Bloomberg's Minmin Low says China is broadening travel restrictions to top AI talent and their families, a national security measure that risks stalling recruitment and innovation across the tech sector. (Source: Bloomberg)
China's government will introduce new measures to support the economy and study policies to stabilize the property market. Bloomberg Economics Chief Asia Economist Chang Shu says the acceleration will likely target investment rather than purely addressing flatlining consumption. (Source: Bloomberg)
Shares of Shein Global Holdings Ltd. fell as much as 14% after the online fashion retailer reported a 53% plunge in first-half operating income in its inaugural earnings as a public company.
Australia’s household spending was flat in August, suggesting a weakening of demand in the economy as the Reserve Bank is expected to resume raising interest rates later today.
Indian drugmaker Gujarat Themis Biosyn Ltd. has obtained private credit funding to back its purchase of Japanese peer MicroBiopharm Japan Co., highlighting the growing use of such debt for overseas expansion in Asia.
Capital.com Senior Market Analyst Kyle Rodda argues that strong corporate earnings continue to buffer equities against rising bond yields and AI valuation risks. He also cautions that investor tolerance could fade quickly if profit growth expectations begin to fade. (Source: Bloomberg)
Gold recovered some losses from Monday’s rout as traders looked for clues on whether the Federal Reserve will continue tightening policy to rein in inflation.
Activist investor Flashlight Capital Partners urged Japan’s Secom Co. to roughly double its interest in South Korea’s S-1 Corp. and Taiwan Secom Co., roping in a new party after its earlier bid to acquire an S-1 stake was rejected.
Samsung Electronics Co. and five affiliates are investing a combined $1 billion in a US company led by a former Amazon Web Services Inc. chief, deepening the South Korean group’s push into the rapidly expanding AI infrastructure market.
A strategy popularized by AQR Capital Management, the world’s largest hedge fund, to help wealthy people slash their taxes on ordinary income is facing the most concrete sign yet that US authorities are preparing to clamp down.
Britain is wasting an opportunity to invest billions of pounds in infrastructure by sticking to rigid national accounting rules that prevent arms-length government bodies from borrowing on their own account, the Common Wealth think tank said.
Data show lenders used different tactics, extending terms or repossessing cars quickly, to keep their investors happy. Neither approach is great for customers. Paige Smith and Ann Choi report. (Source: Bloomberg)
Stocks joined bonds lower as a drop in oil prices did little to allay Wall Street’s concerns that still-elevated energy costs could fuel inflation and spur Federal Reserve rate hikes.
Summit Therapeutics Inc. shares rose after it said AstraZeneca Plc would make a $2 billion strategic equity investment in the cancer drugmaker to jointly develop drugs.
Former Walt Disney CEO Bob Chapek says the firm needs a 'growth engine' while speaking during an interview on Bloomberg Businessweek Daily. Chapek also says that Disney employees have been discouraged from keeping in contact with him and that he hasn't heard from CEO Josh D'Amaro since 2022.
Chapek discusses his departure from the media giant, the company's path ahead, and his new book 'Behind the Castle Walls: My Thirty Years at the Happiest Place on Earth' with Bloomberg's Carol Massar and Tim Stenovec. (Source: Bloomberg)
People Pleasing, Procrastination, Perfectionism, and Padding -- the four key barriers that author Fran Hauser says many women have trouble overcoming. She explains how she learned to reclaim her own time during her decades of executive experience in her new book 'Twenty Minutes Is the New Hour: The Ambitious Woman's Guide to Doing Less and Achieving More." (Source: Bloomberg)
