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PBOC’s Rising Focus on Overnight Rate Spurs Talk of Policy Shift
The Chinese central bank’s heightened focus on the overnight money market rate is fueling speculation that it may eventually move toward adopting this tenor as its primary policy target.
GDS-Backed DayOne Said to Pick Banks for $5 Billion US IPO
DayOne Data Centers Ltd. has selected banks to help arrange a US initial public offering that may raise about $5 billion, according to people familiar with the matter.
Contrarians Emerge as India Tech Stocks Slump on AI Disruption Fears
Order flows for remain strong, and valuations are at decadal lows: MRG.
JPMorgan Favors Selling Two-Year Treasuries on Fed Rate View
JPMorgan Chase & Co. strategists recommended selling two-year US Treasuries as a “tactical” trade, citing a resilient growth outlook that will make it hard for the Federal Reserve to cut interest rates aggressively.
Coal Miner China Shenhua Gets OK for $19 Billion of Acquisitions
Chinese regulators have approved a plan for the country’s biggest coal miner to acquire 133.6 billion yuan ($19 billion) of assets from its parent firm, a move aimed at cushioning the company as coal consumption starts to plateau.
China Orders Cereulide Tests as Nestle, Danone Face Recalls
China’s market regulator has ordered infant formula makers to test for cereulide, a toxin that has triggered precautionary recalls worldwide by some of the largest food companies.
Australians’ Spending Set to Slow as Rate Hikes Bite, CBA Warns
Australia’s consumer spending lifted in January, buoyed by tennis and other summer events, private data showed, though expectations of higher borrowing costs may curb momentum in the months ahead.
Why China Is Retreating Further From US Treasuries
It’s the biggest pile of debt in the world — the $30 trillion US Treasuries market. It’s been built with the help of foreign central banks and investors, who have clamored to buy US government bonds through good times and bad. But what happens if their …
China Used-Home Prices Fall at Slower Pace in Positive Sign
China’s second-hand home prices fell at a slower pace in January, providing a glimmer of hope that the prolonged property crisis is easing.
Cornell University's Prasad on US-Taiwan Trade Pact
Eswar Prasad, Senior Professor of Trade Policy at Cornell University, discusses the US and Taiwan's trade agreement to cut tariffs and boost market access for American products in Asia. He speaks with Avril Hong on Bloomberg: The Asia Trade. (Source: Bloomber…