Wealth Manager Fidelis Hires Bank of America Exec to Oversee Bond Investing
Christopher Gunster brings more than 30 years of industry expertise to the Tampa-based investment firm #press
India’s OPC Mulls Debt Security Sale Linked to Reliance Retail
Indian leasing company OPC Asset Solutions Pvt Ltd is in talks to issue debt securities in a structured credit deal for as much as 50 billion rupees ($603 million) involving Reliance Retail Ltd, according to people familiar with the matter. #press
South Sudan Walks Back Plan to Take Over Oil Fields by 2027
South Sudan needs more investment before it can take over oil fields from private operators and should renew contracts with the companies that expire in 2027, according to a national planning body. #press
Citi Economists Say US Recession Might Be 'Pushed Out'
Citigroup Global Equity Strategist Beata Manthey says economists at the bank still expect a US recession at the start of next year, but "the strength of the current macroeconomic data pushes it a little bit." She speaks with Bloomberg's Francine Lacqua on "The Pulse." (Source: Bloomberg) #press
Room for UK Tax Cut ‘Unlikely’ in Autumn Statement: Hunt
UK Chancellor of the Exchequer Jeremy Hunt explains why he sees little headroom for tax cuts in the autumn statement, saying, “our priority is to bring down inflation.” He speaks with Bloomberg’s Haslinda Amin. (Source: Bloomberg) #press
US Solar’s Extraordinary Boom Brings Growing Pains
Higher interest rates make projects more expensive, and the surge in development prolongs the wait for grid connections. #press
Too Soon to Say We're in Stagflation Framework, EU's Gentiloni Says
While it’s economy is weakening, Europe isn’t suffering from so-called stagflation, according to European Commissioner Paolo Gentiloni. “It’s too soon to say that we’re in a stagflation framework,” Gentiloni, who’s responsible for economic matters, told Bloomberg TV. (Source: Bloomberg) #press
UK’s Hunt: ‘Real Political Momentum’ on India Trade Deal
UK Chancellor of the Exchequer Jeremy Hunt says the UK “won’t sign anything in a hurry and nor will India, it has to be right for both sides,” as he discusses progress made on a free trade agreement between the nations. He speaks with Bloomberg’s Haslinda Amin. (Source: Bloomberg) #press
Duterte Being Urged by Ex-President Arroyo to Return to Politics
Rodrigo Duterte, the former Philippine leader who pivoted the country’s foreign policy closer to China during his term, is being encouraged by former President Gloria Macapagal-Arroyo to come out of retirement and return to politics, according to Duterte’s aide. #press
EU’s Gentiloni Plays Down Stagflation Scenario for Europe
While its economy is weakening and consumer-price gains remain elevated, Europe isn’t suffering from so-called stagflation, according to European Commissioner Paolo Gentiloni. #press
Bloomberg Markets Today 09/11/2023
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 and Mark Cudmore. Today's guests: Alexander Morris, F/M Acceleration LLC President/CIO/Portfolio Manager;... #press
Citi Taps Lekkas, Frowein to Run Continental Europe Advisory
Citigroup Inc. has named new co-heads of its banking, capital markets and advisory division for continental Europe. #press
Five Things You Need to Know to Start Your Day
Good morning. The mighty US consumer could be about to buckle, Biden says China is distracted from Taiwan, and Volkswagen feels the heat. Here’s what’s moving markets. #press
First Look With Surveillance: Asia Currencies, Yellen
Dani Burger and Sonali Basak take you through what to watch today.
(Source: Bloomberg) #press
Goldman and JPMorgan Diverge on Zloty Outlook After Rates Drama
Two of Wall Street’s biggest investment banks are diverging on their outlooks for Poland’s zloty after a surprise interest-rate cut sparked the worst week of selling since Russia’s invasion of neighboring Ukraine. #press
Morgan Stanley’s Wilson Likes Late-Cycle Defensive Portfolio
Investors should focus on a “late-cycle portfolio” of defensive stocks, industrials and energy, according to Morgan Stanley strategists led by Michael Wilson. #press
Volkswagen, Germany Fall Behind in China EV Race
Volkswagen AG is facing heavy competition in China’s EV market from BYD Co., Nio Inc., and other local brands, as the automaker struggles to regain the position it held in the market pre-pandemic. Oliver Crook has the details in today’s “Big Take” on Bloomberg Television. (Source: Bloomberg) #press
ECB Rates: Hike-or-Pause Dilemma Going Down to Wire
As the European Central Bank meets this week to decide it's next move on interest rates, a Bloomberg survey shows an almost even split between those anticipating a 10th consecutive hike on Thursday and those anticipating a “hawkish pause” before the deposit rate reaches a record 4% in October. Maria Tadeo... #press
Tata’s Jewelry Arm Is in Talks for $362 Million Debut Rupee Bond
Tata Group’s unit Titan Co. is in early talks with banks as it mulls selling its first ever local-currency bond for 30 billion rupees ($362 million), according to people familiar with the matter. #press
China’s Yuan Rallies Off Recent Lows on Record Strong Fix Signal
The yuan climbed from a 16-year low as China started the week on the offense, sending another forceful signal with the reference rate for the managed currency and urging state banks to support it. #press
