18 Burst results for "Gulf Investment Corporation"

China to inject billions in liquidity on Monday as markets reopen

BTV Simulcast

03:03 min | 1 year ago

China to inject billions in liquidity on Monday as markets reopen

"With Chinese market regulators have unveiled a sea of measures to ensure stability in its forty five trillion dollar financial system the markets reopen on Monday following an extended lunar new year break it's got to on gas not rough I looked on the head of capital markets and senior portfolio manager I Gulf investment corporation who joins us on the Skype from Kuwait soul family here we go with C. S. C. instead he measures in total coming from the PD see from the regulators does that give you some sense of confidence that tonight tomorrow morning when we open that sort of that the Chinese are bottle ready to support these markets good morning my nose and all of DC's a leg a good a good that statement from the view of the sea and that and that and the China Chinese government I think that they are going to do their best to do and good with these out correct which of using the he's gonna have a big effect on on Chinese economy and and more generally on global economy we E. soul on Fridays eight PM my already going down the back school at fifty ad which is a sign that the economy was already struggling even before the outbreak and add that in there for we need that it is being exported from today Chinese authority in order to support to the economy and they yeah but and your room to do that so at the moment that I I am I think that we should be speeded up complete and eating not in some kind of the Serbian section of the situation I mean run fairly you can try and pump as much liquidity as you want into the Chinese financial system it's not going to get apple to re opened its doors so I'm gonna get Qatar Airways to resume flights to China or the United States for that matter isn't it time now it to perhaps thanks to ray in a muscle prolongs meaningful slowdowns although a lot of these key economic base and as a result go a lot more defensive in your portfolio I absolutely agree with you use that for a number of reasons first of all at the impact on that the Chinese economy is going to be a much bigger than what the re soul with the previous event may not find two thousand and three with the stars and the economy at that time mama and was much is more than now and that day every option from the government that was a less severe we are talking about and keep these women are so people already closed at a TV the at least there stop would be that for birdie and then nine so we lost in two thousand and three days but on the China economy was around one percent of GDP I think at this time that we can expect the something bigger

"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"The one hundred person service as a hate crime. I'm Christopher cruise. Zana? Palmer from Bloomberg world headquarters the world economy's ability to rebound from recent soft. Patch will be tested this week as data is released from Washington to Beijing. Federal Reserve officials concluded meeting Wednesday amid expectations they won't change monetary policy. This after US GDP in the first quarter was shown to ever is Annetta greater than four. Fast rate of three point two percent. That won't last says Raphael, a Bertoni Gulf Investment corporation, head of debt capital markets is fishing for the genetic growth around the two percent before the US going on here China releases its purchasing managers index Tuesday the same day that the euro area is predicted to show. It's a Konami studied in the first quarter. The steady stream of earnings reports continues this week companies will hear from include apple alphabet, GE Pfizer. Mark mastercard. General Motors and MetLife it's election day in Spain. Where voters will decide how to take Spain forward. Now that years of financial crisis are behind them about thirty seven million people are eligible to vote. Warren Buffett's real estate. Brokerage is expanding into the Middle East with an office in Dubai. Berkshire Hathaway home services Gulf properties will join international offices in London and Berlin Dubai is a bit of a contrary. Bet buffet is. Expanding in Dubai as the emerets property market extends a slump since its peak in October two thousand fourteen the Milken conference gets underway tomorrow in Beverly Hills where it's turning attention to women in the workplace this year International Monetary Fund chair Christine Lagarde kicks off the event with remarks, Monday morning, followed by more than a dozen panels on workplace equality, Bloomberg radio and television. We'll be there live bringing you interviews throughout the day from some of the biggest names in finance global news twenty four hours a day on air and ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. You're listening.

Susanna Palmer Dubai Bloomberg Bloomberg world Spain Bertoni Gulf Investment corpor Zana Christopher cruise Berlin Dubai Federal Reserve International Monetary Fund Warren Buffett Berkshire Hathaway head of debt capital markets Mark mastercard Middle East Christine Lagarde Washington US
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:57 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Two percent before the USA going on defense been struggling to get inflation up. You look at the balance sheet expansion from eight hundred billion dollars to what four point five trillion at peak in twenty fifteen now the market appears to be growing warmly towards the idea of an additional rate cut sooner rather than later. This just we can silent. Why is it so difficult to defect to get these numbers? I think a number of reasons for the for information to remain not only US interest of the word and the the number of we saw on on Friday. Below his petition, and is confidential that we are leaving the with that knowing Felicien at least on the core side that goes consumption information pricing was wasn't over at the PPI. Was I yeah. So we have a. Dining flation about the macho little quote inflation. Let's just take the coordination subject full because person can subject spent one point three percent. This is Charlie Evans and a couple of weeks ago. Made the point that he would definitely be thinking about talking about insurance by cutting rates. Do you think we're going to see more momentum about rate cuts in the United States of America, the market spicy and twenty five bits of the moment? I think they might go ahead of phantom. So his patients, my base case scenario is that the fed that wants to be out of the picture at least the four thousand in nineteen they already a lot in December. And and the first of this year. The outlook voting physician is that they don't need to characterize at least in this year. If we would prize any addition should be more for twenty twenty. So what do you think we're going to get from the fed in the coming days is it going to be a harder tone when it comes to some of the dumbest this we've seen in the past. I mean, we've got obviously the job say, no, we've got refinancing figures an announcement of the refunding announcement, and then the FOMC, of course, this week. I think the tone is going to be very similar to what the we had the last month. We're going to have some information on the amount or financing, and this is the shit by the intensity of Delvin dovish. I don't expect any change compared to previous meeting. You're buying the dip on across the euro by to your paper on your of tenure paper on on a deck. It is not a conviction coal from you. I it is up. So that they convention call the cover should steepen meet the from the current level. I consider to fifty for the ten year a pilot number democracy move in the trading range between two thirty six which is the lowest we touched a month ago and to sixty two sixty three we should remain in that in that range. Do the two year part of the curve as. And we have a father. Lurlene and especially their down the curve is very interesting in in US and US is still the only developer market where Rio rates are stayed impulsive territory. So for an investor around the world is is a market were they should they should be invested. Okay. We're gonna take a little bit deeper into the currency side of the equation rough about Tony head of debt capital markets over Gulf Investment corporation on the show. This Sunday still had his longest run thirteen years. It takes a breather. Prices full nearly full percent as President Trump claims to have cooled OPEC to.

