Donald Trump pledged to create “the greatest sovereign wealth fund of them all.” His advisers think one way to do it is a government agency they bet can help mobilize hundreds of billions from Wall Street.

Electric vehicle maker VinFast Auto Ltd. said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world’s third-biggest car market.

US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Malaysia’s Investment, Trade and Industry Minister Zafrul Aziz.

Archegos Capital Management’s Patrick Halligan and federal prosecutors have agreed he should be sentenced to eight years in prison for his role in the 2021 collapse of the $36 billion hedge fund, according to a court filing by his lawyer.

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.

Janet Yellen, US treasury secretary, wrote in a letter to congressional leaders Friday that she was advising them “of the extraordinary measures that Treasury will begin using” to avoid breaching the debt limit.

Mexico is planning to establish a “task force” to involve US companies in the process of reducing imports from China, the country’s economy minister told a group of auto suppliers at a private meeting Friday in Detroit.

As if the yuan wasn’t already under pressure from the weak Chinese economy, a surging dollar and the prospect of higher US tariffs, the currency faces an additional downdraft: a flood of money looking to invest overseas.

Bloomberg reporters answer questions about how Trump’s promises to raise tariffs on China could lead to a trade war with global consequences.

The Federal Reserve has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System, a global coalition of central banks engaged in the study of climate risk that was launched in 2017.

Welcome to Bay Street Edition, our weekly newsletter devoted to what’s happening in Canadian finance, covering strategy, deals, people moves and a dash of economics.