Bloomberg
Powell Says Fed 'Proceeding Carefully' on Policy Path
Federal Reserve Chair Jerome Powell said, "given the uncertainties and risks, and how far we have come, the committee is proceeding carefully," as the US central bank considers the path of policy. Powell spoke Thursday to the Economic...
Bloomberg
Collins: Fed Rates Need to Be Restrictive for Some Time
Federal Reserve Bank of Boston President Susan Collins says rates "are likely very near, and perhaps at, the peak for this tightening cycle" during an event at Wellesley College in Massachusetts on October 11.
Bloomberg
Siemens Healthineers CEO Says China Decoupling Completed
Siemens Healthineers CEO Bernd Montag says the firm has ring-fenced its Chinese supply chain from other regions, a move intended to shield the company's operations from escalating trade and geopolitical tensions. Speaking exclusively to...
Bloomberg
JPMorgan Is 'Neutral' on Equities With Preference for US and Japan
Kerry Craig, global market strategist at JPMorgan Asset Management, discusses Treasury yields, US stocks, and the opportunities he sees in other markets. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg Daybreak: Asia."
Bloomberg
Some Private Equity Firms Are Borrowing at as Much as 19%
Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system. The loans ...
Bloomberg
China Growth Target Hangs in Balance
A new survey of economists on the Chinese economy suggests that China will just about meet its growth target for the year at about 5%. Bloomberg Economics' Chang Shu discusses the data on Bloomberg Television.
Bloomberg
JPMorgan's Mangla: Indian IPO Market Will Gradually Open
Achintya Mangla, head of global equity capital markets at JPMorgan, discusses India's markets, the country's IPO pipeline and his outlook for China's economy. He speaks exclusively on Bloomberg Television from the sidelines of the...
Bloomberg
Larry Summers Says Fed Caught Up in Soft Landing 'Optimism'
Former Treasury Secretary Lawrence Summers says it is "more likely than not" that the Federal Reserve will be surprised by the persistence of higher inflation and weaker than expected economic growth. "I think that people are just a...
Bloomberg
UAW Members Continue Strike Against GM, Ford, Stellantis
Auto workers in the US continue to strike against General Motors Co., Ford Motor Co. and Stellantis NV as their union pushes for dramatic reset of the wage scales and working conditions. Keith Naughton reports on Bloomberg Television.
Bloomberg
Arm Opens 10% Above $51 IPO Price in Trading Debut
Bloomberg Intelligence Analyst Kunjan Sobhani joins Bloomberg's Sonali Basak to discuss Arm's IPO, with the stock rising as much as 15% in its trading debut after raising $4.87 billion in the year's biggest initial public offering. He...
Bloomberg
Chanos: China Needs to Shift to Different Economic Model
Jim Chanos, founder and president of Chanos & Co., says China will have to transition to a different economic model if it wants to keep growing at a reasonable rate during an interview with Scarlet Fu and Romaine Bostick on "Bloomberg...
Bloomberg
Evercore's Schlosstein on US Recession, Economic Uncertainty
Ralph Schlosstein, chairman emeritus at Evercore, discusses the chance of the US dodging a Recession, the risks of Federal Reserve policy, uncertainty on the US economy, and his view of M&A activity. He speaks on "The Pulse With Francine...
Bloomberg
First Look With Surveillance: Asia Currencies, Yellen
Dani Burger and Sonali Basak take you through what to watch today.
Bloomberg
China a Big Risk for Investors: Lagomasino
Mel Lagomasino, WE Family Offices CEO, provides her outlook for financial markets as China looks to restrict the use of iPhones by government employees. She speaks with Ed Ludlow and Caroline Hyde on "Bloomberg Technology."
Press Association
We are committed to safety in our public finances, says Paschal Donohoe
A watchdog has warned the Irish Government not to “repeat past mistakes” as it argued that a large budgetary package is not needed this year. The Irish Fiscal Advisory Council (IFAC) has said that the Irish economy is in an “unusually...
Bloomberg
Borish: No More Rate Hikes in 2023
Peter Borish, Computer Trading Corporation CEO doesn't expect the Fed to raise rates for the remainder of 2023, but warns of deflationary pressures of higher rates.
Bloomberg
El-Erian: Markets, Central Banks Have Become 'Overly Data-Dependent'
"I think the major issue is that the market has become overly data-dependent, just like our central banks have become overly data-dependent. So we're not looking beyond the next data release because we're worried about what will the Fed...
Bloomberg
China Asks Citic to Examine Finances of Zhongrong
China has requested an examination of the books of Zhongrong International Trust Co. by two of the nation's biggest financial firms, potentially paving the way for a state-led rescue of the troubled shadow lender. Sofia Horta e Costa...
Bloomberg
Robertson Stephens' Garretty on US Economy
Jeanette Garretty, Managing Director and Chief Economist at Robertson Stephens, discusses her outlook for the US Economy and reviews Fed Chair Powell's speech at the Jackson Hole Economic Symposium. She speaks with Shery Ahn and Haidi...
Bloomberg
South Africa's Kganyago: Job 'Not Yet Done' on Inflation
South African Reserve Bank Governor Lesetja Kganyago says the central bank's efforts to reduce inflation are "not yet done," aiming to bring the rate back to the 4.5% midpoint of its target range. He speaks from the sidelines of the...
Bloomberg
MIT Professor Forbes on Expectation From Jackson Hole
Kristin Forbes, Professor at MIT's Sloan School of Management, discusses her outlook for the economy and policy ahead of Federal Reserve Chair Jerome Powell's speech from Jackson Hole Wyoming. She speaks with Shery Ahn and Haidi...
Bloomberg
ADB's Chatterjee on Insurance Sector Outlook
Arup Chatterjee, principal financial sector specialist at the Asian Development Bank, discusses his outlook for changes and risk management for the insurance industry, as climate disasters continue over the summer globally. He speaks...
Bloomberg
Emerging-Market Bonds, Stocks Set for Worst Month Since Sept. 2022
Bonds and stocks from developing economies are poised for their worst monthly losses since last September. Maria Elena Vizcaino reports on Bloomberg Television.
Bloomberg
SARB Not in 'Solid' Rate-Hike Pause, Deputy Governor Says
South African Reserve Bank Deputy Governor Fundi Tshazibana discusses the outlook for interest rates, inflation and the economy in an interview on Bloomberg Television.