EV, Apple Supplier Tops China Tech Stocks, Rising 23% This Month
A unit of electric-vehicle maker BYD Co. that also supplies parts for Apple Inc. has climbed 23% this month, making it the best performer on a benchmark of Chinese technology stocks. #press
Bloomberg Markets: The Close 08/30/2023
Romaine Bostick & Katie Greifeld bring you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street and tackle how China's economy could hurt Nike, hurricane Idalia slams Florida and HPE hikes its full-year profit. Guests Today: Linda Duessel of Federated Hermes,... #press
China Builder Sino-Ocean Wins Vote to Extend Yuan Bond
Representatives of closely watched state-backed Chinese developer Sino-Ocean Group Holding Ltd. told some holders of a yuan note it has secured enough bondholder support to extend repayment. #press
China Stock Investors Pin Hopes on Revival After Brutal August
August may have marked the darkest hour before dawn for China’s battered equity markets, with some investors pinning hopes that Beijing’s recent efforts to boost confidence will bear fruit in the coming days. #press
Chinese Holdouts Look to Add Women to All-Male Boards
As a deadline approaches for greater gender diversity on boards of Hong Kong listed companies, major Chinese firms are beginning to act. Bruce Einhorn reports on Bloomberg Television. (Source: Bloomberg) #press
PBOC Drafts Policy to Give Private Firms More Funding Access
The PBOC drafted to give private businesses better access to funding as authorities ramp up efforts to boost broader economic growth. Jill Disis reports on Bloomberg Television. (Source: Bloomberg) #press
China’s Manufacturing PMI Edges Higher in August
Xiangrong Yu, chief China economist at Citi, discusses China’s PMI data and what the figures mean for the economy. He speaks on Bloomberg Television. (Source: Bloomberg) #press
China Is Speeding Up Infrastructure Bond Sales to Boost Spending
China’s local governments are accelerating the pace of borrowing for infrastructure investment, a move that could help lift economic growth while also putting pressure on financial markets. #press
China’s Factory Activity Contracts Again Amid Gloomy Outlook
China’s manufacturing activity contracted again in August, adding to the gloomy outlook for the world’s second-largest economy. #press
Strategic Wealth Capital's Yamaki on Global Markets
Adrianne Yamaki, Founder and financial advisor at Strategic Wealth Capital, discusses her outlook and investment strategies on global markets. She speaks with Shery Ahn and Haidi Stroud-Watts on "Daybreak Asia". (Source: Bloomberg) #press
Charles Schwab's Sonders on US Markets
Liz Ann Sonders, Managing Director and Chief Investment Strategist at Charles Schwab, discusses her outlook and investment strategies on US Markets. She speaks with Shery Ahn and Haidi Stroud-Watts on "Daybreak Australia".
(Source: Bloomberg) #press
Dozens of Australian Pension Products Fail Annual Watchdog Test
Dozens of Australian pension products have failed an annual regulator test designed to weed out under performing funds and clamp down on excessive fees. #press
Bloomberg Daybreak: Australia 08/31/2023
Haidi Stroud-Watts in Sydney and Shery Ahn in New York drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) #press
China’s Solar Companies Face Margin Squeeze Despite Profit Jump
A factory boom in China that’s lowering the cost and boosting demand for solar panels is also squeezing the margins of the companies that make them. #press
Singapore Money Laundering Case Embroils Banking Giants
Some of the biggest local and international lenders in Singapore are becoming embroiled in one of the city-state’s largest money laundering cases. Lulu Chen reports on Bloomberg Television. (Source: Bloomberg) #press
Bargain Airfares Disappear in India as Rivals Get Squeezed
As India’s airline market transforms into a duopoly, ticket prices that have long known to be dirt-cheap are climbing. #press
Balance of Power 08/30/2023
"Balance of Power" focuses on the intersection of politics and global business. On the show today Democratic Representative of Massachusetts, Jake Auchincloss, discusses the two year mark since the US troop withdrawal in Kabul, Afghanistan that brought the end of a two decade war and Lee Mayfield, Hagerty Consulting Director of Responses, discusses the... #press
https://www.bloomberg.com/news/videos/2023-08-31/balance-of-power-08-30-2023?utm_source=press.coop
Oil Holds Gain After US Crude Inventories Post Large Decline
Oil held gains after a five-day advance driven by a slump in US inventories and speculation that OPEC+ leaders will prolong supply cuts. #press
QCT President Mike Yang on AI Growth, Nvidia
Key Nvidia Corp. partner Quanta Cloud Technology expects sales to double of its artificial intelligence servers in 2024, and demand to persist over the longer term as businesses weave AI into their operations and services. The AI boom “actually is going to maintain and you’ll see its growth keeping stronger and stronger... #press
QCT President Mike Yang on AI Demand, Supply Chains, China
Mike Yang, president at Quanta Cloud Technology, or QCT, discusses demand for AI, supply chains and US-China relation. He speaks to Yvonne Man on Bloomberg Television. (Source: Bloomberg) #press