United States fed Charlie Evans twenty twenty Delvin dovish FOMC Felicien OPEC head of debt capital markets Gulf Investment corporation America Tony President Trump Lurlene Rio developer eight hundred billion dollars twenty five bits
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:57 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"Four the US going on defense been struggling to get inflation up. I mean, you look at the balance sheet expansion from eight hundred billion dollars to four point five trillion at peak in twenty fifteen now the market appears to be growing warmly towards the idea of an additional rate cut sooner rather than later this week consigliere, why is it so difficult for the fed to get these numbers? I think a number of reasons for the for inflation to remain low not on the US by in the rest of the world. And the the numbers of we saw on on Friday. Below his petition and these confirmation that we are living in the way that knowing Felicien at least on the core side goes consumption information price index was was over at the PPI was ISO. We have a higher inflation's. Macho were core inflation. Let's just take the corn inflation subject full because person can subject expense was one point three percent. This is what Charlie Evans in two weeks ago. Made the point that he would definitely be thinking about talking about insurance by cutting rates. Do you think we're gonna see more about rate cuts in the United States of America, the market's pricing and twenty five bits of the moment. I think the big ahead of them, so speculations my base case scenario is that the fed that wants to be out of the picture at least for two thousand nineteen. They already allowed in. December. And and the first of this year. The outlook for inflation is very benign. They don't mean to cut rates at least in this year. If we would prize any speculation should be more for twenty twenty. So what do you think we're going to get from the fed in the coming days is it going to be a harder tone when it comes to some of the dovish this we've seen in the past. I mean, we've got obviously the job Saito. We've got we financing figures an announcement of the refunding announcement, and then the FOMC, of course this week. I think the tone is going to be very similar to what we have the last month. We're going to have some information on the amount or financing, and this is the balance sheet by the terms of Delvin Dhabi. Nash. I don't expect any change compared to previous meeting Europe the date on across the curve. You're a buyer to your paper on your tenure paper on on a dip is not conviction coal from you. Absolutely convention, call the cover should steepen at from the covering level. I still consider to fifty for the ten year a number. Democracy. I'm over in the trading range between two thirty six which is the lowest we touched a month ago and to sixty to sixty three we should remain in that in that range. Do the two year part of the curve as Dave. We have a father. Lower. And especially they're down on the curve is very interesting in in US and US is the only developer market where we are rates are stayed in positive territory. So for an investor around the world is is a market where they should they should be invested. Okay. Hello. We're gonna take a little bit deeper into the currency side of the equation rough antibody Tony head of debt capital markets over at Gulf Investment corporation on the show. This Sunday had or as long as Bill run thirteen years. It takes a breather Fulton. Eighty four percent is President Trump claims to have cooled back to demand action..

