PRESS RELEASE. The Kinetex team is thrilled to announce its integration with Gnosis Pay, the world’s first on-chain self-custodial account that connects the traditional payment rails to Web3 rails. This collaboration provides a straightforward and fast way to top up balances from Bitcoin, Ethereum, and other EVM-compatible tokens by swapping them to EURe via Kinetex’s…
Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Saudi Aramco as soon as Sunday that could raise more than $10 billion, according to people familiar with the matter. Bloomberg News’ Stephen Stapczynski discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/foDyKM6
Asia’s largest commercial real estate investment trust said Hong Kong authorities should resume issuing multi-entry permits for Shenzhen visitors to boost retail spending. from Bloomberg Markets https://ift.tt/qLsZQEM
Toyota Motor Corp.’s sales and production growth went into reverse in April, after a temporary suspension of Prius deliveries and a lull in Japan and China negated double-digit growth in Europe and North America. from Bloomberg Markets https://ift.tt/hNo5JyW
Last year, the two managers of a contrarian value fund outperformed 95% of peers by loading up on out-of-fashion UK stocks. In 2024, they’re strengthening this bet while steering mostly clear of US equities. from Bloomberg Markets https://ift.tt/p8yPJml
David Lubin, Citi Advisor & Senior Research Fellow at Chatham House, says China will need substantial fiscal loosening to get out of deflation, but authorities are reluctant to deliver it. He speaks with David Ingles and Yvonne Man on “Bloomberg: The China Show” from the sidelines of the Citi Macro Pan-Asia Investor Conference. (Source: Bloomberg)…
A confluence of tailwinds is helping Malaysian equities outperform the region and the return of foreign funds points to further gains. from Bloomberg Markets https://ift.tt/UxHE8iB
Indraprastha Gas MD Kamal Kishore Chatiwal discusses the extent of the impact of India’s heat wave on power demand. He speaks with Haslinda Amin on “Bloomberg Markets: Asia.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/9xTV6u4
India’s stocks, bonds and currency are among the most attractive plays across emerging markets, thanks to a vibrant economy and policies that shield the country from global markets, according to Goldman Sachs Group Inc. from Bloomberg Markets https://ift.tt/yF5DlcG
Justice Alito rejected calls to sit out pending cases involving Trump, saying he had nothing to do with his wife raising MAGA-associated flags at the couple’s homes. https://www.wsj.com/politics/policy/alito-rejects-recusal-calls-over-flying-of-maga-associated-flags-at-his-homes-1e8dcd9a