China Developer Country Garden Default Deadline Becomes Guesswork
Country Garden Holdings Co. is leaving investors in the dark about the exact date a key grace period ends after the distressed Chinese developer missed interest payments on some dollar bonds earlier this month. Kevin Kingsbury reports on Bloomberg Television. (Source: Bloomberg) #press
Moving to Texas Is All the Rage, Even in the Muni-Bond Market
It seems like everything is cheaper in Texas these days as the state lures residents and companies with a lower cost of living. Even municipal debt investors are now getting a bargain after a bond boom overwhelmed demand. #press
Surveillance: A 10-Year Treasury Yield at 6%? Suddenly It's Not So Crazy
Investors start to fret over when stocks’ inevitable breaking point arrives #press
Overseas Bond Sellers Kick Tires in Canada Mortgage Plan Shadow
A state-owned German bank tapped loonie bond investors, potentially encouraging other top-rated issuers to follow suit just as Prime Minister Justin Trudeau’s government mulls canceling Canada’s mortgage bond program. #press
CalPERS CIO: Inflation Is Impacting the Portfolio
CalPERS Chief Investment Officer Nicole Musicco says the largest public pension in the United States is focused on thinking long term, rather than trying to time the market's interest rate fluctuations. This episode of "Bloomberg Wealth with David Rubenstein" was recorded August 8th in New York. (Source: Bloomberg) #press
6% US 10-Year Yields 'Isn't a Crazy Number': Alphasimplex's Kaminski
AlphaSimplex Chief Research Strategist Kathryn Kaminski says the yields on 10-year US Treasuries could rise to the highest in decades if inflation "surprises to the upside" later this year. "If you look over longer-term horizons, 6% isn't a crazy number for a 10-year," she says on "Bloomberg... #press
Canada Pension Joins Startup at $100 Million Reforestation Fund
Canada’s largest pension fund has joined a project to produce carbon credits by planting more than 100 native tree species on degraded land in Brazil’s Amazon region. #press
Bloomberg Markets Today 08/22/2023
Markets Today has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Tom Mackenzie and Mark Cudmore. Today's guests: Magdalena Polan, PGIM Fixed Income Head of EM Macro Research; Ken... #press
Srettha’s Premier Vote Win May Spur More Gains in Thai Assets
Former property tycoon Srettha Thavisin won the parliamentary vote to become Thailand’s new prime minister, raising hope for a further rally in the country’s assets after being battered for months due to political stalemate. #press
UBS Appoints Richard Wilks as Head of ECM APAC Syndicate
UBS Group AG named Richard Wilks as head of equity capital markets syndicate in Asia Pacific and Kevin Cui as sole head of ECM syndicate in Asia, in a reshuffling of the leadership in the region. #press
Ruble Aftershocks Unnerved Even Russia’s Least Exposed Neighbor
A brief crash in the ruble last week jolted the foreign-exchange market in Kazakhstan, underlining how risks can spread even to a neighbor deemed least vulnerable to flows of Russian capital. #press
Woodside's O'Neill On Earnings Growth Momentum
Woodside CEO Meg O'Neill reviews first-half results for Australia’s biggest oil and gas producer, and discusses earnings growth momentum. She speaks with Manus Cranny on "Bloomberg Daybreak: Middle East & Africa". (Source: Bloomberg) #press
China’s Market Is a Flatline: HSBC’s Van Der Linde
“China’s market is a flatline.” Herald van der Linde, head of APAC equity strategy at HSBC, discusses Chinese equities, foreign investment sentiment and his outlook for the economy. He speaks on Bloomberg Television. (Source: Bloomberg) #press
Automobility CEO on China's EV Sector
Bill Russo, founder and chief executive officer at Automobility Limited, discusses his outlook for China's electric vehicle sector. He speaks with Bloomberg's Shery Ahn and Paul Allen on "Bloomberg Daybreak: Asia." (Source: Bloomberg) #press
Ameriprise Financial's Daoud on US Markets
Nancy Daoud, private wealth advisor at Ameriprise Financial and chief executive officer at Opus Advice First, discusses her outlook and investment strategies for US markets. She speaks with Bloomberg's Paul Allen and Shery Ahn on "Bloomberg Daybreak: Australia." (Source: Bloomberg) #press
Hong Kong Investor Starts Property Fire Sale After Wife Arrested
A Hong Kong businessman whose wife was recently arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market. #press
Japan’s Benchmark Bond Yield Hits Nine-Year High in Test for BOJ
Japan’s 10-year government bond yield reached a new nine-year high Tuesday amid upward pressure in global interest rates. #press
Balance of Power 08/21/2023
"Balance of Power" focuses on the intersection of politics and global business. On the show today Former Federal Prosecutor Michael Zeldin discusses the latest news on former President Donald Trump's classified documents case and the Georgia election case where Trump's bond is set for $200,000, and Lee Mayfield, Hagerty Consulting Director of Response,... #press
https://www.bloomberg.com/news/videos/2023-08-22/balance-of-power-08-21-2023?utm_source=press.coop
Woodside Profit Rises 4% as Output Surge Offsets Price Slump
Woodside Energy Group Ltd., Australia’s biggest oil and gas producer, said first-half profits rose as record output from its expanded portfolio helped to offset a downturn in oil and gas prices. #press
Asia’s Richest Man Wants to Build a Financial Super-App for India
Mukesh Ambani, Asia’s richest man, is breaking ground in India’s $1.8 trillion financial sector. #press
