If you're worried about China, you should be worried about it for the right reasons
Noble Group Ltd., the commodities trader criticized over its accounting methods, climbed for a second day, extending its first monthly advance since November, after Mitsubishi Corp. agreed to pay a premium for a stake in rival Olam International Ltd.
Citic Securities Co. fell after a magazine reported that three members of the executive committee of China’s biggest brokerage had been asked to assist police investigating suspected securities trading violations.
Ezra Holdings Ltd. and Chiyoda Corp. shares jumped the most in at least nine months after they agreed to form a subsea services joint venture valued at $1.25 billion.
The S$915 million ($654 million) cash that Mitsubishi Corp. will pay for new shares of Olam International Ltd. will help Singapore’s commodity trader fund acquisitions, according to Chief Executive Officer Sunny Verghese.
Someone hold my beer while I write y’all a story.
Treasuries headed for their biggest weekly loss since June as a rally turned into a rout in the most volatile trading in six months.
China’s central bank raised its yuan reference rate by the most in five months, taking analysts by surprise and triggering the currency’s biggest gain since March just two weeks after a switch to a more market-oriented fixing.
Chinese stocks rallied for a second day and the yuan gained the most since April on speculation authorities are propping up markets before President Xi Jinping takes the stage at a World War II victory parade next week.
Bloomberg's Stephen Engle discusses China's measures to boost confidence with Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
China Huarong Asset Management Co., the nation’s biggest bad-loan manager, received Hong Kong stock exchange approval for an initial public offering, people with knowledge of the matter said.
Bloomberg's Juliette Saly reports on the latest stories moving the FX markets on "First Up." (Source: Bloomberg)
In today's "Stock Exchange," Bloomberg's Zeb Eckert, Juliette Saly and David Ingles discuss today's top stocks to watch in Asia on "First Up." (Source: Bloomberg)
Police blocked off parts of the Malaysian capital as thousands of protesters prepared to descend on the city for a weekend rally demanding Prime Minister Najib Razak’s resignation.
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Bloomberg's Joe Weisenthal talks about what he's following ahead of today's ‘What’d You Miss?’ Watch the show with Joe and Alix Steel every weekday at 4 p.m. ET on Bloomberg. (Source: Bloomberg)
Bloomberg's Jonathan Ferro briefs you on the top stories of the day.
Puru Saxena Wealth Management CEO Puru Saxena discusses China intervening in the stock market, the selling of U.S. Treasuries and the outlook for emerging markets. He speaks to Bloomberg's David Ingles, Shery Ahn, Angie Lau and Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
Investors around the world were panicking on Monday during the market selloff, but one Japanese day trader claims to have bet big against the market and made $34M. Bloomberg's Yuji Nakamura reports on "Asia Edge." (Source: Bloomberg)
There is one small corner of the commodities markets that is bucking the current slump. Prices for carbon emission credits in Europe have jumped nearly 10% this year. Bloomberg's Nathaniel Bullard reports on "Asia Edge." (Source: Bloomberg)
Puru Saxena Wealth Management CEO Puru Saxena discusses the global selloff and his strategy for the markets. He speaks to Bloomberg's Angie Lau and Rishaad Salamat on "Asia Edge." (Source: Bloomberg)
Andy Xie, an independent economist, talks about China's economic policies. He speaks in Hong Kong with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
Mitsubishi, betting on growing demand for food in Asia, agreed to buy a 20 percent stake in Olam International, the commodity trader controlled by Singapore’s state investment company, in two deals worth S$1.53 billion ($1.09 billion). Bloomberg's Yuriy Humber has more on "Trending Business." (Source: Bloomberg)
Metaps Managing Director and COO Choy Wai-Cheong discusses the debut of the company on the Tokyo exchange, what it does and where he sees growth. He speaks with Bloomberg's Rishaad Salamat on "Trending Business." (Source: Bloomberg)
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Pacific Heights Asset Management President Michael Cuggino discusses the U.S. Markets, whether the Fed will raise interest rates and where he's putting his money. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
Asian stocks rose for a third day as a global rally gathered pace and the U.S. economy grew faster than expected in the second quarter.
Asian stocks moved closer to erasing the week’s losses, while commodities climbed as China’s support for its beleaguered equity market and a strong U.S. growth number bolstered investors’ appetite for riskier assets.
Chinese home-listing websites rallied in New York on Thursday, led by SouFun Holdings Ltd., after the nation relaxed restrictions on foreign investment in real estate to help boost demand.
“Let’s see how the data unfold before we make any statements about exactly when that might occur.”
As soon as Ukraine announced details of a deal to restructure about $18 billion of Eurobonds, analysts began questioning whether the agreement will leave the war-torn nation with a sustainable debt burden.
First it was the strengthening of its currency in January that sent Switzerland’s stocks down, only to recover two months later. Now it’s China’s economy, and this time options traders don’t see a speedy recovery.
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Three global banks are in danger of losing their ability to manage pension funds in the U.S., as the Department of Labor wrestles with how to hold financial institutions accountable for criminal misconduct.
Barclays Plc is seeking to expand and deepen its equity research coverage in Japan even as it cuts jobs elsewhere. For analyst Atsuro Takemura, that means sleeping on the job.