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December 21, 2023
(Bloomberg) -- The US is considering raising tariffs on Chinese electric cars and other goods as it tries to limit reliance on Asia’s biggest economy and shield its own green industry, the Wall Street Journal reported Thursday, citing people it didn’t identify.Most Read from BloombergS&P Logs Worst Day in Two Months, Bonds Power On: Markets WrapVilified Zero-Day Options Blamed by Traders for S&P DeclineThe Hedge Fund Traders Dominating a Massive Bet on BondsTrump Barred F...
December 20, 2023
(Bloomberg) -- Chinese banks held their benchmark lending rates after a similar move by the central bank, bolstering expectations that further monetary easing will take place in early 2024.Most Read from BloombergApple Races to Tweak Software Ahead of Looming US Watch BanApple to Halt US Sales of Smartwatches After Patent LossTrump Should Be Barred From US Presidency, Colorado Court SaysWhat If Putin Wins? US Allies Fear Defeat as Ukraine Aid StallsCiti Suit Raises #MeToo Claims at Wall Street&#...
December 17, 2023
(Bloomberg) -- For the China bulls on Wall Street, 2023 is a year to forget.Most Read from BloombergMike Johnson May Be the Next House Speaker to Lose His JobHarvard College Early Applications Drop 17% From Last YearNetanyahu, Under Pressure Over Hostage Deaths, Vows to Press On‘Underwater’ Car Loans Signal US Consumers Slammed by High RatesChina’s iPhone Ban Accelerates Across Government and State FirmsGlobal investment banks turned almost unanimously optimistic on the mark...
December 5, 2023
(Bloomberg) -- A prominent Hong Kong activist accused of violating a national security law said she left for Canada and effectively planned to go into self-imposed exile, a move denounced by the city’s authorities. Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsIsr...
November 20, 2023
(Bloomberg) -- Taiwan’s main opposition parties are running out of time to form a joint ticket in a presidential election that would bolster their chances of unseating an incumbent party with rocky ties to Beijing.Most Read from BloombergOpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board RoleThe Doomed Mission Behind Sam Altman's Shock Ouster From OpenAIOpenAI Board Urged by Microsoft, Investors to Restore AltmanAltman Sought Billions For Chip Venture Before O...
November 16, 2023
(Bloomberg) -- Investors of Taiwan’s assets may take heart from the latest twist in the presidential race, as a tie-up of opposition candidates raises the odds of a more China-friendly government taking post from 2024. Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedTrudeau Faces Calls to Exit With His Party Trailing in PollsRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexSpaceX Wei...
September 20, 2023
(Bloomberg) -- China’s central bank said it has sufficient policy space to support the economy’s recovery, adding to expectations there could be more easing to come, including interest rate cuts, after this month’s pause. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingTrudeau’s Murder Claim Risks Upending US Courtship of IndiaIndia, Canada Trade Diplomat...
August 31, 2023
Chinaโs manufacturing contraction eased slightly in August and a gauge of new orders improved, providing some hope that the worst of the sectorโs slump may be ending. The official manufacturing purchasing managersโ index rose to 49.7, topping estimates and edging closer to the 50 level that would signal activity has…
August 29, 2023
(Bloomberg) -- Chinese stocks surged at the open Monday after authorities took a raft of steps to bring investors back to one of the world’s worst-performing equity markets. But most of the gains were gone by the end of the session, with foreign funds extending what’s set to be a record outflow this month.Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersChina’s Worsening Economic Slowdown Is Rippling A...
August 25, 2023
(Bloomberg) -- Strategists may be getting increasingly bearish on the yuan but their words are failing to resonate with option traders who see very little chance of the currency falling to some of the most pessimistic levels forecast.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashed Jet...