Bloomberg Daybreak
Philippines Starts Sale of Retail Bonds as Rates Stay High
The Philippines raised 84.9 billion pesos ($1.36 billion) in a retail Treasury bond auction, securing fresh funds for government spending while opting for a shorter tenor amid elevated interest rates.
Treasuries Head Into Seasonally Poor October After Selloff
September is living up to its reputation for typically being the worst month for Treasuries, and history suggests October will offer little relief.
Dongshan Precision Is Said to Target Up to $3 Billion HK Listing
Printed circuit board maker Suzhou Dongshan Precision Manufacturing Co. aims to raise $2 billion to $3 billion in its planned Hong Kong listing, according to people familiar with the matter.
Threat of Berlin Property Grab Spooks Real Estate Stocks
A radical proposal to seize large housing portfolios is back on the agenda in Berlin, threatening deeper losses in real estate stocks.
Ebola Disrupts Congo’s Childhood Vaccinations, Maternity and Health Services
Routine healthcare has been severely disrupted in communities hit hardest by Ebola in Democratic Republic of Congo, where fear of infection and pressure on hospitals are stymieing pediatric immunizations and discouraging patients from seeking maternity and other basic care.
Ayub: Long-Term Inflation Unlikely to Sustain Yields
Bonds remained in focus as Treasuries stabilized after a bruising selloff. This is as optimism for a diplomatic breakthrough in the Iran war faded amid surging oil prices and mounting Fed rate hike bets. Mehvish Ayub, Bank of Singapore's Head of Managed Solutions Advisory in Dubai spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa the market movements. (Source: Bloomberg)
China Tightens Travel Rules for Families of AI Talent
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
Copper Edges Higher After Chile Mine Union Rejects Pay Offer
Copper held above $14,400 a ton in London, as workers at a major mining operation in Chile voted to strike after wage talks failed.
Japan 40-Year Bond Sale Sees Strongest Demand Since 2020
Japan’s 40-year government bond auction drew its strongest demand in six years as elevated yields lured investors back to the nation’s longest-dated debt, offering a potential reprieve to fragile global markets.
China Expands Travel Curbs to Top AI Talent and Families
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 to Launch New Pro-Growth Policies
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)
China’s LNG Imports to Fall for Second Month Due to High Prices
China’s liquefied natural gas imports are set to decline for a second month as surging prices triggered by the Middle East conflict curb demand.
India Stock Bulls Pin Hopes on Corporate Earnings as Market Selloff Deepens
Easing valuations have done little to revive investor appetite.
Shein Sinks 14% After Operating Profit Plunge in Debut Earnings
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 Is Flat as Outlays for Sport Slip
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 Taps Private Credit for Japanese Acquisition
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.
Why Earnings Growth Remain a Key Buffer Against Yield Risks
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 Gains as Traders Weigh Fed Rate Path Amid High Yields
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.
Flashlight Capital Urges Secom to Raise Stake in Korea’s S-1
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.
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