Sep 8, 2023

Mizuho’s Katz Aims for Wall Street Big Leagues With Arm IPO Singapore Asks Banks to Probe Dealings With Laundering Suspects Hong Kong May Shut Down City After Heaviest Rainfall Since 1884 Japan Revises GDP Growth Lower After Weaker Capital Investment Car-Sharing Service Turo Restarts IPO Plans for Fall Asia Stocks to Follow Wall Street’s Apple-Led Drop: Markets Wrap Xi Visits Flood-Hit Areas of North China as Rain Falls on South US Declares Texas Power Emergency as Heat Sends Demand Soaring Chando Cosmetics Maker Jala Weighs $500 Million Hong Kong IPO, Sources Say Russian Oil Trader Expands in Mexico to Displace US Refiners Oil Heads for Weekly Gain After OPEC+ Leaders Extend Supply Cuts UK Job Recruiters Say Demand for Staff Drops to Three-Year Low US Calls for More IMF Resources, Focus on Economic Mission Fed’s Williams Says Policy in Good Place, Must Be Data Dependent Yen’s Historic Slump May Reach 170 per Dollar, Suntory CEO Says Logan Says Fed May Need to Hike Rates Again After September Skip Lotus Unleashes Emeya, a Porsche Panamera-Like Electric Sedan AustralianSuper Sued by Watchdog Over Multiple Pension Accounts The Fintech Owner Accused of Laundering Drug Money in Huge Bitcoin Scheme Registered Education Savings Plan tips for parents and students Millennials’ debt has 'ballooned': RBC economist Dale Jackson: Options could be the right option for your portfolio Canadian tech company uses AI to assess loan qualifications Don’t shy away from asking for a raise, even with recession fears: Experts Finding the right investments for a FHSA can be tricky Canadian spending habits showing early signs of slowing, RBC report finds Dale Jackson: Is your mutual fund really an overpriced ETF? Young Canadians flocking to First Home Savings Accounts, banks say Spending on fun isn’t impossible — it’s just hard, experts say Majority of parents worry about their kid's financial future: Survey Bank of Canada delivers growth and security to retirement portfolios What to consider before budgeting with the cash-stuffing method Northwest Territories to increase minimum wage by nearly 5.6 per cent WonderFi interim CEO on possible changes now that crypto merger is finalized Debt, savings worries up as higher interest rates and costs take a toll: surveys Set your investment portfolio for summer, but don’t forget it Canada Post, TD end MyMoney loan program after less than a year Bank stocks versus GICs: Battle of the income titans Brookfield Mulls $2.5 Billion Sale of Atlantis in Bahamas FDIC Says Bank Profit Up Year Over Year, Deposits Down Slightly Montreal home sales in August up 4 per cent from year ago: QPAREB US Mortgage Rates Ease From Highs, Falling for Second Week Pound Extends Slide as Final BOE Rate Increase Comes Into View UK Housing Downturn Moves Into New Phase With Prices Falling Even Faster Hillhouse Gauges Interest in Multi-Billion Dollar China Fund Hong Kong Largest Developer’s Profit Falls in Property Downturn UK House Prices Fall at Sharpest Pace Since 2009, Halifax Says LSE Investors Sell Another £2 Billion Stake: The London Rush Saudi Construction Boom Hands Builders $250 Billion Contracts Oaktree’s Panossian Sees Private Credit Luring Cash Away From PE China’s Export Slump Eases Despite Global Demand Pressures Surge in Chinese Developer Stocks Powered by Mainland Traders Sluggish Canadian Banks Face Stock Sales to Meet Capital Rules Australia’s Trade Surplus Narrows in July as Mining Exports Fall China’s Credit Wreck Exposes Governance Failings to the World Shelter Island Cafe Owner Accused of Abusing Foreign Workers Oaktree’s Howard Marks Expects More Companies to Default on Debt Mizuho’s Katz Aims for Wall Street Big Leagues With Arm IPO In a First, Asahi Is the Official Beer for the Rugby World Cup Singapore Asks Banks to Probe Dealings With Laundering Suspects Hong Kong May Shut Down City After Heaviest Rainfall Since 1884 US Probes Made-in-China Huawei Chip as Alarm in Washington Grows Car-Sharing Service Turo Restarts IPO Plans for Fall Xi Visits Flood-Hit Areas of North China as Rain Falls on South Apple Grapples With Turmoil in China Days Before iPhone 15 Launch US Declares Texas Power Emergency as Heat Sends Demand Soaring Why India Is Such a Pivotal Front in the Global Climate Fight North Korea Displays New ‘Tactical Nuclear Attack’ Submarine Goldman Sachs to Cut Underperformers as Soon