Higher borrowing costs may be here to stay in India. With inflation pressures building from a weak monsoon, oil at $100 a barrel and a softer rupee, the RBI has begun tightening policy. Ruchi Bhatia explains why more rate hikes could follow. (Source: Bloomberg)
Intercontinental Exchange Inc. has launched new gold futures contracts in London, in the latest effort to expand trading in a market built on over-the-counter deals that’s dominated by a handful of global banks.
Japan Exchange Group Inc. announced that Kioxia Holdings Corp.’s weighting on the benchmark Topix index will rise, fueling expectations that passive inflows will provide support for the shares.
Hong Kong’s main technology stock benchmark is expanding its number of constituents to 50 from 30 in a major revamp to better represent the fast-growing artificial intelligence and robotics sectors.
Equity markets face a genuine rival in bonds for the first time in decades, according to Savita Subramanian at Bank of America Corp., who also cautioned that elevated investor sentiment leaves stocks more exposed to disappointment than upside.
Matt Clinch, Guy Johnson, Anna Edwards and Tom Mackenzie
The US-Iran conflict continues to weigh heavily on economies around the world and in particular those in the Gulf. Ramona Moubarak, the MENA Country Risk Head for BMI, a Fitch Solutions Company, spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa as the war enters its 8th month. (Source: Bloomberg)
India’s rupee retreated even after the central bank hiked interest rates for the first time in four years, as the lack of more aggressive steps to tighten liquidity and support the currency left traders disappointed.
"Bonds actually look interesting again," says Savita Subramanian, Bank of America’s head of US equity and quantitative strategy, as she weighs the potential returns from bonds and equities over the next decade. "The risk-return for a 10-year Treasury today is about over 5%," Subramanian tells Bloomberg Television. "Whereas when you look at the S&P 500, our valuation framework suggests that returns over the next ten years might not even be at those levels, at that 5% clip." (Source: Bloomberg)
RWE AG has played down the prospect of taking a major role in state-owned Uniper SE, after the utility teamed up with private equity firm KKR & Co. to make a non-binding bid for the German company.
India’s markets regulator told a local court that it has shared with Jane Street Group LLC the trade logs it relied upon for its preliminary order against the Wall Street trader, pressing the firm to respond to the accusations of market manipulation.
Officials from Hong Kong and Singapore have used an annual industry gathering to pitch rival plans to create gold trading hubs in Asia, underscoring the fierce competition for new business and the race to capitalize on strong demand for the precious metal.
HSBC is planning sweeping job cuts across its UK wealth management business as part of a broader push to use artificial intelligence to serve affluent clients more efficiently, the Financial Times reported, citing people familiar with the matter. Bloomberg's Tom Metcalf has more. (Source: Bloomberg)
Athletic Brewing helped move non-alcoholic beer into the mainstream. Chief Executive Officer Bill Shufelt explains how it paired a reinvented product with the concepts of craft and wellness. (Source: Bloomberg)
The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans.
Reinout De Bock, UBS IB European Rates Strategy Head, joins Bloomberg's Anna Edwards, Guy Johnson, and Tom Mackenzie on "The Opening Trade" to discuss Marine Le Pen's proposals for France along with what to expect with European energy costs as winter approaches.
(Source: Bloomberg)
Trinity Metals is talking to potential advisers and investors for a US initial public offering as surging tungsten prices bolster the Rwandan miner’s plans to expand output.
