Country Garden Avoids Default With Last-Minute Coupon Payments
Chinese developer Country Garden Holdings Co. has paid coupons on two dollar bonds within grace periods, avoiding its first default. Kevin Kingsbury reports on Bloomberg Television. (Source: Bloomberg) #press
Bloomberg Daybreak: Middle East & Africa 09/05/2023
Daybreak Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong... #press
Adyen Plans Investor Day in November After $23 Billion Wipeout
Dutch payments processing firm Adyen NV plans an investor day in November to assuage concerns, more than two weeks after disappointing revenue growth led to a selloff in the shares. #press
High Price of Oil Is Not Good for Indonesia: Ariadji
“High oil prices are a big burden for the financial balance of the country.” Indonesian Energy and Mineral Resources Deputy Minister Tutuka Ariadji discusses oil and gas prices, their impact on the country’s economy and investing in the LNG sector. He speaks exclusively on Bloomberg Television from the... #press
Europe’s Real Rates Fuel Speculation Over Faster ECB Bond Runoff
Speculation is mounting the European Central Bank will shrink its bond portfolio at a quicker pace to ensure it keeps financing conditions tight as the end of its rate-hiking cycle approaches. #press
Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout
Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund conducts the first review of its $3 billion loan program. #press
Foreign Funds Reverse $17 Billion Record Exodus in India Stocks
Foreign funds reversed their record exodus from Indian stocks as the country’s appeal as an alternative to China grows, boosting valuations for its equity market to a new peak. #press
India Has Become a Beacon of Macro Stability: Chinoy
“India has become a beacon of macro stability.” Sajjid Chinoy, chief India economist at JPMorgan, discusses India’s economy and the upcoming G-20 and inflation in the country. He speaks on Bloomberg Television. (Source: Bloomberg) #press
Debt Crisis Threatens to Engulf China’s Surviving Developers
China’s housing crisis has engulfed the country’s private developers, producing record waves of defaults and leaving a shrinking group of survivors. #press
JPMorgan Sees City of London Office Values Falling 20% This Year
Office buildings in London’s financial district will lose a fifth of their value in the year through March, said JPMorgan Chase & Co. analysts, who stopped recommending clients buy shares of The British Land Co. Plc. #press
Paschi Drops With Investors Worried About Government’s Sale Plan
Banca Monte dei Paschi di Siena SpA was the lead decliner on the Italian stock benchmark index amid concern by analysts and investors about the lack of a clear strategy for the state’s sale of its stake. #press
Ukraine's Zhovkva on Reshuffle, Grain Deal
Ihor Zhovkva, Chief Diplomatic Adviser to Ukrainian President Volodymyr Zelenskiy, praised the work of former Defense Minister Oleksii Reznikov after he submitted his resignation in the most significant reshuffle to Zelenskiy's cabinet since the war started. Zhovkva spoke with Bloomberg's Maria Tadeo and also discussed the... #press
China Mulls Tougher Rules on Commodity Trading For Key Firms
China has proposed tougher-than-expected rules on commodities trading by its state-owned giants, as Beijing seek to tackle hidden risks in the world’s biggest raw materials market. #press
Veteran Oil Consultant Says $100 Oil Is in Sight as China Takes to the Skies
Oil prices still have upside from here because of booming travel in China and restricted supply from OPEC+, according to Gary Ross, a veteran oil consultant turned hedge fund manager at Black Gold Investors LLC. #press
Trafigura Says ‘Fragile’ Oil Market May Be Prone to Price Spikes
Major commodities trader Trafigura Group says oil prices could spike as higher interest rates and underinvestment squeeze the market. #press
Asia Stocks Look Set to Advance Amid US Holiday: Markets Wrap
Asian stocks looked set for modest gains as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday. #press
China’s Fury Over Fukushima Water Casts Shadow on Asean Forum
China’s outrage over Japan’s release of treated wastewater from the crippled Fukushima nuclear plant has dimmed prospects for improved ties when top officials of the two countries meet this week. #press
Biden ‘Disappointed’ If Xi Plans to Skip G-20 Summit in India
US President Joe Biden said he was disappointed about reports his Chinese counterpart, Xi Jinping, plans to skip the G-20 summit in New Delhi this week. #press
Niger Demands French Troops, Envoy Depart as Deadlines Pass
Thousands of protesters gathered outside a French army base in Niger’s capital Niamey over the weekend as a deadline for the foreign forces to leave was set to expire. #press
BMW Gets Help From China for First Electric Mini Cooper Platform
BMW 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. The new generation of the Mini Cooper EV will be on display at next... #press
