Eskom Latest: 4,000 MW to Be Cut From Grid, New Power Accords
South Africa’s state-owned power company will implement so-called stage-4 loadshedding until 4 p.m. on Thursday after more generation units broke down and as the utility rushed to replenish its emergency generation reserves. #press
UBS Seeing Inflows Across Platforms, CEO Ermotti Says
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's strategy and its integration of Credit Suisse. The Swiss lender posted the biggest-ever quarterly profit for a bank in the second quarter as a result of the merger. Ermotti speaks with Bloomberg Television's Francine Lacqua. (Source:... #press
UBS Seeing Inflows Across Units in Third Quarter, CEO Ermotti Says
UBS Group AG is seeing inflows both in its own franchise and at Credit Suisse over the past two months, as clients return following the completion of the takeover in June. #press
Bloomberg Daybreak: Middle East & Africa 08/31/2023
Daybreak Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong... #press
China’s Xi Likely to Skip G-20 Summit in India, Reuters Says
Chinese President Xi Jinping will likely skip the upcoming leaders summit of the Group of Twenty nations in India next month, Reuters reported, citing government and diplomatic sources familiar with the matter. #press
New China Map Draws Another Rejection, This Time From Manila
The Philippines doesn’t recognize Beijing’s latest standard map showing its expansive South China Sea claims, joining opposition from India and Malaysia. #press
India’s Inflation in Focus Ahead of Polls
Citigroup is saying India’s move to cut cooking gas prices could soften inflation and shift focus toward a reduction in gas prices ahead of key elections. Menaka Doshi reports on Bloomberg Television. (Source: Bloomberg) #press
What's the Main Challenge for Investors in India?
Mixo Das, Asia equity strategist at JPMorgan, discusses the economies and financial markets of China and India, and shares his take on the artificial intelligence theme. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia." (Source: Bloomberg) #press
Five Things You Need to Know to Start Your Day
Get up to speed with what the markets are monitoring #press
CanSino Biologics on AstraZeneca Deal, Earnings
Xuefeng Yu, Chairman, Co-Founder & CEO at CanSino Biologics, discusses collaboration plans with pharmaceutical companies including AstraZeneca as well as the company's first half results. He speaks with Rishaad Salamat, David Ingles and Yvonne Man on "Bloomberg Markets Asia". (Source: Bloomberg) #press
Thornburg IM on Fixed Income Strategy
Christian Hoffmann, Portfolio Manager at Thornburg Investment Management, explains why he's telling investors to stay bullish on fixed income and where he finds opportunities. He discusses with David Ingles and Yvonne Man on "Bloomberg Markets China Open". (Source: Bloomberg) #press
Asian Credit Spreads Widen Most in Five Months on China Fears
Yield premiums on high-grade Asian dollar bonds were on course for the sharpest monthly jump since March as concerns about China’s ailing economy and property woes weighed on demand. #press
ICRA: India's FY2024 GDP Growth At 6%
ICRA Chief Economist, Head of Research & Outreach Aditi Nayar estimates India's FY2024 economic growth at 6 percent, lower than the central bank's projection of 6.5 percent. She speaks with Menaka Doshi, Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg) #press
CMC Markets: FX Protection Remains Focus For China
CMC Markets Sales Trader Oriano Lizza says currency protection remains a focus for China. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg) #press
BOJ Price Target Needs Flexibility, Says Adviser to Government
The 2% inflation target that guides monetary policy in Japan is too rigid, said Mana Nakazora, a private-sector member of the influential Council on Economic and Fiscal Policy. #press
UK Property Turmoil Reshapes Britain’s Benchmark FTSE 100 Index
Persimmon Plc’s pending exit from the FTSE 100 Index after a decade-long stay provides the latest sign of how the highest UK interest rates since the global financial crisis are crushing the country’s property-related stocks. #press
Nomura’s Subbaraman: Getting Worried About China’s Banks
“It’s not clear to us that these piecemeal policy measures are really enough to revive the economy.” Rob Subbaraman, head of global macro research at Nomura, discusses China’s policy support for the economy and where he’s seeing bright spots. He speaks on Bloomberg Television. (Source: Bloomberg) #press
Bloomberg Markets: China Open 08/31/2023
"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... #press
Bloomberg Daybreak: Asia 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. Today's guests: Strategic Wealth Capital Founder & Financial Advisor Adrianne Yamaki, CGS-CIMB Securities Head of China & Hong Kong Research Raymond... #press
Baidu Among First Firms to Win China Approval for AI Models
China has approved the first batch of generative artificial intelligence services for public rollout, freeing up homegrown technology champions like Baidu Inc. to openly compete with the likes of OpenAI Inc. and Microsoft Corp. Jane Zhang reports on Bloomberg Television. (Source: Bloomberg) #press
