The Indian rupee was Asia's worst-performing currency last quarter, but analysts say it could be the most resilient against the dollar's strength as the US elections approach. With the elections too close to call, the rupee may hold steady despite challenges.
Japan's top currency official has raised concerns after the yen weakened past 150 per dollar. This situation highlights the risk of further declines, even with the possibility of government intervention. Analysts are closely monitoring the market for potential responses to stabilize the currency.
South Korean regulators have indicted one of Australia’s largest hedge funds for short selling, marking a significant expansion in Seoul's crackdown on this trading practice across the financial sector. This move signals a tougher stance on market manipulation and aims to ensure fair trading regulations are upheld.
Oil prices rose slightly today, marking their first increase in five days. Traders are closely watching the situation in the Middle East following the death of Hamas leader Yahya Sinwar.
Asian equities climbed today as investors reacted positively to China's better-than-expected economic data and new details about a stock buyback program from the central bank. This boost in market sentiment reflects growing confidence in the Chinese economy as it shows signs of recovery.
Two Florida brothers have been sentenced to prison for insider trading linked to a failed scheme to profit from taking Donald Trump’s social media startup public. Their plan, which aimed to make millions, ultimately ended in legal trouble and conviction.
Semiconductors are witnessing a significant boost as TSMC's latest results and forecasts have surpassed expectations. Bloomberg's Peter Elstrom joined Ed Ludlow and Caroline Hyde to discuss the positive impact on the industry.
A massive $3.4 billion bond sale backed by Rockefeller Center was completed on Thursday. This deal adds the famous New York City landmark to a wave of commercial mortgage-backed securities sold in 2024.
Stuart Kaiser, Citi’s head of equity trading strategy, reports that recent data has been "undoubtedly positive" for equity markets, fueling the current rally. He noted on "Bloomberg The Close" that the data suggests a "soft landing" is more likely than a "hard landing."
At the Bloomberg Canadian Finance Conference 2024, Isabelle Laurent from the EBRD and Elizabeth Wallace from the Ontario Financing Authority discussed their journeys in Environmental, Social, and Governance (ESG) practices. During their conversation with Bloomberg's Melissa Shin, they shared valuable insights and best practices from their experiences. Laurent highlighted the EBRD's commitment to sustainable investments and how they integrate ESG criteria into funding decisions. Wallace emphasized Ontario's efforts to enhance transparency and accountability in financing while promoting sustainable development. Their discussion underscored the importance of collaboration and innovation in advancing ESG initiatives within the financial sector.
