China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou as soon as possible, ahead of the executive’s first extradition hearing later in the day.
Israel’s markets watchdog said on Monday the authority would make regulatory changes to adapt to technological innovations such as digital markets. “The implication is that these platforms will provide a complete digital value chain for investors, from the underwriting stage to settlement and custodial services,” Anat Guetta, chairwoman of Israel Securities Authority (ISA), said at the ISA’s annual conference. One benefit of digital markets, Guetta said, would be that anyone could open a digital account for remote trading based on technologies such as facial recognition. …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.
Japan’s Subaru Corp set a target on Monday to sell only electric vehicles worldwide by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.
China urged Canada on Monday to release detained Huawei Technologies executive Meng Wanzhou as soon as possible.
Jan.20 — Mohammed Galal Fahmi, chief executive officer of United Electronics Co., a consumer electronics retailer in Saudi Arabia, talks about its business strategy and outlook. United Electronics reported profit for the full year that beat the average analyst estimate. Fahmi speaks on “Bloomberg Daybreak: Middle East.” …read more […]
Move over revenue growth and dividend payouts: it’s time to take your portfolio’s temperature.
Asian shares held near a 20-month top on Monday even as investors took some money off the table following a strong run recently, while oil jumped to more than a one-week high after two large crude production bases in Libya began shutting down.
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.
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