The Bank of Japan may raise interest rates two more times this year, but it should refrain from responding directly to the weak yen, according to Takatoshi Ito, a professor at Columbia University. from Bloomberg Markets https://ift.tt/o7fLmX9
Golden Goose is launching a primary offering of €100 million ($108 million) in an initial public offering in Milan as the Italian luxury sneaker brand aims to strengthen its capital structure and reduce debt. from Bloomberg Markets https://ift.tt/Xnv7Pci
Luxury hotel operator Shangri-La Asia Ltd. is tapping the onshore Chinese bond market for the first time, as diverging interest rates have made yuan borrowings significantly cheaper than debt denominated in other major currencies. from Bloomberg Markets https://ift.tt/91v23CN
Large US banks may be more exposed to commercial property than regulators appreciate because of credit lines and term loans they provide to real estate investment trusts, according to a new study. from Bloomberg Markets https://ift.tt/KmIsZAh
China’s central bank said President Xi Jinping’s idea of a “powerful currency” is one that is stable and easy to use, as it pledged to play a key role in developing a competitive financial system and supporting the top leader’s strategy. from Bloomberg Markets https://ift.tt/axvWzXQ
Debt that can become equity has become all the rage in Asia, where issuers are increasingly turning to the instrument to get cheap money in an environment of high interest rates. from Bloomberg Markets https://ift.tt/I9jreNY
Unable to press his target to the negotiating table, BHP Group boss Mike Henry on Wednesday walked away from a bold bid to buy smaller rival Anglo American Plc, cheering investors eager to see proof the miner will not pursue deals at any cost. from Bloomberg Markets https://ift.tt/DPOkLUe
Israel probably won’t be able to defeat Hamas before the end of the year, its national security adviser said, underscoring the difficulty the country faces in achieving its stated aim of crushing the Islamist group in Gaza. Niamh McBurney, Control Risks Associate Director discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg…
South Africa’s central bank is set to leave interest rates unchanged, staying the course in the inflation fight amid political uncertainty one day after the country’s tightest election in 30 years. from Bloomberg Markets https://ift.tt/Ajv1qQp
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