The European Union is taking a more assertive approach to China as the bloc's trade chief, Maros Sefcovic, heads into two days of negotiations in Beijing. The EU is preparing safeguards to limit imports of Chinese hybrid cars after their sales surged in Europe, which may be seen as an escalation. Bloomberg's Minmin Low and Oliver Crook break down the situation.
The European Union is striking a more assertive approach to China as the bloc's trade chief, Maros Sefcovic, heads into two days of negotiations in Beijing. The EU is preparing safeguards to limit imports of Chinese hybrid cars after their sales surged in Europe, which may be seen as an escalation. Bloomberg's Minmin Low and Oliver Crook break down the situation.
Nvidia-backed data center company Firmus's IPO, set to be among the biggest listings in Australia, has become "unusually polarizing," Australian portfolio manager Jun Bei Liu of Ten Cap says.
The Australian Banking Association has applied for Australian Competition and Consumer Commission authorisation to let banks collaborate on establishing shared regional hubs.
Bankers managing the initial public offering for Firmus are evaluating a potential cut to the company's listing price after weak demand from foreign investors.
The ACCC approved the takeover of Grow by Mitsubishi UFJ Financial Group (NYSE:MUFG) for $78 million following operational failures at superannuation fund HESTA.
Plague is one of history's most feared diseases, responsible for pandemics that killed tens of millions of people. Today, human cases are rare and can usually be treated with antibiotics. A suspected case of pneumonic plague in Siberia has renewed attention on the disease after a young worker at a Russian institute that studies plague and other dangerous infections died of severe pneumonia. Russian authorities told the World Health Organization that no case of plague has been recorded in the region. Still, the circumstances of the woman's death and the precautions taken afterward have prompted international scrutiny, with the WHO seeking more information from Russia. We speak with Dr. Amesh Aldaja, Senior Scholar at the Johns Hopkins Center for Health Security.
Yemen's internationally-recognized government, backed by Saudi Arabia, claimed to have regained territory from the Houthis, as fighting in the region near the Bab el-Mandeb strait intensifies. The Yemeni armed forces said they took control of the Red Sea city of Mokha on Monday after battles with the Iran-backed Houthis, according to Saba, a Yemeni news agency. Overnight, the Houthis said the Saudi Arabian military had launched around 60 airstrikes on parts of Yemen, including the capital, Sanaa. The Houthis said they responded by firing missiles and drones at the kingdom, and targeted the main airport in Riyadh. For a closer look, we speak with Jennifer Welch, Chief Geoeconomics Analyst for Bloomberg Economics.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Jess Menton, Carol Massar and Lisa Mateo.
Bloomberg's Mike McKee said that the Fed's decision to raise rates was unanimous among all nineteen members of the FOMC, including non-voting participants, according to minutes from the Fed's September meeting. McKee said the minutes showed that members feel that between inflation numbers, the geopolitical situation and AI buildout they are not making enough progress on inflation
Danny Danon, Israel's ambassador to the United Nations, said that he does not accept attempts to make the anniversary of the October 7 attack about the continued impact on Gaza, as it was 'Hamas ideology' that brought the attack and suffering in Gaza. Danon said that while the military retains presence in Gaza three years after the attack and one year after the 2025 ceasefire agreement, Israel has 'no desire to to stay in Gaza or to run the city of Gaza.'
David Friedland, co-head of North America investment banking at Citi, joins Dani Burger on "Bloomberg Deals." Private equity firms are still aggressively poaching talented young bankers from Wall Street despite indications last year that they would slow down.
