Three of South Africa’s biggest retailers are turning to new leadership to revive growth or accelerate turnaround plans as competition intensifies in one of the continent’s most developed consumer markets.
"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)
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.
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.
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.
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)
“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)
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.
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'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)
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 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 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.
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)
