Trading Ideas

China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud. The rules, first announced in September, mean millions more people will come under the purview of facial recognition technology in China. The Ministry of Industry and Information Technology (MIIT) did not say which companies will provide the telecoms providers with these services but China is home to some of the world’s leaders in facial recognition software, including Megvii and SenseTime. …read more […]

FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry is whether Deutsche helped move tainted money from Danske, Denmark’s largest lender, into the United States. Officials from the DoJ, who have been working closely with Estonian prosecutors for around a year, have also begun cooperating with Frankfurt state prosecutors, the sources said. …read more […]

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]

(Bloomberg) — Mexican President Andres Manuel Lopez Obrador celebrated his first year in office touting his achievements in reducing inequality in the country, while defending an economy that fell short of targets.AMLO, as the president is known, said in a speech Sunday before thousands that his push to establish new cash aid programs for the elderly, unemployed youth and the disabled improved the quality of life in Mexico. He promised to further expand those programs and to boost economic growth after Mexico fell into a mild recession in the first half of 2019.“There still hasn’t been economic growth like we …read more […]

Dec.02 — Hong Kong is expected to record its first budget deficit since 2004 with the economy sustaining damage equivalent to 2 percentage points of output growth, Financial Secretary Paul Chan said. Stephen Engle reports on “Bloomberg Daybreak: Middle East.” …read more […]

Yields on 10-year Japanese government bonds on Monday rose to their highest in more than two weeks, ahead of an auction that could determine investor demand for the last month of the year. Benchmark 10-year JGB futures fell 0.33 point to 152.83, with a trading volume of 19,457 lots. The 10-year JGB yield rose 2.5 basis points to minus 0.060%, the highest yield since Nov. 14. …read more […]

Dec.01 — Rupal Agarwal, Asia Quantitative Strategist at Bernstein, talks about India’s economy and stocks. She speaks with Rishaad Salamat and Juliette Saly on “Bloomberg Markets: Asia.” …read more […]

(Bloomberg) — Shares of India’s largest mobile phone service providers surged after they announced a raise in the cost of subscriptions to their plans, signaling a cut-throat price war in the nation may finally be easing.Bharti Airtel Ltd., the third-largest wireless carrier, said it will increase prices of its most expensive plan by as much as 41%, while Reliance Jio Infocomm Ltd., the biggest telecom company by subscribers in India, will boost tariffs by as much as 40% from Dec. 6. Vodafone Idea Ltd. also announced a new pricing plan for prepaid customers on Sunday, which would be effective Dec. …read more […]

Q3 2019 Chromadex Corp Earnings Call …read more […]

Dec.01 — Peiqian Liu, China economist at Natwest Markets, talks about the outlook for the economy, policies, and the trade war with the U.S. China’s November manufacturing purchasing managers’ index rose to 51.8 from 51.7 in October, a report from Caixin Media and IHS Markit shows. Liu speaks with Tom Mackenzie and David Ingles on “Bloomberg Markets: China Open.” …read more […]

Dec.01 — Evan Brown, head of asset allocation at UBS Asset Management, explains why he favors European stocks. He speaks with David Ingles and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]

Chef Daniel Calvert from Belon restaurant shows us how to make his speciality, Drunken Pigeon, a delicious French take on the Chinese classic – Shanghainese drunken chicken.

Like your cooking? Head over to https://www.scmp.com/cooking for all our latest recipes. …read more […]

Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. West Texas Intermediate (WTI) futures rose $86 or 1.6%, to $56.03 a barrel, having risen by more than $1 earlier. Prices fell on concerns that talks to end the trade war between the United States and China, the world’s two biggest oil users, would be disrupted by U.S. support for protesters in Hong Kong. …read more […]

Dec.01 — William Ma, partner and co-chief investment officer of Gopher Asset Management, talks about Asian and U.S. stocks. He speaks with David Ingles and Tom Mackenzie on “Bloomberg Daybreak: China Open.” …read more […]

China’s factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) index rose to 51.8 in November from 51.7 in the previous month. Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, noted both domestic and overseas demand rose in November. …read more […]