May 19, 2024
Finance

China Home Sales Drought Persists With Little Recovery Sign

(Bloomberg) — China’s home sales slump dragged on in March, signaling a much-hoped turnaround for the sector isn’t in sight yet. Most Read from Bloomberg The value of new home sales from the 100 biggest real estate companies slid about 46% from a year earlier to 358 billion yuan ($49.6 billion), following a 60% decline

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Funds

AI Stocks Become Unlikely Dividend Play for Jupiter’s Asia Fund

(Bloomberg) — For Asia investors concerned about artificial intelligence stocks looking overheated, one top fund manager suggests a surprising reason to keep buying them: dividends. Most Read from Bloomberg “Tech companies we own in Asia all have a net cash balance sheet, they all pay a dividend today, and we expect them all to increase

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Investment

Billions Flood Active ETFs in Hunt for Cheap Developing Stocks

(Bloomberg) — As investors scour the globe for under-valued stocks, one increasingly popular destination is actively managed exchange-traded funds that focus on emerging markets. Most Read from Bloomberg In the $348 billion market for ETFs that invest in developing-nation assets, the holdings of only about 5% of funds are actively managed — rather than pinned

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Investment

Lenders Rally After India’s Central Bank Eases Investment Curbs

(Bloomberg) — Indian banks and shadow lenders rose Thursday after the country’s central bank eased capital requirements for a unique type of investment, a move that may free up more funds for loans. Most Read from Bloomberg The gains came after the Reserve Bank of India issued Wednesday modified rules on lenders’ required provisions for

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Investors

AI Rally Expands Beyond Nvidia as Investors Bid Up Hardware

(Bloomberg) — They may lack the pure-play allure of Nvidia Corp., but hardware firms that provide the infrastructure for artificial intelligence computing are becoming the next hot trade. Most Read from Bloomberg While the likes of Micron Technology Inc., Super Micro Computer Inc. and Dell Technologies Inc. have been rewarded for proven results, expectations are

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Crypto

Crypto Miner Bitdeer in Talks With Private Credit for Capital

(Bloomberg) — Crypto miner Bitdeer Technologies Group is in talks with private credit firms to arrange about $100 million in financing, according to people with knowledge of the matter. Most Read from Bloomberg The company is working with a financial adviser to raise capital, which it will use to ramp up its Bitcoin mining capacity,

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Finance

Stocks Pull Back as Traders Await Fresh Catalysts: Markets Wrap

(Bloomberg) — US stocks were poised to open lower after last week’s strong rally as investors assessed the outlook for corporate earnings ahead of key data from the US that may give further clues on the Federal Reserve’s policy path. Most Read from Bloomberg Futures on the S&P 500 slipped after Wall Street’s best weekly

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Finance

Goldman Says Commodities to Gain as Central Banks Cut Rates

(Bloomberg) — Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc. Most Read from Bloomberg Raw materials may return 15% over 2024 as borrowing costs come down, manufacturing recovers, and geopolitical risks persist,

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Finance

China Loosens Cross-Border Data Rules on Business Pressure

(Bloomberg) — China relaxed rules governing cross-border data flows, addressing a key concern of foreign businesses that had complained previous regulations were disrupting their operations. Most Read from Bloomberg Data collected in international trade, cross-border travel, manufacturing, academic research, and marketing that don’t contain either personal information or “important” information will be exempt from security

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Loans

Truist Insurance Wraps $6.1 Billion Bond, Loan Sale for LBO

(Bloomberg) — A group of debt arrangers led by Morgan Stanley and JPMorgan Chase & Co. priced $6.1 billion in high-yield bonds and leveraged loans to support Stone Point Capital and Clayton Dubilier & Rice’s acquisition of Truist Financial Corp.’s insurance business. Most Read from Bloomberg The group sold $3 billion in bonds Friday concurrently

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