New Rising Stars Are Powering Gulf’s $50 Billion Spending Spree
Oil-rich Gulf monarchies are channeling more international deals via state-backed firms instead of the region’s sovereign wealth funds, as they seek to diversify their economies and win more global heft. #press
Five Things You Need to Know to Start Your Day
Get up to speed with what the markets are monitoring #press
Swedish Home Buyers Cancel Bookings on New Houses at Record Rate
Swedish households are increasingly pulling out of reservations to buy new-build homes as the housing market has cooled rapidly and demand for new developments dwindles. #press
Bloomberg Markets: China Open 09/01/2023
"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 that... #press
Spam Call Filter Firm Is Rare Beneficiary of Fukushima Furor
China’s fury over Tokyo’s decision to discharge treated wastewater from the Fukushima nuclear plant is producing a rare beneficiary among Japanese stocks as tensions heighten. #press
Services Sector Fuels India’s Growth
The services side of India’s economy has helped propel growth to the fastest rate in a year. GDP is up 7.8% in the three months to June from a year ago. Ruchi Bhatia reports on Bloomberg Television. (Source: Bloomberg) #press
HSBC on China Investor Interest in ASEAN
Yun Liu, ASEAN Economist at HSBC, says Chinese investors have been accelerating their foreign direct investment footprint in ASEAN. She discusses with Rishaad Salamat and Yvonne Man on "Bloomberg Markets Asia". (Source: Bloomberg) #press
Prabhudas Lilladher: India Mid-caps Will Rule The Game
Prabhudas Lilladher Group Chairperson & MD Amisha Vora says the breadth of India's markets is amazing and mid-caps will continue to rule the game. She speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg) #press
Societe Generale on Cutting China GDP Forecast
Michelle Lam, Greater China Economist at Societe Generale, discusses the latest China stimulus measures and explains to Yvonne Man why her team has lowered its 2023 GDP growth forecast for the country to 4.8 percent. She speaks with Yvonne Man on "Bloomberg Markets China Open". (Source: Bloomberg) #press
Pendal Group on Fixed Income Strategy
Amy Xie Patrick, Head of Income Strategies at Pendal Group, says easy money is in risky assets for now. She speaks with Yvonne Man on "Bloomberg Markets China Open". (Source: Bloomberg) #press
ARI's Mahbubani On Singapore's Presidential Election
Asia Research Institute Distinguished Fellow Kishore Mahbubani discusses what is at stake in Singapore's first contested presidential election in over a decade. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg) #press
K2's Boubouras: Underweight EU & EM Stocks, Particularly China
K2 Asset Management MD & Head of Research George Boubouras says he is underweight EU and emerging market equities, particularly China. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia". (Source: Bloomberg) #press
Why Putin Is Worried About Russia’s Volatile Ruble
The ruble has slumped so severely this year that Russian President Vladimir Putin issued a rare verbal intervention, telling the central bank and government to work together to halt outflows and ease volatility in financial markets. The currency, among the worst performers in emerging markets in 2023,... #press
Banks Get Tough on Return-to-Office Laggards After Summer Break
Three years on from the onset of the coronavirus pandemic, Wall Street is still working on cajoling staffers back to the office. #press
Chevron LNG Workers Reject Pay Offer, Opening Way for Talks
Employees at two Chevron Corp. liquefied natural gas facilities in Australia voted down the company’s pay package proposal, according to a union body, opening the way for a resumption of talks in the standoff that threatens global supply. #press
Foreigners Snap Up India Stocks While Fleeing Most EMs in August
Indian equities stood out in August as foreign investors sold stocks in almost every other Asian emerging market, thanks to the nation’s strong corporate earnings performance and its growing appeal as an alternative to China. #press
Fresh Troubles See Adani Stocks Cap Worst Month Since February
New allegations over governance issues at India’s Adani Group put the brakes on a recovery in the conglomerate’s market value from carnage in the wake of short-seller Hindenburg’s report earlier this year. #press
Bloomberg Markets: The Close 08/31/2023
Katie Greifeld & Vonnie Quinn 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 US payrolls report tomorrow, UBS smashes banking record and New Jersey Transit Union votes to strike with walk-off risk months away. Guests Today: Quincy... #press
Bloomberg Daybreak: Asia 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. Today's guests: BitWise Asset Mgmt Chief Compliance Officer Katherine Dowling, EPFR Director of Research Cameron Brandt, BNP Paribas APAC Equity Strategist... #press
Metals Rally After China Bolsters Moves to Halt Economy’s Slide
Metals extended this week’s gains after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector. #press