as October, FT Says Chando Cosmetics Maker Jala Weighs $500 Million Hong Kong IPO, Sources Say Russian Oil Trader Expands in Mexico to Displace US Refiners Diabetes Patients in UK to Get Eli Lilly Drug, Rivaling Ozempic Ex-FTX Executive Salame to Plead Guilty to Criminal Charges UK Job Recruiters Say Demand for Staff Drops to Three-Year Low Facebook Settlement Lawyers Want ‘Nick Bosa Money,’ Judge Says Cerberus-Owned Used-Car Dealer Files for Chapter 11 Bankruptcy Singapore Asks Banks to Probe Dealings With Laundering Suspects Japan Revises GDP Growth Lower After Weaker Capital Investment Xi Visits Flood-Hit Areas of North China as Rain Falls on South US Declares Texas Power Emergency as Heat Sends Demand Soaring Why India Is Such a Pivotal Front in the Global Climate Fight Russian Oil Trader Expands in Mexico to Displace US Refiners Oil Heads for Weekly Gain After OPEC+ Leaders Extend Supply Cuts Lotus Unleashes Emeya, a Porsche Panamera-Like Electric Sedan Biden Pulls Energy Department Nominee After Gas Stove Spat With Manchin UK Plans Food Security Summit After Black Sea Deal Collapse New questions for wind, solar in Alberta create more confusion for industry: advocate Oil drops after rally triggers technical flags for pullback Trudeau Says No Room for Political Rapprochement With China Texas Power Emergency Hinged on Stranded Wind-Farm Supplies Gabon Junta Names Raymond Ndong Sima Transitional Prime Minister French Households Buy Lower-End Food to Cope With Prices Biobest to Acquire Biotrop for €532 Million to Expand in Brazil Mexico Presidential Candidate Galvez Wants Sweeping Energy Reforms US Offshore Wind Slammed by Runaway Costs Housing market will endure high costs for a while longer: Economist Online gig work is growing rapidly, but workers lack job protections, a World Bank report says ​Rate hold could push indebted homeowners into rental market: Experts More post-secondary students rely on parents, stay home to finish school: RBC poll What the Bank of Canada's rate hold means for mortgage owners Bank of Canada holds at 5% in potential end to historic hikes Experts split on Bank of Canada's next moves after rate hold Premiers, finance minister welcome Bank of Canada's interest rate hold Read the full text of the Bank of Canada rate announcement Statistics Canada says country posted $987M merchandise trade deficit in July Report forecasts softness in Canada's housing market this fall The Daily Chase: Bank of Canada rate decision; Enbridge natural gas deal Toronto home sales little changed from July to August — but expect volatility: board Toronto homes will be unaffordable even in 'worst-case scenario' recession: Report Vancouver on track to see home price stabilization amid higher borrowing costs: board What are economists expecting from Wednesday’s Bank of Canada rate decision? Pets on a millennial budget: Love comes at a cost Local businesses preparing for 'more mellow' TIFF as Hollywood strikes continue Back-to-office plans fall flat amid arbitrary rules, lack of communication US Declares Texas Power Emergency as Heat Sends Demand Soaring North Korea Displays New ‘Tactical Nuclear Attack’ Submarine Ex-FTX Executive Salame to Plead Guilty to Criminal Charges Disney Narrows DeSantis Lawsuit to Focus on Free Speech Claim Biden Pulls Energy Department Nominee After Gas Stove Spat With Manchin Markets Turn on Poland as Central Bank Plays Politics With Rates Mexico’s Xochitl Galvez on Nearshoring, Insecurity, Donald Trump UK Plans Food Security Summit After Black Sea Deal Collapse Trudeau Says No Room for Political Rapprochement With China Mexico Presidential Candidate Galvez Wants Weaker Peso to Boost Economy Gabon Junta Names Raymond Ndong Sima Transitional Prime Minister Polish Central Bank Governor’s Defense of Rate Cut Triggers More Zloty Losses Apple Gets Warning From Top US Consumer Watchdog on Tap to Pay Mexico Presidential Candidate Galvez Wants Sweeping Energy Reforms Canada to Hold Public Inquiry on China, Russia Election Meddling Forget Jacinda-Mania, New Zealand Now Has Two Guys Called Chris Adriana Kugler Confirmed as First Hispanic Fed Governor in Nearly 110-Year History Changes to minimum tax to add $2.6 billion over five years for feds: PBO Here Are Trump's 18 Co-Defendants in the Georgia 2020 Election Case US Probes Made-in-China Huawei Chip as Alarm in Washington Grows Car-Sharing Service