United States fed Delvin Dhabi Charlie Evans twenty twenty FOMC Felicien Saito head of debt capital markets Bill Europe Nash Gulf Investment corporation President Tony Trump America Dave eight hundred billion dollars
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:08 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"The negotiating it will not be. Pushing contrast to Mexico. This house has made it clear what it needs to approve withdrawal agreements. Let's get to our senior international editor Jodi Schneider. Jodi, what exactly happens next? There's a new time line in time. Isn't it? Yes. So Theresa May's been told back told to go back to the EU and come back in a few weeks with something that would be more palatable to bring her party. And then to try to get through parliament, the problem is you should put it was probably an understatement. What she said that there's limited appetite in the EU to renegotiate the deal. Donald tests said they are not going to renegotiate the deal the deal that's on the table that took two more than two years from negotiate is the deal. So essentially, not a lot has changed even with that series of votes. The deadline is still divorced day is still March twenty ninth. There's no agreement that in passed by parliament. And the EU says this is the agreement take it or leave it at this point, the the everyone is talking about the fact that they don't want the UK to leave without some kind of arrangement that the chaos that what the economic chaos. Many are predicting with a no deal. Brad set is not something that anybody, including the ministers and want to see happen. So what's probably on the negotiating table would be a delay in the Brexit. It is unclear how much more you came in the EU ministers are willing to give Theresa May and the UK and it's unclear what she can bring back that would be palatable. So it's that same kind of situation. The real question is eight weeks left to go before that divorce date whether they can push that forward and see what happens next again. I Russia backstop is something that was very controversial that the UK may clear the parliament make clear they don't want. And yet the EU says it has to be in the agreement. Okay. Jodi, thank you very much. Of course. There was a symbolic nonbinding vote opposing leaving without a deal that was non-binding that was on the floor of the highest of comments last night. Jodi, thank you Rafael about Tony is that the debt capital markets Gulf Investment corporation. He's still with us on the line from Doha Britain done here, Rafael thanks for staying with us is this one of those moments where one can say that the prime minister is either delusional or Machiavelli in other words being sent back to try and on Piccadilly deal that she put together delusional Machiavelli. Difficult question. My notes, I think that the UK parliament and the and the prime minister Dana, very whether that Europe is facing a very crucial election in may. I think in the are not able to negotiate anything different from what did they agreed in the past eighteen months, and therefore they're waiting for these election to come back and trying to renegotiate something different. So I think it's a political bet on the next European election. Rafael are we going to see a bit of a bid for guilt at the open in London? And what does all of this due to cable where where where sort of your views on that? We had the strong rally which was essentially based on this petition all. Some kind of delay the Brexit which would probably offend but the. Chance Ford and stop Brexit in my view, reducing significantly and therefore. The shows she'll continue to trade in a very volatile away. And in the short term. I don't see a big upside. Given the repricing that we've seen in volunteers. Good. Live. We would you be a buyer of volatility across the spectrum across the shorter dated tenors in terms of bombs. Yes. And we always said the series is going to be a very. A year. I think of buying the cheaper level. It's a good strategy. We're going to have lots of Athens up and down, and we are going to be dependent. The major central banks, and therefore any data could spike of volatility in the market, and it's a good strategy to protect the performance or the portfolio. Raffaela and great. With the Arado this morning. Tony. I don't find that capital markets at the Gulf Investment corporation. Thank you very much. All right coming up on the.

EU Jodi Schneider Theresa May parliament UK Brexit Rafael Gulf Investment corporation prime minister Mexico editor Brad Tony Raffaela Donald Europe London
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

06:01 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Results and forecasts in the company's performance has begun to stabilize after a punishing in two thousand eighteen the company seems second quarter revenue up to fifty nine billion dollars. That's in line with previously lowered estimates while iphone sales fell last quarter revenue from services and wearable devices grew from a year earlier sales in China though were down twenty six percent from a year earlier. Speaking of China's slowdown provinces across the country are slashing growth targets for the indicating a at national figure is likely to be in March. Thirty provinces have released their targets. Twenty three of them. Have come back. Going Dong is not aiming for sixty six and a half percent expansion died from seven percent last year. A Bloomberg gauge shows China's overall economy's slowing in January for the eighth straight month as well as digesting news traders are also looking ahead to tonight's Federal Reserve rate decision. No changes expected, but investors will be closely following Jay Powell's news conference for any signs further. Dovish this that could help drive yields lower Rafael, ever, Tony. He's the head of debt capital markets at the Gulf Investment corporation, and he joins us now on the line from Doha going to get straight to the issue of the balance sheet. We put together a short TV goal for our clients on the terminal the autopilot idea of balance sheet. It's. We're going to get some movement on that front from the fed. He's going to be a very interesting meeting. Tomorrow because we democracy is very focused on. The balance sheet reduction from from the fed more than the future. I said that we can spread financial conditions. I'd already very neutral position at the moment. And and we know that the market can continue to perform well Indies as low down economic environment. Only economic condition will continue to be supportive. So the balance sheet days start. Nineteen percent all the US GDP. He's he's better. And did it is going to be crucial this year? Good morning James Mattis. I'm just picking up on the theme of the balance sheet, but I put together for our clients is the balance sheet, but also the expectation from the number of different sources on were the final balance sheet will be this is the New York fed coming through with the view. How critical is it that there is perhaps a change of pace in the balance sheet running dying? He's he's very relevant. Even though the liquidity Tuta liquidate in the market is not determined only by the size of the Federal Reserve abundance shit. Clear that reductionist a very a stronger and faster reduction of the balance sheet. Days is relevant. We saw already at the end or in this in the fourth quarter of last year. Many companies. Having difficulties in refinancing their debt, some especially in the market and be I eat buffet, the will would reduce the balance sheet much quicker than what the market can digest at the moment that we will have a son effect on the market. We had the key figure from double line capital. Put out a tweet Jeffrey. This is what you wrote the lowest recessionary signal at present is consumer future expectations relative to current conditions. It's one of the worst readings ever this is in reference to the data. We got from the Conference Board in the United States overnight. How concerned are you about a much more serious and pronounced slowdown in the market is currently anticipated. It'd be worried use a for a number of all the reasons first of all. We we know the debt already rating agencies looking at an increase in default rate in the US market compared to last year last year was around two point eight percent. And they are predicting a three point four percent or by December two thousand nineteen. This is very very grew grew. So for the overall market, we know that this the size or the Beaumont as as increased massively in the last detainees. The recovery has been one of the main reason for probably four for the daily caller. And this is all the total that. Why does Rachel three hundred and fifty percent of the two. The global GDP which is a size very meaningful. As to be reduced. I asked to be reduced in a moderate way. And in in a way that the market can can adjust today to the future. So this is all the balance sheet is one of the two men. Aspect we need to look at it. This year. The second one as our subjective. The Chinese authorities in. I've always being being a a significant slowdown on the economy there. So hold on. We'll still get to a lot of your other views in a second Rafael Bertoni stays with us say here's what's coming up on the show later.

