Blackstone Sees Opportunities in Energy Transition
Rob Horn, Blackstone Credit Global Head of the Sustainable Resources Group, says he sees opportunities for investment in the global energy transition. Horn told this to Alix Steel and Guy Johnson Monday morning on "Bloomberg Markets: Americas." (Source: Bloomberg) #press
Travel + Leisure CEO Says Travel Demand Is High
Mike Brown, Travel + Leisure President & CEO, joined Alix Steel and Guy Johnson on "Bloomberg Markets: Americas" Monday morning. Brown said travel demand remains high among US consumers.
(Source: Bloomberg) #press
Free Marketeer Leading Argentine Election Seen Rocking Commodities
Javier Milei, a libertarian outsider who’s taken a surprise lead in the race for Argentina’s presidency, would shake up the country’s powerhouse commodity industries like none of his rivals. #press
LA School System Kicks Off School Year With Municipal Bond Sale
The nation’s second-largest K-12 district is kicking off the new school year with a municipal bond offering while it contends with attacks from hackers, a dwindling student body and soaring labor costs. #press
Hawaiian Electric Shares Drop 39% on Wildfire Probe
Hawaiian Electric Industries Inc. plunged by a record on concern that its power lines may be linked to the deadly Maui wildfires. The utility as come under criticism for not turning off power despite weather forecasters’ warnings that dry, gusty winds could create critical fire conditions. No official cause... #press
Evergrande’s Troubled EV Maker Agrees to $500 Million Share Sale
The electric-vehicle unit of defaulted property developer China Evergrande Group agreed to sell a roughly 28% stake to Dubai-based startup NWTN Inc. in a deal that could keep the carmaker in business. #press
Banks Pile Into High-Grade Bond Market Ahead of Summer Lull
Goldman Sachs Group Inc., Bank of America Corp. and regional lender Huntington Bancshares Inc. are marketing fresh debt in the US high-grade market Monday, as companies look to sell bonds before the cyclical summer slowdown that typically kicks in toward the end of August. #press
Milei’s Plan for Argentina: Dollarization and Scrapping Taxes
From ditching the struggling peso to eventually eliminating Argentina’s central bank, outsider presidential candidate Javier Milei has vowed to implement a series of bold — and perhaps unfeasible — measures to pull South America’s second-largest economy from the brink of a meltdown. #press
Pricing Power Is Becoming an Issue for Consumers: Shah
Seema Shah of Principal Global Investors talks about where to find yield in the bond market and previews retail earnings on "Bloomberg the Open." (Source: Bloomberg) #press
Treasury 10-Year Yield Rises to Highest Level Since November
The US 10-year yield rose to the highest level since November as traders pared expectations for Federal Reserve interest-rate cuts next year. #press
Surveillance: Bitter Goldman Traders Drive CEO Uproar, Mike Mayo Says
Insiders may be grumbling, but Wall Street hasn’t given up on Solomon — yet #press
Chile Minutes Show Future Interest Rate Cuts of 75-100 Basis Points
Chile’s central bank said it may slow the pace of interest rate cuts, after an initial percentage-point move, given that it’s too early to say that inflation woes in one of Latin America’s richest economies are “solved.” #press
Hawaiian Electric Drops as Lawyers Probe Cause of Deadly Maui Wildfires
Hawaiian Electric Industries Inc. plunged on concern that its power lines may be linked to the deadly Maui wildfires. #press
China Passes Greece as Top Shipowning Nation by One Key Metric
China surpassed Greece as the world’s largest shipowner for the first time in one important metric, cementing its importance in the transport of goods and raw materials across the globe. #press
Tylenol Maker Kenvue’s Share Swap Opens Door for More Investors
It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine. #press
India Inflation Breaches RBI Target in July as Food Costs Jump
Retail inflation in July breached the Reserve Bank of India’s tolerance level for the first time in five months due to surging food costs, reinforcing the central bank’s concern over uneven monsoon rains affecting crop production. #press
Adnoc Weighs Boosting Covestro Bid Again to €11.6 Billion
Abu Dhabi National Oil Co. indicated it’s prepared to boost its informal offer for Covestro AG to about €11.6 billion ($12.7 billion) on the condition the German chemicals group agrees to enter formal talks, people with knowledge of the matter said. #press
Fitch Spares Israel’s Rating With Tepid Warning on Overhaul Risk
Israel’s credit score was affirmed with a stable outlook by Fitch Ratings, in a surprise vote of confidence for the government following a judicial overhaul that’s triggered months of nationwide protests and rattled investors. #press
Traders See RBI’s Role as Rupee Recovers from Near-Record Low
The Indian rupee came close to its record low Monday before recouping some of the losses, with the decline possibly leading to intervention by the central bank. #press
The Pulse With Francine Lacqua 08/14/2023
The Pulse With Francine Lacqua is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Guest include: Plurimi Wealth Chief Investment Officer and Managing... #press
