10 Burst results for "Emma O'brien"

Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge

Bloomberg Daybreak: Asia

05:20 min | 4 years ago

Heineken seals $3.1 billion tie-up with China Resources Beer, shares surge

"Inherent Singapore Juliette saly and I'm Doug krizner at Bloomberg, world headquarters in New, York so the action now. Up and running, in Shanghai and in the opening moments that composite. Index is down about two tenths of one percent after a drop of more than two percent in the previous session in Hong Kong meantime hang. Sang holding onto a gain of about two tenths of one percent was a lot of weakness in the market in Hong Kong. As well we'll take a deeper dive into markets momentarily right now this hour's top business stories we'll come secretary Wilbur Ross is signaling more trade pain for China. Unless Beijing changes it system he told, Fox News the administration will make it It harder to China, to continue what. He called it bad practices then it would be to reform but foreign minister. One year says the, tariffs also hurt American companies The US is trying to, put pressure on China but we don't think such an approach will work China is ready to. Talk to anyone. Who is ready to talk to us including the US. But this kind of dialogue has to take place on the basis, of mutual, respect and equality China has repeated it. Will never surrender to US, trade threat free time trade tensions aren't defecting the outlook on China for two money managers Tom mossy and Nuno Fernandez oversee trilogy, global advisors. This firm has one point two, billion in its emerging. Wealth fund mess as. Mossy and Fernandez believe most attractive investment opportunities in developing nations remain in Asia especially China, they mentioned, two, companies in particular one selling luxury spirits the other expensive toothpaste China has been increasing consumption of, high end products given rising wages, there along with government healthcare investments Nick I news is saying shop Will stop making, household appliances in Japan and fiscal twenty. Nineteen shop will end l. c. d. TV production at its strategic pants and. Stop making refrigerators in Asaka says the production will, move to its Hon Hai facilities in Thailand and. Elsewhere shops domestic facilities will concentrate on high value electronic components now she has a down almost, two percent but remember they rise about twelve percent of the prior to sessions on the back. Of that news. Of have preferred share buyback Heineken is pardoning with China. Resources beer holdings Heineken will pay three point one billion and four, that the, company will have a twenty rather forty. Percent stake in c. r., h. beer this is a joint venture with China Resources Bloomberg's Emma O'Brien tells us China's beer market is seeing a lot more, competition a. Lot of analysts do say that, it may have already. Paid here that the. Market is evolving which will be a challenge for Heineken there is a push towards more, premium brands, I, drink is becoming more sufficient Dicator so that will be something that Heineken we'll have to take on with this investment last year China Resources said it was looking to acquire brewers to keep its market lead in China China's struggling a group is said. To be examining options Fritz Avalon aircraft, leasing unit. We're told films backed by Hong Kong tycoons, Laker Shing and Henry Chang have held talks about buying a stake or some of evidence aircraft Avalon had a book value. Of. More than seven billion dollars at, the end. Of last year and has, the potential to be among h and as biggest disposals well here in the US CBS said that its second. Quarter net income rose boost by boosted by. Higher fees from its network affiliates and its subscribers this report comes as CBS. Is investigating CEO les Moonves says over sexual misconduct claims a writer for the Hollywood reporter said there, may be another moon vez story coming. Out soon moon vez surprisingly participated in the. Earnings call after the news bloomber Paul, Sweeney tells us this could be a strong sign moon vez is still confident. In his position at the company here's. One of the strongest presences in Hollywood relationships with everyone. But so is Harvey Weinstein CO the very strong company as opposed to the Weinstein company. Which was a much smaller entity so it remains to. Be seen but you know. At least at this stage everything seems to be status quo it's business as usual well to stock in CBS was down nearly two percent in late US trading whereabout thirty five past the hour right now let's get you caught up on where we stand in markets the offshore Chinese Yuan slightly a. Higher, but not by much where it's six eighty seven seventy three we broke that six eighty eight level during the New York session in terms of. The equity market Shanghai composite right now is. Holding onto a gain of about one. Tenth of one percent after selling down, more than two percent yesterday in Hong Kong meantime hang sang is up less than one tenth of one percent it too Dropped about two percent in the. Previous session in Seoul the kospi is a head one. Half of one percent and in Sydney the ASX two hundred, is better by about three tenths of one percent Nikkei two twenty-five benefiting from a slight pullback in the Japanese yen against. The dollar we're at one eleven. Seventy four talking, earlier about to be OJ intervention in the JJ be market. Nikkei right now is. Ahead, by three tenths of one percent and the US ten year treasury in the Tokyo session a smidgen under three percent. In yield terms Juliette s Magen will the first inspection of. The cases that have come back from, North Korea.

