Globe, the telecommunications service provider and digital solutions platform in the Philippines, has partnered with international insurtech bolttech in order “to launch Gadget Xchange, a new mobile device program that will make postpaid device switching easier, no questions asked.” The innovative program reportedly “offers greater... Read More

Insurtech bolttech and Philippines based Mobile Firm Globe Introduce Gadget Xchange for Quick Gadget Switching

PBOC Vows ‘Appropriate’ Monetary Policy, Sees Inflation Rising
Oakland A’s Pick a New Stadium Location Just Off the Las Vegas Strip
Africa’s Biggest Mobile Firm Plans New $320 Million Fiber Cable
Memorial Day Travel Boost to Stoke Demand for Gasoline and Jet Fuel
Kenyan President Picks Ex-IMF Economist as Central Bank Governor
Washington’s Window for Resolving the US Debt Ceiling Is Closing
Treasury Deputy Secretary Urges Congress to Lift Debt Limit, Rejects Platinum Coin
TPG Buying Angelo Gordon to Gain $55 Billion Credit Business
Fire Risk in Canada’s Oil Heartland Set to Rise Over Hot Weekend
Jamjoom Pharma Owners Seek up to $336 Million Saudi IPO
US Credit Crunch Claims Seven More Firms Filing for Bankruptcy
Lira Traders Brace for Volatility as Turkey Awaits Vote Outcome
Strong Tech Earnings Fail to Quell Investor Worries Over Growth and Valuation
Turkey Heads for Runoff Ballot as Erdogan Has Lead and Momentum
Macron Pitches France to Musk as Top Hub for Electric Cars
Elliott Seeks Shakeup at NRG After ‘Worst Deal’ of Decade
Fed’s Bostic, Goolsbee Favor Policy Pause to Watch Credit Impact
US Households Show Signs of Stress as New Delinquencies Rise
European Gas Extends Decline Near 22-Month Low as Demand Lags
Fixed income investors can breathe easier as inflation recedes: Dale Jackson
Summer on a shoestring budget: Tips for surviving summer break as camp costs rise
Why re-investing your tax refund is the smart option
Owe money to the CRA this tax season? Here are some repayment options
PSAC: Will Canada's tax deadline be moved due to the strike? How claiming income from side gigs can lower your tax bill
Paper filing is dying but free income tax software lives on: Dale Jackson
Tax deadline: Strike not a major issue for most Canadians, expert says
'Give yourself time and space': How to manage your finances during times of grief
Experts explain how to cope with money stress
Experts share effective ways to tackle student debt
As thousands flock to day trading during lockdown, experts urge caution
Dual income, no kids: Why some young Canadians are choosing this lifestyle
'Ask a lot of questions' before deciding what to do with your tax refund: experts
As Canadians miss out on benefits, Ottawa promises automatic tax filing is on the way
Here's a list February inflation rates for Canadian provinces
Is your retirement portfolio ready for what's to come? Women more likely to bag $100,000 jobs despite fewer applications
Quitting your job? Experts say it's best to have a plan before you do
WeWork Co-Founder Buys a Hip Clothing Brand and Starts a Senior Center
Real estate: Home prices rebound as spring market picks up
Chicago’s Empty Towers Threaten Future of Finance Trading Empire
Japan’s Megabanks Resist Buybacks After Predicting Bumper Profit
Builder KWG’s Shares Poised for Record Low After Latest Default
Swedish Underlying Inflation Rate Falls in Relief for Riksbank
Foreigners Buy Most Luxury Homes in Singapore in Almost a Decade
Hong Kong Mortgage Frenzy Sees Banks Go Big on Cash Handouts
Singapore Home Sales Reach Seven-Month High as Curbs Introduced
Another China Defaulter Gets Liquidation Order as Pressure Grows
Renters Outside London Paying Over £1,000 a Month for First Time
Billion-Dollar Deals Emerge as a Fix for Massive Debt Piles
Dip Buyers Scorched by Cratering Bank Stocks Rush for the Exits
