20 Burst results for "Billion Hong Kong"

"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:12 min | 2 months ago

"billion hong kong" Discussed on Bloomberg Radio New York

"30 am in Hong Kong and here in Singapore on Juliette Solly. And I, Brian this in Hong Kong Trading is underway in the China markets and also here in the HangSeng index is trading up about a quarter of 1%. We're seeing a little bit of a moderation and in some of the selling we saw earlier than Ikea has been up for the past hour. Up about a third of 1%. We shall see some markets Lower. The cost is down a half a percent. The SX 200 down and 9/10 of a percent. So investors tussling a little bit here between the Bulls and the Bears. Get your details in a few moments, But now the top stories well, President Trump says he will not give more time to TIC Tac's Chinese owners to sell its U. S operations to an American bio. Bloomberg News had reported that TIC Tac's on a bike dance is likely to miss President Trump's deadline a September 15th to divest its U. S operations. Bloomberg's Dominic says bidders have to navigate through many challenges ahead. What Michael Chapman Oracle will have to do is to figure out exactly what criteria the Chinese government in order to approve the sale on exactly what the Trump administration needs in order to put a felon on the court to evaluate their own interests. In preliminary talks with Chinese officials by dances being told that any proposal must be submitted for approval with detailed information about technical and financial issues. This also, according to a Bloomberg report. A ban on Tic Tac's U. S operations also requires the company to act by September, 20th. One CEO out and one in a story that has huge ramifications. Citigroup picking its president Jane Fraser as its next CEO, and that makes sure the first female CEO of a major Wall Street bank Fraser will succeed. Might Corbat who's retiring in February after more than eight years in the top job. Mike Mayo is managing director Wells Fargo Securities, telling Bloomberg that Fraser give Citigroup a fresh look. Change of Citigroup is good, and it's needed. Citigroup has improved over the last eight years under CEO my Corvette, but they still have worst in class efficiency. Returns and stock market valuation. So you've come a away but not as far as you need to go. In a sense, it's fresh because Frazer steps into that CEO job, but in a sense, well, she's been there 16 years. She led City group's response to the pandemic in North America, including its plans for returning workers to offices around the United States. The bank hopes that Fraser will improve returns that Trail leader. Industry leader JP Morgan Chase and Fraser also hails from the UK she Scottish Full sun Hung Kai Properties, the biggest developer in Hong Kong, has reported earnings set up 9% to nearly 29 billion Hong Kong dollars. This missed analyst's Estimates of 30.2 billion Hong Kong. Company, saying the results reflect the economic slowdown in the city. And they say that this was driven by the pandemic, rising trade tensions and the pro democracy protests. Sun Hung Kai said that future earnings around certain and it will depend on the development of the pandemic and easing of restrictions seeing shares down by that 9/10 of 1% on the open. Meantime, the exercise equipment company Pel Aton, has reported fourth quarter revenue that came in about $607 million. That was up 172% from a year earlier. Analysts were looking for 581 million. This is data compiled by Bloomberg. The rise in sales came from stay at home orders and Jim Closures. Has helped boost purchases of the company's bikes and treadmills. Pellet on stock, by the way was up more than 10% in after hours trading Helicon forecasting between 3.5 and 3.7 billion in revenue. For the fiscal year of 2021. That was well above Wall Street expectations, looking a little interesting in these markets now because you've got Hong Kong and China coming online and both of rising the Hank Sing up by about a third of 1% of the C s. I 300 also filmed by a third of 1%. We've been talking about the positive momentum in Japanese stocks. Today, the decay out 4/10 of 1% said. That kind of Changes the overall picture where we had been seeing weakness, and we still are saying weakness in the likes of the Cosby the Thai X, The 6 200. The 6 50 will also be closely watching what happens into Carter today. After that 5% drop as Indonesia announced a return to severe covert 19 restrictions in the capital city. We have seen a city that turning more cautious on the Rue Pierre after its recent underperformance, noting that confidence in the currency Has been weakened by shop blows from adverse news flow watching Rio Tinto shares in Sydney to following some kind of a guest shocking news for the market that CEO John Sebastian Jack will exit the minor. This is after investor pressure to step up his response to the destruction of ancient Aboriginal heritage sites in Australia. Shares have been fluctuating that down now down by about 1/10 of 1%. Japan's August producer. Prices fell half of 1% year on year two. A rating of 100.4 on looking at the commodities market. Crude is $37.28 spot Gold $1945 an ounce Brian Let's get some news. Tokyo is confirming that it's lowering its Corona virus alert level.

CEO Bloomberg Hong Kong Jane Fraser TIC Tac City group Hong Kong Trading Brian President Trump China Ikea Bloomberg News Juliette Solly Singapore Sun Hung Kai Scottish Full sun Hung Kai Pro Bulls Tokyo
Cathay Pacific to Get Bailout Led by Hong Kong Government

BTV Simulcast

00:57 sec | 6 months ago

Cathay Pacific to Get Bailout Led by Hong Kong Government

"Of the Hong Kong government's gonna bail out Cathay Pacific with thirty billion Hong Kong dollar loan and a steak that's according to the the South China morning post and they're also going to undergo a forty billion Hong Kong dollar capital restructuring it comes off the back of a lot of speculation as to what is going to be the next step man yeah I think if you look at that story yes if anything well who owns cafe you've got Chinese because one you've got contact the discussion was that they go for rights issue Singapore Airlines went for rights issue at six point six billion U. S. dollars but that the issue is this around what eighty five billion dollars has been pumped into our lines in the form of bay lights delta says it's gonna be three years before demand returns and all the one buffet bailed on delta I ten name but if you are online so this sat this is an ongoing story British Airways trying to challenge the issues against at the pilots at the moment amber it's here in the region also in our

Cathay Pacific Singapore Airlines British Airways Hong Kong South China
Cheung Tze-keung - Hong Kong's King Of Thieves