China Rafael Bertoni United States fed head of debt capital markets Jay Powell James Mattis Tony Dong Indies Bloomberg Conference Board Gulf Investment corporation Jeffrey New York Beaumont Rachel fifty nine billion dollars twenty six percent
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"Based on the expectation of. Some kind of delay the Brexit, which would probably are. But the. Four and it stopped Brexit in my view had reduced significantly. And therefore. Found this shows she'll continue to trade in a very volatile away. And in the short term. I don't see big upside. Given the repricing that we've seen in volunteers. GDP live. Would you be a buyer of volatility across the spectrum across the shorter dated tenors in terms of bombs. Yes. And we always said that this year is going to be very. Year. I think of buying. The cheaper level. It's a good strategy. We are going to have lots of up and downs. And we are going to be dependent. The major central banks and therefore any data. Could spike volatility in the market, and it's a good strategy to protect the performance of the performance. Raffaela great seeing you catch up with the Arado this morning, Tony. I don't find that capital markets at the Gulf Investment corporation. Thank you very much. All right coming up on the program, despite all the talk.

Brexit Gulf Investment corporation Tony
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

04:56 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Approve a withdrawal agreement. Let's get to our senior international editor Jodi Schneider. Jodi, what exactly happens next? There's a new time line in time. Isn't it? Yes. So Theresa May's been told back told to go back to the EU and come back in a few weeks with something that would be more palatable to bring her party. And then to try to get through parliament, the problem is that you should put it was probably an understatement. What would she said that there's limited appetite in the EU to renegotiate the deal? Donald tests said they are not going to renegotiate the deal the deal that's on the table that took two more than two years from negotiate is the deal. So essentially, not a lot has changed even with that series of votes. The deadline is still the divorce days still March twenty ninth. There's no agreement that's been passed by parliament. And the EU says this is the agreement take it or leave it at this point, the the everyone is talking about the fact that they don't want the UK to leave without some kind of arrangement that the chaos that what the economic chaos. The many are predicting with a no deal broad set is not something that anybody including the ministers and what to see happen. So what's probably on the negotiating table would be a delay in the Brexit. It is unclear how much more you came in EU ministers are willing to give Theresa May and the UK and it's unclear what she can bring back that would be palatable. So it's that same kind of situation. The real question is eight weeks left to go before that divorce date, whether they can push that forward and see what happens next again, the Irish backstop is something that was very controversial that the you pay make clear the parliament make clear they don't want. And yet the EU says it has to be in the agreement. Okay. Jerry. Thank you very much. Of course. There was a symbolic nonbinding vote opposing leaving without a deal that was non-binding that was on the floor of the house of Commons last night. Jodi, thank you Rafael about Tony is the head of debt competent markets Gulf Investment corporation. He's still with us on the line from DOE have written down here Rafael. Thanks for staying with us is one of those moments where one can say that the prime minister is either delusional or Machiavelli in other words being sent back to try and on pick a deal that she put together delusional machiavelian. That's a difficult question singer that UK parliament and the and the prime minister Dana, very whether that Europe is facing a very crucial election in may. I think in the are not able to negotiate anything different from what today agreed in the past eighteen months, and therefore they're waiting for these election in the to come back and trying to renegotiate something different. So I think it's a political bet on the next European election. Rafael how are we going to see a bit of a bid for guilt at the open in London? And what does all of this due to cable where where where sort of your views on that? We had the strong rally which was essentially based on the petition of. Some kind of delay the Brexit, which would probably offend. But the. John Ford, and it stopped Brexit in my view had reduced significantly. And therefore. Found shows she'll continue to trade in a very volatile away. And in the short term. I don't see a big upside. Given the repricing that we've seen in volunteers in GDP library. Would you be a buyer of volatility across the spectrum across the shorter data tenors in terms of bombs. Yes. We always said that VCR is going to be a very. I last year I think of buying. What a cheaper level eight. It's a good strategy. We are going to have a lots of up and down, and we are going to be data dependent as well as the major central banks, and therefore any data. Could spike volatility in the market, and it's a good strategy to protect the performance of the portfolio. Valia great catching up with the Arado this, Tony I don't find that capital markets, the Gulf Investment corporation. Thank you very much. All right coming up on the program, despite.