China’s Strong Data Likely to Mask Weakening Recovery
Borrowers Pounce Before the Going Gets Rougher: Credit Weekly
Bond Traders Laser-Focused on Washington as Debt-Cap Risks Grow
Biden Says Debt Talks Moving Along as Parties Discuss Changes
Yellen to Update Congress on Default Timing Within Two Weeks
Your Saturday US Briefing: Bracing for Migrants; Fear of Default
Lazard’s Top Mideast Money Manager Set to Leave After Nine Years
Goldman Sachs Moves Past 1MDB Scandal With New Abu Dhabi Office
Oakland A’s Pick a New Stadium Location Just Off the Las Vegas Strip
Africa’s Biggest Mobile Firm Plans New $320 Million Fiber Cable
Memorial Day Travel Boost to Stoke Demand for Gasoline and Jet Fuel
Stellantis halts construction at Windsor, Ont., EV battery plant
Kenyan President Picks Ex-IMF Economist as Central Bank Governor
Canadian banks downgraded by Barclays on recession concerns
TPG Buying Angelo Gordon to Gain $55 Billion Credit Business
French Tax Agency Seeking €2.5 Billion From Banks for Tax Dodge
Microsoft Cloud Service Under Scrutiny From EU’s Antitrust Arm
Tennis Star Serena Williams, Citi’s Shafir Join Investment-Banking Firm Consello
Jamjoom Pharma Owners Seek up to $336 Million Saudi IPO
US Credit Crunch Claims Seven More Firms Filing for Bankruptcy
Microsoft’s $69 Billion Activision Deal Wins EU Approval
Strong Tech Earnings Fail to Quell Investor Worries Over Growth and Valuation
Turkey Heads for Runoff Ballot as Erdogan Has Lead and Momentum
Macron Pitches France to Musk as Top Hub for Electric Cars
Elliott Seeks Shakeup at NRG After ‘Worst Deal’ of Decade
Memorial Day Travel Boost to Stoke Demand for Gasoline and Jet Fuel
Fire Risk in Canada’s Oil Heartland Set to Rise Over Hot Weekend
US Credit Crunch Claims Seven More Firms Filing for Bankruptcy
Macron Pitches France to Musk as Top Hub for Electric Cars
Elliott Seeks Shakeup at NRG After ‘Worst Deal’ of Decade
European Gas Extends Decline Near 22-Month Low as Demand Lags
Nigeria May Hike Rates as Inflation Hits Fresh 18-Year High
South Africa Beats Climate Goal as Blackouts Slash Emissions
Ukraine Latest: President Zelenskiy to Meet UK Prime Minister
World’s Biggest Plant for Ethanol Jet Fuel Expected to Open in 2025
Microsoft Inks Deal to Pay for CO2 Stored Below the Sea
Chicago’s Empty Towers Threaten Future of Finance Trading Empire
Russian Premier, Sanctioned Tycoons to Visit China Trade Event
Risk-Parity Trade Is Ready for Rebound as ‘Teflon’ Stocks Ignore Trouble, AQR Says
Regional Banks May Emerge as a Winner in Debt Showdown, State Street Says
Newmont Is Said to Near $20 Billion Deal for Gold Rival Newcrest
Five Key Charts to Watch in Global Commodity Markets This Week
Europe Risks LNG Terminal Glut as Renewable Energy Edges Out Gas
UK ‘Greedflation’ Concerns are Groundless, Ex-BOE Ratesetter Says
Advocates urge provinces to follow Quebec's lead in crackdown on illegal Airbnbs
Statistics Canada says wholesale sales excluding petroleum down 0.1 per cent in March
The Daily Chase: Markets point to positive open; Alberta wildfires continue
U.S. is open as Canada shuts down. The difference? Their health care systems
​Markets turning against the office sector doesn’t make sense: Hines global CIO
The Daily Chase: Markets point to a negative open; Air Canada beats analyst expectations
Inflation likely slowed again in April, but economists say wage growth a top concern
China's ban on Canadian beef still in place year-and-a-half later; industry in dark
The Daily Chase: Canadian Tire misses analyst expectations; Linamar finds its footing
​$3,000 for a one bedroom? Experts say this will be the norm
U.S. inflation shows signs of moderating, giving Fed room to pause
The Daily Chase: Markets point to flat open; TC Energy pauses construction on parts of pipeline
Smoke from Alberta wildfires spreading through Canada and parts of the United States
