Apr 20, 2023

Atlantic Bridge Very Positive on Long-Term Outlook: New Economy Yuexiu Property Shares Sink on $1 Billion Rights-Issue Plan Shift to Cheaper Homes Holds Answer to Diverging UK House Prices Villa Suicides Prompt Rental ‘King’ Crackdown in South Korea Hedge Fund That Gained 523% on China Property Bonds Is Selling India Races to Get Rich Before it Gets Old as Population Passes China Ireland’s Housing Crisis Not Deterring Investment, IDA CEO Says CMHC reports annual pace of housing starts in Canada slowed in March How much of an income increase is needed to afford a home? Wall Street Banks Sailed Through a Quarter of Collapsed Lenders London Rents Soar at Fastest Pace in More Than a Decade Irish Investment Chief Expects Declining Business: New Economy Fed’s Search for Kansas City President Set to Become Longest This Century More Americans Are Losing Their Homes as Foreclosures on US Properties Rise Higher Rates Drag Canadian Housing Starts Back to Pandemic Levels Morgan Stanley Revenue Tops Estimates Even as Provisions Jump KKR Sees India, South Korea as Sweet Spots Amid Realty Crisis US 30-Year Mortgage Rate Climbs by Most in Two Months to 6.43% Traders Bet on 5% BOE Peak Rate as Fears Over Inflation Grow Manhattan DA’s Request to Block GOP House Subpoena Draws Skepticism From Judge Meet the Guy Who Scored $250,000 of Tickets for $17,000 After Airline Error Ukraine Latest: US Will Provide $325 Million More in Weapons UK’s FCA Probes WANdisco Over Potentially Misleading Filings Renault Sales Beat Estimates as EV Pricing Pressure Mounts The Great British Takeaway Lives On: The London Rush Capita Fears Customer Data Was Stolen in Cyberattack Macron’s Government Outlines Plan for Faster Debt Reduction TSMC Profit Beats After Chip Demand Fares Better Than Feared Atlantic Bridge Very Positive on Long-Term Outlook: New Economy L’Oréal Posts Sales Gain That Outpaces Analysts’ Estimates Amundi Says European Bank Bonds Most Attractive as Crisis Fades Billionaire Sagi Raises Offer for UK Software Company Kape Deliveroo Orders Fall 9% After Customers Cut Back on Takeout Buyout Firm CBC, Mubadala Lead Hasten’s $315 Million Fundraising Volvo Raises Truck Forecasts as Pent-Up Demand Helps Orders Russian Oil Is Welcome in India as Trade Booms, New Refiner Says Heat and Drought Forces Europe to Accelerate Climate Adaptation Asia to See Cautious Open on Mixed Earnings, Rates: Markets Wrap Peak Gas Season Demand Fails to Materialize in Asia as Oil Pessimism Persists Renault Sales Beat Estimates as EV Pricing Pressure Mounts The Great British Takeaway Lives On: The London Rush Key Middle Eastern Oil Grade Slumps as Asian Fuel Markets Soften Oil Extends Losses as US Slowdown Overshadows Stockpile Draw Russian Oil Is Welcome in India as Trade Booms, New Refiner Says Heat and Drought Forces Europe to Accelerate Climate Adaptation Asia to See Cautious Open on Mixed Earnings, Rates: Markets Wrap Short Sellers Pile In as Korean Stocks Near Bull Market on EV Rally South Africa’s Ramaphosa Affirms Climate Goal Amid Coal Push Cashing Out of Russia Will Come With New Tax on Foreign Business UK’s Food Price Crisis Drives Sharpest Jump in Breakfast Index Singapore’s MAS Plans For ESG Rules, Pushes Transition Finance Ukraine Latest: Memo Pinpoints Russian Dependence on China Tech Ukraine Pitches High Returns in Wartime Fire Sale of State Firms Deadly Heat Bakes Millions From China to India, Raising Blackout Risks Alcoa CEO Warns Russian Aluminum Will Overwhelm LME Warehouses Asia Chip Makers Powered By Coal and Gas Imperil Climate Goals Japan’s Trade Gap Narrows as Fuel Import Costs Ease Tech companies shouldn't be labelling media companies in ad hoc way: academics ​Will a weak Canadian dollar impact inflation? The Daily Chase: Glencore's pursuit of Teck continues; Metro beats Q2 profit expectations Major reforms to air passenger rights needed, says House committee report Competition Ltd.: Why big banks dominate Canada's financial landscape Inflation hits lowest level since August 2021, but BoC not expected to back