Much of South and South East Asia have been sweltering under a severe heat wave, one that has caused power outages and deaths across the region. It’s a problem aggravated by a changing climate, and poor urban design. Bloomberg’s Paul Allen has more. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/yVcdSDo
At least 45 people were killed in a strike on Rafah, according to the Hamas-run health ministry. https://ift.tt/XYCoUsu May 28, 2024 at 04:29AM
Investing veteran and ChinaAMC CEO Yimei Li is upbeat on China’s prospects, and that optimism frames her views on a wide range of subjects ranging from Chinese equities to whether crypto ETFs will find traction with mainland investors. Li shares those insights and more in the second installment of our Tiger Money podcast. New episode…
Protesters are gathering in Taipei as opposition lawmakers try to push through controversial legislation giving them greater investigative powers and effectively curbing the authority of President Lai Ching-te. from Bloomberg Politics https://ift.tt/foFDNvR
China’s government has set up the country’s largest-ever semiconductor investment fund to propel development of the domestic chip industry. This comes as Beijing looks to achieve technology self-sufficiency to bypass intensifying US restrictions. Peter Elstrom reports on Bloomberg Television (Source: Bloomberg) from Bloomberg Markets https://ift.tt/hqMIFQV
Gold edged higher in early Asian trade. Prices were getting a lift from a more dovish tone from central banks, ANZ Research analysts said. https://www.wsj.com/articles/gold-edges-higher-on-interest-rate-cut-optimism-b9ea682f
ABN Amro Bank NV agreed to buy German lender Hauck & Aufhäuser Lampe Privatbank AG from Fosun International Ltd. for €672 million ($730 million), expanding the Dutch company’s reach in wealth management. from Bloomberg Markets https://ift.tt/ZhU8G9s
JGBs consolidated in the morning Tokyo session, but may be weighed by prospects of more BOJ policy normalization sparked by Monday’s comments from BOJ Gov. Ueda and Deputy Gov. Uchida. https://www.wsj.com/articles/jgbs-consolidate-may-be-weighed-by-prospects-of-boj-normalization-b05c2404
Argentine President Javier Milei fired his cabinet chief Nicolas Posse Monday as the government’s major reform bill has stalled in congress, marking the most high-level departure since Milei took office Dec. 10. from Bloomberg Markets https://ift.tt/DFYN8rX
A North Korean rocket carrying a spy satellite blew up shortly after liftoff in a setback for leader Kim Jong Un, who went to Russia last year seeking help to place an array of reconnaissance probes into orbit. from Bloomberg Politics https://ift.tt/ZhoiVpx