Ending ‘Korea Discount’ a Key Goal, Top Financial Regulator Says
South Korea is determined to end a perennial discount of its stock market and create a system that encourages retail investors and companies to rely on equities to raise wealth and capital, the country’s top financial regulator said. #press
Singapore Sees Macro Uncertainty Impact on Property Sector: CNA
A Singapore minister cautioned that economic uncertainties will weigh on the country’s real estate industry, as home sales in the city-state show flagging demand. #press
Most Asia Stocks Eye Gains After US Shrugs Off CPI: Markets Wrap
Most stocks in Asia look set to rise after the S&P 500 closed at a fresh record, with traders sticking to bets on Federal Reserve rate cuts for this year despite hotter-than-expected inflation data. #press
Stock Investor With 1,900% Gain Breaks Long Silence in Japan
For almost three decades, Stephen Butt’s company mostly stayed behind the scenes, a long-term investor in the tradition of Warren Buffett that saw little reason to draw attention to itself. #press
ArcelorMittal Buys $1.04 Billion Equity Stake in Vallourec
ArcelorMittal SA agreed to buy an equity stake worth $1.04 billion (€955 million) in tubular steel company Vallourec SA as it seeks to boost its exposure to more value-added products. #press
Coinbase Global Plans to Offer $1 Billion in Convertible Notes
Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to offer $1 billion in convertible senior notes to repay existing debt and for general corporate purposes. #press
How a Physics Whiz Made a Killing Betting on Nature’s Catastrophes
Investing in catastrophe bonds was the most profitable hedge fund strategy of 2023. John Seo used his physics background to develop a winning formula for his fund, Fermat, in a market that’s booming thanks to climate change and inflation. #press
https://www.bloomberg.com/features/2024-catastrophe-bonds-fermat/?utm_source=press.coop
San Francisco Mayor Candidate Wants Tax Breaks to Lure Tech
Mark Farrell, running in San Francisco's Mayoral race, wants to offer tax breaks to bring tech firms back to the city. Farrell spoke to Bloomberg Television's Ed Ludlow on the day he unveiled a package of policies he hopes will fix the City's problems. (Source: Bloomberg) #press
S&P 500 Notches New All-Time High | Beyond the Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Alix Steel, Scarlet Fu, Carol Massar and Tim Stenovec. (Source: Bloomberg) #press
Bloomberg Markets With Sonali Basak 03/12/2024
"Bloomberg Markets" follows the market moves across every global asset class and discusses the biggest issues for Wall Street. Guests include: Neuberger Berman Global Head of Alternatives Tony Tutrone, and Eli Lilly Chairman, President, CEO, Dave Ricks (Source: Bloomberg) #press
Labour's Rachel Reeves Responds to Jeremy Hunt's Budget
"They've had five prime ministers, seven chancellors, 12 different growth plans"
The UK government's attempts to boost the country's economy are "frankly not working," says Labour's Rachel Reeves as she responds to Jeremy Hunt's budget (Source: Bloomberg) #press
Snap-On CEO: Supply Chain Issues Are in Rear-View Mirror
Snap-On Inc. CEO Nick Pinchuk discusses the current macroeconomic environment with Alix Steel and Romaine Bostick on Bloomberg Television. (Source: Bloomberg) #press
ECB in Broad Agreement to Cut Rates in Spring, Villeroy Says
There’s broad agreement at the European Central Bank to begin lowering interest in the spring as the battle against inflation is being won, according to Governing Council member Francois Villeroy de Galhau. #press
Citigroup's Nathan Sheets on the CPI Report
Citigroup's Nathan Sheets speaks with Alix Steel and Romaine Bostick about the CPI data released today. (Source: Bloomberg) #press
Jury’s Out on Path of Fed Rates, Pimco’s Cudzil Says
Pimco Senior Bond Portfolio Manager Mike Cudzil says inflation is not coming down in a straight line and explains where he is finding the most value in the fixed-income market. #press
Citadel’s Griffin Says Fed Should Go Slow to Avoid ‘Devastating Course’
Citadel founder Ken Griffin said the Federal Reserve should move slowly in lowering interest rates to avoid the possibility of having to reverse course later. #press
Risk Appetite in Bitcoin Spurs ‘Enormous’ Leveraged ETF Flows
Demand for the investment vehicles that offer leveraged exposure to Bitcoin is soaring as the digital asset hits record highs. #press
US Budget Gap Hits $828 Billion in Five Months on Interest Costs
Interest costs continued to drive the US budget deficit wider in February, pushing the federal government’s overall gap to $828 billion for the first five months of the fiscal year. #press
Rent The Runway Pledges $1M to Celebrate Women's Career Wins
Rent the Runway, a platform where customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands, is gifting $1 million in free subscriptions throughout this Women's History Month to women who have recently reached a new milestone in their careers such as a promotion, new... #press
Boeing’s Calamities Push Stock to Its Widest Gap With Airbus Ever
As the troubles faced by Boeing Co. deepen and reverberate through the airline industry, the planemaker is falling even further behind its biggest competitor, Airbus SE. #press
