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Bloomberg Markets :press:
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Breaking news and analysis on global financial markets ( feed imported by https://press.coop )
Korea to Review Risky Financial Products After China-Tied Losses South Korea plans to review the sale of potentially high-risk investments after a probe found that banks missold China-linked structured products to retail investors who are facing more than $4 billion in losses. #press image
Hong Kong’s Apartment Glut Is Set to Keep Prices Down After Tax Cut Hong Kong’s home sales have roared back to life since the government scrapped extra property taxes last month. A supply glut means a rebound in prices is likely to take much longer. #press image
ECB Must Take Bet on Rate Cut as Prices Abate, Wunsch Says European Central Bank Governing Council member Pierre Wunsch reiterated that policymakers will eventually have to lower borrowing costs without being completely sure that inflation is returning to the 2% target. #press image
Five Things You Need to Know to Start Your Day: Asia Good morning. The US and India wrestle with sticky inflation. Boeing’s woes reverberate across the airline industry. Stock rally meets with skepticism. TikTok looks for a plan. Here’s what’s moving markets. — Isabelle Lee #press image
Chinese Provinces Expand Options for Fixing LGFV Debt Strains Chinese local government financing vehicles are turning to more diverse fixes for spiraling debt, trying to avoid becoming the first such entity to default in public markets as their borrowing habits become a top economic agenda in Beijing. #press image
Argentina Swaps $50 Billion of Local Debt to Push Out Repayments Argentina swapped 42.6 trillion pesos ($50.4 billion) of local notes for longer date debt as President Javier Milei’s government moves to ease its repayment schedule, setting up the largest domestic rollover in the country’s history. #press
Ending ‘Korea Discount’ a Key Goal, Top Financial Regulator Says South Korea is determined to end a perennial discount of its stock market and create a system that encourages retail investors and companies to rely on equities to raise wealth and capital, the country’s top financial regulator said. #press image
Most Asia Stocks Eye Gains After US Shrugs Off CPI: Markets Wrap Most stocks in Asia look set to rise after the S&P 500 closed at a fresh record, with traders sticking to bets on Federal Reserve rate cuts for this year despite hotter-than-expected inflation data. #press image
Stock Investor With 1,900% Gain Breaks Long Silence in Japan For almost three decades, Stephen Butt’s company mostly stayed behind the scenes, a long-term investor in the tradition of Warren Buffett that saw little reason to draw attention to itself. #press image
San Francisco Mayor Candidate Wants Tax Breaks to Lure Tech Mark Farrell, running in San Francisco's Mayoral race, wants to offer tax breaks to bring tech firms back to the city. Farrell spoke to Bloomberg Television's Ed Ludlow on the day he unveiled a package of policies he hopes will fix the City's problems. (Source: Bloomberg) #press https://www.bloomberg.com/news/videos/2024-03-12/sf-mayor-candidate-wants-tax-breaks-to-lure-tech-video?utm_source=press.coop image
ECB in Broad Agreement to Cut Rates in Spring, Villeroy Says There’s broad agreement at the European Central Bank to begin lowering interest in the spring as the battle against inflation is being won, according to Governing Council member Francois Villeroy de Galhau. #press image