Morgan Stanley Says ECB Rate Hikes Are Over
Morgan Stanley thinks the latest economic figures mean the European Central Bank will not hike interest rates any further. #press
What’s Behind a String of Scandals in Metals Trading?
A succession of scandals has shaken metals markets and reawakened concerns about the fragility of warehousing and shipping networks that play a critical role in the industrial economy. The latest incidents ensnared some of the world’s most prestigious trading houses and revealed... #press
Ukraine Will Be Rebuilt, Says US Ambassador to EU Gitenstein
US Ambassador to the European Union Mark Gitenstein discusses plans for the reconstruction process in Ukraine and makes the case for investing in the country with Maria Tadeo on “Bloomberg Surveillance Early Edition.” (Source: Bloomberg) #press
Bloomberg Markets Today 09/01/2023
Markets Today has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Tom Mackenzie, and Mark Cudmore. Today's guests: Paul Flood, Newton Investment Management Ltd Fund... #press
Philippine Water Firm Maynilad Mulls Up to $1 Billion IPO
Maynilad Water Services Inc. is considering an initial public offering in Manila that could raise $750 million to $1 billion, according to people with knowledge of the matter. #press
Gabon Bonds Rebound as Reduced Debt Burden Cushions Coup Impact
Gabon’s dollar bonds rebounded from a two-day slump as the country’s lowered debt-servicing burden helped to calm investors fretting over this week’s military coup. #press
Putin Aims to Control Prigozhin’s Military Operations
Russian President Vladimir Putin is moving quickly to take control of the sprawling military operations in Africa and the Middle East of Wagner mercenary chief Yevgeny Prigozhin following his ex-protégé’s death in a mysterious plane crash. Marc Champion reports on Bloomberg Television. (Source: Bloomberg) #press
Metalcorp Hit With London Greensill Suit as it Restructures Debt
Metalcorp Group SA was sued by the administrators of Greensill Capital (UK) Limited, as the metals and minerals group attempts to restructure its debts. #press
Russian LNG Flows to Europe Slump on Weaker Demand, Maintenance
Russian liquefied natural gas shipments to the European Union slumped last month due to plant maintenance and weaker demand, but exports could rebound if a cold snap this winter boosts consumption. #press
Next to Acquire Warburg Pincus Stake in Reiss for £128 Million
Next Plc has strengthened its control of UK fashion house Reiss, buying a 34% holding from US investment firm Warburg Pincus for £128 million ($162 million). #press
Roubini Says 10% Global Equity Correction Not Unlikely
Nouriel Roubini, chairman and CEO at Roubini Macro Associates, explains the conditions he sees that could lead to a correction in global equities in the second half of the year. He speaks on the sidelines of the Ambrosetti Forum in Cernobbio on Lake Como, Italy, on “The Pulse With Francine Lacqua.”... #press
BMW Gets Help From China for First Electric Mini Cooper Platform
BMW AG is unveiling a fully electric platform for its Mini brand as the automaker looks to leverage its popular three-door hatchback to compete with a range of smaller Chinese battery-powered vehicles pushing into Europe. #press
South African Factory Mood Beats Forecasts on Business Activity
A gauge measuring South African manufacturer sentiment increased more than expected in August, driven by a sharp jump in business activity. #press
The Weekly Fix: ‘Screaming Buy’ on the 10-Year Meets Skepticism
Welcome to the Weekly Fix, the newsletter that’s always screaming about something. I’m cross-asset reporter Katie Greifeld. #press
Gabon Coup: Junta Appoints Transitional President
The Gabon junta has appointed General Brice Nguema as transitional president and will swear him in on Sept. 4, after seizing power in the OPEC member on Wednesday. Jennifer Zabasajja reports on Bloomberg Television. (Source: Bloomberg) #press
Superdry Sinks to £22 Million Loss as Turnaround Flounders
Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. #press
El-Erian Says China's Measures Aren't Gaining Traction
Mohamed El-Erian, chief economic adviser at Allianz and a Bloomberg Opinion columnist, discusses the outlook for China's economy and efforts by Beijing to stimulate the economy and support its currency. He speaks on the sidelines of the Ambrosetti Forum in Cernobbio, Italy, with Francine Lacqua on... #press
Millennium Bets $320 Million Against Carlos Slim
Millennium Management is shorting the stock of America Movil SAB, the telecommunications giant controlled by Mexican billionaire Carlos Slim. #press
Italian Factories Start to Cut Workers as Industrial Woes Deepen
Italy’s factories have started to cut their workforce as the country’s manufacturing recession shows no sign of a let-up. #press
Russia Holds Early Voting in Occupied Ukrainian Territories
Russia has started early voting in occupied areas of Ukraine for regional elections deemed illegal under international law. #press