EU parliament Theresa May Jodi Schneider Brexit UK Rafael Gulf Investment corporation prime minister editor John Ford Tony DOE Jerry Donald Europe London
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:24 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"To approve withdrawal agreement. Let's get to our senior international editor Jodi Schneider. Jodi, what exactly happens next time line intern? Isn't it? Yes. So Theresa May's been told back told to go back to the EU and come back in a few weeks with something that would be more palatable to bring her party. And then to try to get through parliament, the problem is the you. She put it was probably an understatement. What she said that there's limited appetite in the EU to renegotiate the deal. Donald tusk said they are not going to renegotiate the deal the deal that's on the table that took to more than two years negotiate is the deal. So essentially, not a lot has changed even with that series of votes. The deadline is still the divorce days still March twenty ninth. There's no agreement that's been passed by parliament. And the EU says this is the agreement take it or leave it yet at this point, the the everyone is talking about the fact that they don't want the UK to leave without some kind of arrangement that the chaos that what the economic chaos. Are the many are predicting with a no deal? Brad set is not something that anybody, including the ministers from what to see happen. So what's probably on the negotiating table would be a delay in the Brexit. It is unclear how much more you came in the EU ministers are willing to give Theresa May and the UK and it's unclear what she can bring back that would be palatable. So it's that same kind of situation. The real question is with eight weeks left to go before that divorce date, whether they can push that forward and see what happens next again, the Irish backstop is something that was very controversial that the UK may clear the parliament make clear they don't want. And yet the EU says it has to be in the agreement. Okay. Jodi, thank you very much. Of course. There was a symbolic nonbinding vote opposing leaving without a deal that was non-binding that was on the floor of the highest of Commons last night. Jodi, thank you Raffaella. Tony is the head of debt competent markets Gulf Investment corporation. He's still with us on the line from Doha Britain down here Rafael, thanks for staying with us is this one of those moments where one can say that the prime minister is either delusional or Machiavelli in other words being sent back to try and on pick a deal that she put together delusional Machiavelli. That's a difficult question monocytes that the UK parliament. And and the prime minister Dana, very whether that Europes phasing and a very crucial election may. I think in the not able to negotiate anything different from what are they agreed in the past eighteen months, and therefore they are waiting for these election to come back and trying to renegotiate or something different. So I think it's a political bet on the next European election. Rafael, how are we going to see a bit of a bid for guilt at the open in London, or what does this due to cable where where where sort of your views on that? We had the strong rally which was essentially.

EU Jodi Schneider Theresa May parliament UK prime minister Tony Donald tusk intern Rafael editor Brad Europes Brexit London Gulf Investment corporation Dana eighteen months eight weeks
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:18 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"Bubble news twenty four hours a day on Ariana takes on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Deborah mount this Bloomberg. He's. Thanks. Let's get back to our top story. Apple shares jumped in late trading is holiday quarter results and forecasts suggest the company's performance has begun to stabilize after a punishing in two thousand eighteen the company's second quarter revenue up to fifty nine billion dollars. That's in line with previously lowered estimates while iphone sales fell last quarter revenue from services and wearable devices grew from a year earlier sales in China doll were down twenty six percent from a year earlier. Speaking of China's slowdown provinces across the country are slashing their growth targets for the indicating a low at national figure is likely to be a nice in March. Thirty provinces have released their targets. Twenty three of them. Have come back Guangdong is not aiming for six to six and a half percent expansion Dan from seven percent last year. A Bloomberg gauge shows China's overall economy's slowing in January for the eighth straight month as well as digesting news traders are also looking ahead to tonight's Federal Reserve rate decision. No changes expected, but investors will be closely following Jay Powell's news conference for any signs further. Dovish this that could help drive yields lower. It's very in Rafael ever, Tony. He's the head of debt capital markets at the Gulf Investment corporation, and he joins us now on the line from Doha going to get straight to the issue of the balance sheets. We put together HR GT goal for our clients on the terminal the autopilot idea of balance sheet. Do you think we're going to get some movement on that front from the fed? He's going to be a very interesting meeting. Tomorrow because we democracy is very focused on the balance sheet reduction from from the fed the more than the future. I so that we can spread financial conditions. I'd already. Very neutral. At the moment. And and we know that the market can continue to perform well Indies as as low down economic environment. All the economic condition will continue to be supportive. So the balance sheet out the fed days. I would most nineteen percent of the US GDP is irrelevant. And did he is going to be crucial this year? Rivera. Good morning, James managed. I'm just picking up on the theme of the balance sheet. What I put together for our clients is the balance sheet, but also the expectation from the number of different sources on where the final balance sheet will be this is the New York fed coming through with the view. How critical is it that there is perhaps a change of pace in the balance sheet running dying? He's he's very relevant. Even though the liquidity tutto liquidity in the market is not the Durham in only by the size of the Federal Reserve, abandoned shit. It is clear that reductionist vary. A stronger and faster reduction of the balance sheet. Days Israeli band. We saw already at the end or in this in the fourth quarter of last year. Many companies. Having difficulties in refinancing their debt, some especially in the market and be I eat buffet the will would reduce the balance sheet much quicker than water demotic. And they just at the moment that we will have a son expert on the market. We had the key figure from line capital. Put out a tweet Jeffrey Goldline, this is what you wrote the most recessionary signal at present is consumer future expectations relative to current conditions. It's one of the worst readings ever this is in reference to the data. We got from the Conference Board in the United States overnight. How concerned are you about a much more serious and pronounced slowdown than the market is currently anticipated. It'd be worried use for a number of all the reasons first of all. We we know that that already rating agencies looking at an increasing rate in the US market compared to last year last year was around two point eight percent, and they are predicting a three point four percent or by December two thousand nineteen. Is very very crucial for the overall market. We know that this the size of the bull market as as increased massively in the last ten years during the recovery has been one of the main reason for probably four for the recovery and decides all day total debt as worldwide as Rachel three hundred and fifty percent of the total. The global GDP which is a size very meaningful. Has to be reduced by has to be reduced in a moderate way. And in a way that the market can can adjust today to the future. So this is all the balance sheet is one of the toolman aspect we needed to look at the second one as our active the Chinese authorities in. I. A a significant slowdown on the economy there. So hold on. We'll get to a lot of your other views in his second Rafael Bertoni stays with us. Here's what's coming up on the show later.