Does unemployment need to go up for inflation to come down? The Daily Chase: Alberta wildfires hit oil production; Suncor beats analyst expectations
Canada plans to place King Charles on $20 bill, coins
What would a digital Canadian dollar look like? Public input wanted
The Daily Chase: Markets point to quiet open; Alberta declares state of emergency
It's moving season — here are some ways to cut down costs
Russia Hosts Belarus Official With Lukashenko Out of Public View
Germany Pressures China to Shut Secret Police Outposts in Berlin
Washington’s Window for Resolving the US Debt Ceiling Is Closing
Treasury Deputy Secretary Urges Congress to Lift Debt Limit, Rejects Platinum Coin
Lira Traders Brace for Volatility as Turkey Awaits Vote Outcome
Turkey Heads for Runoff Ballot as Erdogan Has Lead and Momentum
Macron Pitches France to Musk as Top Hub for Electric Cars
Sunak Vows to ‘Crack On’ With UK Push to End Illegal Immigration
South Africa Military Delegation in Russia for Talks, Tass Says
Senegal’s Opposition Leader Sonko Appeals Sentence to Avoid Vote Disqualification
African Development Bank to Help Raise $3.5 Billion to Compensate White Zimbabwean Farmers
South Africa Beats Climate Goal as Blackouts Slash Emissions
Ukraine Latest: President Zelenskiy to Meet UK Prime Minister
Lasso’s Impeachment Odds Rise as Ecuador Congress Head Wins
Russian Premier, Sanctioned Tycoons to Visit China Trade Event
US Supreme Court Will Hear South Carolina GOP Appeal on Voting Map
A Mexico Deal to Crack Down on Drug Chemicals Goes Unfulfilled
Zelenskiy Makes Unannounced Visit to London After EU Tour
‘Bangkok Spring’ Sets Up Showdown Over Role of Thai Monarchy
Africa’s Biggest Mobile Firm Plans New $320 Million Fiber Cable
Microsoft Cloud Service Under Scrutiny From EU’s Antitrust Arm
Microsoft’s $69 Billion Activision Deal Wins EU Approval
Strong Tech Earnings Fail to Quell Investor Worries Over Growth and Valuation
Macron Pitches France to Musk as Top Hub for Electric Cars
Elliott Seeks Shakeup at NRG After ‘Worst Deal’ of Decade
WeWork Co-Founder Buys a Hip Clothing Brand and Starts a Senior Center
Musk Loses Appeal of ‘Twitter Sitter’ Dispute With SEC Over Tesla Posts
What’s Trending Today: Vice Files for Bankruptcy, Morant Suspended, The Weeknd Closes a Chapter
Microsoft Inks Deal to Pay for CO2 Stored Below the Sea
‘Bangkok Spring’ Sets Up Showdown Over Role of Thai Monarchy
Vice files for Chapter 11 bankruptcy
Korea’s Battery Makers Embrace LFP Cells as China Strides Ahead
Debt-Limit Default Risk Is Higher Than Ever. How Can You Safeguard Your Wealth? Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse
Kenyan Fintech M-Kopa Raises $250 Million To Fund Expansion Plans
Thailand Assets to Get Initial Boost From Election, Analysts Say
Vodacom Slashes Dividend on Investment Push in Egypt, Fiber
Rakuten Dives 9% on Report of $2.2 Billion Share Sale Plan
The U.S. Fed is failing in four ways: Mohamed A. El-Erian
Apple, JPMorgan turn to pay now grow later
Remote Working Boom Is Huge for College Towns Like Knoxville
Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted
Millennials are finally spending like grown-ups
Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling
Musk is wrong for Twitter even if deal math works out
Chocolate bunnies can teach us to save our food supply
The Fed has made a U.S. recession inevitable
America's oil reserve weapon risks misfiring
Four-day workweeks can burn you out
U.S. Fed expects a soft landing. Don't count on it
Markets are pushing Fed into developing-economy territory
Commodity traders go from bonanza to bailout plea
Putin's war shows West must clean up dirty money
Salary transparency is good for everyone
Microsoft's US$69B Activision deal could be a blunder
What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S.
