Gulf Investment Corp.'s Bertoni on US CPI
Raffaele Bertoni, Head of Debt Capital Market at Gulf Investment Corporation, discusses the latest US inflation data as core CPI picks up in August. He speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East and Africa". (Source: Bloomberg) #press
Nasser Saidi & Assoc's Prasad on Oil, Egypt Inflation
Aathira Prasad, Macroeconomics Director at Nasser Saidi & Associates, discusses her regional economic outlook. She speaks with Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East and Africa". (Source: Bloomberg) #press
Ralph Schlosstein Expects Second-Half Pickup in Markets
Evercore Chair Emeritus Ralph Schlosstein says an economic soft landing and a rebound in earnings are needed to justify the multiples in US stocks. He speaks on "Bloomberg Markets: The Close." (Source: Bloomberg) #press
Subprime-Focused Car Dealer U.S. Auto Sales Goes Bankrupt
U.S. Auto Sales Inc., a car dealer that catered to consumers regardless of their credit history, quietly filed for bankruptcy late last month as more Americans fall behind on their car payments. #press
Tech Leaders Discuss AI Policy in Closed-Door Senate Meeting
More than 20 tech and civil society leaders appeared at a closed-door Senate meeting to shape how artificial intelligence is regulated. Dominique Shelton Leipzig, privacy and cybersecurity partner at Mayer Brown, has advised on the global strategies for responsible data leadership for hundreds... #press
Summers Warns Soft Landing Chances Only 1-in-3, Stocks at Risk
Former Treasury Secretary Lawrence Summers warned against excessive optimism about the US being able to quell inflation without an economic downturn, and reiterated that the Federal Reserve will likely need to raise interest rates further. #press
Adani in Talks for $3.5 Billion, One of Top Asia Loans This Year
Adani Group is in talks with banks to refinance debt taken on to fund its purchase of Ambuja Cements Ltd, with lenders divided into three categories in what could be one of Asia’s largest syndicated loan deals of the year. #press
Oil Trader Gunvor Re-Enters Metals in Bet on Energy Transition
Oil trader Gunvor Group Ltd. is re-entering the metals business with the hire of veteran trader Ivan Petev. #press
De Beers Ends Lab-Grown Engagement Diamonds Foray as Prices Drop
De Beers decided to call time on offering lab-grown diamonds for engagement rings even as the man-made alternatives continue to cannibalize demand in one of the company’s most important markets. #press
Bloomberg Markets Today 09/13/2023
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: Henrik Johnsson, Deutsche Bank Co-Head of Investment... #press
Saudi Arabia’s Oil Squeeze Rekindles Talk of $100
The IEA sees a ‘significant supply shortfall’ while OPEC forecasts next quarter’s inventory drawdown will be the biggest in more than a decade. #press
Saudi Arabia’s Oil Squeeze Rekindles Talk of $100
The IEA sees a ‘significant supply shortfall’ while OPEC forecasts next quarter’s inventory drawdown will be the biggest in more than a decade. #press
The Pulse With Francine Lacqua 09/13/2023
The Pulse With Francine Lacqua is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Today's guests: Toril Bosoni, IEA Head of Oil Division Market; Jane... #press
US Five-Year Adjustable-Rate Mortgage Reaches Highest Since 2011
The average rate on a five-year adjustable mortgage jumped last week to the highest level in at least 12 years and fixed-rate mortgages also climbed, suggesting persistent housing affordability challenges. #press
Apple Launches iPhone 15
Richard Windsor, founder of Radio Free Mobile discusses the latest Apple iPhone. He speaks with Bloomberg's Yousef Gamal El-Din on "Bloomberg Daybreak: Middle East and Africa." (Source: Bloomberg) #press
How Country Garden Plays Into China’s Property Mess
China’s real estate crisis is showing no sign of abating, depriving the world’s No. 2 economy of one of its biggest growth drivers. Major developers like China Evergrande Group have already defaulted, while Country Garden Holdings Inc. posted a record loss in August and said it may default too. Risks... #press
Ghana Inflation’s Surprise Slowdown Eases Pressure for Rate Hike
Ghana’s inflation rate declined unexpectedly in August to a 10-month low, easing pressure on the central bank to keep raising borrowing costs. #press
Five Things You Need to Know to Start Your Day
Good morning. Soft core inflation is expected to guide Fed interest rates, BP chief executive resigns, and controversial technology underlies the $4.5 trillion carbon capture challenge. Here’s what’s moving markets. #press
UK Latest: Sharp GDP Decline Revives Risk of Recession
The UK economy shrank at the fastest pace in seven months in July as strikes and wet weather hit activity harder than expected, reviving fears that a recession may be under way. Mark Cudmore reports on Bloomberg Television. (Source: Bloomberg) #press
Rice Falls Further as Malaysia Seeks to Cut Reliance on Imports
Rice prices extended losses as buyers continued to juggle the fallout from India’s export restrictions, with Malaysia seeking to reduce its reliance on overall imports which make up more than a third of its needs. #press
