Draghi to Map Out Strategy in EU’s ‘Whatever It Takes’ Competition Pledge
The European Union must do “whatever it takes” to keep its competitive edge as it pushes industry for a green transition, and has recruited Italy’s Mario Draghi to help map out the bloc’s strategy, the head of the EU’s executive arm said. #press
India’s Reserve Bank May Find Little Comfort in Easing Inflation
The Reserve Bank of India won’t lower its guard yet on last month’s weaker inflation pace as lingering weather concerns can lift prices again, according to economists. #press
China Cites Security Problems With Apple’s iPhone
China officials pointed to “security incidents” with iPhones in the government’s first comments on the topic following reports that authorities are looking to restrict the use of Apple Inc. products in sensitive departments and state-owned companies. Aggi Cantrill reports on Bloomberg Television. (Source:... #press
The ‘Peak Oil’ Sequel Comes With a New Twist
This Russo-Saudi co-production features demand instead of supply. Will it be a scary blockbuster, or flop like the original? #press
Seeing Signs of Stress in US Consumer: DiMartino-Booth
“We really are starting to see multiplying signs of stress in the consumer sector.” Danielle DiMartino Booth, chief executive officer and chief strategist at QI Research, discusses the US economy, oil prices and her outlook for the labor market. She speaks on Bloomberg Television. (Source: Bloomberg) #press
Five Things You Need to Know to Start Your Day
Oracle’s disappointing earnings led to a massive plunge. Apple fell after its event. Investors await Wednesday’s US CPI. Here's what you need to know today. #press
Deutsche Bank Scraps 60% of Trading Apps With Costs in Focus
Deutsche Bank AG decommissioned 60% of the underlying applications the firm uses to run its fixed-income trading business as it seeks to rein in costs. #press
RBNZ and New Zealand Treasury At Odds Over Double-Dip Recession
New Zealand’s central bank and Treasury Department are at odds over whether the nation needs another recession to get inflation under control. #press
Sorrento Stock Deal Emerges Days Before It Runs Out of Cash
Sorrento Therapeutics Inc., which filed for bankruptcy in February after suffering shortseller attacks for prematurely saying it had developed a cure for Covid-19, received court approval to sell a major stake in its publicly traded subsidiary. #press
China Property Jumps to Top Credit Risk in Bank of America Global Survey
Chinese real estate is now seen as the number one source for the next global credit event among investors surveyed by Bank of America Corp., even as President Xi Jinping’s government rolls out stimulus measures to stabilize the world’s second-largest economy’s ailing property... #press
Sen. Tuberville: There Is No Military Readiness Problem
Senator Tommy Tuberville, a Republican from Alabama, says there is no military readiness problem, even though he's been blocking military promotions for over six months. Tuberville speaks on "Balance of Power" about what it would take to clear up this blockade in Washington. (Source: Bloomberg) #press
Byju’s Hid $533 Million in Hedge Fund Once Run From Miami IHOP, Lenders Allege
One of India’s hottest tech companies, Byju’s, allegedly hid $533 million in an obscure three-year-old hedge fund that once said its principal place of business was an IHOP pancake restaurant in Miami, according to lenders trying to recover the cash. #press
Gundlach Fires Back at Gross: Hope He Feels Better About Himself
Jeffrey Gundlach brushed off a rebuke from retired “bond king” Bill Gross, who said the DoubleLine Capital founder wasn’t up to filling his shoes as the dominant force in the US fixed-income market. #press
Arjun Infrastructure Weighs Options as PE Industry Consolidates
Arjun Infrastructure Partners, a mid-market investment firm overseeing more than €5.5 billion ($5.9 billion), is exploring strategic options amid increasing consolidation in the private equity industry, people with knowledge of the matter said. #press
JetBlue Sheds Spirit Gates in Boston, Newark to Ease DOJ Worries
JetBlue Airways Corp. agreed to transfer some Spirit Airlines Inc. gates and flight slots at three airports to help lessen antitrust concerns over its pending acquisition of the low-cost carrier. #press
Surveillance: ‘Hold-Your-Breath Moment’ Puts Wall Street on Edge
CPI print tops a busy week of economic data ahead of Fed’s next meeting #press
Romania Taps International Markets For Funding as Higher Deficit Looms
Romania launched the sale of euro-denominated bonds Monday, its third move to tap the international markets for funding this year. #press
Moelis Taps BofA’s Renier to Boost Industrials, France Coverage
Moelis & Co. has hired Jean-Eudes Renier from Bank of America Corp. to strengthen its coverage of industrial companies and French firms, people with knowledge of the matter said. #press
T-Mobile Kicks Off Two-Part Bond Sale While Issuance Spree Roars On
T-Mobile US Inc. is tapping the US investment-grade bond market on Monday as blue-chip firms rush to raise fresh capital ahead of key inflation data later this week. #press
Bloomberg Surveillance: Early Edition 09/11/2023
Bloomberg Surveillance: Early Edition, live from London and New York, delivers the latest news and analysis on the markets with leaders in global finance and economics. Ann Katrin Petersen, BlackRock Investment Institute Senior Investment Strategist discusses yield forecasts and Lew Lukens, Signum Global Advisors... #press