Dip Buyers Scorched by Cratering Bank Stocks Rush for the Exits
Stock Traders Are Nonchalant About US Being on Cusp of Default
New York Cements Itself as the Gold Mining Capital of the World
Crypto ETFs Are Year’s Best Performers But Only Lure $12 Million
Turkish Banks Set for Best Week in 21 Years Before Sunday’s Vote
Single-Stock ETFs Get Vote of Confidence in Huge 32-Fund Filing
The Number of Climate Funds Out There Has Exploded
Vanguard’s Trillion-Dollar Man Controls as Much US Debt as China
ECB Criticizes Bank Industry for Still Being a ‘Man’s World’
Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved
ETF Issuers Are Losing Tolerance for ESG as Closures Surge
Fast-Money Quants, Human Traders Most Split on Stocks Since 2019
Preferreds Get Burned in Historic Rout Spreading From Banks
Wild Week in Banks Sends Indexes of Cross-Asset Tumult Spinning
‘No One Wants to Be Short’ Into Weekend Is Mantra Driving Bank Rally
Short Sellers Flocking to US Banks Are Risking a Painful Squeeze
PacWest Says in Discussion With Several Potential Investors
Regional Banks Sink as PacWest Weighs Strategic Options
US Regional Banks Slump as Rout Deepens on First Republic Flop
BCE
You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Anthony Osae-Brown and Loni Prinsloo, Bloomberg News
A logo at the MTN Group Ltd. headquarters in Johannesburg, South Africa, on Thursday, Match 30, 2023. Mining and telecommunications companies, retailers and private hospitals are spending millions of rand on batteries, solar panels and generators to safeguard their operations as the electricity supply from state utility Eskom Holdings SOC Ltd. grows increasingly unreliable. , Bloomberg
(Bloomberg) -- MTN Group Ltd., Africa’s biggest mobile-phone operator, plans to build a $320 million inland fiber cable to connect ten countries, as telecommunications companies push to expand service to the continent’s growing population. The Johannesburg-based firm, through its MTN GlobalConnect unit and the Africa50 infrastructure investment agency, will start building the East2West link in the fourth quarter, MTN said in a statement. The project will add about 20,000 kilometers (12,400 miles) of new cable and interconnect over 100,000 kilometers of fiber, it said. For MTN, the deal follows its recent venture to build a sub-sea cable that landed in South Africa’s Cape Town late last year as part of a push to connect African countries to Europe and the Middle East. While the undersea lines bring fast broadband to coastal cities, inland cables are needed to further connect land-locked countries. Wireless carriers in Africa are increasingly investing in infrastructure as they seek to make money from services offered on their networks. MTN is in the process of carving out its infrastructure wholesale firm GlobalConnect, which is being re-branded as Bayobab and plans to roll out a total of 135,000 kilometers of fiber by 2025, generating as much as $1 billion in revenue. Read more: Vodacom Plans Fiber Expansion When $700 Million Deal Closes
Africa needs at least 500,000 more kilometers of fiber optic cables, according to MTN. Wireless carriers and US tech giants including Alphabet Inc.’s Google and Meta Platforms Inc.’s Facebook are also heavily investing in efforts to provide better connections to the continent’s young, fast-growing and tech-savvy population. The new MTN pipes will be constructed in three phases and run through countries including Kenya, Nigeria and Congo. The fiber will significantly speed up services such as video streaming and cloud computing once complete, with the last stage expected to be ready in 2025. ©2023 Bloomberg L.P.

