Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Bruce Richards, managing partner and head of CVC Marathon. "The consumer is doing well, corporate earnings are doing well, the economy is doing well," Richards says on Bloomberg Television. (Corrects guest's company name and title.)
Markets can withstand a 25 basis-point interest-rate increase by the Federal Reserve, according to Marathon Asset Management CEO Bruce Richards. "The consumer is doing well, corporate earnings are doing well, the economy is doing well," Richards says on Bloomberg Television.
Guy Johnson, Tom Mackenzie and Adam Linton break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
David Cowan, Africa Economist at Citi Research, says South Africa has yet to turn the corner on growth, with the economy showing resilience rather than a strong acceleration. He also says Zimbabwe's recovery is benefiting from improved fiscal discipline, higher gold and lithium prices and stronger agricultural exports. Cowan discusses the challenges of de-dollarization, signs of renewed foreign investor interest and the importance of Zimbabwe getting its lithium policy right with Abeer Abu Omar on Horizons Middle East & Africa.
Willem Sels, global chief investment officer at HSBC Private Bank, says the the economy and corporates have proved "more resilient than people thought" and further AI-driven productivity gains are one reason why he is "more bullish on the US than on Europe." Sels speaks on Bloomberg Television.
BHP (ASX:BHP) ended talks with unions representing Port Hedland iron ore workers without a deal but offered a 17% pay increase over four years.
Premier Coal workers at the Collie mine have voted in favour of strike action as pay negotiations stall.
Rio Tinto (ASX:RIO) faces contract pressure as China Mineral Resources Group instructed domestic steel mills.
Sigma Lithium (ASX:SAU) confirmed its mining and industrial operations continue as normal despite reports of a preliminary ruling allegedly suspending its environmental licences.
Anthropic has decided against acquiring artificial intelligence startup Decart AI, according to people familiar with the matter. The companies may still pursue other opportunities to collaborate, one of the people said. Bloomberg's Neil Campling has the details.
1414 Degrees (ASX:14D) has invited expressions of interest to build Stage 1 of its flagship Aurora Energy precinct.
Red Sky Energy (ASX:ROG) has reached a depth of 2,908m at its Yarrow 4 well after intersecting gas pay in the Tirrawarra Sandstone.
