Trading Ideas
HNA's Borrowing Costs Surged to $5.1 Billion in 2017
Apr.29 — Bloomberg’s Prudence Ho reports on HNA’s borrowing cost surging to a record. She speaks on “Bloomberg Markets.” …read more […]
Year: 2018
Business News
China’s Baidu to sell majority of financial services unit for $1.9 billion
(Reuters) – China’s Baidu Inc said it will sell a majority stake in its financial services business for about $1.9 billion to a consortium led by TPG Capital Management LP [TPG.UL] and Carlyle Group LP, as it seeks funding to take on established fintech firms in China.
Trading Ideas
China’s Baidu to sell majority of financial services unit for $1.9 billion
The investment will give Baidu the heft it needs to narrow the lead that rivals Alibaba Group Holding Ltd and Tencent Holdings Ltd have taken in financial services, and help Baidu’s push to seek revenue streams outside its core internet search business. The deal comes at a time when China’s government is tightening regulations on the loans market to rein in shadow banking and push banks to cut bad debt. …read more […]
Trading Ideas
Tesla Earnings Preview: Elon Musk Has a Lot of Explaining to Do
Elon Musk keeps biting off more than he can chew at Tesla. Investors should be looking for some sign that his ambitions are becoming more realistic and practical. …read more […]
Trading Ideas
S. Korea to Remove Loudspeakers to Help Build N. Korea Trust
Apr.29 — The Heritage Foundation’s Peter Brookes weighs in on the improving relations between South and North Korea. He speaks on “Bloomberg Markets.” …read more […]
Trading Ideas
Twitter sold data access to researcher in Cambridge Analytica scandal
Facebook is clearly the company most affected by the Cambridge Analytica data …read more […]
Business News
Asian shares edge higher as tensions ease, earnings rise
SYDNEY (Reuters) – Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future.
Trading Ideas
Philippines makes ban on workers going to Kuwait permanent
Philippine President Rodrigo Duterte said Sunday that a ban on Filipino workers from heading to Kuwait that’s been in effect since February would now be permanent, inflaming a dispute sparked by complaints of the abuse of Filipina housemaids and workers in the Persian Gulf country. Kuwait on Wednesday expelled the Philippine ambassador and recalled its own envoy from Manila over the dispute. The highly unusual move came as a surprise in Kuwait, a typically sedate and oil-rich nation that has been both a long target of Duterte’s criticism and heavily reliant on Filipina nannies and maids. …read more […]
Business News
AMP chairwoman, legal counsel exit in wake of misconduct scandal
SYDNEY (Reuters) – AMP Ltd announced the resignations of its chairwoman and legal counsel, and slashed its directors’ fees by a quarter, as Australia’s largest listed-wealth manager tries to stem the fallout from damaging revelations of misconduct.
Trading Ideas
The Top 6 Value ETFs for Smart Investors
Bargain hunters should look closely at these exchange-traded funds. …read more […]
Trading Ideas
Charles Kupchan Says He's Skeptical About Trade and Iran Issue Relief
Apr.29 — Charles Kupchan, Council on Foreign Relations senior fellow, discusses trade war issues after U.S. President Donald Trump’s recent meeting with French President Emmanuel Macron and German Chancellor Angela Merkel. Kupchan speaks with Bloomberg’s Paul Allen on “Bloomberg Daybreak: Australia.” …read more […]
Business News
Canada stock market shutdown pushes investors to explore options
TORONTO (Reuters) – A rare outage at Canada’s major stock exchanges could dent the credibility of operator TMX Group Ltd and encourage investors to explore alternative trading channels, fund managers and traders told Reuters.
Trading Ideas
Hong Kong scrambles for talent in battle for Nasdaq's biotech crown
When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered. Hong Kong was an obvious financing center for a growing number of Chinese companies developing new drugs. …read more […]
Trading Ideas
US says crossing is full before caravan tries to seek asylum
A group of Central Americans who journeyed in a caravan to the U.S. border resolved to turn themselves in and ask for asylum Sunday in a direct challenge to the Trump administration — only to have U.S. … …read more […]
Business News
Hong Kong scrambles for talent in battle for Nasdaq’s biotech crown
HONG KONG (Reuters) – When Hong Kong unveiled plans last year to encourage biotech companies to list in the city by loosening listing rules, the financial industry and investors cheered.