Africa’s Biggest Mobile Firm Plans New $320 Million Fiber Cable

China Retail Investing Remained Lackluster Amid Reopening Rally
National Australia Bank CEO Says Three More RBA Hikes Possible
Adani Bonds Flash Warnings Even as $153 Billion Stock Rout Eases
Thailand’s Newly Minted Top Mobile Firm Set for Trading Debut
Russia Oil Resilience May Fade on Lack of Technology, Yakov Says
SoftBank’s Arm Confirms It Will Pursue US-Only Listing in IPO
Asia Stocks Set to Rise After Wall Street Reversal: Markets Wrap
Oil Heads for Weekly Gain as Investors Warm to China’s Recovery
SEC’s Gensler Open to Trading-Revamp Tweaks After Criticism
What Wall Street Gets Wrong About Xi Jinping's New Money Men
Australia Pushes to Phase Out Live Sheep Exports to Improve Animal Welfare
Broadcom Gives Robust Forecast on Networking-Infrastructure Demand
Entire Treasury Market Yields at Least 4%, Now Including 30-Year
Schultze SPAC Is in Talks to Merge With Body Armor Maker Point Blank Enterprises
Crypto-Focused Silvergate Debacle Unlikely to Spread to Broader Banking
Chicago’s Next Mayor Must Have a Plan to Tackle the City's $34 Billion in Pension Debt
Fed Officials Warn They May Need to Lift Rates to a Higher Peak
Japan’s Top Steelmaker Eyes $700 Million ‘Green Steel’ Project
BOJ Watchers See Higher Chance of June Shift After Ueda Hearings
More than half of Canadians say current economic conditions have impacted retirement plans: Survey
Majority of Canadians feel like they're being targeted more than ever by financial fraud: Survey
'Don't be afraid to ask': Tips for young workers in salary negotiations
Canadians want to retire by 61, amid financial concerns: CIBC poll
Tax credits and deductions for Canadians to consider
5 RRSP season resolutions for a comfortable retirement: Dale Jackson
Getting divorced? Here are the top tax considerations to take into account
RRSP myths prevail as Canadians rush to contribution deadline: Dale Jackson
Spousal RRSPs can offer tax benefits, but experts say it might not work for everyone
MPs summon big grocery store CEOs to testify in Ottawa over food inflation
75% of Canadians say any level of debt is a relationship deal breaker: Survey
Filing taxes for the first time? Here's what you need to know
​Nearly half of all insolvencies last year were filed by millennials: Study
Panic and confusion grip RRSP season, once again: Dale Jackson
Food inflation dips into Super Bowl spreads
One-third of households say they're financially worse off compared to year ago: poll
What to know about investing with your student line of credit
Is your income 55K or less? Consider using a TFSA over RRSP: Advisor
Credit cards with travel rewards provide 'bang for your buck': Personal finance
Silvergate Sinks to Record Low on Review of Going Concern Status
US Home Prices Fall From Year Ago in First Since 2012, Redfin Says
US Mortgage Rates Jump to 6.65%, Rising for Fourth Week in a Row
Blackstone Defaults on €531 Million Nordic Property-Backed CMBS
Real estate: Greater Vancouver home sales up 77% from Jan., down 47% from last year
Calgary housing inventory sinks to 2006 levels, sales almost halved: Alberta board
Watercoolers Become RTO Yardstick as Remote-Work Debate Rages
Majority of Hispanic Americans Own a Home as Incomes Rise
How Empty Land in the Arizona Desert Gets Turned Into Homes
Silvergate’s Worsening Crypto Losses Feed Watchdogs’ Worst Fears
One Year On, Sweden Home Price Drop Keeps Market Trough Elusive
Taylor Wimpey Warns of Sales Slowdown as Pricey Mortgages Weigh
Scholz’s SPD to Start Coalition Negotiations With CDU in Berlin
China Leaders Surprised by Pace of Economy’s Rebound
Australia’s Building Approvals Post Record Drop, Drag on Growth
China Developers Vanke, Poly to Issue Shares as Market Thaws
