Articles by admin

(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 […]

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 […]

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 […]

(Bloomberg) — The government of Tianjin is in early talks to sell stakes in two of its listed technology firms to Chinese consumer electronics giant TCL Corp., according to people familiar with the matter.The discussions involved holdings in chip devices maker Tianjin Zhonghuan Semiconductor Co., and Tianjin Printronics Circuit Corp., a printed circuit boards producer, the people said. Tianjin’s government and TCL are still exploring options including direct stake sales or having the electronics company acquire control in the major shareholder of the two listed firms, said the people, who asked not to be identified as the discussions are private.TCL …read more […]

Jan.19 — Mary Manning, portfolio manager at Ellerston Capital, talks about Asian stocks. She speaks with Tom Mackenzie, Yvonne Man and David Ingles on “Bloomberg Markets: China Open.” …read more […]

Oil prices jumped 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. Brent crude futures were up by 75 cents, or 1.2%, to $65.60 by 0109 GMT, having earlier reached $66.00 a barrel, the highest since Jan. 9. The West Texas Intermediate contract was up by 60 cents, or 1%, at $59.14 a barrel, after rising to $59.73, the highest since Jan. 10. …read more […]

(Bloomberg) — A top-performing Morgan Stanley fund is betting on cash-rich consumption-focused stocks in Asia, especially China, to manage risks in market cycles this year.Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.The Wall Street firm’s Asia Opportunities Fund, which focuses on equities in the region excluding Japan, returned 44% in the past year, beating 99% of its peers, according to data compiled by Bloomberg. The portfolio focuses on undervalued companies with low debt or net cash on their balance sheets, many of which are found in consumer sectors, said …read more […]