One of India’s key shadow banks is in trouble. IL&FS Group, a vast conglomerate that funds infrastructure projects across the world’s fastest-growing major economy, sent shock waves through credit markets when it missed several debt repayments. That’s causing concern among the myriad investors, including private individuals, who had regarded the group’s debt as rock-solid. With the IL&FS cash crunch set to intensify, there are concerns that the impact may spill over into the wider infras

  • Saloni Shukla | Bloomberg
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  • 8 hours ago
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Prime Minister Shinzo Abe thinks he’s found an answer to Japan’s shrinking workforce: The vast ranks of women who’ve been excluded from or held back in the workforce. Abe has outlined goals to create a “Japan in which women shine.” He’s pushing policies to encourage and enable women to work and have a family at the same. There’s even a catchy phrase, “womenomics,” part of the prime minister’s broader Abenomics plan hatched in 2014 to lift Japan out of decades of economic stagnation. But while wo

  • Shoko Oda and Isabel Reynolds | Bloomberg
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Denmark’s status as one of the world’s least corrupt nations is being challenged by allegations that its biggest bank, Danske Bank A/S, was a central pipeline for channeling billions in illegal funds across Europe from Russia, Moldova and Azerbaijan. An internal report published Wednesday said the bank had failed to live up to its responsibilities. Its chief executive officer has resigned. The biggest money-laundering scandal in modern Danish history won’t end there. Danske faces criminal invest

  • Frances Schwartzkopff and Nick Rigillo | Bloomberg
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Indian Prime Minister Narendra Modi has reason to feel less confident about the coming general election than he once did. His popularity has suffered as a result of a sharp economic slowdown last year that his government helped engineer via a chaotically implemented sales tax and the sudden withdrawal of most bank notes. Corruption scandals at state-owned banks haven’t helped, while the low oil prices that once gave Modi a degree of budget leeway are a thing of the past. That’s helped push India

  • Iain Marlow | Bloomberg
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One of India’s key shadow banks is in trouble. IL&FS Group, a vast conglomerate that funds infrastructure projects across the world’s fastest-growing major economy, sent shock waves through credit markets when it missed several debt repayments. That’s causing concern among the myriad investors, including private individuals, who had regarded the group’s debt as rock-solid. With the IL&FS cash crunch set to intensify, there are concerns that the impact may spill over into the wider infras

  • Saloni Shukla | Bloomberg
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A surge in mobile-data demand worldwide has more and more people asking when they’ll get that speedy next-generation 5G mobile service. Companies are wondering, too, since 5G has the potential to revolutionize everything from self-driving cars to robotic surgery. Mobile providers are racing to patent technologies that will form the industry standards and build working networks. Yet not all nations are embracing the push with equal vigor. And concerns about China’s ability to use 5G equipment to

  • Bhuma Shrivastava and Ian King | Bloomberg
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Deutsche Bank AG’s largest investor is on the way out. The stake owned by heavily-indebted Chinese conglomerate HNA Group Co. may dribble back into the market or, according to one recent report, be sold to another investor. How HNA executes its retreat will have big implications for Deutsche Bank. It will also be an object lesson in what happens when a favorite tactic of Chinese companies in expansion mode unravels.

  • Steven Arons and Prudence Ho | Bloomberg
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For decades, the pilotless flying devices known as drones were the purview of the military and a cadre of hard-core civilian hobbyists, since they were prohibitively expensive and exceedingly difficult to operate. But an explosion of cheaper computing power, motion sensors and batteries changed all that. Now, inexpensive four-rotor drones have automatic stabilizers that make them easier to fly, and millions are sold worldwide each year. The advent of high-definition cameras and laser-based radar

  • Alan Levin | Bloomberg
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Denmark’s status as one of the world’s least corrupt nations is being challenged by allegations that its biggest bank, Danske Bank A/S, was a central pipeline for channeling billions in illegal funds across Europe from Russia, Moldova and Azerbaijan. An internal bank report is expected on Sept. 19 to detail just want happened. The biggest money-laundering scandal in modern Danish history won’t end there. Danske faces criminal investigations, Danish lawmakers are calling for tougher penalties, an

  • Frances Schwartzkopff and Nick Rigillo | Bloomberg
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U.S. President Donald Trump intensified an ongoing trade war by rolling out 10 percent tariffs on $200 billion worth of Chinese exports to the U.S., while threatening levies on another $267 billion of Chinese goods. He previously had imposed 25 percent tariffs, which act like a tax on imports, on $50 billion worth of Chinese products, and could soon run out of ways to enact more duties: The total of imposed and threatened tariffs is now $517 billion, yet the U.S. only bought about $505 billion o

  • Andrew Mayeda and Bryce Baschuk | Bloomberg
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A surge in mobile-data demand worldwide has more and more people asking when they’ll get that speedy next-generation 5G mobile service. Companies are wondering, too, since 5G has the potential to revolutionize everything from self-driving cars to robotic surgery. Mobile providers are racing to patent technologies that will form the industry standards and build working networks. Yet not all nations are embracing the push with equal vigor. And concerns about China’s ability to use 5G equipment to

  • Bhuma Shrivastava and Ian King | Bloomberg
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  • 2 days ago
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Marijuana isn’t just about getting high. Everyone from Coca-Cola Co. to pharmaceutical companies is looking to tap possible therapeutic uses of CBD, a cannabinoid found in marijuana. It’s a substance that’s capturing more attention as use of its source plant grows.

  • Jen Skerritt | Bloomberg
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The legal inquiries into U.S. President Donald Trump and his 2016 campaign started with Russia but have moved much closer to home. While Trump insists no evidence will ever emerge of his campaign colluding in Russia’s high-tech interference with the election, Trump’s opponents say some compelling clues are already out in the open, and alleged collusion remains at the heart of the probe by Special Counsel Robert Mueller. A separate investigation spawned by Mueller’s work produced a guilty plea by

  • Laurence Arnold | Bloomberg
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It’s been called a mountain, a horror movie, a treadmill to hell and a bomb. To doomsayers, China’s $34 trillion pile of public and private debt is an explosive threat to the global economy. Or maybe it’s just a manageable byproduct of the boom that created the world’s second-biggest economy. Either way, the buildup has been breathtaking, with borrowing quadrupling in seven years by one estimate. (China doesn’t give a complete tally). President Xi Jinping has taken note, pushing authorities to a

  • Enda Curran | Bloomberg
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A surge in mobile-data demand worldwide has more and more people asking when they’ll get that speedy next-generation 5G mobile service. Companies are wondering, too, since 5G has the potential to revolutionize everything from self-driving cars to robotic surgery. Mobile providers are racing to patent technologies that will form the industry standards and build working networks. Yet not all nations are embracing the push with equal vigor. And concerns about China’s ability to use 5G equipment to

  • Bhuma Shrivastava and Ian King | Bloomberg
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  • 3 days ago
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