Iceland Shows Europe How to Run on Reliable, Clean Energy
Chinese Stocks Rebound After Terrible Month on Upbeat Data
Bashing China Is a Bipartisan Passion in Evenly Divided US Congress
Tokyo Inflation Slows Sharply as Kishida’s Subsidies Kick In
China Retail Investing Remained Lackluster Amid Reopening Rally
National Australia Bank CEO Says Three More RBA Hikes Possible
Adani Bonds Flash Warnings Even as $153 Billion Stock Rout Eases
Exxon Sued by US After Five Nooses Found at Louisiana Plant
Thailand’s Newly Minted Top Mobile Firm Set for Trading Debut
Russia Oil Resilience May Fade on Lack of Technology, Yakov Says
Credit Suisse Seeks to Vacate $1.3 Million Award to Ex-Adviser
SoftBank’s Arm Confirms It Will Pursue US-Only Listing in IPO
China’s Fragile Property Market Underscored by Hesitant Buyers
Asia Stocks Set to Rise After Wall Street Reversal: Markets Wrap
SEC’s Gensler Open to Trading-Revamp Tweaks After Criticism
Australia Pushes to Phase Out Live Sheep Exports to Improve Animal Welfare
Marcos Embrace of US Troops Near Taiwan Revives Old Grievances
Coinbase, Galaxy, Paxos Stop Accepting Transfers Via Silvergate
Broadcom Gives Robust Forecast on Networking-Infrastructure Demand
Uruguay’s Lacalle Pou Seeks $150 Million in Tax Cuts
Stuffed Raccoon Goes for $90,000 at ‘Everything Everywhere’ Charity Auction
Zoom Abruptly Fires President Greg Tomb ‘Without Cause’
Exxon Sued by US After Five Nooses Found at Louisiana Plant
Russia Oil Resilience May Fade on Lack of Technology, Yakov Says
Asia Stocks Set to Rise After Wall Street Reversal: Markets Wrap
Oil Heads for Weekly Gain as Investors Warm to China’s Recovery
Australia Pushes to Phase Out Live Sheep Exports to Improve Animal Welfare
Crypto-Focused Silvergate Debacle Unlikely to Spread to Broader Banking
Japan’s Top Steelmaker Eyes $700 Million ‘Green Steel’ Project
World Bank Nominee Banga Is a ‘Big Believer’ in Climate Science
Denmark Gives Green Light to Drill for Geothermal Heat
UK Braces for Arctic Blast Next Week as Winter Stages a Comeback
Petrobras CEO Stuck Between Dividend-Hungry Investors and Lula
Vale to Turn Amazon Mining Waste Into High-Grade Iron Ore to Feed Steelmaking
Oil edges higher as China demand hopes vies with inflation fears
Ukraine Latest: Missile Strike, Zelenskiy Warns on Bakhmut
Ample Wheat Supplies May Get Another Boost From Canadian Farmers
American Airlines Goes All-In on a $15 Billion Debt-Cutting Plan
Crescent Point continues to grow production in Kaybob Duvernay
Elon Musk Really Wants Tesla to Make Home Heat Pumps
Brazil’s Faltering Economy Endangers Lula’s ‘Barbecue and Beer’ Promise
The Daily Chase: TD Bank beats earnings expectations; TSX climbs
Interest rates are near the historical 'norm': Gordon Reid
The Daily Chase: RBC and National post profit beat; NFI Group navigates inflation
B.C. 's budget praised for housing investment, criticized for lack of business help
'Economic engine': Alberta predicting $2.4-billion surplus for petro-powered economy
Household disposable income rises in Q4 on government transfers: Economists
Economy slowed by more than expected in Q4, contracted in December
'Don't be afraid to ask': Tips for young workers in salary negotiations
Young Canadians at higher risk of falling victim to fraud: Survey
The Daily Chase: Canadian economy stalls in Q4; Bank earnings season fully kicks off
Companies must listen to racialized employees in tackling racism at work: experts
Canada-China trade breaks record, as imports hit $100B
Record oil profits 'enough to make you ball up your fists,' says N.L. minister
Housing optimism lifts Canada consumer confidence to six-month high
The Daily Chase: Markets point to a positive open; Berkshire Hathaway reports profit drop