Hostage

08:58 min | 9 months ago

Cheung Tze-keung - Hong Kong's King Of Thieves

"Week. We discussed chauncey early life. And how his obsession with wealth led him to commit to ransom kidnappings as part of a master plan to extort the ten wealthiest men in Hong Kong? His first target was thirty one year old. Victor Lee the son of Hong Kong's wealthiest man Li ka-shing this week we'll delve into the fallout of lease kidnapping. And how it inspired Chung to go after the forty seven year old property development tycoon. Walter Kwok will also discuss. How an unexpected cooperation? Between Hong Kong and mainland China ultimately led to Chung's demise when sixty eight year old billionaire Li ka-shing into his front door on the night of May Twenty Third Nineteen Ninety six. He was expecting to see his son. Victor apologized for being so late instead. He found himself face to face with the infamous criminal. Forty-one-year-old chauncey calm and four other armed. Men Leave recognized Chung immediately. He was wanted by the police for multiple crimes including two high profile robberies at the Kai. Tak Airport the second of which had been the largest cash robbery in Hong Kong's history. There was hardly a person in Hong Kong. Who didn't know Chung secons name as Hong Kong's wealthiest Man Lee knew? It was no coincidence that the thief had chosen his front door to knock on but nothing could have prepared him for what Chong was about to say. The criminal informed Lee that he had captured his son. Victor and if Lee ever wanted to see him again he would have to pay two billion Hong Kong dollars now. We was stunned. He asked where they had taken. Victor but Chong shook his head and repeated the demand. Two billion dollars or victor was dead. Shaking Lee tried to assess how he could gather the money he knew as well as Chong that if anyone could access billions of dollars at a moment's notice it was him his company. Cheung Kong Industries had made him a multi-billionaire and victor was in line for the throne but Lee wasn't worried about the money or his company. He just wanted his son back on your shortland. A professor in political economy assesses that in kidnapping for ransom cases. The hostage is returned alive about ninety percent of the time on. This is because the kidnapper is usually willing to negotiate in feasible deal can often be reached. Shortland also stresses that when faced with a ransom kidnapper dilemma. One should not immediately give in to the criminals demands. The hostage taker is likely to interpret this as evidence that more money is available and they will continue to up the ransom amount. Instead shortland advises keeping the criminal in the dark about one's financial resources. The captive will typically be released for a fraction of the original demand of course most individuals when faced with a kidnapper. Aren't thinking like rational business people. They're more concerned with the release of their loved. Ones and their minds are racing with worst case scenarios like torture and execution but wittingly or not Li ka-shing did the right thing shaking. He told Chung that he couldn't gather so much money at a moment's notice but he would try to come up with what he could. He certainly didn't give so much money lying about in his home. Leah's Chung if he could go to the bank for a withdrawal but the criminal shook his head this could arale suspicion and possibly alert the authorities when cheeky move on lease part and the whole plan could fall apart Lee understood and said he would do his best but he knew there was no way together that much money from inside the house under the supervision of Chung and his men Lee drained every hiding place and wallet in his home. He tried to come up with enough cash and valuables to satisfy the steep ransom demand. All the while worrying about his poor son finally having exhausted all his immediate resources. Li presented Chung with his loot. He knew it wasn't enough but he hoped Chung would settle for it surely he couldn't be expected together two billion if he wasn't even allowed to go to the bank. Lee watched with dread as the men counted their spoils. They were one billion short. Chung glared at Lea- incredulous. He could hardly believe that. A man as wealthy as Li ka-shing could only cough up half the amount on a smaller scale. Chong himself knew what it meant to be wealthy. His criminal escapades had paid off and his double life was lavish to him. Money was something to gamble with and enjoy and Chong's own home reflected. This opulence but Lee was a different breed. He was shrewd he invested. And he certainly didn't keep two billion dollars lying about his comparatively modest mansion once again. Li explained that he couldn't come up with two billion unless John allowed him to go to the bank and for the first time the criminal considered it he could get away with the full amount. If everything went smoothly but ultimately Chung couldn't risk it. If there was one place he had sworn never to go back to. It was prison. Besides one billion dollars was a lot of money. Five Times the amount he had obtained in his last airport robbery and it was plenty to fund his lavish lifestyle but grudgingly. He agreed to settle for one billion dollars half his original ask. He ordered Li ka-shing to pack up the money for him as Lee placed the cash. In bags he has Chong why he was doing this. Chung replied. I take unconventional steps to get rich. Money is the most important thing in life. But it's only me who can get away with kidnapping tycoons Charleena's men grabbed the bags of cash. Jong delivered a final warning if Lee or victor ever told the police about the kidnapping they would be dead. We nod and watched as the vans sped off into the night. Now all he could do was wait hoping that Chong would hold up his end of the bargain meanwhile victor was locked inside. Chun's hideout just over the border in mainland China. It had only been a few hours since his capture when his captors finally returned they blindfolded Victor and hurried him outside into a van as they drove. Victor imagined the worst. Perhaps they were taking him away to be murdered. His body could be buried somewhere. It would never be found and victor's family would never know why their son had disappeared. It was all too confusing and sickening for victor to come to grips with a few hours later. The van rolled to a stop. The car doors opened in several hands helped victor as he stumbled onto the sidewalk. He felt the crisp night air on his skin has one of his captors began untying his blindfold as it fell away. Victor recognized his surroundings. He was standing in the driveway of his father's house. In deep water. Bay Hong Kong Victor was bewildered. Was He being released? Was his family going to be harmed. He turned around and for the first time. Locked eyes with his captor the infamous Chunky Kong as victor stared at Chung. He could hardly register who this person was and what they wanted but before he could make sense of the situation. Chong stepped forward. He grabbed victor's face leaned in and planted a kiss on his forehead. Then he told victor he had been a good boy and he promised never to harm him or his family again back in his hideout. Chon divided the spoils amongst his comrades keeping forty percent for himself. He was happy that it pulled off. Such a new and brave stunt it was proof to Chung that. His master plan was feasible if he could kidnap the son of the wealthiest man in China and get away with it then he could kidnap anyone especially the rest of China's

Victor Lee Chung Secons Chong Li Ka-Shing Hong Kong Bay Hong Kong Victor Kidnapping China Chunky Kong Walter Kwok Cheung Kong Industries Chauncey Robbery Shortland Nineteen Ninety Tak Airport Professor Chon Leah
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

