Vietnam Opposes New China Map Claiming South China Sea Islands
Vietnam said China’s official map released this week violates its sovereignty over the Spratly and Paracel Islands and jurisdiction over its waters, according to a statement posted on the nation’s government news website. #press
US Court Paves Way For First Bitcoin ETF
Dave Nadig, Vettafi Financial Futurist discusses the process to approve the first Bitcoin ETF. He speaks with Katie Greifeld and Romaine Bostick on Bloomberg Markets: The Close. (Source: Bloomberg) #press
Surveillance: S&P's Path to 5,000 Needs a Soft Landing Into 2024
That’s sunlight at the end of the tunnel, ‘not an oncoming locomotive’ #press
Small Business Success Story
Cheri and Tracey Syphax, Founders of Just the Phax, discuss their latest small business venture and offer tips to help independent entrepreneurs succeed. This interview aired on "Bloomberg Businessweek" on August 7, 2023. (Source: Bloomberg) #press
Palantir Downgraded by Morgan Stanley on Overdone AI Optimism
Palantir Technologies Inc. was downgraded to underweight at Morgan Stanley, the latest indication of how Wall Street is skeptical of the software company, which has touted itself as a major player within artificial intelligence. #press
Iran’s Oil Exports Surge in August Even With Final Week Dip
Iran’s oil exports ballooned in August, even though they didn’t maintain the pace set in the first part of the month. #press
Relationship Reset? UK-China Ties: Bloomberg UK Show
Could UK-China relations begin to thaw? Britain's Foreign Secretary James Cleverly is using a trip to Beijing this week to mend ties with the world's second largest economy, after years of tension. We ask Chair of the British Chamber of Commerce in China, Julian Fisher, what businesses make of the visit. We also... #press
Broadcom’s Earnings Will Test Whether AI Euphoria Is Fading
Having unlocked stock market riches in 2023, the “artificial intelligence” catchphrase faces a shift in sentiment — and Broadcom Inc.’s earnings will test whether euphoria is fading. #press
Bloomberg Surveillance: Early Edition 08/31/2023
Bloomberg Surveillance: Early Edition, live from London and New York. Dani Burger and Simone Foxman deliver the latest news and analysis on the markets with leaders in global finance and economics. Alexandre Ricard, Pernod Ricard CEO speaks about its results and Gordon Shannon, TwentyFour Asset Management Portfolio... #press
Key US Inflation Measures Rise as Jobless Claims Decline
BREAKING: The core PCE price index rose 0.2% in July. US jobless claims fall to 228,000 in the week ended Aug. 26. Mike McKee reports on "Bloomberg Surveillance." (Source: Bloomberg) #press
Stagflation Dangers Stalk Europe as Markets Eye End to Hikes
The recurring nightmare for European policymakers that their economies will become crippled by inflation-impaired lethargy just won’t go away. #press
Ambani’s Viacom Pays $721 Million for Indian Cricket Rights
Viacom 18 Media Pvt Ltd., the joint venture between Mukesh Ambani and Paramount Global, secured the five-year media rights to the Indian national cricket team’s home matches as Asia’s richest man tightens his grip on viewership of the country’s most popular and lucrative sport. #press
China Lowers Down Payment, Mortgage Rate in Stimulus Push
China’s financial regulators cut the down-payment requirements for first- and second-time home buyers and lowered rates on existing mortgages, another major effort to halt a slump in the country’s residential property market. #press
Country Garden Downgraded by Moody’s as Default Pressure Mounts
Moody’s Investors Service downgraded embattled Chinese developer Country Garden Holdings three notches to Ca, piling on more pressure on the distressed company whose liquidity crisis has shaken the nation’s financial markets. #press
UBS Is Worth $27 Billion More Than Before Credit Suisse Takeover
UBS Group AG shares have been on a tear since the Swiss bank’s rescue of domestic rival Credit Suisse, rising more than a third and adding $27 billion in value. #press
Venezuela Oil Bond Rallies 160% as Investors Eye Citgo Payout
Venezuela’s state oil driller stopped paying creditors almost six years ago. Its exports are restricted by the US. And Washington refuses to recognize the government that controls the company. #press
M&S Takes Legal Action Against Government Over Marble Arch Row
Marks & Spencer Group Plc has launched a legal challenge against the UK government’s decision to reject a plan for a new store in Marble Arch, central London where the retailer has had a presence for nearly a century. #press
Iraq Export Pipeline Closure Has Already Cost About $4 Billion
The closure of Iraq’s oil export pipeline to Turkey’s Mediterranean coast in late March has already cost producers and government coffers nearly $4 billion, according to an industry group. #press
3M’s $6 Billion Earplug Accord Risks Failure If Veterans Reject Deal
3M Co.’s $6 billion settlement of lawsuits accusing the company of selling defective combat earplugs to the US military could fall apart if enough veterans reject the deal as inadequate for their injuries. #press
Dollar General Sinks After Cutting Outlook Again as Sales Fizzle
Dollar General Corp., already on track for its first annual share decline, fell again after cutting its profit forecast for the second straight quarter amid rising labor costs and “softer sales trends.” #press
