Your Evening Briefing
The evening briefing will soon be available in your inbox every day. To be among the first to get it, sign up here.
Have a donkey to trade? China has an exchange for that. The existence of the China Donkey Exchange is further proof that if you can buy or sell something, you can bet Asia's largest economy has a marketplace for it. The exchange, based in rural Shandong province, is one of 1,000 platforms across the country where people can trade anything from orchids to collectibles. The donkey exchange was born for much the same reason hog and soybean futures are traded around the world: the animals aren't just beasts of burden, they're an agricultural commodity. But as exchanges are popping up everywhere, so speculation increases. And that might not be beneficial to China's economy. —Kristine Servando
The world has a new second-richest person. With a one-day stock boost adding $1.5 billion to his fortune, Jeff Bezos vaulted past Amancio Ortega and Warren Buffett on the rich list. The 53-year-old Amazon founder has a net worth of $75.6 billion on the Bloomberg Billionaires Index, $700 million more than Buffett and $1.3 billion more than Inditex tycoon Ortega. Bill Gates, still the world’s richest person, has a net worth of $86 billion.
Theresa May got her first slap from the EU hours after pulling the trigger on Brexit. Her opening offer for a Brexit deal ran into immediate opposition from EU leaders, who challenged her attempt to tie a free-trade deal to security cooperation. It's an early sign that two years of divorce negotiations—led by these key figures—will be as contentious and complicated as feared. Here's a look at the numbers behind the most complex issues in the talks.
This Chinese stock soared 4,500 percent... but no one knows why. Investors got a surprise when a little-known Chinese stock, Wins Finance Holdings, went crazy for no apparent reason. Even Wins itself, which guarantees loans for small businesses in China and leases equipment to them, said it had no idea what drove the surge. The key to unraveling the mystery begins on the 37th floor of a shiny Times Square skyscraper.
Samsung's got to get its new S8 smartphone right. The phone represents Samsung's biggest prospect for a turnaround after the debacle over exploding Note 7s last year. Apart from making sure the gadget won't cause bodily harm, the company packed the S8 with a plethora of new features, including an "infinity screen," encrypted facial recognition and a digital assistant to take on Apple's Siri.
A new kind of birth control for men is coming. Doctors are on the cusp of launching the first new male contraceptive in more than a century. But rather than a Big Pharma lab, the breakthrough is emerging from a university startup in the heart of rural India. After years of human trials, researchers are preparing to submit the injectable, sperm-zapping product for regulatory approval.
A tale of two cities. Japan's millennials are flocking to the seaside city of Fukuoka, drawn not only by its vistas and lively startup scene but incentives like tax cuts and Japan’s first “startup visa." In stark contrast is Fukuoka's neighboring city of Kitakyushu, which is being decimated by old age.
Indonesia's fearless finance minister is ready for her next fight. Since joining Joko Widodo’s “dream team” cabinet in Southeast Asia’s largest economy, Sri Mulyani Indrawati has been the president’s chief instrument in a push to get millions of Indonesians to participate in a tax amnesty. She now plans to revamp the overall taxation system and double the number of auditors.
Forget Napa Valley or (dare we say it) Bordeaux. We've found the hottest new wine regions in your favorite countries, from grapes grown on an active Italian volcano to exceptional syrahs from Hawke’s Bay in New Zealand. Here's a guided tour of all the exciting new hot spots for wine lovers and which bottles you need to try.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.