10:37 min | 9 months ago

"billion hong kong" Discussed on Bloomberg Radio New York

"You suck we had a roller coaster session in on Tuesday over in the U. S. the S. and P. five hundred ending up five percent but take a look at U. S. equity futures this morning currently down one point let's see one point nine percent there no surprise that we have a lot of analysts talking about a dead cat bounce we have a lot of people talking about the possibility that the resurgence in U. S. equities that we saw on Tuesday was caused by short covering technical factors and really a across Asia there is a whiff of risk off appetite this morning so dead cat bounce the three dreaded words use of yeah treasury yields that coming a little bit off here we had the investment giant to investment one from Japan coming out and saying you know what even if the corona virus is contained global growth won't recover because the disease arrived in economies that are ready so to them the treasury trade AC currently those U. S. ten years it's your point six seven percent we had a three year note auction as well overnight with it bid to cover ratio at the lowest level since December twenty eighteen maybe in one sense the words in terms of daily moves in some of these particular place is over for the moment but let's get to some of the other market action now it's really it's only in Singapore to it no surprise that in terms of this fear that seems to be guiding traders in Asia at the moment certainly you said when you look at that drop in at U. S. futures that drop in treasury yields as well and the gain in the yeah and we are certainly seeing another day of selling here in Asia with that the ticket to to five now back at levels we haven't seen since December twenty eighteen when you take a look at my chart the embassy I Asia Pacific index is B. grade indicator which measures the ratio of buying to selling strength has now been below zero for thirty three sessions in a row this is the longest streak since China's stock market bubble burst back in twenty fifteen in Asian equities down about eleven percent this year already close to raising their entire gain from twenty nineteen FIA and this volatility Tracy Yousef certainly cutting trade is at the moment all right Juliet Sally bringing us the latest in the Asian markets let's check in on what's happening on the corporate side we have some breaking news coming out of Cathay Pacific the Hong Kong carrier Cathay Pacific reporting fiscal year net income of one point six nine billion Hong Kong dollars that is verses and analyst estimate for one point five nine billion dollars so that is a beat on the net income however the guidance is what everyone is going to be looking at here Cathay Pacific seeing a substantial loss for the first half of twenty twenty just as a reminder the fiscal year period is one in which the airline was facing both the impact of the Hong Kong protests as well as the beginning of the corona virus impact most of that came through in January and February so companies like cafe we're going to have to start guiding for that and including it in their twenty nineteen earnings cafe also saying that its passenger yield came in at fifty three point six Hong Kong cents again airlines around the world really being pressured by the current economic conditions use of yeah absolutely so the Cathay Pacific declaring no second interim dividend here some of the lines are coming through the airline has lost about one one point five billion dollars market value over the past year we don't thirteen point five percent year to date over twenty percent over the course of the year three fronts your battle of course by the U. S. China trade war the social unrest in Hong Kong and then to top it all off yet the corona virus outbreak as well but again no second interim dividend the fiscal year fuel hedging losses at a hundred and one million Hong Kong dollars and the passenger yield as you mentioned a fifty three point six Hong Kong since the second read headline now confirmed a Cathay Pacific is seeing a substantial loss for the first half of twenty twenty and we'll wait of course for this particular stock to come back online they see what investors will tell us on that now we have promising we have other promise stations as well because a major economic stimulus package is in the works of these that's our understanding president is while the US president was a no show at the White House the corona virus free think leaving investors in the dark as U. S. virus cases top one thousand instead his top adviser economic adviser Larry Kudlow said more details were coming soon the economy is strong we also know there might be problems ahead we know they're going to be challenges that done tonight we'll see I want to take that a date and time and the fact that a time statistical release of time but anyway this will be the broad package and at some point in the in the near future we will outline a more detailed package free three hours ago spotted sitting away and be saying Selena investors were disappointed with the lack of concrete details that yeah you said this was a big surprise so yesterday trump said at the press briefing that he would announce a very dramatic action to support the economy the following day he had also talked about pursuing substantial relief and promised loans to small businesses as well as a possible paper cut but then today he was a no show he did not show up at that White House coronavirus briefing eight say that he's still committed to rolling out a plan even if its substance and timing is unclear but our reporting indicates that the leg work was not ready when trump had made that announcement yesterday and during a briefing today you also heard from vice president Mike pence who briefly addressed this economic plan he said trump is calling for this payroll tax relief and that they're going to work with democratic and Republican lawmakers to get an economic package three but it's unclear how far that's going to get through Congress given back to lawmakers on both sides of the aisle have already expressed some reservations with this plan and need time in the US you have the CDC saying that America has lost valuable time tracking the virus and that at this point some areas need to just cope with the spread since it's too late to stop it yeah it's Selena it feels like the U. S. is also potentially behind the curve when it comes to stimulus talked to us about what we're seeing globally on those efforts as well as travel curbs to contain the spread of the virus yeah we're seeing those containment efforts really ramp up around the world the global death toll now surpassing four thousand elite infections now topping ten thousand that's amid efforts to lock down the entire nation sort of taking a Hubie style approach the confirmed cases in Spain have also jumped by about a third in Australia saying it's going to open as many as a hundred pop up respiratory clinics as part of a two point four billion dollar health package to combat the virus you also have many instances of large events and gatherings being canceled Bernie Sanders in fact Joe Biden has canceled plans for rallies in Cleveland local authorities across the U. S. calling for the cancellation of these big events but meantime I do want to point out that China continues to report fewer and fewer cases reporting just twenty four new cases on March tenth this is asked sheeting peeing has just visited Wuhan which is a big signal that the government thinks the worst is probably over for China okay all right are China correspondent Selina **** in Beijing for us thank you so much for that Selina let's bring in Rainer Michael price equities CIO over at the global CIO office he joins Yousef and myself from our Singapore studio good to see you as always Michael I'm going to start with the obvious question which would be we have U. S. equity futures down two percent currently how do you feel about assuming more risk appetite at this juncture look at me yeah that's a good question but I think if we we could see a change in the narrative the narrative of full for many years have been always by the day if this time most probably will be different this time increasingly with the high volatility increasingly seems to imply that people increasingly selling into rallies and and volatility is picking up across the board that usually is a small hole that's historically has been the beginning of a bear market not necessarily Paulson the bull market so in terms of the damage is being done to the to the economies of the world and especially the United States in this particular example of it how quicker recovery are you anticipating at this point because we had of course from a port indicators overnight it's a story of U. S. seaports potentially see a twenty percent slowdown through April the warning bells are being sounded for the U. S. economy to drop at all price is going to impact volumes at the Corpus Christi port as well how do you translate that into into an outlook look I mean I look I mean I think they're still of complacency maybe too much complacency and look in only in February when the sort of coronavirus really became a global issue we we actually opined that investors should listen more to medical medical experts in instead of economists because economists registered I was most probably still haven't really gotten my head around the the real implications of of the corona virus and then many people felt at first it was contained to Asia suddenly the the whole of it is locked on and the real question on many investors minds is how long this is drag on and how much more spread we'll see and then again the the stresses are showing up in the bond market in corporate credit but also the moving all to some extent seems to imply that this is a deflationary shock coming yeah and it was interesting in credit markets even when you had that big recovery in U. S. stocks yesterday some spreads were still blowing out so clearly you have credit still a little bit nervous you mentioned the reaction in the bond market the entire U. S. treasury curve now trading under one percent clearly investors they're positioning for a deflationary outcome how extreme do you think that could be and how do you position it as a CIO yeah this is this is a good question I mean I I think what what everything that we look at seems to be increasingly show us and even the recent comments by the IMF seems to imply that this modern monetary theory could be on its way and that potentially would mean completely no market structure in the sense that a lot of the previous rules that everybody was sort of dealing and working with them but if you want to play anymore and then then that's really the bigger question what it means to move financial markets for children I think well to move every high and most probably will see more meaningful capital market dislocations the risk of a.

