China Stock Market Sentiment 'Very Negative,' Citi Says
Mohammed Apabhai, head of Asia trading strategy at Citigroup Global Markets, talks about Chinese stocks and the economy. China’s benchmark share index slipped for a third day as the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy. Apabhai speaks with David... #press
Anti-LGBTQ Law Leaves Uganda Unable to Lower Rates
Uganda’s central bank is set to hold its key interest rate for a fifth time in a row after the World Bank’s decision to halt new funding to the country for its passage of anti-LGBTQ legislation led the local currency to weaken and because of new inflationary pressures. #press
Singapore Home Sales Jump Fivefold to Highest Level This Year
Singapore’s home sales rebounded last month to the highest level in more than a year, as buyers brushed aside rising interest rates and the government’s latest cooling measures. #press
Bloomberg Markets: China Open 08/15/2023
"Bloomberg Markets: China Open" is the definitive guide to the markets in Hong Kong and on the mainland. David Ingles and Yvonne Man bring you the latest news and analysis to get you ready for the trading day. And powered by more than 27-hundred journalists and analysts in more than 120 countries, we get you the global stories that... #press
UBS Global Wealth Management's Hu on China's Economy
Yifan Hu, Regional CIO & Head of APAC Macroeconomics, discusses her latest outlook for China's economy. She speaks with David Ingles and Yvonne Man on "Bloomberg Markets: China Open". (Source: Bloomberg) #press
China’s Key Bond Yield Slides With Yuan on Surprise Rate Cut
China’s benchmark sovereign yield dropped to the lowest in more than three years and the yuan slid, after the central bank unexpectedly cut a key policy interest rate. #press
China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail. #press
PBOC’s Yuan Fix Is Losing Its Bite as Bearish Sentiment Mounts
China’s yuan is plumbing fresh lows for the year with the central bank’s favorite tool for guiding the managed currency quickly losing its effectiveness. #press
China's Gold Prices Rising Higher Than Rest of World Due to Import Curbs
China’s gold price is rising against levels in London, a trend that local traders say is due to government curbs on imports of the precious metal. #press
Japan’s Economy Expands More Than Expected, Signaling Resilience
Japan’s economy expanded at a much faster clip than forecast, propelled by robust exports in a sign that the recovery remains well on track. #press
Five Things You Need to Know to Start Your Day
Investor anxiety rises on China’s woes. Argentina devalues the peso. The stocks Warren Buffett and Michael Burry have ditched. Here’s what you need to know today. #press
Asia Stocks Look Mixed After US Tech Stocks Gain: Markets Wrap
Asian shares were poised for a mixed opening, with the region’s focus turning to China’s growing signs of economic malaise after the tech sector led US stocks higher overnight. #press
Beyond the Bell 08/14/2023
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg) #press
The Dollar Is Still the Key Global Currency, Massad Says
Timothy Massad, Harvard University Kennedy School of Government Research Fellow and former CFTC commissioner, talks about China launching a central bank digital currency. He says the US dollar is still the dominant player worldwide. He speaks with David Westin on "Wall Street Week Daily." (Source:... #press
Buffett’s Berkshire Cuts Activision, Unveils New Homebuilder Bet
Warren Buffett’s Berkshire Hathaway Inc. continued to cut its Activision Blizzard Inc. stake and unveiled a bet on the housing market. #press
Michael Burry Exits Alibaba, JD.com Stakes in Portfolio Overhaul
Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the second quarter, ditching the stocks just months after doubling down on them. #press
Apache Says Talks Advancing on Floating LNG Site Between Guyana, Suriname
Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors. #press
Amazon Faces Antitrust Showdown With Khan's FTC
Amazon and US regulators will meet this week, the final step before a long-shot bid to break up the tech giant, this in an effort for the retailer to argue that its behavior is harmless and to try and avoid a full-blown antitrust lawsuit in federal court. Bloomberg's Brad Stone joins Caroline Hyde and Ed Ludlow to... #press
Bloomberg Markets 08/14/2023
On "Bloomberg Markets", Jon Erlichman and Matt Miller get a check on consumer sentiment with Morning Consult Senior Economist Kayla Bruun. (Source: Bloomberg) #press
Esmark Offers to Buy US Steel for Cash, Trumping Cliffs
Esmark Inc. has offered to buy United States Steel Corp. for $35 a share, trumping an earlier bid from Cleveland-Cliffs Inc. US Steel shares spiked on the news, rising as much as 43%. #press
