Making Sense of China’s Property Sector and Stimulus
Kevin Liu, managing director and strategist at CICC Research, discusses China’s stimulus measures for the property sector, investor sentiment and his outlook for markets. He speaks on Bloomberg Television. (Source: Bloomberg) #press
Philippine Stocks Wipe Out $20 Billion in Value as Growth Slows
Philippine equities investors absorbed their worst monthly loss in almost a year with the benchmark index shedding 6.3% in August, marking the steepest decline among Southeast Asia’s benchmarks. #press
China Cuts Forex Reserve Ratio in Bid to Support Yuan
China reduced the amount of foreign currency deposits banks are required to old as reserves for the first time this year. Michael Wilson reports on Bloomberg Television. (Source: Bloomberg) #press
China Ramps Up Campaign to Boost Fragile Economy, Currency
China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist. #press
China Cuts Forex Reserve Ratio in Bid to Support Weakening Yuan
China reduced the amount of foreign currency deposits banks are required to hold as reserves for the first time this year, in a more visible step to prop up the under-pressure yuan. #press
Here’s Everything China Is Doing to Save Its Property Market
China unleashed a slew of measures to halt a slide in the country’s residential property and shore up its ailing economy. #press
China's Property Sector Needs to Shrink, Economist Andy Xie Says
"The issue is that the property sector is too big and needs to shrink." Andy Xie, a Shanghai-based independent economist, discusses the prospects for the Chinese economy, the challenges it faces, and the government's efforts to support growth. He speaks with Haidi Stroud-Watts and Shery Ahn... #press
Country Garden Delays Yuan Bondholder Voting Deadline Again
Country Garden Holdings Co. is delaying a deadline again for the holders of a yuan bond to vote on several proposals regarding the note repayment, in its latest struggle to avoid what would be its maiden bond default. Jill Disis reports on Bloomberg Television. (Source: Bloomberg) #press
China Cuts Down Payments in Property Stimulus Drive
China moved to allow its largest cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing mortgages in its latest attempt to halt a slide in the country’s residential property market. Jill Disis reports on Bloomberg Television. (Source: Bloomberg) #press
BNP Paribas: Moved Away From Chinese Banks Into Insurers
Manishi Raychaudhuri. Asia Pacific equity strategist at BNP Paribas, shares his views on Chinese stocks, the economy and the real estate market. He also discusses Federal Reserve policy and its market implications. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."... #press
China’s Major Banks Cut Deposit Rates to Protect Profitability
China’s major banks made a coordinated cut in deposit rates for the third time in a year, as lenders move to protect business profitability amid government policies aimed to boost consumption and demand. #press
Bloomberg Daybreak: Australia 09/01/2023
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
Balance of Power 08/31/2023
"Balance of Power" focuses on the intersection of politics and global business. On the show today, Sabato's Crystal Ball Managing Editor Kyle Kondik talks about the rising age of Congress and why the trend shows no signs of slowing down, and UCLA Professor of Management, Maggie Delmas talks about Hurricane Idalia and why countries need to focus on... #press
Bitwise AM's Dowling on Bitcoin ETF Outlook
Katherine Dowling, General Counsel and Chief Compliance Officer at Bitwise Asset Management, discusses her views on the recent the US appeals court's decision to overturn the SEC's blocking of Grayscale's proposed spot Bitcoin exchange-traded fund. She speaks with Shery Ahn and Haidi Stroud-Watts on "Daybreak Asia".... #press
Oil Heads for Solid Weekly Gain as Russia to Extend Export Cuts
Oil headed for a weekly gain after Russia signaled that it would extend export curbs and US inventories dropped further. #press
Philippines’ Marcos Approves Rice Price Ceilings Nationwide
Philippine President Ferdinand Marcos Jr. approved a proposal to impose ceilings on rice prices across the country, his comunications office said on Friday. #press
Northern Trust's Tannenbaum on US Economy
Carl Tannenbaum, Chief Economist at Northern Trust, discusses his outlook for the US economy and says he sees the Fed nearing its peak of the current tightening cycle. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia". (Source: Bloomberg) #press
The Circuit Episode 112 - Modern Love Changes Fast. Can Bumble Keep Up?
In this episode of The Circuit, Bloomberg’s Emily Chang meets with Bumble CEO and founder Whitney Wolfe Herd to talk about what it takes to truly create a safer space for women to date online. Wolfe Herd discusses what she learned from her experience at Tinder and how AI could usher in a new... #press
Trump Under Oath: Assets Are ‘Mona Lisas,’ His Name Worth $3 Billion
On April 13, Donald Trump sat down with New York Attorney General Letitia James and answered questions under oath for seven hours as part of the state’s civil fraud lawsuit accusing him of inflating the value of his assets by $812 million to $2.2 billion a year. #press
Fortescue Executive Exit Gathers Pace as Debelle Steps Down
Fortescue Metals Group Ltd., the world’s fourth-largest iron ore miner, is being hit by an executive exodus, with former Reserve Bank of Australia deputy governor Guy Debelle becoming the third to resign this week. #press