Federal Reserve Rafael Bertoni China Bloomberg United States Tony Apple Twitter Ariana Deborah mount head of debt capital markets Jay Powell Durham late trading Guangdong Jeffrey Goldline Conference Board Rivera Dan
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

06:01 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"And forecasts. The company's performance has begun to stabilize after punishing in two thousand eighteen the company's second quarter revenue up to fifty nine billion dollars. That's in line with previously lowered estimates while I phone sales fell last quarter revenue from services and wearable devices grew from a year earlier sales in China doll were down twenty six percent from a year earlier. Speaking of China's slowdown provinces across the country are slashing their growth targets for the indicating a low at national figure is likely to be a nice in March. Thirty provinces have released their targets and twenty three of them. Have come back Guandong is not aiming for six to six and a half percent expansion down from seven percent last year. A Bloomberg gauge shows China's overall economy's slowing in January for the eighth straight month as well as I just think that news traders are also looking ahead to tonight's Federal Reserve rates decision. No changes expected, but investors will be closely following Jay Powell's news conference for any signs further. Dovish this that could help drive yields lower Rafael, number Tony. He's the head of apple markets at the Gulf Investment corporation. He joins us now on the line from Doha going to get straight to the issue of the balance sheets. We put together HR GT goal for our clients on the terminal the autopilot idea of balance sheet. Do you think we're going to get some movement on that front from the fed? It's gonna be a very interesting meeting. Tomorrow because we democracy is very focus on. The balance sheet reduction from from the fed more than the future. I so that we can spread financial conditions. I'd already in very neutral. Position at the moment. And and we know that the market can continue to perform well Indies as as low down economic environment. Only east economic condition will continue to be supportive. So the balance sheet out there fed days. I wouldn't wanna start nineteen percent of the US GDP is irrelevant. And did this is going to be crucial this year? Good morning tea. It's madness. I'm just picking up on the theme of the balance sheet. But I put together for our clients is the balance sheet, but also the expectation from the number of different sources on were the final balance sheet will be this is the New York fed coming through with the view. How critical is it that there is perhaps a change of pace in the balance sheet running dying? He's he's very relevant. Even though the liquidity Dakota liquidity in the market is not the Durham in only by Desai's of the Federal Reserve abandoned shit. It is clear that reductionist a very a stronger and faster reduction of the balance sheet. Days is relevant. We saw already at the end or in the fourth quarter of last year. Many companies. Having difficulties in refinancing their debt some especially in the market, and the I eat buffet will would reduce the balance sheet much quicker than water demotic and digest the moment that we would have a son on the market. We had the key figure from double line capital. Put out a tweet Jeffrey clock. This is what you wrote the lowest recessionary signal at present is consumer future expectations relative to current conditions. It's one of the worst readings ever this is in reference to the data. We got from the Conference Board in United States overnight. How concerned are you about a much more serious and pronounced slowdown than the market is currently anticipated. It'd be worried use it for a number of reasons. First of all. We we know that already rating agencies looking at an increasing rate in the US market compared to last year last year was around two point eight percent, and they are predicting three point four percent. Or by December two thousand nineteen. Very very crew Crusoes for the overall market. We know that this the the size of the bull market as as increased massively in the last ten years recovery has been one of the main reason for probably four for the. And this is all the total debt. Why does Rachel three hundred and fifty percent of the total? The global GDP, which is is very meaningful. Has to be reduced. In a moderate way. And in in a way that the market can adjust today to the future. So this is all the balance sheet of the fed is one of the two men aspect we needed to look at it this year, the second one as our subjective. The Chinese authorities in. I've always being a significant slowdown on the economy there. So these hold on. We'll still get to a lot of your other views in a second Rafael Bertoni stays with us say here's what's coming up on the show later.

