Bloomberg Opinion columnist Shuli Ren thinks Beijing’s priorities are finally shifting, from industrial upgrades to boosting domestic demand. She shared her views on “Bloomberg: The China Show”. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/IsEGZxl
An index of Asian chip-related stocks rose to the highest level in over three years as the latest bullish sales forecast from Nvidia Corp. provided a fresh tailwind for the artificial intelligence trade. from Bloomberg Markets https://ift.tt/feRjrF4
Chinese factories are balking at paying record copper prices, delaying orders for the metal and cutting production as their customers recoil from more expensive products. from Bloomberg Markets https://ift.tt/4ZxBfDN
Indian policymakers will face a “balancing act” in managing anticipated foreign capital inflows from its bonds’ inclusion in key global indexes while trying to retain the rupee’s general stability, according to an S&P Global Ratings economist. from Bloomberg Markets https://ift.tt/PrRD3lz
Australians in their mid-to-late 20s are cutting back on spending to cope with rising living costs, while those aged over 65 are consuming at a rate faster than inflation, highlighting the nation’s increased intergenerational inequality. from Bloomberg Markets https://ift.tt/5GuU8p6
Haidi Stroud-Watts in Sydney and Annabelle Droulers in Hong Kong 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/fyKSe0F
China weakened its daily reference rate for the yuan to a level unseen since January, a sign policymakers are allowing gradual declines in the managed currency. from Bloomberg Markets https://ift.tt/ORTJnv5
Arthur Lang, Group CFO at Singtel, discusses the company’s business strategy and outlook for the telecommunications sector. He speaks with Haidi Stroud-Watts and Annabelle Droulers on “Daybreak Asia”., (Source: Bloomberg) from Bloomberg Markets https://ift.tt/m3ibxsd
Timothy Moe, co-head of macro research in Asia and chief Asia Pacific regional equity strategist at Goldman Sachs, discusses Nvidia Corp.’s financial results and the implications for Asian companies. The chipmaker at the center of an artificial intelligence boom gained in late trading after a bullish sales forecast showed that AI computing spending remains strong.…
The Indian rupee’s top forecaster is going against the majority. The currency will test a fresh low by year-end, according to Danske Bank A/S, defying the consensus prediction for the first gain in seven years. from Bloomberg Markets https://ift.tt/6149FLJ