(Reuters) -Chinese officials are mulling a potential option that involves the sale of TikTok’s U.S. operations to billionaire Elon Musk if the company fails to fend off a potential ban, Bloomberg News reported on Monday, citing people familiar with the matter. Chinese officials prefer that TikTok remain under the control of parent Bytedance, the report […]
(Bloomberg) — Apple Inc. Chief Executive Officer Tim Cook is visiting China for at least the third time this year, showing up at a suppliers’ conference on the same day a top Beijing official convened an important meeting with a group of foreign CEOs. Most Read from Bloomberg Chinese Premier Li Qiang is expected to […]
(Reuters) – U.S. President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Lutnick’s financial services firm Cantor Fitzgerald is discussing […]
(Reuters) – Chinese regulators have asked the country’s banks to lower the rates they pay to deposits from other financial institutions to free up funds to boost the economy, Bloomberg News reported on Thursday, citing people familiar with the matter. China’s interest rate self-disciplinary mechanism, a supervisory body overseen by the central bank, said banks […]
