Showing posts with the label Bloomberg News.

China Says It'll Quickly Implement Trade Agreements With U.S.

Xi Jinping, left, with Donald Trump along with members of their delegations on Dec. 01. Photographer: Saul Loeb/AFP via Getty Images Photographer: Saul Loeb/AFP via Getty Images China said Wednesday the trade meeting with the U.S. was “very successful” and is “confident” of implementing the results agreed upon at the talks, but didn’t provide any further details on the outcome. China will start to quickly implement specific items where there’s consensus with the U.S., and will push forward on trade negotiations with the U.S. within the 90-day "timetable and road map." The Ministry of Commerce’s statement was the first official confirmation from China that there’s a 90-day window for the talks, although there

Elon Musk Has a Plan to Quiet Tesla Critics for Good I Bloomberg News

Image By Lu Wang and Elena Popina When you think of companies going private, your first thought isn’t tech firms with no earnings and a $65 billion valuation. But from now on it will be after Elon Musk’s Tuesday afternoon bombshells . Tesla Inc.’s founder took annoyance with short sellers and his campaign against myopic thinking to new heights, tweeting that he has financing to take the electric-car maker private for $420 a share. The ensuing rally burned bears to the tune of $800 million. Take a look: Tesla’s crazy day, in one chart As a market operator, Tesla is a study in extremes. Its 47 percent annualized gain since 2010 has done nothing to quiet an exceedingly vici

Putin's Sanctioned Ally May Win Quarter of Russian Gold Reserves | Bloomberg News - January 25, 2017

Image   @YFEDORN More stories by Yuliya Fedorinova     January 25, 2017, 5:00 AM GMT-5 January 25, 2017, 10:09 AM GMT-5 More than 100 auto factories closed under last two presidents Profitable carmakers now being lured with eased rules, taxes

Bloomberg Gold News - July 7, 2016: Gold Assets Top 2,000 Tons as the Clamor Havens Grows Louder Bloomberg News Global gold holdings topped 2,000 metric tons for the first time in three years as the Brexit fallout and speculation that U.S. interest rates won’t rise anytime soon sent investors hunting for a haven.

Bonds, Commodities, Emerging Markets All Buoyed by Central Banks: Bloomberg News - June 8, 2016 James Regan, Kelly Gilblom Bonds rose with commodities and emerging markets on speculation that central banks will persist with policies that support financial markets.

Bloomberg News - June 7, 2016: Euro Economy Grows Faster as Consumption Gathers Pace. Catherine Bosley cbSwiss   The euro-area economy grew faster than previously estimated at the start of the year, driven by investment and a pickup in consumer spending.

Bloomberg News - June 7, 2016: AB InBev Sweetens Offer to South African Union to Hrl SAB Deal, by Liezel Hill Liezel Hill   Anheuser-Busch InBev NV proposed enhancing a South African employee-share program after a local union threatened to protest regulatory consent of its takeover of fellow brewer SABMiller Plc, as it seeks to clear the last hurdle for the deal’s approval there.

Bloomberg News - June 3, 2016: Jobs day | Lew Warns on China | Commodity Bull Market | Stocks Rise Ahead of Payrolls Data | Trump Gets Low Key Endorsement.

Jobs Day   At 8:30 a.m. ET the most important data point in the lead up to the Fed's June meeting is published when the Labor Department releases the Jobs Report for May . The median estimate of economists surveyed by Bloomberg points to the payrolls climbing 160,000 in May, the same as in the previous month. One factor that will depress the number is the strike by workers at Verizon Communications Inc., which could affect the jobs print by as much as 40,000. Market-implied odds of a Fed hike in June have been falling in recent days, and now stand at 22 percent, down from as high as 35 percent at the beginning of last week. Federal Reserve Bank of Chicago President Charles Evans said in London this morning that he can see a case for holding rates until inflation reaches 2 percent. Lew warns on China   Treasury Secretary Jacob J. Lew has said that China's overcapacity is "distorting markets and important global commoditie

Bloomberg News - June 3, 2016: Brazil Exploding Debt-to-GDP Is Going to Become a Problem Soon.   Jonathan Levin, Ye Xie   Reining in Brazil’s mammoth budget is no small feat, no matter how good you are. Cut discretionary spending, and risk blowback from an already frustrated electorate. Raise taxes, you could exacerbate the nation’s crushing recession. Privatize government companies? Beware the wrath of the unions. Shrink social security? It’ll take decades to manifest itself on the nation’s balance sheet. And that doesn’t even start to address Brazil’s massive interest tab.

Bloomberg News - June 2, 2016: Saudi Arabia's Gesture for Opec Unity Meets Iran Resistance Wael Mahdi, Golnar Motevalli, Javier Blas Saudi Arabia faced resistance from Iran to proposals to restore a production target scrapped at OPEC’s last meeting in December as persistent divisions within the producer group undermined efforts to build unity.

Bloomberg News - May 25, 2016: New York, London on Notice as China Covets Commoddity Pricing. Bloomberg News   China has put the world’s traditional financial centers on notice that it wants to develop its raw material markets as hubs for setting prices, seeking to marry the country’s commercial heft with a much greater say in determining how much commodities cost.

Bloomberg News - May 16, 2016: Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner Jesse Riseborough JP_Riseborough Saijel Kishan   Billionaire George Soros cut his firm’s investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world’s biggest bullion producer Barrick Gold Corp.

Bloomberg News | Gold - May 16,2016: Central Bankers' Wisdom Faulted as Gold Holdings Surge 25%. Ranjeetha Pakiam   The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide.

Bloomberg News - April 1, 2016: Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era. Deputy Crown Prince. John Micklethwait   Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets.

Bloomberg News - March 8, 2015: Leaked List Shows HSBC’s Swiss Arm Helped Putin Allies, Drug Lords and Fugitives Hide

Leaked List Shows HSBC’s Swiss Arm Helped Putin Allies, Drug Lords and Fugitives Hide (Bloomberg) -- The private-banking unit of HSBC Holdings Plc made significant profits for years handling secret accounts whose holders included drug cartels, arms dealers, tax evaders and fugitive diamond merchants, according to a report released Sunday by an international news organization. HSBC is among a handful of banks to face criminal prosecution in recent years for its role in a Swiss banking system that allowed depositors to conceal their identities, and in many cases dodge taxes or launder ill-gotten cash. The report, prepared by the Washington-based International Consortium of Investigative Journalists, revealed for the first time the massive sweep of HSBC’s private-banking arm as of 2007, when it controlled $100 billion in assets and served a swath of wealthy depositors from the elite to the illicit. HSBC shares fell 2.2 percent to 607.10 pence at 2:23 p.m. in London, giving the bank