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Breaking news and analysis on global financial markets ( feed imported by https://press.coop )
Sweden’s Property Hopes Dashed as Convertible Bond Sale Pulled A tentative funding revival in Sweden’s commercial property sector suffered a setback on Wednesday after a landlord was forced to scrap a convertible bond sale owing to a lack of demand. #press image
Luxury Nikki Beach to Open Homes in Newest UAE Billionaire Haven An international luxury beach club is tying up with a United Arab Emirates-based developer to bring branded residences to Ras Al Khaimah, a city about 45 minutes from Dubai that’s increasingly positioning itself as a haven for high net worth individuals. #press image
PE Opportunities: Schwarzman, Scemama, Meister at IPEM It’s been a tough year for dealmaking with higher interest rates, geopolitical tensions and inflationary pressures taking their toll. Bloomberg's Dani Burger spoke to executives including Partners Group Chairman Steffen Meister, Axa Investment Managers' head of alternatives Isabelle Scemama and Blackstone CEO... #press image
UBP Says Likely to See Upside Risks in Dollar-Yen Peter Kinsella, global head of foreign exchange strategy at Union Bancaire Privee, talks about the Japanese yen, the Chinese yuan and central banks' policies. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia." (Source: Bloomberg) #press image
Australia Ends Fight to Eradicate Bee Killer After Rapid Spread Australia has given up the fight to eradicate a deadly parasite that’s ravaged bee populations across the world after the pest spread rapidly across New South Wales, the nation’s largest honey-producing region. #press image
Yellen Pushes for Action on Climate Change Treasury Secretary Janet Yellen talks about pushing for financial institutions to make voluntary net zero commitments and how the changes can be implemented. She speaks at the Transition Finance Action Forum on the sidelines of the United Nations General Assembly in New York City. (The forum was hosted by the parent company... #press
Marketing Firm Klaviyo Prices IPO Shares at $30 Each Marketing and data automation provider Klaviyo Inc. priced shares in its initial public offering at $30 each, above a marketed range, according to people familiar with the information who asked not to be identified because it wasn’t public yet. #press image
Saudi Football League Draws Fewer Fans Than Ryan Reynolds’ Wrexham Saudi Arabia’s football spending spree may have transformed it into one of the world’s biggest transfer markets, but relatively low attendance numbers and minuscule revenue from media rights illustrate the scale of the challenge facing the local league. #press image
China’s Equity Rout Puts at Risk $5 Billion Worth of Derivatives Held by Koreans The persistent weakness in Chinese stocks listed in Hong Kong augurs ill for risk-loving retail investors in South Korea, given their exposure to the market through complicated structured products. #press image
Bloomberg Surveillance 09/18/2023 Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio. (Source: Bloomberg) #press image
Pot Stock Rally Burns Short Sellers for $105 Million in Losses A surge in shares of cannabis companies has saddled short sellers with more than $105 million in losses this year, but that hasn’t stopped traders from betting against the sector. #press image
Roubini Says BOE and ECB Must Raise Rates to Avoid ‘Stagflation’ The European Central Bank and the Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. #press image
Instacart’s Long-Awaited IPO to Test CEO’s Pivot, Market Rebound Online grocery startup Instacart has been flirting with an initial public offering for years and is finally set to take the plunge Monday in another bellwether listing for a still-anxious market. #press image
Bond Market at Risk of Third Annual Loss Needs a Dot-Plot Rescue Federal Reserve policymakers’ updated forecasts for their benchmark interest rate, due Wednesday, are looming as a key potential decider for a US Treasuries market at risk of a third straight year of losses. #press image
Germany's Baerbock on Ukraine War, US Leadership German Foreign Minister Annalena Baerbock discusses ongoing global fallout of the war in Ukraine, as well as US relations with Germany going into the 2024 US Election. Baerbock speaks to Bloomberg's Annmarie Hordern in New York. (Source: Bloomberg) #press image
Brazil Energy Chief Piles Pressure on Petrobras to Pay Tax Debts Brazil’s state-controlled oil company Petrobras must settle a dispute involving billions of reais in back taxes with the federal government to show it has a duty to the country and not only to its private investors, according to the nation’s energy minister. #press image