Industry minister announces $250 million to train workers for emerging sectors
Ottawa posts $5.5B deficit for April to December
Ukraine war shook up markets, but much stays the same for Canadian oil and gas
The Daily Chase: CIBC reports earnings beat; Survey examines mortgage fraud in Canada
What Wall Street Gets Wrong About Xi Jinping's New Money Men
Marcos Embrace of US Troops Near Taiwan Revives Old Grievances
Uruguay’s Lacalle Pou Seeks $150 Million in Tax Cuts
Menendez Presses Biden in Person to Nominate Latino to Fed Board
Senator Dianne Feinstein Is Hospitalized With a Case of Shingles
Chicago’s Next Mayor Must Have a Plan to Tackle the City's $34 Billion in Pension Debt
Trump Fails to Get DOJ Backing on Immunity Over Jan. 6 Lawsuits
Starbucks Says It Won’t Send Schultz to Bernie Sanders’s Senate Hearing
Alexandria Ocasio-Cortez’s Met Gala Dress Rental May Have Violated House Ethics, Panel Finds
Plot to Bomb California Democratic Headquarters Sends Two to Prison
Petrobras CEO Stuck Between Dividend-Hungry Investors and Lula
Silvergate Sinks to Record Low on Review of Going Concern Status
Ukraine Latest: Missile Strike, Zelenskiy Warns on Bakhmut
FTC Competition Chief Vedova to Retire in Opportunity for Khan
Trump Fatigue Seeps Into Right-Wing Forum That Fed MAGA Fervor
Blinken Pressed Lavrov in Rare But Brief Meeting at G-20 Summit
Nigeria’s Obi Vows to Overturn Tinubu Election Victory in Court
TikTok Isn't the Only China-Backed App the White House Is Worried About
Amazon Is Targeted by Businesses Relying on the Online Retailer to Sell Goods
National Australia Bank CEO Says Three More RBA Hikes Possible
Thailand’s Newly Minted Top Mobile Firm Set for Trading Debut
Russia Oil Resilience May Fade on Lack of Technology, Yakov Says
SoftBank’s Arm Confirms It Will Pursue US-Only Listing in IPO
China’s Fragile Property Market Underscored by Hesitant Buyers
Coinbase, Galaxy, Paxos Stop Accepting Transfers Via Silvergate
Broadcom Gives Robust Forecast on Networking-Infrastructure Demand
Zoom Abruptly Fires President Greg Tomb ‘Without Cause’
Dell sinks after downbeat outlook overshadows strong quarter
Canadian fintech investments dropped last year amid downward pressure on valuations: Report
Crypto-Focused Silvergate Debacle Unlikely to Spread to Broader Banking
China NPC Delegate Picks Favor Chip Experts Over Internet Tycoons
Ripple’S CEO Expects a Decision on SEC Suit Over XRP This Year
Silvergate Sinks to Record Low on Review of Going Concern Status
US Warns Companies Against Doing Business With Sanctions Evaders
Salesforce Finds Profit Is New Magic Word for Activist Investors
Binance Is a ‘Hotbed’ of Illegal Activity, Bipartisan US Senators Allege
Biden’s Cyber Plan Would Hold Software Makers Responsible in Hacks
BetterHelp Barred by FTC From Sharing Data With Facebook
The U.S. Fed is failing in four ways: Mohamed A. El-Erian
Apple, JPMorgan turn to pay now grow later
Remote Working Boom Is Huge for College Towns Like Knoxville
Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted
Millennials are finally spending like grown-ups
Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling
Musk is wrong for Twitter even if deal math works out
Chocolate bunnies can teach us to save our food supply
The Fed has made a U.S. recession inevitable
America's oil reserve weapon risks misfiring
Four-day workweeks can burn you out
U.S. Fed expects a soft landing. Don't count on it
Markets are pushing Fed into developing-economy territory
Commodity traders go from bonanza to bailout plea
Putin's war shows West must clean up dirty money
Salary transparency is good for everyone
Microsoft's US$69B Activision deal could be a blunder
What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S.
