Year: 2019

Nov.17 — Richard Harris, chief executive officer at Port Shelter Investment Management, discusses the U.S.-China trade talks and his outlook for the negotiations and the markets. He speaks on “Bloomberg Markets: Asia.” …read more […]

Nov.17 — Richard Harris, chief executive officer at Port Shelter Investment Management, discusses the U.S.-China trade talks and his outlook for the negotiations and the markets. He speaks on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg Opinion) — Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the most closely watched of the “distressed dozen” cases has finally been resolved.With the Supreme Court in New Delhi clearing the decks for the sale of Essar Steel India Ltd., the Ruia family has accepted defeat. Control of the 10 million-tons-a-year integrated plant in western India will pass to ArcelorMittal, which will pay banks 420 billion rupees ($5.9 billion), or 90% of their claims.This final episode of a drawn-out legal saga, in which …read more […]

The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. …read more […]

(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.China lowered the cost it charges on short-term open-market operations for the first time since October 2015, a move aimed at shoring up confidence following a string of poor economic data.The People’s Bank of China cut the interest rate on its seven-day reverse repurchase agreements to 2.5% from 2.55% on Monday. The authorities also added 180 billion yuan ($26 billion) of cash into the financial system via open market operations, helping to alleviate liquidity concerns.The yield on …read more […]

Asian shares blipped higher on Monday after Beijing surprised markets by trimming a key interest rate for the first time since 2015, stirring speculation that more stimulus was on the way for the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan also moved 0.3% higher. Japan’s Nikkei added 0.38%, and was just short of its recent 13-month top. …read more […]

Nov.17 — Lindsey Ford, foreign policy fellow at the Brookings Institution, talks about the protests in Hong Kong. Police moved to clear protesters at a university in Kowloon after a weekend standoff, leading to dramatic scenes with smoke billowing from multiple fires at the campus as the work week kicked off. Ford speaks with Yvonne Man and Tom Mackenzie on “Bloomberg Markets: China Open.” …read more […]

Nov.17 — Former Democratic Party Chairperson Emily Lau discusses the unrest in Hong Kong and how she sees it resolving. She speaks on “Bloomberg Daybreak: Asia.” …read more […]

The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E’s aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company’s product creation process that he has tried to explain to …read more […]

The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E’s aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company’s product creation process that he has tried to explain …read more […]

The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E’s aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company’s product creation process that he has tried to explain to …read more […]

(Bloomberg) — Ford Motor Co. is reinventing one of its marquee models — the Mustang muscle car — as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.In a splashy ceremony Sunday ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with distinctive pony-car haunches and familiar shark nose that it claims has the power to take on Porsche. When it goes on sales next fall, Ford hopes to convince mainstream buyers its electrified Mustang is an alternative to the Tesla …read more […]