British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a card saying it had been packed by foreign prisoners who were victims of forced labor.
Dec.22 — China is saying that it’s cutting import tariffs on certain goods from Jan. 1. It’s a move it says is partly aimed at expanding imports. The news comes as Beijing and Washington work to finalize a formal signing of the first phase of their trade deal next month. Bloomberg’s Selina Wang speaks with Rishaad Salamat and Yvonne Man on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg Opinion) — This is the year that brought a $100 billion venture capitalist to his knees. In January, SoftBank Group Corp.’s Masayoshi Son was riding high, writing billion-dollar checks to unicorns from office-sharing startup WeWork to autonomous-delivery vehicle designer Nuro. But as 2019 winds down, the Japanese dealmaker is straining to finance a $9.5 billion bailout package for Adam Neumann’s troubled startup, whose valuation has evaporated from $47 billion to $8 billion — or even zero, depending whom you ask. SoftBank’s bad year goes well beyond WeWork. Investors are starting to get the feeling that whatever Son brings to …read more […]
Dec.22 — Prashant Bhayani, chief investment officer of Asia at BNP Paribas Wealth Management, talks about Treasury yields, the Chinese yuan, and his strategy for 2020. He speaks with Selina Wang and Yvonne Man on “Bloomberg Markets: China Open.” …read more […]
Dec.22 — Ajay Sunder, deputy director at SC-Nex Strategy, discusses his outlook for Asia Tech in 2020. He speaks on “Bloomberg Daybreak: Asia.” …read more […]
Dec.22 — Hong Kong is back to business as usual after another tense weekend that included a police officer drawing his sidearm on protesters. No shots were fired. Bloomberg’s Stephen Engle speaks with Shery Ahn on “Bloomberg Daybreak: Asia.” …read more […]
Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty gains made earlier this month.
In 2006 Sheng Yue Gui was appointed CEO of Geely Automobile Holdings Limited (HKG:175). First, this article will… …read more […]
(Bloomberg) — Oil held its biggest decline in three weeks as Kuwait signaled a deal with Saudi Arabia to renew crude output along their border and U.S. shale explorers increased drilling.Futures were little changed in New York after falling 1.2% on Friday, the most since Nov. 29. The shared neutral zone, which has been shut for at least four years due to disputes between the two countries, can produce as much as 500,000 barrels a day. U.S. explorers last week boosted drilling by the most in almost two years, according to data from Baker Hughes Co. on Friday.Oil is up …read more […]
Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal to end a tariff war, with President Donald Trump saying an agreement would be signed “very shortly”.
(Bloomberg) — Technology giants are increasingly designing their own semiconductors to optimize everything from artificial intelligence tasks to server performance and mobile battery life. Google has the Tensor Processing Unit, Apple Inc. has the A13 Bionic and Amazon.com Inc. has the Graviton2. What the titans all lack, however, is a factory to build the new chips they are dreaming up.Enter Samsung Electronics Co., which is planning a decade-long, $116 billion push for their business. The South Korean company is investing heavily in the next step in miniaturizing semiconductors, a process called extreme ultraviolet lithography (EUV). It’s by far the priciest …read more […]
Dec.22 — Christopher Nixon Cox, vice chairman for Asia Public Policy at BrightSphere Investment Group, talks about the disputes between the U.S. and China. Nixon Cox speaks with Shery Ahn and Paul Allen on “Bloomberg Daybreak: Australia.” …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds’ top 3 stock picks returned 41.7% this year and beat […] …read more […]
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […] …read more […]
Dec.22 — New documents show President Donald Trump asked about U.S. military aid to Ukraine a month before the call with Ukrainian President Volodymyr Zelenskiy that went on to trigger the impeachment investigation into Trump. Bloomberg’s Ros Krasny speaks with Paul Allen on “Bloomberg Daybreak: Australia.” …read more […]
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