Russia Lifts Oil Export Duty to 2023 High as Prices Exceed Cap
Russia will raise the export levy paid by its oil producers in September to the highest level this year, boosting state coffers as the price of the nation’s crude surges. #press
Bloomberg Surveillance: Early Edition 08/15/2023
Bloomberg Surveillance: Early Edition, live from London and New York. Guy Johnson and Kriti Gupta deliver the latest news and analysis on the markets with leaders in global finance and economics. Jean Boivin, Head of Blackrock Investment Institute speaks about the narrative in global markets. Former President Trump is... #press
Ecuador’s Tense Vote Also Threatens to End Mining, Oil Projects
While investors are focused on Ecuador’s tumultuous presidential election, two other measures on the ballot in the Aug. 20 vote will also shape the country’s financial future. #press
Amazon’s $593 Billion Rally Faces Endurance Test
Analysts are almost universally optimistic about Amazon.com Inc., one of the biggest winners this earnings season. But further near-term gains may be harder to come by. #press
The Pulse With Francine Lacqua 08/15/2023
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: MTN Group CEO Ralph Tendai Mupita and Anya Hindmarch... #press
The Labor Market’s So Wobbly Even Head Hunters Can’t Forecast Recovery
Recruitment companies are abandoning annual earnings forecasts, squeezed by a softening labor market in which employers are paying for fewer job listings. #press
Meme Stock Investors Derail Wall Street Bets on AMC Legal Fight
It would have been a pretty standard corporate dispute for Wall Street to bet on, if it weren’t for the meme stock crowd. #press
First Look With Surveillance: PBOC Cuts, UK Wages
Guy Johnson and Kriti Gupta take you through what to watch today.
(Source: Bloomberg) #press
Investors Least Bearish on Stocks Since Pre-Fed Hikes, BofA Says
Investors are the least pessimistic on stocks since February of last year, before the Federal Reserve began one of the most aggressive tightening cycles in decades, according to Bank of America Corp.’s latest global survey of fund managers. #press
L&G CEO: UK Must Accelerate Reforms to Lure Investors
The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc Chief Executive Officer Nigel Wilson. The Mansion House speeches on policy reforms in July have been very positive, but the government needs to speed them up, Wilson said on "Bloomberg... #press
South Africa Jobless Rate Falls to Lowest Level in Two Years
South Africa’s second quarter unemployment rate fell to its lowest level since the first quarter of 2021, beating analysts’ expectations, as employers added jobs in sectors including construction and trade. #press
Losses Multiply in Emerging Markets Craving Big Bang Stimulus
A tug-of-war is developing between investors and policymakers in emerging economies: markets keep dumping assets on concerns of growing risks to which authorities wade in with one-off support measures aimed at stemming the selloff. #press
Julius Baer's Matthews: PBOC Cut Not Enough
Mark Matthews, head of Asia research at Julius Baer, discusses the latest economic data from Asia and his asset allocation strategy. He speaks with Bloomberg's Manus Cranny on "Bloomberg Daybreak: Middle East and Africa." (Source: Bloomberg) #press
What Sparks US Wildfires: Power Lines, Burning Trash and Lightning
The fast-moving fire that ripped through Maui’s historic town of Lahaina killed more than 90 people, making it the deadliest US wildfire in more than a century. The cause of the blaze is still under investigation, but power equipment in the area is coming under increasing scrutiny. #press
Economists Raise India Inflation Forecast as CPI Accelerates
Economists are raising their price gains forecast in India for the year after retail inflation last month hit a 15-month high and exceeded market expectations due to a surge in food prices. #press
LatAm Logistics Firm to Go Public Via SPAC at $578 Million Value
LatAm Logistic Properties, which owns and operates distribution warehouses in Colombia, Costa Rica and Peru, has agreed to go public in the US via a blank-check company in a deal that will value the combined business at about $578 million including debt. #press
Global Household Wealth Drops For First Time Since 2008 Financial Crisis
Global household wealth fell last year for the first time since the financial crisis in 2008, as inflation and the appreciation of the US dollar wiped some $11.3 trillion off assets. #press
Danish GDP Grew For Third Quarter As Pharma Boosts Economy
Denmark’s economy expanded for the third consecutive quarter as Novo Nordisk A/S and other Danish drugmakers enjoy massive demand. #press
MTN CEO Says Africa Ripe for Growth in Fintech Services
MTN Group CEO Ralph Mupita discusses Mastercard's agreement to take a minority stake in his firm's financial-technology business and growth strategy on "Bloomberg Markets Today." (Source: Bloomberg) #press
Malaysia Former Premier Muhyiddin Freed of Graft Charges
Malaysia’s former Prime Minister Muhyiddin Yassin said a court judge had acquitted him of four abuse of power charges, in a win for the opposition leader just days after his alliance gained seats in provincial polls. #press
