Britain's private sector slowed and price pressures strengthened in September, according to S&P Global's purchasing managers' index, a closely watched survey that pointed to a summer growth spurt losing momentum. Dan Hanson of Bloomberg Economics reacts to the data.
Airtel Money Commerce NV has filed for an initial public offering in London because it has "deep capital available," according to Chief Executive Officer Ian Ferrao. "There's a very, very good understanding of emerging markets," he tells Bloomberg Television. "Our parent company, Airtel Africa, has been listed on the London Stock Exchange since 2019. It's had a very successful run here, and we're hoping to to replicate that success," Ferrao adds. The IPO could be the largest listing the city has seen in five years.
The upper house of Switzerland's parliament backed a fresh compromise in the debate on UBS Group AG's capital requirements. The plan foresees that the bank must back 90% of the value of its foreign units with the highest-quality capital, known as CET1. That's less than the 100% backing the government has pushed for but a departure from a compromise involving heavy use of convertible debt which UBS favored. UBS has said it's against the 90% solution. Bloomberg's Jan-Henrik Foerster reports from Zurich.
Andy Chorlton, CIO for fixed income at M&G, says the recent rise in bond yields has made the asset class more attractive after years of poor returns. "Real yields are positive. 2% positive in 10-year real yields in the in the US and the UK. That's not a bad starting point for what is still, in my belief, a low-risk asset class versus all the other things you can buy," Chorlton tells Bloomberg Television.
Anna Edwards, Guy Johnson and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
US President Donald Trump said officials held "very good" talks with Iranian envoys in New York. Steve Witkoff and Jared Kushner participated on behalf of the US. Trump said the three-hour session was "very productive" and another was being planned for the near future. The comments revive hopes for a new diplomatic off-ramp hours after the US president again threatened to annihilate the Islamic Republic. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.
Oil headed for the longest losing streak in more than a year, as Saudi Arabia moved to restart a key pipeline and the US flagged progress in talks with Iran to end a war that's rocked the Middle East since March. Mekala Krishnan, Partner at McKinsey Global Institute spoke to Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa about the disruption in the Strait of Hormuz and its impact on oil.
Cezar Consing, President and CEO of Ayala Corp., says the company will cut debt and acquire additional shares in undervalued units using proceeds from its $700 million share sale to Mitsubishi. He speaks on "Bloomberg: The China Show."
Henning Rath, CEO at battery startup EnerVenue, says the company's water-based nickel-hydrogen battery cells will be installed in an oilfield in northern China. He speaks on "Bloomberg: The China Show."
Thomas Kelly, CEO and Co-founder of Melbourne-based AI Healthcare startup firm Heidi, discusses its latest $100M fundraising around that took the company to a $900M valuation. He also talks about the company's business strategies and plans to expand to more markets, using AI to help doctors streamline research, clinical workflows, and provide efficient consultations for patients. He speaks exclusively with Shery Ahn on "Bloomberg: The Asia Trade".
Ashley Zumwalt-Forbes, former Deputy Director for Batteries and Critical Minerals at the U.S. Department of Energy and a nonresident fellow at the Baker Institute, discusses her outlook on the key objectives and priorities both economies hope to achieve in establishing rare earth trade. She speaks with Shery Ahn on Bloomberg: The Asia Trade".
Hong Kong Financial Secretary Paul Chan says the city is working to build its infrastructure for yuan product offerings as international usage of the currency is expected to grow. He speaks on "Bloomberg: The China Show."
