Bloomberg
Chinese Developers' Liquidity Woes May Harm Banks: BI
Analysts at Bloomberg Intelligence see trouble brewing for Chinese banks. A report shows that possible liquidity issues for companies like Country Garden and other developers may threaten the asset quality of some of these banks....
Bloomberg
UK House Prices Decline at Fastest Pace Since 2009
British home prices fell 3.8% last month, the third straight month that prices had fallen at their fastest pace since the global financial crisis in 2009. Katie Linsell reports on Bloomberg Television.
Bloomberg
Societe Generale's Yao on China stimulus, APAC Economy
Wei Yao, Asia Pacific Head of Research and Chief Economist at Societe Generale, discusses Beijing's latest stimulus messages, as well as what she expects from the Reserve Bank of Australia. She speaks with David Ingles and Rishaad...
Bloomberg
Taking a Closer Look at China's Economy
Jacqueline Rong, chief China economist at BNP Paribas, discusses China's economy, growth for the country and her outlook for the property sector. She speaks on Bloomberg Television.
Bloomberg
Powell Says FOMC to Take Data-Dependent Approach on Future Hikes
Federal Reserve Chairman Jerome Powell speaks about the decision by the Fed's policy-setting Federal Open Market Committee to raise its benchmark interest rate by 0.25%.
Bloomberg
China Holds Off on Big Stimulus, Signals Property Easing
The Chinese Communist Party's 24-member Politburo the top decision-making body led by President Xi Jinping signaled more support for the troubled real estate sector alongside pledges to boost consumption and resolve local government...
Bloomberg
Does China Need a Major Stimulus?
Eva Lee, head of Greater China equities at UBS Global Wealth Management Chief Investment Office, talks about the Chinese government's efforts to support the economy and the implications for financial markets. China's top decision-making...
Bloomberg
Chinese Developers' Dollar Bonds Bounce on Stimulus Plan
Chinese developers such as Longfor and Country Garden jump after the country's top leadership vowed to optimize and adjust property policies to ensure the sector's healthy development. Alice Huang reports on Bloomberg Television.
Press Association
Gove 'completely' stands by Tory manifesto commitment to build 300,000 homes a year by the mid 2020s
Housing Secretary Michael Gove has said he “completely” stands by the Tory manifesto commitment to build 300,000 homes a year by the mid 2020s.
Asked after a speech in London’s King’s Cross, he said: “The 300,000 target by the middle...
Bloomberg
Expect Selective Policy Support for China Developers: Li
"We are likely to see more selective and localized policy measures to support developers." Lillian Li, vice president and senior credit officer at Moody's, discusses China's property developers and her outlook for the sector. She speaks...
Bloomberg
Don't Expect a Full Package of Stimulus in China: Pimco
"We don't expect a full package of stimulus from China's government." Annisa Lee, executive vice president and head of credit research at Pimco, discusses China's Communist Party Politburo meeting, expected stimulus measures and her...
Press Association
Sunak confirms new housing to be focused in cities as Gove announces reforms
The Prime Minister said the bulk of Britain’s new homes will be built in major cities as he vowed not to “concrete over the countryside”.
Ahead of planning reforms due to be announced by Housing Secretary Michael Gove, Rishi Sunak has...
Bloomberg
Sonders: We've Had a Rolling Recession
Liz Ann Sonders, chief investment strategist at Charles Schwab, talks about taking risk, the housing market and her investing strategy. She's on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis,...
Bloomberg
Wanda Says It's Finalizing Asset Disposal
Property firm Dalian Wanda Group rallied by a record Thursday in credit markets as a key unit told some creditors it's finalizing an asset disposal to help pay down a dollar bond due in just days. Kevin Kingsbury reports on Bloomberg...
Bloomberg
China Junk Bonds Suffer Worst Slide of 2023
China's high-yield dollar bonds suffered their sharpest three-day selloff this year, with a fresh default from a state-backed developer underscoring how a liquidity crisis is worsening even for those with funding access. Kevin Kingsbury...
Bloomberg
China Evergrande Posts $81 Billion in Losses Over Two Years
Indebted developer China Evergrande Group has finally reported financial results for the last two years, and the numbers show losses of more than $80 billion. Annabelle Droulers reports on Bloomberg Television.
Bloomberg
Sharif: Fed Could Skip September Rate Hike
Omair Sharif, Inflation Insights President and Founder, told Alix Steel and Guy Johnson the Federal Reserve may skip a rate hike in September. Sharif said this Wednesday morning on "Bloomberg Markets: Americas."
Bloomberg
China Signals More Economic Support After Property Debt Relief
China will extend policies to support cash-strapped developers and shore up the ailing real estate sector, and is signaling more economic support measures are imminent. James Mayger reports on Bloomberg Television.
Bloomberg
PBOC Seeks to Reassure Against Yuan Slump
A paper backed by China's central bank says policy makers have ample tools to stabilize the foreign exchange market even if the yuan enters a panic slide. Catherine Ngai reports on Bloomberg Television.
Bloomberg
Reserve Bank of Australia Keeps Key Rate Unchanged at 4.10%
The Reserve Bank of Australia has kept its key interest rate unchanged at 4.1% in a decision predicted by 19 of 32 economists surveyed by Bloomberg. Kathleen Hays reports on Bloomberg Television.
Press Association
Bibby Stockholm - barge set to house asylum seekers remains in Falmouth
The Bibby Stockholm barge - which is set to house asylum seekers off the coast of Dorset - remains in Falmouth as protesters plan demonstrations to stop it leaving on Friday.
Press Association
Protesters demonstrate against barge set to house asylum seekers
Protesters demonstrated against the Bibby Stockholm, a barge which is set to house asylum seekers off the coast of Dorset, on Friday ahead of it's supposed departure.
Bloomberg
UK Latest: Annual House Prices Decline Most Since 2009
The decline in UK house prices accelerated in June, according to Nationwide Building Society, likely fueling concerns about the impact of soaring mortgage rates on borrowers during a cost-of-living crunch. Lizzy Burden reports on...
Press Association
Bibby Stockhom: Protesters demonstrate against barge set to house asylum seekers
Protesters demonstrate outside A&P, a ship repairer and converter in Falmouth, against the Bibby Stockholm, a barge which is set to house asylum seekers off the coast of Dorset.