"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 1 year ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Section of state might compare called the response decisive and isn't ruling out further action in the region the attacks that took place against an Iraqi facility threatened American forces this wasn't the first set of attacks against this particular Iraqi facility in others whether American lives at risk wildfires in Australia are expected to get west this week with temperatures due to peak on new year's eve and I'll bring back said with Johnson says thousands of holiday makers have been evacuated from east Gippsland near milk Melbourne Florida Keys yesterday issued quite a drastic warning any warning in that area this is a massive barrier about half the size of Belgium at to get on it they simply said that the fire risk today is as temperatures soared to about forty two degrees Celsius a strong wind sweep through with the danger of lightning strikes that it's simply going to be too dangerous Hong Kong's finance chief now expects to see further negative growth in the fourth quarter GDP number two bags rolls chan says it follows months of violent protests in the city hold on the financial secretary saying in his blog that expects a further contraction meaning that technically the home called the company is in recession the numbers of for the fourth quarter come out in a couple of months from now but the full ten did say that he'd be looking to helping businesses and also helping with the economy in his budget speech will come in February and we actually just gone the Hong Kong trade balance numbers phone a vendus showing that he came in at twenty six point two billion Hong Kong dollars at negative twenty six point two billion Hong Kong dollars that's actually a bass said then the estimate which was one negative thirty two point seven billion dollars to slightly better than what was expected now the latest Star Wars maybe the rise of sky Walker has led the north American box office again this weekend taking in seventy two million dollars when used as a day on and a quick check by pay back pot by more than twenty seven hundred Jennison on a similar to one hundred and twenty countries and some to kill off this is pay back neighbor Sandra thank you now with this morning sports here's Louis Mason west ham have announced David Moyes says the new manager The Scotsman returns to the club replacing Manuel Pellegrini boys a state the London side clearer premier league relegation.

Sandra London Louis Mason sky Walker Hong Kong Manuel Pellegrini David Moyes Australia Jennison secretary Belgium Melbourne Florida Keys Gippsland Johnson
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 1 year ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Curtis in Hong Kong let's get you caught up on this hour's top business stories and the markets China says it reached consensus with the United States on relevant issues for a phase one trade agreement Xinhua says the two sides agreed to stay in touch in the coming days vice primarily hall US trade representative Robert light Heiser and a treasury secretary Stephen the notion was said to have discussed core concerns on a telephone call this morning Ali Baba shares have gained more than six and a half percent in the Hong Kong debut today the shares have been the most actively traded this morning with turn over more than a billion US dollars in the first hour of trading Bloomberg Sophie Cameron is at the Hong Kong stock exchange she calls this listing a milestone for Hong Kong I share some races much as twelve point nine billion dollars if a green shoe option is exercised on that is less than the original twenty billion that was targeted but is still the biggest listing in Hong Kong in a decade a sign of confidence and for the city during the political reactions listing is seen as a boost in confidence in Hong Kong's future and just moving across the terminal as we speak China bottled water company known for spring is said to be planning a one billion Hong Kong dollar IPO that would be around one hundred thirty million US dollars worth and earlier Hong Kong leader Carrie lam did not make any new concessions to protesters he was making her first comments after pro democracy forces won a big election year yesterday lamb said and she did acknowledge that the poll showed some unhappiness with the government she called for peaceful dialogue and briefly Reuters said earlier the Chinese considering replacing it's officially is on to Hong Kong one German in the markets thanks indexes flat this morning the CSI three hundred is up a tenth of one percent the Nikkei of four tenths of one percent global news twenty four hours a day live in a tick tock on Twitter and powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries in all Kong I'm Brian Curtis this is Bloomberg broadcasting.

Reuters Hong Kong Bloomberg Ali Baba Stephen representative Brian Curtis Kong Twitter China Carrie lam Sophie Cameron Robert light Heiser Xinhua United States
Alibaba's mega IPO attracts 200,000 retail applications

Bloomberg Daybreak: Europe

00:25 sec | 1 year ago

Alibaba's mega IPO attracts 200,000 retail applications

"Owned Ali Baba says that the retail portion of its home Kong IPO is oversubscribed is increasing the retail portion of says offered to fifty million as always full of times higher than originally planned the company has price a total of five hundred million says one hundred and seventy six Hong Kong dollars a piece and is expected to raise net proceeds of almost ninety billion Hong Kong dollars in the listing trading is you should begin on