Credit ETFs Hammered by Record Outflows of Almost $12 Billion
Citi Strategists Say Traders Are Piling Up Short Bets on Stocks
Cash-Like ETF Attracts $2.5 Billion in Biggest Haul Since 2020
Turkey’s Sovereign Fund Allots at Least $1 Billion to Boost Stock-Market Heavyweights
JPMorgan Investment Arm Purges Its ESG Funds of Adani Stocks
Foreigners Pull Out From Turkey ETF at Fastest Pace Since 2021
Prodigal Bond Buyers Return to Gilts as £250 Billion Wall Looms
Cathie Wood Keeps Up Tesla Robotaxi Hopes After Six-Year Letdown
The Growing Cash Pile in Moscow Foreign Investors Can’t Touch
ETF Traders Ditch Risk Assets En Masse, Pile Billions Into Bonds
UK Overtakes India as the World’s Sixth-Biggest Equity Market
Investors Stung by Treasuries Rout Brace for Next Blow From Fed
Global Passive Equity Funds Set to Overtake Active Funds
Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing
Hong Kong Plans to Let Retail Sector Trade Larger Crypto Tokens
Turkey’s Endless Tinkering in Markets Is Driving Investors Away
Wall Street Is Baffled by the Stock Market
Zero-Day Options Are Like Betting on ‘Horse Race,’ Tchir Says
Turkish Stocks Recoup Post-Quake Losses Thanks to Measures
Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO
Manulife CEO on diversification, insurance demand and digital transformation
Decision on new Suncor CEO expected 'very soon'
Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman
Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman
Reed Hastings explains why he's stepping down as Netflix CEO in blog post
Bankman-Fried says in court that he's ready for U.S. extradition
SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan
Disney's Iger returns to reckon with his own 15-year Legacy
Women making small gains, but still troublingly under-represented in the C-suite
Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO
Dominic Barton on Canada-China relations, future at Rio Tinto
'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican
World's richest family loses US$11.4B in Walmart rout
'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp
First female bank CEO in Canada leads with younger self in mind
​Company holiday parties are making a comeback, but many employers have a plan B
Elon Musk and Jeff Bezos now worth almost half a trillion dollars
Jane Fraser has a plan to remake Citigroup while tormenting rivals
Patpicha Tanakasempipat, Bloomberg News
(Bloomberg) -- Shares of True Corporation Pcl, created through a merger between Thailand’s number two and three mobile phone operators, will start trading in Bangkok on Friday, marking the culmination of a consolidation process that drew protests from consumer groups and its main rival. With Thai authorities approving the merger of True and Total Access Pcl this week, the new company with 55 million mobile subscribers ended the long reign of Advanced Info Service Pcl as the largest telecom company in Southeast Asia’s second-biggest economy. Advanced Info, backed by Singapore Telecommunications Ltd., ended last year with a total of 46 million mobile users. True shares have an implied fair value of 10.32 baht each, Kasikorn Securities Pcl said in a report Thursday. The combined market value of the two entities before trading was suspended to complete the merger was 294 billion baht ($8.45 billion). The merged entity’s enterprise value was about $20.7 billion, according to Jorgen Arentz Rostrup, True’s vice chairman and a nominee of Telenor AS, which owns about 30% in the company. Thai conglomerate CP Group will also hold about 30% in the new company and China Mobile Ltd. about 10%, with the rest being held by minority shareholders. The new telecom-tech company will combine the best of True and Total Access and the global expertise of its shareholders, True Corporation said in a statement, adding it will also benefit from synergies within its network, digital infrastructure, IT systems, purchasing, sales and marketing, retail channels and operational costs. “Thai consumers will benefit from this amalgamation. The synergy will lead to fair and balanced competition, which is ultimately in customers’ interest,” True’s Chief Executive Officer Manat Manavutiveth said in the statement. The new company, together with partners, will raise $200 million in venture capital to invest in digital startups to help accelerate and stimulate growth in Thailand’s digital ecosystem, True said. ©2023 Bloomberg L.P.

Thailand’s Newly Minted Top Mobile Firm Set for Trading Debut

Bloomberg
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