Homin Lee, senior macro strategist at Lombard Odier, says equity valuations can handle the ongoing rise in global yields. He argues higher yields reflect solid economic fundamentals rather than aggressive monetary tightening. (Source: Bloomberg)
Firmus Grid Ltd. plans to allocate about half of the shares in its initial public offering to existing shareholders, putting Nvidia Corp and Blackstone Group in a position to increase their stakes, according to people familiar with the matter.
Thailand plans to establish a dual-class share structure to entice more companies to list on the local exchange, a move designed to ease the concern of founders about diluting their control and end a lean patch in new listings.
Stock brokers are emerging as a major force in India’s short-term debt market, borrowing billions of dollars to finance investors’ growing appetite for leveraged equity bets.
Brazilian assets surged on expectations that Flávio Bolsonaro will address the country’s mounting fiscal problems and pave the way for interest-rate cuts after he became the surprise favorite to win the presidency in an Oct. 25 runoff against Luiz Inácio Lula da Silva.
Giovanna Bellotti Azevedo, Barbara Nascimento and Leda Alvim
Saudi Aramco has cut prices for its benchmark oil grade to Asia to a six-year low as Persian Gulf producers race for market share with flows through the Strait of Hormuz increasing.
Serene Cheong, Yongchang Chin and Anthony Di Paola
Yemen’s internationally-recognized government launched a full-scale military bid to recapture all areas under the control of the Houthis following weeks of escalation between the Iran-backed group and Saudi Arabia. Bloomberg's Jill Disis breaks down the news. (Source: Bloomberg)
India’s bond curve is poised to flatten further as the Reserve Bank of India steps up liquidity withdrawals, prompting some investors to favor 10-year debt over five-year notes.
Nippon Paint Holdings Co. is buying Akzo Nobel NV’s decorative paints operations in Southeast Asia for $1.35 billion, acquiring a regional slice of a business it had sought to buy in full.
Gold steadied after paring earlier gains Monday, pressured by a stronger dollar as European political uncertainty boosted the greenback’s appeal and traders weighed the outlook for interest rates.
China’s mutual funds are closing at the fastest pace in eight years as weak returns and investor redemptions leave hundreds of products too small to survive.
Japan should continue to rely on the Middle East for the bulk of its crude as that’s cost-effective, processor Taiyo Oil Co. said, pushing back against a government drive to diversify triggered by the US-Iran war.
Oil fell as Saudi Arabia cut crude prices for Asian buyers in a sign that physical supplies are becoming more readily available as Middle Eastern exports recover.
Schneider Electric SE is nearing a deal to acquire US-based engineering software developer PTC Inc. for more than $20 billion, according to a source familiar with the matter.
Bloomberg Supreme Court Reporter Greg Stohr is on Bloomberg This Weekend previewing a new term shaped by the court’s growing emergency docket and a major climate case over whether Boulder, Colorado, can pursue state-law claims against oil companies. Speaking with hosts David Gura and Christina Ruffini, Stohr says Justice Samuel Alito’s recusal creates the possibility of a 4-4 split and discusses renewed questions about Supreme Court ethics, potential changes to the court and Alito’s eventual retirement. (Source: Bloomberg)
The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Ambassdor Alexander Yui, Taiwan's Representative to the United States, Kevin Gordon, Schwab, Head of Macro Research & Strategy, Todd Blanche, United States Attorney General (Source: Bloomberg)
Retailers reconsidering self-checkout, a global market for elite British sheepdogs, the proliferation of protein-enhanced foods and fit women want to show off their biceps. Join Lisa Mateo, David Gura and Christina Ruffini for a roundup of headlines you may have missed, but gotta see. (Source: Bloomberg)
Taiwan’s Representative to the US, Alexander Yui, tells Bloomberg This Weekend that Washington has reassured Taipei its Taiwan policy remains unchanged following President Donald Trump’s meeting with Chinese President Xi Jinping, even as a $14 billion US arms package remains stalled. Speaking with hosts David Gura and Christina Ruffini, Yui says Taiwan wants faster weapons deliveries and is deepening its economic relationship with the US through major investments in semiconductors and other industries. (Source: Bloomberg)
America’s college-age population is shrinking, putting pressure on universities with high fixed costs and fewer students to fill their campuses. Schools like Bowling Green State are responding by adding career-focused programs and trying to stand out in a crowded market, while institutions that fail to adapt are facing cuts, closures and economic fallout for the towns that depend on them. (Source: Bloomberg)
