– Spot gold was up 0.4% at $1,971.68 per ounce by 0043 GMT, after hitting its highest since Aug. 19 at $1,976 in early Asian trade. – U.S. gold futures rose 0.4% to $1,982.50. – Last week, Fed Chairman Jerome Powell said the central bank would adopt an average inflation target, meaning rates are likely to stay low for longer. …read more […]
(Bloomberg Opinion) — Imagine a bidder wanting to buy KFC, but being told the deal might not include the Colonel’s seven secret herbs and spices. That’s effectively what Beijing has told the list of U.S. companies keen to purchase short-video app TikTok: The key ingredients may be out of reach. At first it looked like the Trump administration had it all figured out. ByteDance Inc., it decided, was a risk to national security and the Chinese company’s main product for international markets had to be sold. For reasons that remain confounding, Satya Nadella entered the fray and Microsoft Corp. put …read more […]
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. took stakes in five Japanese trading companies, expanding its reach abroad.Buffett’s company announced Sunday night that it acquired “slightly more” than 5% of the shares of Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp., according to a statement. The purchases, made through one of its insurers, National Indemnity, are valued at more than $6 billion, according to Bloomberg calculations.The move marks a big push abroad by Buffett’s firm, which has long accumulated stakes in U.S. companies including Apple Inc. and Coca-Cola Co. Berkshire has also sought investments abroad with …read more […]
Posted by OFX AUD – Australian Dollar The Australian dollar is stronger this morning when valued against the Greenback reaching a high on Friday of 0.7366. A level that was last seen in December 2018 on the back of overall Greenback weakness and a surge in commodity prices. On Friday we saw … Continue reading “Australian dollar hits highest level since December 2018″The post Australian dollar hits highest level since December 2018 appeared first on . …read more […]
Berkshire Hathaway’s wholly-owned subsidiary, National Indemnity Company, will notify Japan’s Kanto Local Finance Bureau of the purchase of the stakes in Itochu Corp , Marubeni Corp , Mitsubishi Corp , Mitsui & Co Ltd and Sumitomo Corp , the company said in a statement. Berkshire Hathaway intends to hold its Japanese investments for the long term, but may increase its holdings up to a maximum of 9.9% in any of the five investments depending on price, the company said. …read more […]
Aug.30 — Jeff Kingston, a professor of Asian Studies at Temple University Japan Campus who writes frequently about Japanese politics, talks about the resignation of Prime Minister Shinzo Abe. Kingston speaks with Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.” …read more […]
Aug.30 — ByteDance Ltd. will be required to seek Chinese government approval to sell the U.S. operations of its short-video TikTok app under new restrictions Beijing imposed on the export of artificial intelligence technologies, according to a person familiar with the matter. Ros Krasny reports on “Bloomberg Daybreak: Australia.” …read more […]
Last week’s rally took the S&P 500 and Nasdaq to new records, and has put the Dow within shouting distance of its all time high. …read more […]
(Bloomberg Opinion) — In the past, Beijing has responded to wild swings in its stock markets with regulatory crackdowns. This time is likely to be different. That’s why investors should see gyrations as wide as 3,000% in shares on Shenzhen’s ChiNext market as a sign of emerging maturity.The 18 companies that made their trading debuts on the Nasdaq-like board last week rose an average of 200%, under revamped rules that remove limits on price moves for newly listed stocks. Previously, shares were restricted to a maximum increase of 44% or a decline of 36% on their first day of trading. …read more […]
In most years, only a few key dates stand out for income-tax planning, and most of them are familiar to taxpayers. COVID-19 has changed that in 2020. …read more […]
(Bloomberg) — Ant Group’s potentially record-sized initial public offering could propel technology capital-raising in 2020 past the dizzying heights of the dotcom bubble, an extraordinary showing in a pandemic-stricken year fraught with geopolitical uncertainty.Jack Ma’s Chinese financial titan aims to raise at least $30 billion in Hong Kong and Shanghai in October, which could push global first-time share sales by tech firms well past $57 billion, according to data compiled by Bloomberg. That would be the highest since 1999, when tech companies raised $62 billion and famously ushered in a plethora of now-defunct internet outfits.After an initial pandemic-induced lull, corporate …read more […]
It has been a very tough year for natural gas markets, but prices have started to rebound and there are 3 companies in particular that are well-positioned to take advantage of that …read more […]
The billionaire, now celebrating his 90th birthday, has said it’s a good time to borrow. …read more […]
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