Ali Baba Hong Kong
"billion hong kong" Discussed on WSJ What's News

WSJ What's News

03:28 min | 1 year ago

"billion hong kong" Discussed on WSJ What's News

"To our stories on big tack heck and the Olympics here are some other top stories. We're following today. As we work struggles with lagging investor demand we report the Japan's Softbank is planning to buy at least seven hundred fifty million dollars worth of we work shares. The company is gearing up for its initial public offering. We work is hoping to raise at least three billion dollars at inside. Peo- putting its valuation between fifteen and twenty billion dollars that is far less than the forty seven billion private investors valued the company. It's last round of fundraising as we reported this morning we work has announced governance changes at the company and will listed shares on Nasdaq the Food and Drug Administration when is evaluating heartburn drug Zantac after learning of a probable carcinogen found at low levels in some versions of the drug officials are looking into whether the chemical no known as N. D. M. A. poses a risk to patients the. FDA says the levels of the chemical in preliminary test quote barely exceed amounts you might expect to find in common and foods the FDA says it will make its assessments available to the public as soon as possible. China has agreed to exempt purchases of US soybeans pork any other agricultural products from tariffs that have hit hard in the US Farm Belt The Wall Street Journal's Josh Zoom Brune explains. It's been devastating for the US farmers and it's not just the terrorists themselves you know. China controls a lot of the companies that do the importing of these products their government has a lot of control over these companies and they've essentially just shut off purchasing from the US and instead they've been buying their their food from Brazil and Europe and other places and this is just raw total havoc on soybean prices and other crop prices so it's been extremely hard and you look at the numbers you know the US just on soybeans used to export around twelve thirteen fourteen billion dollars a year and that market has almost entirely disappeared for American farmers and then gone almost entirely to farmers from other countries and so it's it's a good sign if these tariffs come off and people can start selling back into China again but you really need to see large scale purchases sustained for a very long period of time time before farmers would even be back to where they were before. This trade war had started. You know any idea that farmers are going to come out. Ahead is months and maybe years away way I mean this is just this is really the very first step of climbing out of a very deep hole for American farmers. China made the exemptions. After president trump delayed a new round round of tariff increases the US and China are expected to resume trade talks in Washington next month. The London Stock Exchange has rejected a thirty six point six billion dollar bid from the Hong Kong Exchange our Margo Patrick explains that the lse expressed fundamental concerns about the deal in a letter on Friday Eddie including calling into question Hong Kong status as a financial gateway to Asia that was interesting because Hong Kong has had that sort of unquestioned -sition an as the way to tap into Chinese markets for a very long time now and with this letter LLC is saying we doubt that Hong Kong may even NBA The the financial city that companies will use to raise capital in China in that Western investors will wanNA connect with so they really called into question whether Hong Kong Hong Exchange even had something to offer them meanwhile LLC says it is committed to buying financial information and.

US Hong Kong Hong Exchange China Food and Drug Administration Hong Kong Olympics London Stock Exchange LLC Softbank Wall Street Journal Josh Zoom Brune lse Japan president NBA Asia Margo Patrick Europe
"billion hong kong" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:55 min | 2 years ago

"billion hong kong" Discussed on WAFS Biz 1190

"And bloombergradio dot com When. You go for a rights issue go in size you've got China Everbright raising nine point nine six billion Hong. Kong dollars in a right say she the price will be at six Hong Kong dollars per share so a little, bit of breaking news coming through that just under ten billion Hong Kong dollars being raised. By China Everbright and, as I say a price of six per share at eight point? Four at the moment in Hong Kong let's. Talk about the man that just keeps on tweeting almost as much as Donald Trump and these are his claims by, taking tesla private his tweet that he's working with Goldman Sachs and the private. Equity firm Silverlake but Reuters reports that Silva denies that Moscow so confirmed I report that Saudi Arabia was behind his claim that funding had been secured Stephen Engle. As watching, the story so Stephen side where to start with But but the latest tweet, is probably the, best place to go right yeah so we, getting musk confirming reports that we had yesterday. About the Saudi Arabia potential investment increasing that nearly five percent stake to. Help facilitate the privatization but then with this confirmation comes more confusion because you, know Donald Donald Trump Elon Musk you got. Me there Madison Yvonne, musk basically had that blog post confirming the Saudi Arabia potential investment and encouragement that the, government that but just a few hours later he tweeted this out sort of confirming that the ball is really rolling on the privatization push, at four hundred twenty dollars a share he says excited he's excited to work, with Silverlake that's a private equity group as well as. Goldman Sachs and a couple of multi-named law groups here in the proposal to take tesla private but the twist. On this and where we go from Confirmation to confusion is Reuters among others. Is coming, out. And saying wait a minute we. Have sources telling us the silver Silverlake has not engaged with tesla in talks with Elon Musk on this privatization so you get a tweet, then you get confusion that's where we stand right now I mean Stephen with the initial tweet was basically breadcrumbs shortsellers they, put their hands. Up they cried foul through the SEC now with some clarity a little bit and maybe with a little bit more. Confusion where does that leave, the SEC where does. That leave some of the lawsuits Well keep in mind the SEC was I won't say investigating but. They were kind of looking, into the, practices already of the announcement sound or how tesla makes these announcements including the way Elon Musk tweets out potentially market moving and critical information like he did on August seventh where he said funding is secured at the board necessarily approved that tweet so there's a lot of. You know, a movement afoot as, already before that, August have a tweet from. The SEC what we're likely to get now following this reports that. The Saudi, Arabia public investment fund is looking at investing further. Is the SEC will look. Into the correspondence likely between Elon Musk and f and again there are, those laws those investor laws two of them, already underway so this is not? A story that's going? To go away yet Stephen good speakers thanks for that Stephen Engle in Hong Kong and we're closely watching the Turkish lira stabilized the last twelve hours different story for Turkish. Stocks bonds, we'll talk more details, on Emirates NBD, next in terms of their. Exposure to the Turkey story with our com capital.

