Month: July 2020

Jul.12 — Doreen Weisenhaus, senior lecturer and director of the Media Law and Policy Initiative at the School of Journalism, Media, Integrated Marketing Communications at Northwestern University, talks about the new security law China imposed on Hong Kong. Weisenhaus, who taught at the University of Hong Kong prior to joining Northwestern, speaks on “Bloomberg Markets: Asia” with Yvonne Man and Haslinda Amin. …read more […]

Jul.12 — Sylvia Lim, chair of Singapore’s opposition Workers Party, discusses the results of Singapore’s election, the gain of 10 seats by her party and the priorities for her party. She speaks exclusively on “Bloomberg Daybreak: Asia.” …read more […]

Stocks rose Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak. …read more […]

Stocks rose Friday as news about a potential coronavirus treatment increased hope for an economic recovery following the outbreak. …read more […]

As the final trading session of the week kicks off, stocks are turning to tech reports for direction this Friday morning. Also, the SP500 is in focus. …read more […]

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Jul.12 — Tensions between China and the U.S. are escalating with the Trump administration saying it’s “just getting started” on taking strong action against Chinese-owned social media apps. Bloomberg’s Jodi Schneider reports on “Bloomberg Daybreak: Asia.” …read more […]

Jul.12 — Hong Kong Legislative Council Member and Civic Party Leader Alvin Yeung discusses the voter turnout for the opposition party primaries in Hong Kong amid the coronavirus pandemic and why the democratic candidates are concerned over the upcoming election in September. He speaks on “Bloomberg Daybreak: Asia.” …read more […]

(Bloomberg) — Chinese biotech company Beigene Ltd. plans to raise $2.1 billion in a direct offering of 145.8 million shares to fund drug research and market its treatments in the U.S. and China, said the Nasdaq-listed company on Monday.The shares will be priced at $14.23 each, equivalent to a price of $185 per American Depository Share — 5.6% lower than its closing price on Friday. The offering is expected to close on or around July 15, said the company, whose shares are also traded in Hong Kong.Buyers in the share sale include investment firm Baker Bros. Advisors LP and American …read more […]

(Bloomberg) — Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to people familiar with the matter.The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalization of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office in the San Jose area. The deal could be announced as early as Monday, though discussions could still fall apart, said the people, asking not to be named discussing private negotiations.Representatives for Analog Devices and Maxim …read more […]

(Bloomberg) — Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to people familiar with the matter.The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalization of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office in the San Jose area. The deal could be announced as early as Monday, though discussions could still fall apart, said the people, asking not to be named discussing private negotiations.Representatives for Analog Devices and Maxim …read more […]

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […] …read more […]

Posted by OFX AUD – Australian Dollar The Australian Dollar is fractionally lower this morning against the US Dollar trading around 0.6950. The advance of the local currency seems to be stalling just ahead of a key resistance levels against the Greenback having failed to extend the weeks early uptick and push … Continue reading “Aussie dollar range bound amid growing COVID19 concerns”The post Aussie dollar range bound amid growing COVID19 concerns appeared first on . …read more […]

Jul.12 — Singapore’s ruling People’s Action Party retained a firm grip on power but suffered its weakest performance in 55 years in office in an election on Friday. Haslinda Amin reports on “Bloomberg Daybreak: Asia.” …read more […]

Jul.12 — Disney opened its Magic Kingdom and Animal Kingdom parks on Saturday, after a four-month shutdown and as a record number of new virus cases were reported in Florida. Josh D’Amaro, the chairman of Walt Disney Co.’s theme parks business, said he’s very happy with booking trends, both now and into next year. D’Amaro spoke to Bloomberg’s Emily Chang from the Magic Kingdom. …read more […]