Federal Reserve China United States Jay Powell Durham Guandong Rafael Bertoni Bloomberg apple Tony Conference Board Jeffrey clock New York Rachel Gulf Investment corporation Desai fifty nine billion dollars twenty six percent nineteen percent eight percent
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:08 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Yours. Prosecutors are said to be pursuing a criminal case against for allegedly stealing trade secrets from its American business partners. Now, the news comes with. He'll always CFO still is on bail and Vancouver and awaiting possible extradition on China. Correspondent Tom MacKenzie joins us from Beijing. Tom. Good morning. What do we know about this investigation? Opens up another front in the US campaign against wa which on some measures is China's largest company this investigation involves looking at allegations of the theft of trade secrets by the way, that is the allegation theft of trade secrets against companies from US companies like t mobile, and it's linked to some civil cases including one they back to two thousand seventeen where the jury found that while I was indeed liable for the theft of robotic technology from team Obama. What are sources have told Bloomberg is that the investigation is quite advanced. And there is an indictment quite likely on the way soon, and again, it is another area of pressure that will be put on Tibet on which of course, is the world's second largest small by make an a major producer telecoms equipment, and it's theft. It's alleged thefts. Of course is central to these talks in these discussions between the US and China when it comes to the trade friction. Is that where the waterfall is? I mean that the hallway of the legendary owner there. Yes. Sesame seed in this trade dispute, but that is where the wider the wider full that is isn't it. It is because the company is seen widely particularly in the US as being symbolic of China's trade or technology ambitions, the fact that it poses a national security risk in the eyes of many certainly in the US and many of his allies now and the way that it's got to where it is. And many would say that that is being through the theft of intellectual property is you say the company strongly denies this. We had the founder CFO or CEO coming out junk saying that he does not words he's in Beijing and would not allow them to spy on other companies using or countries using this technology, they've strongly denied this. But certainly the US campaign to pressure is allies to block wa equipment from its own telecom networks that continues you had the case of Poland arresting hallway employees on allegations of spying. And of course, you still have the CFO of the company who is held on bail in Canada an awaits potentially an extradition case. And so that continues, and of course, the Canadians would also say that the Chinese are taken retali-. Creation against their own nationals who have been traveling to China. You've got two gentlemen, who are being held in secret detention somewhere in Beijing who continue to be held there. We don't know how long they will be detained for they don't have access to lawyers. They get to see officials. Maybe once a month that continues to Canadians set us retaliation. You also have the case of a Canadian here who saw a drug sentencing drug trafficking sentence increased to the death penalty. Again, Justin Trudeau saying that was an example of Chinese retaliation. So that those cases of sent chills through the business community here, and certainly deteriorated the ties between Canada and China for the moment. China's trying to keep focus on the talks is taking a swipe at Canada. But in terms of how they work through these issues of wall way that is a question that remains to be seen and certainly far away ever gets the states where it's blocked from US technology like said that becomes a major issue for both sides. Tom. Thank you, very much Tom MacKenzie that in Beijing with very latest on night from China to the other side of that trade, which is the United States of America trade wars Rafael, but Tony is the head of debt capital markets for Gulf Investment corporation and very clearly lane. I the theater of trade wars, the nuances my question to you to bring it into your world is we've got the theater of trade wars. But I would put a team that the fed is listening much more than once we last spoke to one another and they are much more globally aware. Is that a fair interpretation? It is absolutely fair interpretation. We had significant change in the wording on the fed in the past few weeks. They understood that an aggressive monetary policy could new economic recovery not only in USA by interested. The world is through this focus on US should not take care of the rest of the world. Where we live in a globalised world, and the effect of the trade war is already very clear in terms of becoming an in inflation and reduction in investments already US the consequence of this Roderick Astra George flipping a whole variety of voices on the fed in its position. If had consequences on the cub, we've got the five ten thirties in the GT live. We will put that up as a reference point the conversation with Stephen major the other day said look, I'm going for Kirsty, and the reason being he believes that these next rate hikes, if at all are in the long grass, we're back at levels that we haven't seen on.

China United States Canada Beijing theft Tom MacKenzie founder CFO or CEO fed Obama Justin Trudeau Bloomberg Roderick Astra George Vancouver Stephen wa t mobile Tibet Kirsty
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:25 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Bring in my gas Raffaele, but Tony had off debt capital markets Investment Corporation, heavy with this this morning. Another day another set of Brexit headlines for you to pass has been used as corny is on the market in in regards to the reaction of the markets thus far. We were expecting this kind of reaction. If you remember last time, we spoke about the discerning sterling was one of the most undervalued currency in the world, the expectation of a positive outcome from the Volta was very low. The parliament all member parliament. In favor of some kind of deal. Everybody knows that without a deal would be a very Brexit. Brexit would be disaster for the economy. We we we know that. But the reality is that nobody's putting on the table of the EU any any proposal from the UK side. So at this point in my view the. The. Before the option is going to be a no Brexit deal. That rises up. No Brexit rises up the scale for you. I think as the default option for UK and is rising the probability or referendum, which by the way is quoted forty-three percent at by the UK bookmakers. So these are the two possible options, I want to show you, Sean. This is this is what the analysts think is what the market things on the pond and on I find this quite quite interesting. David more. Cable. Right. And then you have the amnesty analysts are lot more optimistic by the end of the year that Dan, perhaps where we are at the moment to close that gap banking on a second referendum and a yes, we want to stay. I say that's great. Thank. This petition had very positive at the moment on on the pound. I disagree on on that the because we had the more than two years to find some kind of agreement, and we fade what David Cameron before the referendum was able to struck with the U A something that is not that she will go anymore and. Therefore, I think agreement on of any kind in the u k politics are very difficult to find and is not able to compromise. They they will like, but they are not able okay said what they'd like to do. And and and and what they can deliver divide apart take it back to you to the bone. What I was with Stephen major with past couple of days, we talked about the break even want to bring it back to view attention. It's it's energy TV live. This is five and year. He if we go along the road that you've just suggested, which is that we might reach a referendum, and the understanding is that we come out of that with us stay proposition that might have bones and starting to rally, what would that do to the inflation story in the United Kingdom would that help these brave drift lower again, I think so at the moment, the gilt market is offering no value at all are rates are very very low. Inflation because of the devaluation of the pound as at become significantly going forward. That would be the we positive for inflation in UK. I think that. The central Bank Banco being Grandes looking for Newport unity to. To start normalizing monetary policy there. So in any case, I don't see upside for UK gets in short-term medium-term. Can you flick it over to Europe for me, we sometimes we don't spend enough time jobs on the on the other side for Europe and the European bond market we've seen this rush to quality. But for you this year, what does the prospect? Very Nita prospect. Was very clear that in European economy still needs a huge amount of. Support. I think that they cannot do much from their eight side you said thirty to thirty five percent that you'd be. That's my that's my view. I think much more importantly, it's going to be how they will reinvest. The proceeds for bonds Spiring from the quantitative easing point of view, probably DC. We would have something around forty six sixty percent of bond buying that. We saw last year, this is very supportive. The only thing. Okay. Here is that they might think craze posse rates not because of inflation. But more support the finance the banking sector. We we've got to get some support to the banks. And we've got to get off the emergency rates have Ron Rafael stay with me. Ralph Alabi Tony had of debt capital markets over Gulf Investment corporation, says Brexit tidied away for you. The star of the show still had the French finance minister calls for.

