Bloomberg
Yen Breaches 150 Per Dollar Again, Raising Intervention Risk
The Japanese yen briefly weakened beyond 150 against the dollar again in early Asian trading, keeping traders on guard against possible intervention from authorities Japan. Paul Dobson has more on Bloomberg Television.
Bloomberg
Maybank: Maintain Cash Buffer For Downside Protection
Maybank Group Wealth Management CIO Eddy Loh suggests investors maintain a cash buffer for downside protection and de-leverage the portfolio if necessary. He speaks with David Ingles and Haidi Stroud-Watts on "Bloomberg Markets: Asia".
Bloomberg
Powell Says Fed 'Proceeding Carefully' on Policy Path
Federal Reserve Chair Jerome Powell said, "given the uncertainties and risks, and how far we have come, the committee is proceeding carefully," as the US central bank considers the path of policy. Powell spoke Thursday to the Economic...
Bloomberg
Siemens Healthineers CEO Says China Decoupling Completed
Siemens Healthineers CEO Bernd Montag says the firm has ring-fenced its Chinese supply chain from other regions, a move intended to shield the company's operations from escalating trade and geopolitical tensions. Speaking exclusively to...
Bloomberg
JPMorgan Is 'Neutral' on Equities With Preference for US and Japan
Kerry Craig, global market strategist at JPMorgan Asset Management, discusses Treasury yields, US stocks, and the opportunities he sees in other markets. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
Bloomberg
Some Private Equity Firms Are Borrowing at as Much as 19%
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. The loans ...
Bloomberg
JPMorgan's Mangla: Indian IPO Market Will Gradually Open
Achintya Mangla, head of global equity capital markets at JPMorgan, discusses India's markets, the country's IPO pipeline and his outlook for China's economy. He speaks exclusively on Bloomberg Television from the sidelines of the...
Bloomberg
Larry Summers Says Fed Caught Up in Soft Landing 'Optimism'
Former Treasury Secretary Lawrence Summers says it is "more likely than not" that the Federal Reserve will be surprised by the persistence of higher inflation and weaker than expected economic growth. "I think that people are just a...
Bloomberg
UAW Members Continue Strike Against GM, Ford, Stellantis
Auto workers in the US continue to strike against General Motors Co., Ford Motor Co. and Stellantis NV as their union pushes for dramatic reset of the wage scales and working conditions. Keith Naughton reports on Bloomberg Television.
Bloomberg
Arm Opens 10% Above $51 IPO Price in Trading Debut
Bloomberg Intelligence Analyst Kunjan Sobhani joins Bloomberg's Sonali Basak to discuss Arm's IPO, with the stock rising as much as 15% in its trading debut after raising $4.87 billion in the year's biggest initial public offering. He...
Bloomberg
Evercore's Schlosstein on US Recession, Economic Uncertainty
Ralph Schlosstein, chairman emeritus at Evercore, discusses the chance of the US dodging a Recession, the risks of Federal Reserve policy, uncertainty on the US economy, and his view of M&A activity. He speaks on "The Pulse With Francine...
Bloomberg
First Look With Surveillance: Asia Currencies, Yellen
Dani Burger and Sonali Basak take you through what to watch today.
Press Association
We are committed to safety in our public finances, says Paschal Donohoe
A watchdog has warned the Irish Government not to “repeat past mistakes” as it argued that a large budgetary package is not needed this year. The Irish Fiscal Advisory Council (IFAC) has said that the Irish economy is in an “unusually...
Bloomberg
Borish: No More Rate Hikes in 2023
Peter Borish, Computer Trading Corporation CEO doesn't expect the Fed to raise rates for the remainder of 2023, but warns of deflationary pressures of higher rates.
Bloomberg
China Asks Citic to Examine Finances of Zhongrong
China has requested an examination of the books of Zhongrong International Trust Co. by two of the nation's biggest financial firms, potentially paving the way for a state-led rescue of the troubled shadow lender. Sofia Horta e Costa...
Bloomberg
Robertson Stephens' Garretty on US Economy
Jeanette Garretty, Managing Director and Chief Economist at Robertson Stephens, discusses her outlook for the US Economy and reviews Fed Chair Powell's speech at the Jackson Hole Economic Symposium. She speaks with Shery Ahn and Haidi...
Bloomberg
South Africa's Kganyago: Job 'Not Yet Done' on Inflation
South African Reserve Bank Governor Lesetja Kganyago says the central bank's efforts to reduce inflation are "not yet done," aiming to bring the rate back to the 4.5% midpoint of its target range. He speaks from the sidelines of the...
Bloomberg
SARB Not in 'Solid' Rate-Hike Pause, Deputy Governor Says
South African Reserve Bank Deputy Governor Fundi Tshazibana discusses the outlook for interest rates, inflation and the economy in an interview on Bloomberg Television.
Bloomberg
New Zealand Central Bank Says Mild Recession 'Bare Minimum' to Tame Inflation
Reserve Bank of New Zealand Governor Adrian Orr discusses monetary policy and the outlook for the economy. The central bank on Wednesday held its Official Cash Rate at 5.5% but raised its forward track slightly, indicating the risk of...
Bloomberg
Fed Minutes Show Officials Aren't Ruling Out More Hikes
"Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy," according to minutes of the US central bank's July 25-26 policy meeting published Wednesday in...
Bloomberg
Claro Advisors' Belanger on US Markets
Ryan Belanger, managing principal and founder at Claro Advisors, discusses his outlook and investment strategies on US markets. He speaks with Bloomberg's Paul Allen and Shery Ahn on "Bloomberg Daybreak: Australia."
Bloomberg
Argentina Awaits Results After Voting in Key Primary Election
Argentinians have cast ballots for a crucial primary election that will provide a barometer of expectations for the general vote in October. The elections are taking place as the South American nation faces high inflation and a likely...
Bloomberg
PBOC Chief Meets With Property Developers
The PBOC is saying it will increase funding support for the private sector. The new central bank governor is meeting with executives from the property industry. Jill Disis reports on Bloomberg Television.
Bloomberg
Fed Is Not in a Hurry to Start Cutting Rates: Chanana
"This knee-jerk reaction could probably have difficulty carrying on into the rest of the session." Charu Chanana, market strategist at Saxo Singapore, discusses the current state of markets, her investment strategy and where she's...