Elon Musk Stephen Engle Saudi Arabia tesla SEC Hong Kong Silverlake Donald Trump Goldman Sachs China Everbright Reuters Arabia Madison Yvonne Turkey Silva Moscow four hundred twenty dollars five percent twelve hours
"billion hong kong" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:53 min | 2 years ago

"billion hong kong" Discussed on WAFS Biz 1190

"Some some breaking lines hey. The Bloomberg from Cathay Pacific first half loss. Of two hundred and sixty three million Hong Kong dollars estimate was for a. Profit for one hundred and forty million Hong Kong, dollars saw a, massive miss here, I, have revenue at fifty three point, one billion Hong Kong dollars that's. Running through some of the other details here first half passenger. Yield at fifty five, point four Hong Kong sense and first half fuel hedging. Loss of six hundred fifty three million Hong Kong dollars substantial you look at the last twelve months return on the stock it's been pretty flat but still overall. Analysts epic quite positive on this one, I mean we at fourteen buys seven holes in one cell also announcing a first. Interim dividend per share of ten Hong Kong sense oil prices. And trade wars we're always, gonna way into these results but a lot for investors to consider as we get back from the break shortly we'll keep a close eye on this story as. It evolves let's. Get back To our top story it is tesla CEO Elon Musk set of a firestorm after tweeting that he's. Considering taking the company private at a. Price tag of four hundred and twenty dollars. A share sending the company's stock soaring if the transaction does eventually happen it. Will be the largest leverage buy in history Remmy, and essential has, the details for, us, from New York the big news, Elon Musk is thinking about taking. Tesla private and the reason a better operating environment for the. Company and for his, employees musk says Tesla's wild stop wide is quote a. Distraction to workers who are also shareholders that when a tweet he said he's got funding secured his target share price four hundred twenty bucks and that puts Tesla's. Valuation at about eighty two billion dollars, but the big question he's left us with how is he.

Hong Kong Elon Musk Tesla Bloomberg Cathay Pacific CEO Remmy New York eighty two billion dollars twenty dollars twelve months
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 2 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Some breaking. The Bloomberg from Kathy Pacific first half loss. Of two hundred and sixty three million Hong Kong dollars the estimate was for. A. Profit for one hundred and forty million Hong Kong, dollar so a, massive miss here I have revenue at fifty three point one billion Hong Kong dollars that's run. You through some of the other details here I have passenger. Yield at fifty five, point four Hong Kong sense and I have fuel. Hedging loss, of six hundred and fifty three million Hong Kong dollars substantial you look at the last twelve months return on the stock it's been pretty flat but several. Analysts EPA quite positive on this one, I mean we looked at fourteen buys seven holes in one cell also announcing eight. First interim dividend per share of ten Hong Kong sense oil. Prices and trade wars we're always going way into these results but a lot for investors to consider as we get back from the break shortly we'll keep a close eye on the story as it. Evolves let's get. Back to To. Our top story it is tesla CEO Elon Musk set of a firestorm after tweeting. That he's considering taking the company private at a price tag of. Four hundred and twenty dollars a share sending the company's stock soaring if the. Transaction. Does eventually happen it will be the largest leverage, buy in history, Remmy censio has the details for us from New York the big news Elon Musk is thinking. About taking tesla private and the reason a better operating environment. For the company and, for his employees musk says Tesla's wild stop is. Quote a, distraction to workers were also shareholders now when a tweet he said he's got funding secured his target share price four hundred twenty bucks and that puts Tesla's. Valuation at about eighty two billion dollars, but the big question he's left us with how is he going to.

Elon Musk Hong Kong tesla Bloomberg Kathy Pacific EPA Remmy censio CEO New York eighty two billion dollars twenty dollars twelve months
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:15 min | 2 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"In sydney i'm paul allen and i'm doug krizner at bloomberg world headquarters in new york where it is just gone seven thirty wall street time the top of the hour cash markets will be up and running in tokyo sydney and seoul i'm looking at futures on the nikkei trading in chicago we are about thirty points below where we finished in the cash market until kyo in the last session we've got the end slightly stronger against the dollar as a result of the action in new york trading one ten thirty eight in dollaryen brian will join us in a moment to bring us the very latest on market action right now this hour's top business stories president trump is promising new trade deals will be announced rapidly but he isn't saying win all with hoot and that's after a parade of central bankers came out today and voiced concerns about trade tension including ecb president mario draghi plus the effect on confidence and therefore what's the effect on business investment what's the effect on experts what's the effect on consumers confidence we think that have been lessons that one can learn from the past and they're all they're all very negative economists say us threats to impose tariffs on another two hundred billion dollars of chinese imports could cut as much as half a percentage point from china's economic growth and the tariff story doesn't end there dime lawyer is cutting its full year profit forecast the company is worried tariffs will mean chinese consumers will be buying fewer us built mercedes suv's you'll recall last week china announced levies of twenty five percent on cars imported from the us obviously in retaliation for president trump's tariff threats mercedes suv's incidentally are made in tuscaloosa alabama the us is investigating where the people in the us illegitimately profiting from new aluminium and steel tariffs got more from bloomberg's iranian asensio commerce secretary wilbur ross says the us has looking into possible profiteering on tariffs after prices on the metal surged steel and for a while the price of aluminum far more than is justified by the tariffs speaking in senate finance committee hearing today ross also said the price increases are quote clearly a result of antisocial behavior by participants in the industry domestic steel prices are up about fifteen percent since president trump on march first confirmed duties on imported steel and aluminum ramey incensio bloomberg daybreak asia and we'll go more developments on the steel tariffs today the commerce department says it's grinding exclusions from tariffs on imported steel from japan china and elsewhere to save in the us companies but it's denying plenty of other requests xiaomi he is attracting some more heavyweights to at six point one billion dollar hong kong ipo more from bloomberg's yvonne man we're being told that china mobile and the us wireless chip giant qualcomm are among those and talks become cornerstone investors in chinese smartphone maker the two are looking at investment of around one hundred million dollars each qualcomm snapdragon chips had been used in shell me's flagship phones an affiliate of the chinese express delivery firm sf holding is also eyeing about a thirty million dollar piece of the action and cnbc international in a fun back by china merchants group are also players xiaomi is the world's biggest ipo in nearly two years in hong kong i'm yvonne man bloomberg daybreak asia the s and p five hundred brag a three day losing streak and the nasdaq power to a record high for a close up of what's happening in financial markets says is and trading day gets underway is bloomberg's bryan curtis in hong kong all right thank you very much all we update markets every fifteen minutes here on bloomberg radio asian stocks looks at four a mixed is slightly higher open here are some of the numbers hang seng index futures up twenty two points footsie china fifty so the chinese futures down about a tenth of one percent australian futures up by about two tenths of one percent and let's take a peek at s and p five hundred e minis with gains of about a tenth of one percent futures suggest a flat open craters in shanghai shenzhen and elsewhere particularly.