off yet Bank regulator sees growing concerns in real estate even as credit quality holds The Daily Chase: Inflation slowed to 4.3% in March; Loblaw's names new CEO Indigenous investment firm and CMHC announce pilot project to fund home construction The Daily Chase: Teck Resources entertains sale under right conditions; Markets point to muted open Young Canadians faring well, earning more in today's economy: Desjardins Pot shop robberies spur push to end restrictions on window displays Amid high phone bills, telecom experts call for structural change, regulatory reform TSX recap: Index finishes slightly higher amid strength in battery metals Statistics Canada says manufacturing sales down 3.6% in February The Daily Chase: Loblaw details $2B spending plan; Teck's largest shareholder supports Glencore deal It's moving season — here are some ways to cut down costs ​Home prices slowly rise as buyers return to market: Royal LePage The Daily Chase: Corus posts revenue decline in Q2; Teck Resources rejects Glencore bid Ukraine Latest: US Will Provide $325 Million More in Weapons Macron’s Government Outlines Plan for Faster Debt Reduction Atlantic Bridge Very Positive on Long-Term Outlook: New Economy RBA Will Have Expert Policy Panel, Fewer Meetings, Review Shows India Court Denies Rahul Gandhi’s Appeal to Suspend Conviction Heat and Drought Forces Europe to Accelerate Climate Adaptation This Harvard Alum Wants to Help Thailand Reclaim Lost Decade as Election Heats Up PAG, Carlyle Stung By Politics in $18 Billion Asia Fundraising RBA’s Lowe Defends Board, Reiterates Willingness to Keep Serving Endgame Nears for N. Ireland Unionists Facing World’s Icy Glare Ukraine Latest: Memo Pinpoints Russian Dependence on China Tech Fox News Settled But Dominion Still Has a Lot of 2020 Lawsuits Trump Seeks to Raise Rape Accuser’s Sexual History at Trial Fox News Producer’s Secret Recordings Helped Spur Dominion Deal Ending Deforestation Likely to Cost at Least $130 Billion a Year Eurogroup’s Donohoe Confident on Reaching Deal on Fiscal Rules DeSantis Steps Up Attack on ESG as Florida Bars Public Investments Chile’s Boric Taps Political Operator as Top Negotiator Resigns Republicans Propose Spiking Clean-Energy Tax Credits to Raise Debt Limit Ukraine Latest: US Will Provide $325 Million More in Weapons The Great British Takeaway Lives On: The London Rush Capita Fears Customer Data Was Stolen in Cyberattack TSMC Profit Beats After Chip Demand Fares Better Than Feared Atlantic Bridge Very Positive on Long-Term Outlook: New Economy Billionaire Sagi Raises Offer for UK Software Company Kape Deliveroo Orders Fall 9% After Customers Cut Back on Takeout Heat and Drought Forces Europe to Accelerate Climate Adaptation Short Sellers Pile In as Korean Stocks Near Bull Market on EV Rally Nokia Misses Estimates Citing Squeeze on Customer Spending Koo, Twitter’s Rival in India, Fires 30% Staff on Funding Crunch Chinese Chip Rival to Samsung Seeks IPO at $14.5 Billion Value Taiwan Firms Pull Back in China as Investments Elsewhere Surge Ukraine Latest: Memo Pinpoints Russian Dependence on China Tech Results of Indo-Pacific Trade Talks Likely This Year, Tai Says Deadly Heat Bakes Millions From China to India, Raising Blackout Risks Bitcoin Trading Signal Hints at an Upcoming Leap Back Above $30,000 Fox News Settled But Dominion Still Has a Lot of 2020 Lawsuits World’s Biggest Hard-Drive Maker Seagate to Pay US Penalty Over Huawei Sales The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Barclays to Shut 21 ETNs a Year After ‘Staggering’ Note Blunder Cathie Wood’s Popular Touch Deserts Her in ARK Flows, Venture Fund Anti-Ark ETF Creator Looks to Repeat Trick After Losing Fund Canada’s New Crypto Rules Push Trading Platforms to Comply or Leave ETFs Killed Off by Merciless Market at Double the Rate of Last Year Leading Oil ETFs Post Longest Run of Weekly Outflows Since July Bitcoin’s Resurgence Spurs Fresh Push to Launch Leveraged ETFs Texas ETF Bets Its State-Focused Fund Can Succeed Where Others Failed DoubleLine Says It Is ‘Perfect Time’ for New Real Estate ETF Investors Pull Cash From Oil Despite OPEC+ Cuts as Demand Fears Linger BOJ’s Kuroda Bows Out After Decade of Shock and Awe Easing The Biggest ETF Launch Ever Is Just a $2 Billion ESG Fund Reshuffle A $15 Billion Swap-Based ETF Exposes the Latest ESG Headache Gundlach’s DoubleLine Launches Real Estate and Mortgage ETFs at Tricky Time Stock ETFs See Lowest Quarterly Inflow Since Start of Pandemic Worst-Performing Funds of 2023 Are Drawing Huge Amounts of Cash BlackRock Looks to Offer 'Buffer ETFs' That Aim to Limit Investors' Losses AI and Robotics ETFs Are Hotter for Traders Than Crypto in 2023 Wave of ETF Closures Relegates Once-Trendy Growth Themes to Fads BCE CEO says tech hiring & donations continue despite tough economy Cenovus CEO Pourbaix to step down, become executive chair; Jon McKenzie to be new CEO Manulife CEO on diversification, insurance demand and digital transformation Decision on new Suncor CEO expected 'very soon' Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Restaurant Brands' CEO change is 'all about accelerating growth': Executive chairman Reed Hastings explains why he's stepping down as Netflix CEO in blog post Bankman-Fried says in court that he's ready for U.S. extradition SBF sent back to Bahamian jail after catching lawyer off guard with U.S. extradition plan Disney's Iger returns to reckon with his own 15-year Legacy Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars BCE You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan, and submit your feedback using our Accessibility webform. Bloomberg News, Bloomberg News (Bloomberg) -- The Bloomberg New Economy Gateway Europe brings together leaders from the private and public sectors to discuss the economy’s most pressing problems. This week’s event near Dublin is focusing on the theme of “Reglobalization” — exploring the forces transforming trade and industry, from banking to aviation and energy to semiconductors. Today’s highlights include conversations with BlackRock Inc. Vice Chairman Philipp Hildebrand and the prime ministers of Ireland and Serbia. We also have interviews with Irish Finance Minister Michael McGrath and Amos Hochstein, the US Special Presidential Coordinator for Global Infrastructure and Energy Security. Key Developments ECB Set to Keep Hiking If Projections Hold, Spain’s De Cos Says Ireland’s Housing Crisis Not Deterring Investment, IDA CEO Says Citi and APCO See Worst Brexit Impacts on UK as Yet to Come Ryanair CEO Sees Ukraine Aviation Opportunity Once War Ends (All times CET) Atlantic Bridge Upbeat on Longer-Term Outlook (8:30 a.m.) Elaine Coughlan, a managing partner at Atlantic Bridge Capital, said she’s “very positive” about the investment outlook despite the dent to confidence both from “difficult” equity markets and the collapse of US lender Silicon Valley Bank. “If you look at the fundamental technology sectors, the foundational technologies — quantum, semiconductors, cybersecurity — those areas have actually performed very well and there’s still a lot of investor demand,” Coughlan said in an interview with Bloomberg Radio. “In the longer term I would be very positive because of the involvement of new entrants into the market, which across Europe is government,” she added. Eurogroup President Says China Engagement Key (19/4) Relations with China will continue to be an important feature of how the global economy develops in spite of pressure from the US to decouple from Beijing, according to Paschal Donohoe, president of the Eurogroup of finance ministers from the single currency bloc. “Engagement with China continues to be essential,” Donohoe said in an interview Wednesday. “There may be a different emphasis in tone but the fact that the engagement is happening is the key thing.” The Bloomberg New Economy Daily Newsletter spotlights fast-changing trends and leading edge thinking on business and the economy, drawing on the expertise of economists at Bloomberg Economics. Sign up here. --With assistance from Stephen Carroll. ©2023 Bloomberg L.P.