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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 )
Pound Gets Boost as UK Vote Nixes Holdout Bets on June Rate Cut The pound’s peer-beating rally received another boost this week as an interest-rate cut by the Bank of England next month became virtually unthinkable to traders. #press image
Geopolitical Risk After Raisi's Death The death of Iranian president Ebrahim Raisi raises a serious question about the future of one of the most powerful jobs in the Middle East: who or even what can succeed Supreme Leader Ayatollah Ali Khamenei. Bloomberg News' Ziad Daoud discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) #press
Bets on BOJ Hike Spur Biggest Rush to Yen Bond Market Since 2019 Overseas issuers sold yen bonds at the fastest pace in five years so far this month, chasing cheap funds before an expected interest rate hike by the Bank of Japan pushes up borrowing costs. #press image
Builder Vanke Securitizes Some Private Debt to Delay Payments China Vanke Co. has swapped some of its privately issued debt held by insurers into asset-backed securities, as the builder works to further push back already deferred payments, people familiar with the matter said. #press image
Xi Hints at Housing, Job Reforms as Priorities for Third Plenum Chinese President Xi Jinping urged deeper reforms for some of the country’s key sectors as investors look for hints on major policy shifts to be revealed at the upcoming party conclave. #press
Pick n Pay Sees Loss as Retailer Takes $155 Million Impairment Pick n Pay Stores Ltd. expects to report a full-year loss as South Africa’s third-biggest grocer takes a 4 billion-rand ($155 million) impairment on unprofitable stores. #press image
Vanguard Names BlackRock Veteran Salim Ramji as Next CEO Vanguard Group named Salim Ramji, who oversaw exchange-traded funds and index investing at BlackRock, as its next chief executive officer, succeeding Tim Buckley and becoming the first outsider to lead the firm famed for revolutionizing investing with the index fund. Eric Balchunas of Bloomberg Intelligence has... #press https://www.bloomberg.com/news/videos/2024-05-15/vanguard-names-salim-ramji-as-next-ceo-video?utm_source=press.coop image
World’s Top Coffee, Soy and Sugar Supplier Wants to Rule Cocoa, Too More than 30 years after Brazil’s once-thriving crop was nearly decimated by disease, a shortfall on the other side of the Atlantic gives farmers a foothold. #press image
Macron Dodges Debt Warning as Rating Firms Hold Views on France Emmanuel Macron avoided a reprimand of his stalling efforts to tackle France’s bloated debt burden as two rating firms kept their assessments of the country’s creditworthiness unchanged. #press image
Prabowo’s Indonesia Election Win Challenged on Fraud Claims Two Indonesian presidential candidates are disputing the election body’s declaration that Prabowo Subianto won last month’s presidential vote, alleging fraud in the process. #press image
Loan Deadline Looms for China Life’s Emptying Canary Wharf Tower China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s highest vacancy rates. #press image
Ukraine Mulls Drafting Convicts to Replenish War-Battered Troops Ukrainian lawmakers plan to consider a bill that would allow prison inmates to join the war effort as the nation seeks ways to bolster manpower on the front lines after recent Russian advances. #press image
Goldman Hybrid Capital Americas Co-Head Lee Becker Exits Goldman Sachs Group Inc. veteran Lee Becker, who was co-head of Hybrid Capital Americas in the firm’s asset- and wealth-management arm, has left after more than 17 years, according to people with knowledge of the matter. #press image
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