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Deutsche Bank’s Chadha Targets S&P 500 at 7,000 as Economy Roars
1732613985 from BLOOMBERG
The S&P 500 will hit 7,000 points by the end of next year, according to Deutsche Bank AG’s Bankim Chadha, making him the most optimistic among Wall Street strategists predicting further gains for US stocks.
Thai banks’ bad loans highest in nearly 3 years, but manageable: central bank
1732613980 from BANKING
… and consumer loans, but banks continued to manage their portfolios … the BOT said, adding the banking system remained resilient. Rising NPLs … s government has been urging banks to increase credit access … of 2024, she added. Banks’ loans dropped 2 per cent …
Hungary’s Orban Poised to Pick New Central Bank Chief in Days
1732613541 from BLOOMBERG
Hungarian Prime Minister Viktor Orban may announce his choices for central bank governor and a powerful economy czar in days, according to a senior minister, with finance chief Mihaly Varga the front-runner to take charge of monetary policy.
Nigerian Banks in 2024: Resilience amid economic challenges, sector transformation
1732610793 from BANKING
… fallout.” Despite these obstacles, banks reported generally stable financial results … posed challenges for smaller banks. “Mid-tier banks struggled to comply … restructuring and provisioning practices. “Banks demonstrated strong risk management frameworks …
Trump Tariff Threat Roils Markets & Israel, Hezbollah Near Deal | Daybreak: Europe 11/26/2024
1732609402 from BLOOMBERG
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Today's guest: Sophie Huynh, BNP Paribas Asset Management, Senior Cross Asset Strategist. (Source: Bloomberg)
The NBU explained how banks will operate during the winter holidays
1732608314 from BANKING
… operation of electronic systems and banks at the end of the … , the operating mode of the banking system of Ukraine and related … the current date. The entire banking system of Ukraine will function … /7/365, providing banks with the opportunity to make …
Trump Vowing Tariff's On Canada, Mexico & China 'Hugely Significant'
1732606650 from BLOOMBERG
United States Trade Representative Jennifer Hillman says Trump announcing the plan before he's in the office suggests he's looking for Canada or Mexico to offer things to negotiate. She joined Eli Lee Chief Investment Strategist at Bank of Singapore for a conversation on Bloomberg Insights with Haslinda Amin. (Source: Bloomberg)
Pakcan: Nigeria Could Ease Rates in Q2 of 2025
1732603362 from BLOOMBERG
Nigeria's inflation has risen to above 30% with the Central Bank expected to hike rates this week. But Ebru Pakcan Head of Middle East and Africa Cluster at Citi told Bloomberg's Paul Allen on Horizons Middle East and Africa that the country's response to reforms has been encouraging and while the Central Bank needs to hike rate now, they might look at easing pressure next year. (Source: Bloomberg)
EU Proposes Sanctions on Chinese Firms for Helping Russia
1732602606 from BLOOMBERG
Good morning. The European Union proposes sanctions on Chinese companies for helping Russia in its war in Ukraine. Donald Trump vows tariffs on China, Mexico and Canada. And British Airways redesigns its First Class cabins. Listen to the day’s top stories.
Singapore banks – a haven amid market volatility, with promising earnings and attractive dividends
1732601642 from BANKING
… are over, Singapore’s banks—particularly their stocks— have … the outlook for these banks remains positive despite the … credit costs. Moreover, Singapore banks are poised to offer attractive … stability and appeal of these banking stocks in uncertain times. …
Biggest India Fund Holds Cash as CIO Deems Stocks Overvalued
1732600646 from BLOOMBERG
Indian equities are overvalued as earnings grow slower than expected and a relentless supply of shares from large initial public offerings and stake sales by promoters soak up liquidity, according to Rajeev Thakkar, Chief Investment Officer at PPFAS Mutual Fund.
US Lawmakers Call HK A Financial Crime Hub
1732596667 from BLOOMBERG
US lawmakers say Hong Kong has become a center for financial crimes as Beijing tightened its grip on the city. Our China correspondent, Minmin Low, explains the allegations have highlighted the worsening ties between the city and Washington. (Source: Bloomberg)
In Full: Federal Reserve's Kashkari on Rates, Trump Tariffs, Bitcoin
1732594237 from BLOOMBERG
Federal Reserve Bank of Minneapolis President Neel Kashkari discusses the central bank's policy, President-elect Donald Trump's tariffs, China's economic slowdown, and why he still doesn't get bitcoin. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)
Cenbank to extend liquidity support to 4 troubled banks but won't print money
1732594213 from BANKING
… liquidity support to four private banks – National Bank, EXIM Bank, Social … Bangladesh Bank officials, the four banks have collectively requested around Tk25 … repaying their loans." Several banks in severe liquidity crisis Officials …
European Union May Sanction Chinese Firms Aiding Russian War Effort
1732591155 from BLOOMBERG
The European Union is proposing to sanction Chinese firms that allegedly helped Russian companies develop attack drones used against Ukraine. Stephen Engle reports on Bloomberg Television. (Source: Bloomberg)
Trump Plans New Tariffs on China, Canada and Mexico
1732586980 from BLOOMBERG
Donald Trump says the US will impose an additional 10% tariff on Chinese goods on top of all existing levies due to the influx of illegal drugs such as narcotics. In another Truth Social post, the president-elect also said he will sign documents to impose a 25% tariff on all goods from Canada and Mexico. Stephen Engle reports on Bloomberg Television. (Source: Bloomberg)