No Picture
Trading Ideas

China’s Stressed Borrowers Face Wall of Debt Due in March

(Bloomberg) — China’s most stressed dollar debtors face a major test of their financing capacity next month, with over a tenth of all bonds coming due just as the nation grapples with the economic impact of a virus that continues to spread.About $2.1 billion of offshore notes with yields of at least 15% — characterizing them as stressed — are due in March, the biggest monthly maturity wall this year, according to data compiled by Bloomberg. Most were sold by property developers, an industry that’s been hard hit with China’s transport system hobbled and much of the economy in an …read more […]

No Picture
Trading Ideas

‘Parasite’ Wins Oscar for Best Picture as Netflix Comes Up Short

(Bloomberg) — The South Korean comedy “Parasite” captured the Oscar for best picture of 2019, making history as the first foreign language film to win Hollywood’s most-coveted award.Bong Joon Ho, who made the film, was crowned best director Sunday at the 92nd Academy Awards in Hollywood, another first. His film also captured Oscars for best original screenplay and top international picture.The victory was a defining moment in the globalization of Hollywood, which had previously favored homegrown films over foreign-language fare. With Asian directors increasingly grabbing the spotlight — and the region poised to be home to the world’s No. 1 …read more […]

No Picture
Trading Ideas

Iraqi officials: US will grant vital Iran sanctions waiver

The United States has signaled to Iraq its willingness to extend sanctions waivers enabling the country to continue importing vital Iranian gas and electricity imports, three Iraqi officials said this week, a move that would be a key test of Baghdad-Washington ties. The decision comes amid strained U.S.-Iraqi ties following last month’s Washington-directed airstrike in Baghdad that killed a high-profile Iranian general and a senior Iraqi militia leader. The three officials said the U.S. State Department, which issues such waivers, has conveyed its readiness to extend the waiver for another three months — if Iraq is able to …read more […]

No Picture
Trading Ideas

Coronavirus Death Toll Climbs to 910

Feb.10 — The global death toll from the coronavirus outbreak has reached 910 as we enter what many experts see as a crucial period in determining the trajectory of the virus’ spread. Bloomberg’s Yvonne Man and Selina Wang report on “Bloomberg Markets.” …read more […]

No Picture
Trading Ideas

Samsung unveils new foldable phone in surprise ad during the Oscars

Samsung Electronics, the world’s top smartphone maker, gave a glimpse of new square-shaped foldable phones in a surprise TV commercial aired during the Academy Awards on Sunday. The ad, broadcast only in the United States, comes two days before its Galaxy Z Flip phones, which open and close vertically like a flip phone, are due to be unveiled at an event in San Francisco. “The new Galaxy Z Flip foldable phone will create a halo effect for Samsung’s brand and help it better compete with Apple’s pricey models,” said Tom Kang, an analyst at research firm Counterpoint, adding …read more […]

No Picture
Trading Ideas

Gold steadies as coronavirus fears counters China economic data

Spot gold was little changed at $1,569.05 per ounce by 0313 GMT. U.S. gold futures were flat at $1,572.70. A team of international experts led by the World Health Organization left for Beijing to help investigate the epidemic that claimed more than 900 lives in mainland China, surpassing the death toll from the SARS epidemic. …read more […]

No Picture
Trading Ideas

Global Markets: Asian shares stem losses as China returns to work but sentiment jittery

Asian shares pared early losses on Monday as Chinese authorities lifted some coronavirus-related restrictions on work and travel, helping businesses resume work though overall sentiment was still jittery as the death toll from the epidemic climbed. More than 900 people have so far died in China’s central Hubei province as of Sunday with most of the new deaths in the provincial capital of Wuhan, the epicentre of the outbreak. To contain the spread, China’s government had ordered lockdowns, cancelled flights and shut schools in many cities. …read more […]