China United States Hong Kong China Resources China Resources Bloomberg Shanghai CBS Heineken Beijing Wilbur Ross Juliette Saly Hollywood York Bloomberg Secretary Juliette S Magen Fox News ASX Asaka Nikkei
Asian equities show light gains despite trade war jitters

Bloomberg Daybreak: Asia

02:10 min | 4 years ago

Asian equities show light gains despite trade war jitters

"Radio well asian equities are showing light gains today even with the possibility of a trade war looming the nikkei is up forty points that's a gain of two tenths of one percent very strong gains in australia with the essex two hundred up one point one percent new zealand modestly higher and i mentioned a moment ago the kospi is slipping a little this morning let's get right up to beijing and get some of the details on what we can expect from the china markets today with bloomberg's emma o'brien good morning brian index teaches to the chinese market trading cautiously with the trade flight in the news again the trump administration is reported to be honing that tariff list too focused on the cutting edge technologies that china is trying to gain an advantage in that means tech manufacturer stocks will be in focus here today along with companies like afc technologies and lenovo computers nomura is keen on chinese property shares the saying developers shemale cc and future land could post record sales in june brian thanks very much yes the contracts are active now they've moved down from up the hang seng index futures down about two tenths of one percent and the footsie china fifties in singapore also down about two tenths of one percent so we'll keep a close eye on this there was some positive news if you're looking for cooperation between the us and china at least if you believe the story in the south china morning post and that is the chinese regulators have reportedly approved qualcomm zach an connects xp semiconductors investors seemed to believe it at xp gained as much as ten point seven percent in the post market the yield on the ten year is at two point nine two percent and the oil price just under sixty seven dollars a barrel let's get to san francisco ed baxter has the top news stories all right bryan thank you white house says it resumed tails what was talked about at the singapore summit at some point soon the us secretary of state mike pompeo after meeting with south korea japan and china says all three say that sanctions must remain on north korea until significant denuclearization takes place pompeo even said today complete use the word complete afp report a joint south korea us military drills have been halted us inspector general's probe and the.

San Francisco Mike Pompeo Ed Baxter Qualcomm Lenovo Beijing Australia South Korea North Korea Japan Essex United States Nomura Afc Technologies China Edge Technologies Brian Index
Stocks fall, dollar hits seven-month high as U.S. readies China tariffs

Bloomberg Daybreak: Asia

01:53 min | 4 years ago

Stocks fall, dollar hits seven-month high as U.S. readies China tariffs

"Business app tick tock on twitter this is a bloomberg business flash it is indeed forty seven past the hour the big story of the day in the states really came about as a result of what the e c b did or didn't do they held their current interest rates at record lows and they basically indicated that they're going to continue to do so at least through the summer of next year that caused quite a route in the euro against the dollar we were down about two percent of new york trading meantime the dollar rallied to a sevenmonth high the bloomberg dollar spot index picked up one percent and it's created a bit of havoc in the currency market the yen weaken during new york trade by about three tenths of one percent we're seeing dollar yen right now one ten fifty nine and that's been a supportive to the nikkei now earlier we saw that the j p morgan he em currency index dropped to about the lowest level that we have seen in quite some time just as illustrative of how we saw the knockon effect of a stronger dollar hit the emerging market currencies we were down to about the lowest level we've seen since november twenty sixteen let's get to beijing check in with emma o'brien because the other big story we're following president trump approving the tariffs on fifty billion dollars worth of chinese goods that's obviously going to be something for markets in hong kong and the mainland to consider good morning emma indeed doug will the trade we'll spectra is well and truly back hanging over chinese and hong kong stock markets this morning with president trump said to our case slapping tariffs as he said on fifty billion dollars worth of chinese goods the odds also very high that beijing will retaliate we'll be watching chinese exporter stocks and companies with high us exposure like smartphone supplies a technologies and sunny optical hong kong traded chinese sportswear makers sport and china dong young are also.

