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Erdogan Seals Election Victory in Turkey to Defy Naysayers
Turkish President Recep Tayyip Erdogan has sealed a reelection win on Sunday. His victory raises the prospect of more friction with Western governments and international investors. Onur Ant reports on Bloomberg Television.
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Economists Trim China GDP Forecasts, See RRR Cut Sooner
Economists surveyed by Bloomberg now expect China's gross domestic product to expand 5.5% this year from a year ago, edging down from a prior estimate of 5.6%. They also said the central bank will likely cut the reserve requirement ratio...
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BOJ Not Targeting Wage Growth Itself, Ueda Says
Bank of Japan Governor Kazuo Ueda played down the importance of wages or any single economic dataset as a trigger for policy change Thursday in his first group media interview since assuming his role last month. Ueda remarked, "the key...
Bloomberg
Japan Story Is Very Convincing, Citi Global Wealth Says
Ken Peng, head of Asia Pacific investment strategy at Citi Global Wealth Investments, shares his views on regional financial markets and economies. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Asia." (Excerpts)
Bloomberg
Chinese Stocks Wipe Out 2023 Gains Amid Headwinds
China's benchmark CSI 300 stock index has erased all its gains for the year. The index is among the worst performers in Asia this year, compared to double-digit gains in key gauges for Japan, South Korea and Taiwan. Sofia Horta e Costa...
Bloomberg
China Stocks: What Are the Catalysts Needed for Revival?
Chi Lo, senior market strategist for Asia Pacific at BNP Paribas Asset Management, discusses China's stocks, the economy and policies. China's benchmark CSI 300 stock index has erased all its gains for the year. Lo speaks with David...
Bloomberg
Kaplan Wants to See 'Hawkish Pause' by Federal Reserve
Former Federal Reserve Bank of Dallas President Robert Kaplan discusses monetary policy. Fed officials are leaning toward pausing interest-rate increases at their meeting in June amid heightened uncertainty over the outlook, but signaled...
Bloomberg
RBNZ Says Interest Rates Need to Remain at Restrictive Level
"The committee agreed that the level of interest rates are constraining spending and inflation pressure and that the OCR will need to remain at a restrictive level for the foreseeable future." Reserve Bank of New Zealand Governor...
Bloomberg
This Is Last Hike in the Cycle for RBNZ: UBS WM's Tan
"This is the last hike in the cycle for RBNZ." Teck Leng Tan, APAC FX & macro strategist at UBS Wealth Management, discusses the Reserve Bank of New Zealand policy decision, the Australian dollar and his outlook for the US dollar. He...
Bloomberg
RBNZ Raises Key Interest Rate to 5.5% From 5.25%
New Zealand's central bank raised interest rates by a quarter of a percentage point and said it has done enough to tame inflation. Kathleen Hays reports on Bloomberg Television.
Bloomberg
Japan Economy to Growth Faster Than US and Europe, CLSA Says
"We have a combination of stronger growth, stronger wage growth and a still accommodative central bank." Eric Fishwick, chief economist at CLSA, discusses the prospects for Japan's economy and central bank policy. He speaks from the...
Bloomberg
Markets Are Occupied With When Fed Will Cut: Holtze-Jen
"Markets are occupied with finding out when Fed will cut." Stefanie Holtze-Jen, APAC chief investment officer at Deutsche Bank International Private Bank, discusses the impact of Federal Reserve policy on markets, inflation and her...
Bloomberg
Don't Confuse Fed Pause With End of Tightening Cycle: Wang
"Don't confuse a pause with the end of the tightening cycle, because Fed has more work to do." Qian Wang, chief Asia Pacific economist at Vanguard Group, discusses the impact of Federal Reserve policy on Asian central banks. She speaks...
Bloomberg
India Looks Like a Beacon of Light: Deveshwar
"India looks like a beacon of light, given all the doom and gloom around." Shumita Deveshwar, chief India economist at TS Lombard, discusses India's growth, inflation and Reserve Bank of India policy. She speaks on Bloomberg Television.
Bloomberg
Cash Squeeze Risks Hurting India's Economic Recovery
The cash crunch in India is pushing short-term borrowing costs above a key policy interest rate and is posing more risks to the economy. Menaka Doshi and Subhadip Sircar report on Bloomberg Television.
Bloomberg
Philippine Central Bank May Cut Key Rate if Fed Cuts, Governor Says
Philippine central bank Governor Felipe Medalla discusses monetary policy and foreign exchange market intervention. The Bangko Sentral ng Pilipinas on Thursday halted its most aggressive monetary tightening in two decades amid easing...
Bloomberg
WealthWise Financial CEO on US Markets
WealthWise Financial CEO Loreen Gilbert discusses the stakes of Washington's debt ceiling debacle and her positioning in the event that a deal is reached. She speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia".
Bloomberg
Fed Officials Add 'Skip' to Rate Debate
Federal Reserve officials seem more divided than ever over continuing rate hikes or pausing. Another possibility that's being discusses is a skip. Kathleen Hays reports on Bloomberg Television.
Bloomberg
Japan Is Still Extremely Cheap, Says CLSA's Smith
"Japan is still extremely cheap." Nicholas Smith, Japan strategist at CLSA, discusses the rally in Japanese equities, his investment strategy and where he's finding opportunity. He speaks on Blomberg Television.
Bloomberg
RBI Dividends to Modi Government May Double
The Reserve Bank of India board may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit. Menaka Doshi and...
Bloomberg
Bridgewater's Stendevad on Sustainable Investing
Carsten Stendevad, co-chief investment officer for sustainability at Bridgewater Associates, discusses the reason for making sustainable investing such a big priority. He speaks at the Bloomberg Sustainable Finance Forum in New York.
Bloomberg
Fed's Goolsbee Says It's Too Soon to Talk Rate Cuts
Chicago Fed President Austan Goolsbee says it's too premature to talk about cutting interest rates. "I haven't committed or decided anything," he says about the meeting in June. Goolsbee spoke extensively with Bloomberg's Michael McKee....
Bloomberg
Fed's Bullard on Policy, Labor Market, Economy
Federal Reserve Bank of St. Louis President James Bullard discusses policy, strength of the labor market, and outlook for the US economy with Bloomberg's Mike McKee on "Bloomberg Surveillance."
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Franklin Templeton CEO: Surprised if Fed Doesn't Raise Rates by 25 Bps
Franklin Templeton Chief Executive Officer Jenny Johnson discusses Federal Reserve policy, the issues in the banking sector, the outlook for markets and the opportunities she sees. She also shares her firm's strategy for Asia. She speaks...