Five Things You Need to Know to Start Your Day
Hong Kong shuts down ahead of super typhoon. Xi Jinping plans to skip G-20 meeting. China announces new mortgage, down payment rules. Here’s what you need to know today. #press
Qantas Airways Sued for Allegedly Selling Seats on Cancelled Flights
Qantas Airways Ltd. has been sued by Australia’s competition watchdog. The national flag carrier allegedly sold seats on thousands of cancelled flights. Paul Allen reports on Bloomberg Television. (Source: Bloomberg) #press
Hong Kong Shuts Stock Market, Schools as Super Typhoon Nears
Hong Kong is bracing for what may be the strongest storm to hit the city in at least five years as Super Typhoon Saola heads straight toward the financial hub. #press
Fortescue CFO Leaves Miner Just Days After CEO Resigns
It's the second departure of a top executive this week at Fortescue Metals Group Ltd. The Australian mining giant said Chief Financial Officer Christine Morris has left. Her exit follows the resignation on Tuesday of Chief Executive Officer Fiona Hick. Paul Allen reports on Bloomberg Television. (Source:... #press
Taiwan Banks’ Participation in China Loans Falls to Record Low
Taiwanese banks are fast disappearing from loan deals with Chinese companies, the latest indication of a collective effort to cut exposure to the world’s second-biggest economy as a housing crisis rages on and geopolitical tensions linger. #press
The New Tech Bull Market Is Here: Dan Ives
Dan Ives of Wedbush Securities says "the new tech bull market is here." He's on "Bloomberg Surveillance." (Source: Bloomberg) #press
AI Could Add $30-$40 to Apple Shares, Ives Says
Dan Ives of Wedbush Securities says Apple stands to benefit greatly from Artificial Intelligence. He's on "Bloomberg Surveillance." (Source: Bloomberg) #press
One Ship in Panama Canal Paid $2.4 Million to Skip the Line
Shippers are having to pay record amounts if they want their carriers to beat a logjam of vessels waiting to cross the drought-affected Panama Canal. #press
Micro Nuclear Plants Gain Traction With Alaska Military Base Win
Oklo Inc. plans to install an advanced nuclear reactor at a military base in Alaska. #press
Pimco Taps Battered Mortgage Bonds as Credit Gets Expensive
Investors looking for extra yield are driving corporate bonds to some of their tightest valuations of the year, pushing money managers including Pacific Investment Management Co. toward mortgage debt that looks much cheaper. #press
Dollar General Shares Down After Forecast Cut
Dollar General Corp., already on track for its first annual share decline, plunged again after slashing its profit forecast for the second straight quarter. Simone Foxman has more on "Bloomberg The Open." (Source: Bloomberg) #press
Apple About to Enter Mini 'Super-Cycle,' Ives Says
Dan Ives of Wedbush Securities says Apple is about to enter a mini super-cycle. Ives says Apple's market cap could hit $4 trillion in the next 12-18 months. Apple's He's on "Bloomberg Surveillance." (Source: Bloomberg) #press
Russia Agreed With OPEC+ on Further Oil Cuts, Novak Says
Russia agreed with OPEC+ on further cuts in oil exports and will announce its steps next week, Deputy Prime Minister Alexander Novak told President Vladimir Putin. #press
Vanguard Sees Austerity as Next Focus for Frontier Investors
Riskier emerging-market nations will need to keep exploring new ways to raise money or revamp their finances as the door to international debt markets stays shut, according to money managers at Vanguard Group Inc. #press
Treasury Basis Trade Is ‘Probably’ Back Posing Risks, Fed Says
Hedge funds have “probably” increased their positions in highly leveraged Treasury basis trades, a risk to financial stability, according to a research paper published by the Federal Reserve. #press
Exxon’s Last Bearish Analyst Taps Out After Oil Rally Prompts Upgrade
Exxon Mobil Corp. has shaken off its last bearish rating as a breakneck rally in oil prices spurred Redburn to upgrade the oil major to neutral. #press
China’s Home Sales Drop for a Third Month as Slowdown Deepens
China’s home sales tumbled for a third straight month in August, underscoring the need for policymakers to step up efforts to address a slowdown that’s weighing on the world’s second-largest economy. #press
Hyun Song Shin Explains the New Financial Stability Risks
Where are the dangers now? #press
Startup Wins $36 Million Swarm Drone Deal From Indian Air Force
A New Delhi-based startup has won a 3 billion rupee ($36 million) order to make 200 long-range swarm drones as the Indian Air Force tries to add to its capabilities drawing lessons from Russia’s war in Ukraine. #press
Australia Property Prices Accelerate as Supply Shortfall Bites
Australia’s housing-market momentum accelerated in August as demand from a growing population vacuumed up new supply and outweighed the impact of the central bank’s aggressive policy tightening campaign. #press