Twitter Emma O'brien Hong Kong Doug Donald Trump Bloomberg York New York Beijing President Trump Fifty Billion Dollars One Percent Two Percent Sevenmonth
Dow ends nearly 400 points lower as Italy’s political turmoil roils global markets

Bloomberg Daybreak: Asia

02:05 min | 4 years ago

Dow ends nearly 400 points lower as Italy’s political turmoil roils global markets

"In new york we're seeing some risk on the in the pac rim in early trading in about oh forty three minutes from now we're going to get the markets in hongkong shanghai and shenzhen up and running the nikkei is up four tenths of one percent in spite of the fact that we're seeing a much stronger yen where the dollar is concerned one eight fifty eight in the dollaryen so the is higher against the dollar by about three tenths of one percents the dollar kind of stable now after sliding more than one half of one percent in the new york session the big gainer was the euro we are trading a dollar sixteen fifty nine in the euro during new york trading the euro was up more than one percent against the dollar after the situation in italy showed signs of maybe the worst being at least passed us in the near term the italian president trying to avoid another potentially destabilising election and we're also talking about a successful auction of italian bonds us ten year treasury right now in the tokyo session giving back about one and a half basis points where to eighty four we were just under two eighty five in the new york session after that big day yesterday in which yields fell about fifteen basis points during the new york trade right now want to get you to beijing bring in bloomberg's emma o'brien she's going to be looking at what's likely to happen on the mainland and in hong kong good morning emma hi judy official manufacturing today here in china with expectations for the reading to stay wedged at fifty one point four still an expansion territory that along with the abating in italian was could both to the stock market which sold of quite strongly today on those concerns and the renewed trade tensions between beijing and washington when it comes to individual stocks hong kong listed software company king soft could see support morgan stanley says any correction in the shares are buying opportunity as i have a strong computer gaming pipeline meanwhile clothing make crystal international was downgraded by nomura doug from beijing we go to san francisco ed baxter is in the bloomberg nine sixty newsroom with the latest eddie.

Shenzhen Ed Baxter San Francisco Nomura Official Hong Kong Emma O'brien Tokyo Italy New York Morgan Stanley Washington Beijing China Bloomberg President Trump Hongkong Shanghai One Percent
Treasury Secretary says having 'very good' trade talks in China

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01:58 min | 4 years ago

Treasury Secretary says having 'very good' trade talks in China

"The hang seng index futures start trading and while we're a little bit to the downside it's much better than the way it looked a couple of hours back so at the moment as we look around the region now we're seeing mostly losses you have a couple of markets that are that are higher but there's not a lot of impetus here we've got the china trade talks and we've also got the jobs report coming tonight from the united states and the pbs's just set the reference rate at six point three five to one against the us dollar so that is indeed the stronger than what we saw in the fix yesterday and at the moment we're trading the offshore at six thirty four fifty five right let's get up to beijing and bloomberg's emma o'brien joins good morning hi there bryan his come from the hotel where treasury secretary mnuchin and the rest of the trump trade team i staying tightlipped as they left to the second day of talks here in beijing but mnuchin did say that that having a quote very good conversation with the chinese we still stops in hong kong slump yesterday amid uncertainty over the talks an index futures are pointing to another down day to end the week we'll be watching chinese tech stocks with alibaba to report in the us friday and goldman may give mainland shares a boost reiterating their by rating on the market brian thank you very much and we also saw aa group the second largest insurer in the asia pacific by market value say that the value of its new business rose twenty six percent in the first quarter so that stock maybe wellsupported today all right the time is nineteen minutes past the hour that's all the time we have the markets now let's get over to news mills in the news room with some of the top stories ryan south korea's dong newspaper reporting that north korea is said to have agreed in principle with the us for complete denuclearisation by twenty twenty and a possible concession from the american side president trump has ordered the pentagon to prepare options for drawing down us troops in south korea according to the.