Turo Restarts IPO Plans for Fall Apple Grapples With Turmoil in China Days Before iPhone 15 Launch North Korea Displays New ‘Tactical Nuclear Attack’ Submarine Ex-FTX Executive Salame to Plead Guilty to Criminal Charges Facebook Settlement Lawyers Want ‘Nick Bosa Money,’ Judge Says Lotus Unleashes Emeya, a Porsche Panamera-Like Electric Sedan The Fintech Owner Accused of Laundering Drug Money in Huge Bitcoin Scheme Arm Sees Sales Growth of More Than 20% Next Year Boosted by AI Huawei’s Mate 60 Pro Phone Shows Large Step Toward Made-In-China Parts China’s Push to Cool EV Growth Is Upending Big Tech’s Ambitions Apple Poised to Shed $194 Billion as China Broadens iPhone Ban Zoom Talked With Regulators About Microsoft Competition Concerns TikTok’s New Amazon Copycat Is Full of Cheap Chinese Goods Qualcomm Tumbles After China Turmoil Hits Apple, Huawei Vendors Apple’s China Troubles Catch Fund Managers Chasing Tech Rally China Seeks to Broaden iPhone Ban to State Firms and Agencies Grindr Loses Nearly Half Its Staff to Strict Return-to-Work Rule Two Flexport Executives to Leave After CEO’s Abrupt Exit 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. Winklevoss Claims Fuel US Investigation of Barry Silbert’s DCG Crypto Empire China Is Being Left Out by a Record Number of New EM Stock Funds Traders Unfazed as Soft-Landing Calls Stoke Bets on Market Calm Breach of Microsoft Engineer’s Account Likely Led to Hack of US Officials 21Shares and Cathie Wood’s ARK File for First US Spot-Ether ETF San Francisco Lost Its Chance to Be Blockchain Capital, Ripple’s Larsen Says Anti-ESG Fund Firm Hits $1 Billion Assets With Co-Founder Ramaswamy on Campaign Trail Nvidia’s Rally Is Going to Show Traders What a  Market Bubble Looks Like, Rob Arnott Says Pot Stocks See Best Week Since 2020 on Call to Lower Marijuana Risk Category Bitcoin Faithful Resume ETFs Approval Guessing-Game After Latest Round of Rejections SEC Delays Decisions on Invesco, WisdomTree Bitcoin ETF Filings Airline Stocks Come Down to Earth as Earnings Outlook Darkens Grayscale Ruling Not Enough to Halt Bitcoin’s Two-Month Losing Streak Bitwise Urges SEC to Greenlight All Bitcoin Spot ETFs as Deadline Looms Cash-Like ETFs Lure Billions as Traders Shelter From Volatility Grayscale Faces ‘Instantaneous’ Fee War In US Spot-Bitcoin ETF Race Active ETFs Cash In on Corporate Reform in Japan Tesla Internal Purchasing Probe Draws US Prosecutor Scrutiny Gutsy Tesla ETF Wants to Time Bets on Famously Volatile Shares Gillian Tan, Katie Roof and Amy Or, Bloomberg News The logo for Turo Inc. is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Thursday, June 11, 2020. Car-sharing platforms, which have suffered during the Covid-19 lockdown, see an opportunity emerging: an increase in short-distance, local trips as U.S. consumers look for a different way of getting to work and running errands. Photographer: Gabby Jones/Bloomberg , Bloomberg (Bloomberg) -- Car-sharing business Turo Inc., which filed paperwork for an initial public offering last year, has restarted its plans to go public and could list shares as early as this fall, according to people familiar with the matter. Turo’s investor roadshow could start as early as October, the people said, asking not to be identified because the matter is private. The timing could still change and depends on market conditions and how the current crop of IPOs perform such as Arm Holdings Ltd., Instacart Inc. and Klaviyo Inc, the people said. No final decision has been made and its IPO plans could change. A representative for Turo didn’t immediately respond to a request for comment. Turo, which competes with Getaround Inc., connects car owners with short-term renters, functioning as an Airbnb Inc. for cars. By offering short duration trips from a few hours, to multiple days and weeks, Turo also seeks to compete with traditional rental car companies. Turo’s largest investors include IAC/InterActiveCorp, August Capital, Canaan Partners, G Squared, Shasta Ventures and GV and their affiliates, its filing last year shows. The company has raised about $500 million, dating back to 2009, according to data provider PitchBook. The company’s last known valuation was $1.2 billion in 2019, according to PitchBook. The company had worked with banks including Morgan Stanley and JPMorgan Chase & Co. last year, its prospectus showed. ©2023 Bloomberg L.P.