Narrow Dodge: The Bloomberg Open, Americas Edition
Good morning. Chinese builder Country Garden dodges default but fresh data adds to economic concerns. In the US, recession warnings dim but stock traders may be too confident. And Arm files for its IPO. #press
Lufthansa CEO Tells Automakers to Keep Their Hands Off Synthetic Aviation Fuels
Airlines will need all of the world’s synthetic aviation fuel, meaning there won’t be any left for cars, the head of Europe’s biggest airline group told Germany’s automakers. #press
The Women Astronauts Who Shattered The Glass Ceiling (Podcast)
Source: Bloomberg, 27:55 #press
Second Place For China, a $1.3 Trillion Problem, and More
Source: Bloomberg, 6:05 #press
Averting Default: The Bloomberg Close, Asia Edition
Good afternoon. Here’s what you need to know to end your day. #press
China GDP 'May Never' Top US & A Hot Mic Moment (Podcast)
Source: Bloomberg, 16:47 #press
Axiata, Sinar Mas Revive Talks for Indonesian Unit Deal, Sources Say
Malaysia’s biggest wireless carrier Axiata Group Bhd. and Indonesian conglomerate PT Sinar Mas Group have revived talks that could lead to a merger of their telecommunications operations in Indonesia, according to people familiar with the matter. #press
Biggest Mini-Grid Owner in Africa, Asia Sets $500 Million Target
Husk Power Systems, owner of the largest fleet of mini-grids in Africa and Asia, has set a target of erecting solar-powered mini-grids in six African nations to bring electricity to 7.7 million people and more than 200,000 small businesses within five years. #press
Singapore Exchange’s Veteran ECM Head to Leave as Unit Revamps
Singapore Exchange Ltd.’s global head of equity capital markets is departing as the bourse merges the unit with its debt capital markets and corporate client coverage divisions. #press
Singapore Central Bank Chief Menon to Retire; Chia Is Successor
Ravi Menon, the Monetary Authority of Singapore’s longest-serving chief, will to leave the central bank at the end of the year and will be succeeded by Chia Der Juin. #press
New Ukrainian Def. Minister, China Australia Relations, and More
Source: Bloomberg, 3:58 #press
Softbank Lines Up Arm Investors, Latest on Country Garden
Source: Bloomberg, 15:60 #press
Country Garden Has Wired Ringgit Bond Coupon
Distressed Chinese builder Country Garden Holdings Co. has wired a coupon payment coming due on a ringgit-denominated bond, according to people familiar with the matter, in its latest effort to avoid default. #press
Biden Surveys Idalia Damage, Proud Boys Sentenced, and More
Bloomberg News Now #press
https://www.bloomberg.com/news/articles/2023-09-03/bloomberg-news-now?utm_source=press.coop
Italy May Accelerate the Sale of Its Stake in Monte Paschi
Italy may accelerate the planned sale of a stake in Banca Monte dei Paschi di Siena SpA to boost cash inflows as growth slows, according to Foreign Minister Antonio Tajani. #press
Every Car on the Road Looks the Same. That Wasn’t Always the Case
A new book details the best, worst and wackiest designs from the likes of BMW, Cadillac, Mercedes-Benz and more. #press
Tech, Consumer Stand Out as China Earnings Revival Hopes Grow
China’s tech and consumer earnings stood out in an otherwise disappointing results season, emerging as pockets of resilience that can help equity markets turn a corner as stimulus measures kick in. #press
Biden to Florida, August Jobs Report, and More
Source: Bloomberg, 4:23 #press
Daybreak: US Payrolls Beat Boosts Futures (Podcast)
Source: Bloomberg, 2:29 #press
Jobs Report. Biden Seeks More Disaster Funds, and More
Source: Bloomberg, 6:03 #press