BNP Paribas in Exclusive Talks to Take on Orange Bank Clients
BNP Paribas SA is entering in exclusive talks with Orange SA to take on its Orange Bank clients, letting the French mobile phone carrier walk away from the business.
Bloomberg Business
Stock Traders Put Fed Aside in Quarter-End Battle: Markets Wrap
Wall Street traders took Jerome Powell’s hawkish signals in stride, with bond yields down and stocks fluctuating in one of the last few days of a quarter that saw a blistering artificial-intelligence rally.
Rise of Vocal Investors in Japan Is Fueling Hunt for IR Talent
Japanese businesses facing greater scrutiny from shareholders and regulators are competing for investor-relations talent, turning to investment funds, banks and other financial firms to find people who can better communicate corporate strategy and capital allocation.
Joby’s Flying Taxi Is Closer to Reality With Production, Expanding Testing
Joby Aviation Inc. jumped 40% Wednesday after a crucial green light from US regulators in its quest to build electrically powered air taxis.
China Wants Sanctions Lifted as Condition for Military Talks With US
The US must lift sanctions against China if the Biden administration wants high-level communication between the Chinese and American armed forces, a Chinese diplomat said on Wednesday.
US Backs $15 Billion Sale of Patriot Missile Defense Equipment to Poland
The US government approved the potential sale to Poland of Patriot missile defense equipment valued at as much as $15 billion, as Warsaw seeks to bolster its own security and that of NATO’s eastern flank amid Russia’s war on Ukraine.
General Mills Sinks After Forecasting Slowdown in Coming Year
General Mills Inc. fell the most in the S&P 500 after the food producer’s annual forecast suggested that price hikes will no longer make up for slowing sales as inflation-weary shoppers cut back on spending.
Bankrupt Lordstown Says It’s Held Confidential Settlement Talks With SEC
Bankrupt Lordstown Motors Corp. has had confidential settlement talks with the US Securities and Exchange Commission, which has previously inquired about whether the electric vehicle startup misled investors in relation to its merger with a blank-check company when it went public in 2020.
Mexico’s AMLO to Put Navy in Charge of Airport in Capital
Mexico is considering buying back up to $4.2 billion of debt owed by the capital’s principal airport as the Navy prepares to take over the transport hub, according to an official.
US Is Planning New AI Chip Export Controls Aimed at Nvidia
The Biden administration plans to tighten export controls announced in October to restrict sales of some artificial-intelligence chips to China, amid growing concerns about selling the technology to a key strategic competitor, people familiar with the matter said.