United States Bloomberg Emma O'brien Beijing Mnuchin Alibaba Dong Newspaper North Korea Donald Trump Pentagon China Hong Kong Goldman Asia Twenty Twenty President Trump Twenty Six Percent Nineteen Minutes
U.S. trade team arrives in Beijing for talks, China media cautious

Bloomberg Daybreak: Europe

02:23 min | 4 years ago

U.S. trade team arrives in Beijing for talks, China media cautious

"And symbol than one hundred twenty countries i'm john guarantee this is bloomberg caroline thank you so mostly and now china is talking tough on trade saying that it won't succumb to what it calls threats from the us the comment from a senior government official came just hours before talks begin with a delegation of trump administration officials well for more on this let's go live to bloomberg's emma o'brien he joins us now form beijing very good morning to you what do we know about these meetings and how they will play out the languages is sounding pretty fish but it's very high level discussions that's right but it's a lot we don't know that there's so many personalities in the mix here and we haven't really got a very strong agenda about wide as us officials are coming to beijing and what they're after from china we know treasury secretary steven mnuchin and the other trump officials arrived in beijing a few hours ago we understand now be heading to the us embassy discussions before heading to very famous state guest house here in beijing for their first talks with the chinese they'll have dinner there with the chinese officials as well but the thing no would've whether there'll be any public statements or press conferences and i imagine that hinge very much on how these talks pan out and if they'll be able to achieve anything do we have any detail on what will actually be discussed i mean took us through the main sticking points between these two sides and whether they will be talked about this time around both sides of kept that very close to their chest and and we can only really speculate about what might come up from the various public statements that they've made over the past couple of months as trade war has brewed this whole staff started with the dispute obviously other technology the us trade representative by donald trump to probe china's treatment of intellectual property and this remains an issue for both sides the us wanting china's plan to pivot it's a konami toward high tech industries reigned in and beijing obviously unwilling to do that steel is the capacity china flooding the world with cheap metals as usc's it remains an issue all the big ones that donald trump is the three hundred thirty seven billion dollar trade deficit he's asked china to reduce that gap by a hundred billion and as we heard last night from the chinese government officials that thermally isn't on.

China Official Emma O'brien United States Beijing Representative Donald Trump USC Bloomberg Steven Mnuchin Chinese Government Three Hundred Thirty Seven Bil
Boeing Hit by Cyberattack, Says Jetliner Production Not Affected

01:33 min | 4 years ago

Boeing Hit by Cyberattack, Says Jetliner Production Not Affected

"Daybreak asia let's get you caught up on market action we had word a short while ago that boeing has been hit by the wannacry computer virus this is according to the seattle times it's raising fears about production of the seven seventy seven widebody and boeing's seven eighty seven dreamliner in terms of final assembly other corporate news well we were talking about takeda pharmaceutical the japanese firm considering its biggest takeover ever a bid for shire pharmaceutical but chair saying that it has not been formally approached we have takeda shares in the tokyo session down about five percent we had a much weaker yen in new york trading right now dollar yen one oh six eighty seven that's helping to send the nikkei higher by about one percent mega cap tech weakness in the states how will this impact trading in hong kong and the mainland let's find out we'll go to beijing check in with bloomberg's emma o'brien good morning emma hi there doug well we are looking at a very mild rebound in hong kong and mainland chinese markets with equity index futures up into the senate point two two point four percent we continue to get earnings rolling in with bank of china bocom and china eastern airlines some of the main ones on the block today but we'll be keeping an eagle eye on apple supplies that means the likes of afc technologies hagi tron wistron compal electronics goldman analysts cut esma estimates for the number of iphones apple will release in the first and second quarters which will add to precious on the stocks that are already under pressure from the tech selloff doug.

Asia Boeing Hong Kong Bloomberg Emma O'brien China Seattle Times Tokyo New York Beijing Doug Senate Bank Of China Apple Goldman Five Percent Four Percent One Percent
China pushes back, threatens new tariffs on pork and other goods