sydney doug krizner new york paul allen bloomberg world one percent one hundred million dollars two hundred billion dollars thirty million dollar twenty five percent one billion dollar fifteen minutes fifteen percent three day two years
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 2 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Still a lot of interest in hong kong macau you just had that story there that xiaomei list and we've seen a huge rise of ipo so far already this year in hong kong there is concern that could lead to a cash crunch with the interbank lending rates rising but still obviously a lot of demand for these companies well i don't think there will be a cash crunch but interest we will go because normally low since two thousand eight because you have both three three hundred billion hong kong donaldson liquidity in hong kong and then it has declined to maybe hundred fifty or so billion hong kong dollars but still it's still quite a lot of money because to set interbank transsexuals unique only about sixty billion hong kong dollars to satisfy the liquidity so you still have one hundred billion dollars bullets extra francis the point you made about ten cent would you extend that to the broader market that maybe we've seen peak earnings and peak growth in the the first quarter well well for the banks okay if you look at the banks they they may have peaked i think for the for the mainland banks the this year last year we put up about three percent growth but that is not stellar but but before that there they will be putting something like one percent growth and then you and then you look at the big developers even though they have all these obscene profits but they make up on the tiny percentage of the hang seng index now less than ten percent so where can you find the grove a deadly sat problem so don't tell me you're going to the bond market continue our discussion in a moment with francis lynch chief executive officer gio securities some people are talking about that all these strong earnings have been priced in and also that people are still nervous about the rising yield on the ten year treasury and that inflation is looming out there lots of concerns will continue in just a moment and the markets next this is bloomberg what would you sarcoma odds are you've never heard that word before for the forty people diagnosed with sarcoma everyday.

hong kong francis lynch chief executive officer one hundred billion dollars three percent one percent ten percent ten year
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"The troubling the hong kong equity investors well uh the air okay says separate fumbatha admitted the emu from the rise in interest rate in there in the usa after five interest rate rises in the us co instance race state at the same level although the interbank rate has razer arisen the onemonth rate as missing to about point nine percent from seven point one side per se two years ago basile is is quite a bit below us interest rates the reason for that is we did the enormous amount of liquidity in hong kong the banking system in hong kong lisa bao may be five hundred billion hong kong dollars liquidity but the but the the the but liquidity pool right now i think is three point seven trillion dollars so if they civilized six times more gay unique so actually the banks have much much more money than they need to meet their liquidity requirement to new day eh the bank you were a banking regulations reply mer so that's why the interbank race as they anglo and actually the interests of really teacup poll from the u s solar interest rate even though we have a link the bank exchange rate at seven point eight a slew of dole us interests have written about one point two five percent compared with stay at the same level of course there there there are some carry trade because of that but not really that much so we actually the excess liquidity the happened after two two or eight eight near stay here since then so there's just too much money around and this for this reason because of the low interest rate environment that the equity the property market has risen to eat the.

fumbatha usa hong kong basile seven trillion dollars two five percent nine percent two years onemonth
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Still ccp cpi excreting that twopercent target at the end of the forecast period so from that perspective a hike in may looks more likely and make sense and you're seeing the reaction this walling both in sterling and short sterling futures and what goes up must come down unless it's hong kong property this is of course the great net growth of china's private sector conglomerates the gray rhinos as they're called in the local press they've got growth is suddenly going to reverse as authorities recoiling at the debt that they've amassed overseas shopping sprees now the degree of pain inflicted by that great unwinding looks alert depends on the assets being sold and here a better on hong kong real estate looks to be the best look at hina it selling two pieces of land near the former kai tak airport at the moment for sixteen billion hong kong dollars now i can i spent about fourteen billion dollars on the two sites report just over a year ago so the sale if all goes well should chalk up friction a return of a perhaps ten percent after cuss not bad but it also reflects party the generosity of the banks the finance safety of this is a market hong kong's real estate market that seems to be going up and up now if you look at h and as other rivals the picture is less rosy look and buying insurance which they talks to sell its hotel business out of course includes the waldorf astoria in new york now blackstone the private equity firm is held talks about bidding for this iconic property according to bloomberg news and that's probably a bad sign for and banks chances of getting an acceptable return remember that a company owned by blackstone sold the wall tool for syria to an.

china hong kong new york blackstone syria bloomberg fourteen billion dollars ten percent twopercent
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Us as with china and russia in a changing world and uk foreign minister meeting with us secretary of state tillerson regarding the iran nuclear deal and boris johnson of uk saying that they that the plan on fixing it they haven't said how but that they will work together to do that global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries in san francisco i'm ed baxter this is bloomberg bryan and a little bit more here to add thanks very much in the media review from reuters they'll akman is said to be laying off eighteen percent of pershing square staff and again this reuters story says akman is looking to lower his public profile as he seeks to turn around three years of losses so pershing's squaring off ten people shrinking from fifty six to forty six from the economic information daily in china that china plans to allow more selfdriving car road tests from the china securities journal that china's socalled number one document so in other words what they're really folk kissed on the most of this year is on boosting development of rural areas and deepening supplyside reform in the agricultural sector and from the ming bow a leading hong kong newspaper china ever grand pay six point six billion hong kong dollars so that's about eight hundred billion us for henderson land's hong kong site in turn mine by says the price eighty percent higher than what was paid for back in a government tender on this site in two thousand fifteen so just three years later two and a half years later up eighty percent as my old brooklyn girlfriend's dad used to say holy kokomo that's a bit gained juliette to you all right we need to expand that story one day brian thanks so much this week these the global young scientists summit 2018 here in singapore we are joined on the phone from the event now by one of the.

