Nigerian Central Bank Threatens Forex Dealers as Naira Wobbles
Nigeria’s central bank has stepped up its scrutiny of lenders and foreign-exchange bureaus, marking the latest effort to ease a dollar shortage that has sapped the naira. #press
The Pulse With Francine Lacqua 08/23/2023
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. Guests include: Nannette Hechler-Fayd'Herbe, CIO of International... #press
Turkey Closes Dardanelles Strait to Save Water to Fight Forest Fire
Hundreds of ships were left unable to move between the Black Sea and the Aegean after Turkey closed the Dardanelles Strait to save water for use in fighting nearby forest fires. #press
South Africa Expands HIV, TB Drug Access By Using Pharmacists
South African pharmacists will be able to prescribe drugs for the country’s two most deadly infectious diseases, HIV and tuberculosis, as the nation at the foot of the continent tries to better manage both epidemics. #press
Nvidia Earnings: What to Watch for
Nvidia Corp., the chipmaker which has added more than $370 billion in market value since its last update, is reporting results after the bell Wednesday that could set the tone for global stock markets for the rest of the year. Bloomberg Quicktake’s Alex Webb and Bloomberg Intelligence’s Matt Bloxham have a preview on Bloomberg Television.... #press
Adani Group Posts Record Quarterly Profit in Boost to Liquidity
Adani Group posted record profit in the quarter ended June on the back of its infrastructure and renewable energy businesses, bolstering the finances of Gautam Adani’s business empire as it seeks to shore up investor confidence and resume fundraising months after a damaging attack from... #press
With ‘Everybody Else’ Dead or Gone, One California Bank Thrives
From his office just outside Los Angeles, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital Corp. down near San Diego in early March, then Silicon Valley Bank up north days later, followed by San Francisco’s First Republic Bank at the... #press
Iraq and Turkey Yet to Agree on Resuming Crucial Oil Pipeline
Turkey and Iraq have failed to reach a breakthrough so far in talks to restart a crucial oil pipeline whose closure has cut off nearly half a million barrels of crude from global markets. #press
Ex-Merrill Lynch Banker Drives LGT India Growth With Hiring Push
LGT Wealth India plans to ramp up headcount as it seeks to double the amount of money it manages for clients by helping them cut their reliance on domestic assets. #press
Weigao Said to Explore Sale of $1 Billion US Devices Unit Argon
China’s Shandong Weigao Group Medical Polymer Co. is exploring a potential sale of its US health products business as relations between the world’s two largest economies sour, according to people familiar with the matter. #press
New Thai PM Needs to Tackle Woes Beyond His Control: Economists
With the wait for a new leader finally over and a government set to be in place soon, Thailand’s economy is all set to receive the boost it needs to counter external headwinds. #press
US Futures Gain as Investors Set Sights on Nvidia: Markets Wrap
US equity futures rose as investors awaited earnings from Nvidia Corp., the chipmaker at the heart of this year’s hype around artificial intelligence. #press
Threats From China Spurs 65% Surge in a Taiwan Military Stock
Taiwan’s Aerospace Industrial Development Corporation surged by the 10% daily limit Wednesday after the military aircraft manufacturer laid out a bullish outlook amid rising threats from China. #press
Danish Consumer Outlook Worsens for First Time in 10 Months
Danish consumer sentiment worsened for the first time in 10 months as accelerating inflation makes Danes more pessimistic about the outlook for the economy and their personal finances. #press
There Are a Lot of Headwinds Against the Yuan: Chan
“There are a lot of headwinds, and the headwinds are partly on the macro side and headwinds from the global side.” Craig Chan, global head of FX strategy at Nomura, discusses his calls on the yuan and what measures the PBOC can use from their tool kit to support the currency. He speaks on Bloomberg... #press
Global Funds Abandon China Blue Chips in $9.3 Billion Selloff
Global investors have been shedding China’s blue-chip stocks in what’s been a record-selling streak, showing even the nation’s industry leaders are falling out of favor as a rout deepens. #press
Investors Say They’ll Stick With Gold as Fed Cycle Heads for End
Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months. #press
Tufts University's Papa on BRICS Summit
Mihaela Papa, senior fellow of the Rising Power Alliances Project at the Fletcher School at Tufts University, discusses her expectations for the BRICS Summit and how the US should respond to results from the meeting as members have been challenging some key tenets of US global leadership in recent years. She speaks with... #press
Cathie Wood Bought More of Zoom as Shares Fell After Results
Cathie Wood bought more of Zoom Video Communications Inc. as the stock fell Tuesday in the wake of the video-conferencing company’s results. #press
UBS Says Bonds Still 'Most Preferred Asset Class'
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, discusses Federal Reserve policy and the implications for financial markets. He also talks about the state of China's economy with Paul Allen and Shery Ahn on "Bloomberg Daybreak: Asia." (Source: Bloomberg) #press
