The company is considering various fundraising options, the report said, adding that it could still move forwa
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