Tohoku Electric Power Co. shares surged the most since 2013, leading other Japanese utilities higher, on signs its Onagawa No. 2 nuclear reactor is on track for a restart around September. from Bloomberg Markets https://ift.tt/5l82a70
Citigroup Inc. remains positive on the Indian rupee and expects it to build on its outperformance in the region this year. from Bloomberg Markets https://ift.tt/d4j6GpT
Kyushu Electric Power Co. raised ¥30 billion ($191 million) from Japan’s first environmental bond exclusively financing nuclear projects, finding demand from investors for a deal with a controversial use of proceeds. from Bloomberg Markets https://ift.tt/BSQbAat
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
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…
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
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
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
Haidi Stroud-Watts in Sydney and Annabelle Droulers in Singapore drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/3dlEJIw
Rising interest rates in Japan will do little to rescue the beleaguered yen as long as there’s demand for one of the most lucrative bets in foreign exchange, traders say. from Bloomberg Markets https://ift.tt/Tn48gdG