foreign minister brian brooklyn hong kong pershing pershing square bloomberg boris johnson iran secretary of state china singapore juliette henderson land akman reuters ed baxter san francisco uk russia eighty percent three years eighteen percent 24 hours one day
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"So we'll see until it signed on the dotted line britain's army chief says britain is does not have the ability to withstand and outside attack and respond appropriately tokyo taking part in a drill to prepare for the possibility of an incoming missile hong kong bookseller who secretly detained in china has been taken away by chinese authorities again the daughter of a shaman hey was on a train with swedish diplomats when police officers seized them vietnam us to partner to compete with china and russia in a changing world uk foreign minister meeting with us secretary of state tillerson regarding the iran nuclear deal and they say fixing it global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries in san francisco i'm ed baxter this is bloomberg brian sir thank you very much yet it's time now for the daybreak asia papers and tealeaves report well this one doesn't really fit in the tealeaves but it's interesting comes from reuters blackman is said to be laying off eighteen percent of his staff at pershing square so he is cutting about about a fifth of them it actually takes the number from fifty six down to forty six at pershing square and this interesting to that akman is looking to lower his public profile as he seeks to turn around three years of losses from china's economic information daily that china plans to allow more selfdriving car road tests from the china securities journal that china's socalled number one document so this is what they want to focus on the most here in the next year is on boosting development of rural areas and deepening supplyside reform in the agricultural sector and finally from in bow which is one of the leading hong kong papers that the chinese develop per china ever groton is paying six point six billion hong kong dollars so that is about eight hundred million u s dollars for all coincide that is owned by henderson land and this is in.

henderson land hong kong pershing square asia iran secretary of state foreign minister uk vietnam britain reuters blackman ed baxter san francisco russia partner china tokyo eighteen percent three years 24 hours
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:21 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Pew research center says sixty percent of people in thirty seven countries lack confidence in president putin but of those asked to whom they trust more he's ahead of trump the survey was carried out earlier this year but released overnight he also says trump for its hands the confidence of fifty three percent of the american people china is driving ahead with the overhaul of its state owned enterprises by selling at second largest mobile carrier china unicom is to be privatized in a deal valued at eleven point seven billion dollars the plan indicates ten sen alibaba and others were by thirty six percent of the company the un listed state run parent will remain the biggest partner but will give up its majority shareholding japan posted a second consecutive trade surplus in july as exports jumped thirteen point four percent from a year earlier imports increased more than sixteen percent adding to signs that domestic demand is strengthening that left a wider than expected trade surplus of three point eight billion dollars exports had been fuelling expansion but domestic demand drove growth in the three months through june and a new bloomberg survey shows that qatar's economy will expand at the slowest pace since 1995 as the saudi arabian led boycott takes its tall gdp is expected to grow two and a half this year about six tenths of a percent lower than forecast the survey also showed economists expect the budget deficit to rise to just over five percent they say growth should pick up next year even if the saudi led isolation persists global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in in more than 120 countries i'm deborah mouth this is bloomberg thank you we have breaking news out of swire properties we are hearing in that first half revenue came in at eleven and a half billion hong kong dollars underlying profit of four point six three billion hong kong dollars are operating paul said at the fifteen and a half billion are the first entering dividend per share twenty five hong kong dollars now this dog is rated by analyst with eleven buys of four holes and one sell our swire properties is the owner of pacific place which is a.

paul swire deborah saudi arabian bloomberg alibaba china unicom president analyst Pew research center budget deficit qatar japan partner un mobile carrier putin eight billion dollars seven billion dollars fifty three percent thirty six percent sixteen percent sixty percent five percent four percent three months 24 hours
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:59 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"Back i got a slew of headlines here the sankei says that japan's prime minister shinzo obey will pick it soon ori on on a dera as the defence minister from the nikkei that japan's foreign minister will be seen moving to a senior ldp post the wall street journal says that amazon cloud users have been told not to bypass china internet rules and as i mentioned a few moments ago handelsblatt saying deutsche bank may seek a full china banking licence and a quick look at land prices up in beijing this from the scmp a parcel went for four point six billion hong kong dollars less than 1 percent sent over the reserve price this story posits that these controls that china have put on or keeping now buyers and developers at bay all right that's a check has some of the stories were tracking outside the bloomberg terminal shot back to you very much for that leads us to have a look at what's going on in the federal reserve and we're back with the against a better emmons intellectuals apart is not bad zinke ram with this have a look at where we are when it comes to well monetary policy in the united states take a look at the whole notion of there being quantitive easing then we drew down the balance sheet and surely than we get quantitative tightening do we not and if so people keep would say oh they're going to be so careful just ten billion a month thereabouts even that can make a difference and they could just stop whenever they likes if they see anything which is going wrong but these things are delayed they don't happen straight away do they so you know they could be sorted got more trouble we've never been in this territory before bed china's jewish out i mean it it is new going into way in was new and it was a theory at that time in in a 2000s about how to do quantitive easing it'd became a real policy and now we're going to go the other way owls and sure enough that echoing jim we've debt and jamie diamonds view right about that he put out there today thick we don't know what this means to its new but as a few things to.

japan nikkei foreign minister wall street journal deutsche bank beijing united states china jim prime minister ldp amazon china bloomberg emmons jamie 1 percent
"billion hong kong" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 3 years ago

"billion hong kong" Discussed on Bloomberg Radio New York

"China set the on central parity rate at six point eight two nine to versus the dollar that compares to the six eighty two twenty yesterday so a little bit more on the weak side and we had seen some weakness in new york trade at six eighty six on the offshore currency that we're now a little bit stronger at six eighty five thirty two and we're also seeing in terms of the onshore market at six 84 sixteen also the pboc is skipping open market operations today and drained about ten billion chinese you all on from the financial system a brief note here before we get to anna in beijing she'll update you on the markets china southern a and h shares may be moving this morning on placement plans the airline plans to sell nine and a half billion yuan of hshares and we use some of the proceeds to buy forty one planes according to a statement the the shanghai stock exchange it will also sell three point seven billion hong kong dollars of hshares to replenish working capital all right let's get to mol brian in beijing emma what's happening hi there brian on a lot of factors at play in asian markets this morning with the new on the brazilian president basting a japanese attf operate equities and garrett yellen forthcoming address a consideration for many chinese stock be tracking a similar kind to the time you today industrial reading a mold klein on the main ran on monday there were they collection circle national pain that day back to investment plan for rallied to the court sanghi could ending apple my one ten concern about the impact of the leveraging is still very much brian abba thanks very much and as i mentioned earlier with china southern placement uh we do see the salk under a little bit of pressure down a little more than two percent in hong kong trading all right that's look at markets juliet over to you will india's.

China pboc financial system stock exchange president new york beijing shanghai brian garrett yellen apple hong kong india two percent