02:02 min | 4 years ago

China pushes back, threatens new tariffs on pork and other goods

"Radio this is a bloomberg business flash i'm doug krizner in new york forty seven past the hour a lot going on in markets let's get you caught up right now will begin with what happened stateside in the last session when president trump escalated a trade war with china he imposed tariffs on about fifty billion dollars worth of chinese goods at a rate of twenty five percent will china retaliate well i guess we know now and let's get the latest we'll go to beijing bloomberg's emma o'brien is there she's looking at a preview of market action on the mainland and in hong kong well the big question some may say the fifty billion dollar question it's how chinese assets reacts to news of trump's tariff package which was finally unveiled organized index futures traded earlier this morning i in the red with losses of almost two percent for shadowed for hong kong stocks the fallout may not be as die as some might expect given this was pretty well flagged and we've had a bit of this baked into assets that said we'll be keeping an eye for a knee jerk reaction from airlines and other external facing stocks manufacturers and continue my companies doug thanks to bloomberg's emma o'brien yes reaction indeed after we know now that china is pushing back on those a us tariffs with plan tariffs of its own on about three billion dollars worth of us steel aluminum pork and wine so we also had news that president trump is replacing his national security adviser hr mcmaster with a hardliner and former un ambassador john bolton that news has strengthened the yen against the quite a bit where up about four tenths of one percent right now one oh four ninety in terms of the equity trade the nikkei is down three point four percent in seoul the kospi down a little more than two percents and in sydney asx two hundred weaker by one point three percent the us ten year treasury giving back about two basis points in the tokyo session from where we were at the end of new york trading right now the yield is two point eight zero percent let's get to san francisco so we can get the latest on global news ed baxter is in the.

John Bolton Ed Baxter Tokyo Sydney Seoul UN Beijing Bloomberg President Trump Bloomberg San Francisco Doug Krizner Mcmaster United States Hong Kong Emma O'brien China Donald Trump New York Fifty Billion Dollars
Renewed trade war fears pummel world shares, dollar

01:17 min | 4 years ago

Renewed trade war fears pummel world shares, dollar

"World headquarters let's get you caught up on market action we were hit with news late in the us session that president trump is mulling tariffs on the equivalent of about thirty billion dollars a year or more perhaps on chinese imports this help take us equities to new lows on the day we ended just off the worst levels of the session tech was very hard hit nasdaq composite fell from a record high by about one percent who are seeing relative weakness across the asia pacific right now want to get to bloomberg's emma o'brien because we're gonna get hong kong and shanghai along with shenzhen up and running at the top of the next hour rather i should say the bottom of the next hour will a full flight for china watches today got those reports as he said on plans to targeted trade action from the us against china and a swathe of data to ingest over now from retail sales to investment chinese and hong kong stocks are poised to follow losses elsewhere in asia with futures on the hang seng gauges and the footsie china in the red shares of i basically this is china's and the world's biggest bank we'll be in focus after the fed ordered them to boast up money laundering safeguards chinese automakers also worth watching that preparing to report earnings.

Asia Bloomberg Emma O'brien Shanghai United States China President Trump Shenzhen Thirty Billion Dollars One Percent
Larry Kudlow is a leading contender to replace Gary Cohn

Bloomberg Daybreak: Asia

01:33 min | 4 years ago

Larry Kudlow is a leading contender to replace Gary Cohn

"Every fifteen minutes here on bloomberg radio well it's a day of caution here in the asia pacific little bit like what we saw on wall street where the s and p five hundred was down three points the dow industrial's off one fifty seven and after the huge gains yesterday in the asia pacific it seems like we're digesting some of those gains and trading slightly lower we have had some pretty big news announced his well china announcing plans to merge regulators let's get right up to beijing with bloomberg's emma o'brien for look at the china markets hi there bryan well slightly negative outlook for chinese stocks with teachers on the hang seng and footsie china indexes signaling mild losses this morning after a mixed day in the us the main news though china's plan to create somewhat of a super regulator out of its banking and insurance watchdogs this could bolster shares of china's big lenders which are mostly listed in hong kong as it may lead to an improvement in asset quality the impact could be more varied to the insurance which have been somewhat of a target and china's be risking campaign brian thanks very much in some other news this morning president trump signed an order blocking broadcom's purchase of qualcomm citing national security and broadcom traded lower qualcomm was flat in after hours straight and it turns out that economists larry kudlow has emerged as president trumps favorite to replace gary cohn now this is according to bloomberg reporting citing to people with knowledge of the matter trump may name kudlow as his top economic advisor in the next day or two.

Asia China Bloomberg Emma O'brien Hong Kong Donald Trump Broadcom Qualcomm Gary Cohn Advisor Dow Industrial Beijing Bryan Brian President Trump Larry Kudlow Fifteen Minutes