Bloomberg Daybreak
Dutch Government Plans to Halve ABN Amro Stake to 10.5%
The Netherlands plans to cut its stake in ABN Amro Bank NV in half, taking the bank closer to full private ownership.
India's Central Bank Hikes Repo Rate by 25 Bps
RBI raised interest rates for the first time in nearly four years. Governor Sanjay Malhotra says given the current economic scenario, rate hikes are off the table in the near-term.
(Corrects to remove incorrect name strap at 00:50:28.) (Source: Bloomberg)
MS Capital CEO on China Markets, Investment Strategy
Kate Zhang, CEO at hedge fund MS Capital, discusses the investment opportunities in China's equity markets and the rising demand from global investors for Chinese quants. She speaks with Yvonne Man and Avril Hong on Bloomberg: The China Show. (Source: Bloomberg)
From Bitcoin To Tokenization, Crypto Optimism Returns
"Insight with Haslinda Amin" is a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Kenya Sees First Ebola Case Imported From Congo
Health authorities in Kenya confirmed an Ebola infection in a traveler who recently arrived from the Democratic Republic of Congo. The person fell ill in Congo a month ago and traveled by road to Uganda. The patient arrived by plane in Nairobi on Oct. 3 and died Monday. This marks Kenya's first imported case linked to the outbreak in central Africa. Bloomberg's Janice Kew reports. (Source: Bloomberg)
India’s RBI Lifts Rates for First Time in Nearly Four Years
India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as rising inflation and a weakening currency drive a policy pivot. (Source: Bloomberg)
Taiwan Claims Two Hong Kong Residents Involved in Spying on DPP Lawmaker
Taiwan prosecutors said two Hong Kong residents paid for the surveillance of a lawmaker and his family, and indicted four Taiwanese individuals in a case they described as transnational repression.
Floods, Storms Create €500 Billion Opportunity for Industrials
Europe’s worsening heat waves, wildfires and floods are prompting governments to increase spending on climate-resilient infrastructure, opening a lucrative new market for industrial companies.
Why Dangote’s Nigeria Refinery IPO Is Such a Big Deal for Africa
A mega-refinery in Nigeria owned by Africa’s richest person is going public, seeking to raise at least $1.6 billion to help fund its expansion. The share sale is set to be the continent’s largest-ever initial public offering. Aliko Dangote has pitched it as an “IPO for the people” and aims to draw in millions of first-time investors by setting the minimum stake in his firm at just $4.
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Climb
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels. Bloomberg's Stuart Livingstone-Wallace breaks down the latest developments. (Source: Bloomberg)
SpaceX Eyes $40B for Nvidia Chips, Asian Stocks Hold Near Record Highs
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Japan Index to Slash Hundreds of Stocks to Lure Investors
Japan Exchange Group Inc. unveiled the biggest-ever reshuffle of the Topix on Wednesday, a revamp that shrinks one of Asia’s broadest major equity benchmarks and intensifies pressure on Japanese companies to boost their market appeal.
Indian Opposition Leader Detained After Voter Roll Standoff
Police in New Delhi temporarily detained key opposition leader Rahul Gandhi to end an almost nine-hour standoff during a protest seeking the resignation of the chief election official. (Source: Bloomberg)
Sanlam’s $1.2 Billion Santam Bet Puts Capital Choices in Focus
Sanlam Ltd.’s $1.2 billion bid to take full ownership of Santam Ltd. will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step in an expansion that will soon include banking.
Can India Close Its Huge Pension Gap?
Fewer than 30% of Indians have access to a retirement account, even as the number of people over 60 is set to more than double by 2036. Saikat Das explains India’s pension problem and what the government is doing to fix it.
(Source: Bloomberg)
Japanese Beer Maker Shares Drop on Price-Fixing Probe
Shares of Japanese beer makers fell after the nation’s competition authority started investigating them over suspected price fixing.
Korean Investors Suffer $1.7 Billion Losses From Leveraged ETFs
Retail investors are estimated to have lost 2.3 trillion won ($1.7 billion) from leveraged exchange-traded products tracking South Korea’s two chipmaking giants in just months, according to a lawmaker’s office, in the first revelation of the magnitude of risks from such bets.
RBI Meeting Is About More Than Just Interest Rates for Markets
Rate hike expected; traders eye more liquidity-draining measures and rupee commentary.
Copper Edges Higher as Chile Mine Strike Adds to Supply Risks
Copper edged higher as a strike at a Chilean mine added to supply concerns, while a stronger dollar and broader pullback in risk assets kept gains in check.
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