Jan.20 — Ali El Adou, head of asset management at Daman Investments in Dubai, talks about Lebanon’s bonds and the opportunities he sees in the region’s markets. The yield on Lebanon’s next Eurobond to mature rocketed to more than 200% last week as the government’s prospects of avoiding a default diminished. Adou speaks with Manus Cranny and Yousef Gamal El-Din on “Bloomberg Daybreak: Middle East.” …read more […]
India’s imports of Middle Eastern oil plunged to a four-year low in 2019, tanker data obtained from sources shows, as the energy-hungry nation diversifies its supplies to cut costs and help shield itself from geopolitical tensions. India, the world’s third-biggest oil consumer, imports about 84% of its oil needs and traditionally relies on the Middle East for the majority of its supplies. India shipped in 2.68 million barrels per day (bpd) oil from the Middle East in 2019, down about 10% from 2018, and around 1.8 million bpd from elsewhere, the data reviewed by Reuters showed. …read more […]
Chinese tech giant Tencent Holdings said it will step up its investment overseas and in industries such as “smart retail”, having already invested in more than 800 companies. Tencent is known to have stakes in firms such as food delivery giant Meituan Dianping, e-commerce site Pinduoduo and video game companies such as Riot Games and Supercell. “Previously our traditional investment sectors were mostly focused on video games content and frontiers of science and technology,” Lau told a gathering of more than 500 Tencent-backed companies. …read more […]
Richard Edelman, CEO of Edelman, sits down with Yahoo Finance reporter Alexis Christoforous about the 20th anniversary of the Edelman Trust Barometer, its annual trust and credibility survey released at the World economic Forum in Davos. …read more […]
Japan’s Subaru Corp set a target on Monday for all the vehicles it sells worldwide to be electric by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.
Jan.19 — Takeshi Kasai, regional director for the Western Pacific at the World Health Organization, talks about the outbreak of a new SARS-like virus that’s killed two and sickened dozens in China. The surge in cases “is the result of increased searching and testing” for the novel corona virus among people sick with respiratory illness, the WHO said Monday. Kasai speaks on “Bloomberg Markets: Asia.” …read more […]
Japan’s Subaru Corp on Monday said it plans to electrify all its vehicles sold globally by the first half of the 2030s as part of its long-term goal to achieve a carbon-free society.
(Bloomberg) — ByteDance Inc. is preparing a major push into the mobile arena’s most lucrative market, a realm Tencent Holdings Ltd. has dominated for over a decade: games.Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.The world’s most valuable startup has rapidly built a full-fledged gaming division to spearhead its maiden foray into hardcore or non-casual games, according to people familiar with the matter. Over the past few months, ByteDance has quietly bought up gaming studios and exclusive title distribution rights. It’s embarked on a hiring spree and poached top …read more […]
Jan.19 — Selena Ling, head of treasury research and strategy at the global treasury division of Oversea-Chinese Banking Corp. in Singapore, talks about policies of Asian central banks, and the outlook for markets. She speaks with Juliette Saly and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]
Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the OPEC member to be cut to a trickle.
Jan.19 — Sebastian Hou, regional head of technology research at CLSA, discusses the challenges facing the Asian technology sector and his outlook for the market in 2020. He speaks on “Bloomberg Markets: Asia.” …read more […]
Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd.
Jan.19 — Oil is heading higher today after supply disruptions and instability in places like Libya and Iraq. Bloomberg’s James Thornhill speaks with David Ingles, Yvonne Man and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]
Moynihan did not provide a time frame in his interview for doubling the bank’s consumer market share. With deposits growing above the industry rate, a low risk loan portfolio and a strong balance sheet with billions in excess liquidity, the pieces were in place for the bank to continue taking market share, he told the FT. …read more […]
Jan.19 — Mo Ji, chief economist for Greater China at AllianceBernstein, talks about the Chinese economy and policies. China’s five year loan prime rate was set at 4.8% versus 4.8% in December, according to the central bank. Ji speaks with Yvonne Man, David Ingles and Tom Mackenzie on “Bloomberg Markets: China Open.” …read more […]
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