Press Association
Sunak: We will wait to announce where new barges to house asylum seekers will be
Rishi Sunak said that he would “wait to announce” where new barges, set to house asylum seekers, would be located. He said that the Government does “extensive engagement with local communities in advance of other large sites or barges”.
Bloomberg
BlackRock's Rosenberg: The Unemployment Rate Is 'Noisy'
Jeff Rosenberg, a senior portfolio manager at BlackRock, reacts to the monthly jobs report and says the unemployment rate is an extremely "noisy" series. He adds there's no data to support a Federal Reserve rate hike. He's on "Bloomberg...
Bloomberg
Harker Favors Fed Skipping Rate Hike at Next Meeting
"I think we can take a bit of a skip for a meeting," Federal Reserve Bank of Philadelphia President Patrick Harker says during an event at the Philadelphia Fed.
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Bloomberg
Collins: Fed May Be at or Near Point It Can Pause Hikes
"I believe we may be at, or near, the point where monetary policy can pause raising interest rates," Federal Reserve Bank of Boston President Susan Collins says at an event in Rhode Island.
Bloomberg
Roubini Says US Regional Banks Will 'Certainly' Suffer a Credit Crunch
US regional banks will "certainly" suffer a credit crunch, according to Nouriel Roubini, chairman and CEO at Roubini Macro Associates. "Estimates as of now is that a credit crunch is going to reduce economic growth in the US by at least...
Bloomberg
India's IT Ministry on Luring Tech, Apple
India is unveiling a $2.1 billion financial incentive plan to draw makers of laptops and tech hardware, as companies look to diversity supply chains beyond China. Rajeev Chandrasekhar, India's Minister of State for Electronics and...
Bloomberg
Zentner: We Don't Have a Credit Crunch
Morgan Stanley Chief US Economist Ellen Zentner talks about Federal Reserve monetary policy, the banking crisis and the resilience of the US economy. She speaks on "Bloomberg Surveillance."
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Bloomberg
India's IT Ministry on Luring Tech, Apple
India is unveiling a $2.1 billion financial incentive plan to draw makers of laptops and tech hardware, as companies look to diversify supply chains beyond China. Rajeev Chandrasekhar, India's Minister of State for Electronics and...
Press Association
Minister for the Environment Eamon Ryan announces the public service mandate 2023
Minister for the Environment Eamon Ryan announces the public service mandate 2023. Disposable cups, plates and cutlery will be banned from most public service buildings under a new public sector mandate agreed by Cabinet aimed at halving...
Bloomberg
China's Domestic Demand Is a Major Bottleneck: JPM's Zhu
"Domestic demand in China is a major bottleneck." Haibin Zhu, chief China economist at JPMorgan Chase & Co., discusses China's industrial output, retail sales and youth jobless rate and what the data means for the economy. He speaks on...
Press Association
Politics daily briefing: May 15
All the latest political developments in the UK as Suella Braverman will argue that there is “no good reason” the UK cannot train its own workforce of lorry drivers and fruit pickers, in a speech that will stress the need for overall...
Bloomberg
JPMorgan's Hui on Credit Suisse Crisis
Tai Hui, APAC Chief Market Strategist at JPMorgan Asset Management, discusses his market outlook and investment strategy amid the recent SVB fallout and Credit Suisse crisis. He speaks with David Ingles and Yvonne Man on "Bloomberg...
Bloomberg
Citi's Chua Reacts To China Activity Data
Johanna Chua, Chief Asia Pacific Economist at Citigroup Global Markets, says China's latest activity data reinforce the view that China's rebound "won't be a big boom" but is on a positive track. She speaks with Rishaad Salamat, David...
Bloomberg
AIA Group CIO on Implications of Alibaba's Restructure
Mark Konyn, CIO at AIA Group, says he finds Alibaba's plan to regroup into six units is a "major step forward" for investors. He speaks with Rishaad Salamat and Yvonne Man on "Bloomberg Markets Asia".
Bloomberg
RBA Leaves Cash Rate Target Unchanged at 3.60%
Australia's central bank paused its almost yearlong tightening cycle on Tuesday, keeping the cash rate target unchanged at 3.60%. Stephen Carroll reports on Bloomberg Television.
Bloomberg
Lombard Odier Is Still Bullish on Yen, Strategist Lee Says
Homin Lee, Asia macro strategist at Lombard Odier, discusses his strategy. He also shares his views on China's financial assets, the Japanese yen and the dollar. He speaks with Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak:...
Bloomberg
Bank of Korea Leaves Key Interest Rate Unchanged
The Bank of Korea kept its benchmark interest rate unchanged at 3.50%. Mark Cranfield reports on Bloomberg Television.
Bloomberg
How House Speaker McCarthy and President Tsai Ing-wen Meeting May Impact US China Relations
Bloomberg's Michael Shepard and Nancy Cook discuss House Speaker Kevin McCarthy meeting with Taiwan President Tsai Ing-wen and the unprecedented indictment of former President Donald Trump. They speak with Joe Mathieu and Kailey Leinz on...
Bloomberg
Federal Reserve's Mester: Rates Should Rise Above 5%, Stay for Some Time
Federal Reserve Bank of Cleveland President Loretta Mester said the central bank should move its benchmark rate above 5% this year and hold rates at restrictive levels for some time to quell inflation. She spoke at an event held by the...
Bloomberg
Fed's Daly Says More Rate Hikes May Not Be Needed
"There are good reasons to think that policy may have to tighten more to bring inflation down but there are also good reasons to think that the economy may continue to slow," Federal Reserve Bank of San Francisco President Mary Daly says...
Bloomberg
Hungary's Inflation Challenge
It's a policy puzzle looming over central banks around the world. How to tackle sky-high inflation during an economic slowdown. Hungary is a test case, with the highest inflation rate in the EU, though it faces some of its own unique...
Bloomberg
G-7 Foreign Ministers Meet Amid Geopolitical Concerns
Group of Seven foreign ministers began their meeting in Japan on Sunday a day after a man set off an explosive device at a port in the western prefecture of Wakayama, where Prime Minister Fumio Kishida was due to campaign for by-election...
Bloomberg
Fed's Waller: Still More Work to Do on Inflation
"Monetary policy needs to be tightened further," Federal Reserve Governor Christopher Waller says in a speech in San Antonio, Texas.
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Bloomberg
Mester Expects Fed to Reach 2% Inflation Goal in 2025
Federal Reserve Bank of Cleveland President Loretta Mester discusses her expectations for the Fed's interest rate path and outlook for reaching the central bank's inflation target in a speech in Akron, Ohio on Thursday.