Wei Li, global chief investment strategist at BlackRock, says the Federal Reserve and European Central Bank have yet to acknowledge that their “very aggressive rate hikes” can have significant impact on growth. She speaks with Tom Mackenzie on “Bloomberg Markets: European Open.”
Britain’s commodity-heavy FTSE 100 tracked a decline in oil and mining stocks on Monday as hawkish central banks stoke recession worries, while investors await corporate results from Europe and the United States. Read More
LONDON — The dollar held firm in early trading on Monday as traders sought safer assets and braced for a sharp U.S. interest rate hike later this week. Read More
Julius Baer Group Ltd. Chief Executive Officer Philipp Rickenbacher discusses the company’s financial results, strategy and outlook. The Swiss bank’s profit slumped in the first half of the year as wild market swings spooked clients and eroded assets the firm oversees for the rich. Rickenbacher speaks with Manus Cranny on “Bloomberg Daybreak: Europe.”
OTTAWA — The House of Commons industry committee will hold two hearings today about the Rogers outage that lasted more than 15 hours and left millions of Canadians in a communications blackout. Read More
SAO PAULO — Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world’s largest tech companies. Read More
Royal Philips NV Chief Executive Officer Frans Van Houten discusses the company’s financial results, strategy and outlook. The Amsterdam-based maker of medical gear lowered its sales guidance as inflationary pressures and supply chain troubles led it to miss earnings estimates in the second quarter. On top of supply chain struggles, Philips faces about 300 court cases following […]
Mallika Sachdeva, Asia macro strategy managing director at Deutsche Bank, discusses Fed policy, what’s priced into markets and her outlook for Asian central banks. She speaks on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
India’s second-largest IT firm Infosys Ltd. raised its annual sales forecast on upbeat demand for its digital services. Saritha Rai reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders. In an open letter to Rishi Sunak and Liz Truss urging them to consider the “special needs” of London, the London Chamber of Commerce said the capital […]