United Kingdom David Cameron Brexit Ralph Alabi Tony parliament Volta Investment Corporation Europe EU Raffaele Ron Rafael Sean Dan Stephen major Gulf Investment corporation Bank Banco Spiring
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:05 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"Disarm Vega to your portfolio, but obviously is going to be very difficult, and you you need to do right to pick the right timing. And this is true for volatility. But also for all other asset classes now we are seeing enjoying and nice railing on a risky assets. I think has reason to continue bison. I'm going to be as three to line is going to be very volatile and the timing. This year is going to be crucial. Okay. That set time is running against this is going to be to volatile twenty nine hundred. Thank you very much for being my guest this morning that is Rafael about Tony head of capital markets for Gulf Investment corporation being on the show up next France abundance caller's gone as the Reynaud boss finds detention in Japan when live in Tokyo for the very latest. This is. Stuck in your desk? Nod your problem trying to get the latest business news every place you have to go. Do you think some of the central bank's doing all that they can probably correction was your problem is this a bit of a surprise this collaboration between GM and Honda? How does that affect evaluations? They're going to be able to realize when they do try to go and sell this is as good as it gets bird radio. The Bloomberg business ad and bloombergradio dot com. Bloomberg the world is listening to your smart. Bloomberg intelligence from Beijing that intended to Asia, economists, Tom only insight into where crucial industries stand today, and where they may be heading next intelligence senior analyst. Ties in Honshu, Wall Street acumen with bag intelligence Santa's Eli's research. Great to have you on the program. Beg intelligence only on Bloomberg radio, the Bloomberg Radio Mozambique, Hundley dot com. Seize the chance to acquaint yourself with Germany's first female Chancellor Angela Merkel A chancellorship forged in crisis..

Bloomberg Chancellor Angela Merkel Germany Gulf Investment corporation Beijing Tokyo Rafael Japan Asia senior analyst GM Santa Honda Eli France Tom
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

07:42 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"Equity is available now from Bloomberg press. US prosecutors said to be pursuing a criminal case against Hawaii for allegedly stealing trade secrets from its American business partners. Now, the news comes with. He'll always CFO still is on bail and Vancouver and awaiting possible extradition on China. Correspondent Tom MacKenzie joins us from Beijing. Tom. Good morning. What do we know about this investigation? Opens up another front in the US campaign against wa away which on some measures is China's largest company this investigation involves looking at allegations of the theft of trade secrets by the way, that is the allegation theft of trade secrets against companies or from US companies like t mobile, and it's linked to some civil cases including one they think back to two thousand seventeen where the jury found that while I was indeed liable for the theft of robotic technology from t mobile, and what our sources have told Bloomberg is that the investigation is quite advanced. And there is an indictment quite likely on the way soon, and again, it is another area of pressure that will be put on Tibet on way. Which of course is the world's second-largest by make an a major producer of telecoms equipment, and it's theft. It's alleged theft of IP, of course, is central to these talks in these discussions between the US and China when it comes to the trade friction. Is that where the wider fall is? I mean that they Hawas said of the legendary owner there. Yes, he's saying look, I'm a sesame seed in this trade dispute, but that is where the wider the wider full that is isn't it. It is because the company is seen widely at particularly in the US is being symbolic of China's trade or technology ambitions, the fact that it poses a national security risk in the eyes of many certainly in the US and many of his allies now and the way that it's got to where it is. And many would say that that is being through the theft of intellectual property as you say the company strongly denies this. We had the founder CFO or CEO coming out junk face saying that he does not work with youth. Authorities in Beijing and would not allow them to spy on other companies using or countries using this technology they've strongly denied this. But certainly the US campaign to pressure its allies to block wa equipment from its own telecom networks that continues you had the case of Poland arresting hallway employees on allegations of spying. And of course, you still have the CFO of the company who is held on bail in Canada and awaits potentially an extradition case. And so that continues, and of course, the Canadians would also say that the Chinese have taken retire. Allegation against their own nationals who have been traveling to China. You've got two gentlemen, who are being held in secret detention somewhere in Beijing who continue to be held there. We don't know how long they will be detained for they don't have access to lawyers. They get to see officials. Maybe once a month that continues the Canadian retaliation. You also have the case of a Canadian here who saw a drug sentencing drug trafficking sentence increased to the death penalty. Again, Justin Trudeau saying that was an example of Chinese retaliation. So that those cases of sent chills for the business community here, and certainly deteriorated the ties between Canada and China for the moment. China's trying to keep focus on the talks is taking a swipe at Canada. But in terms of how they worked through these issues, and that is a question that remains to be seen. And certainly while we ever get to the stage where it's blocked from US technology. Like, you said see that becomes a major issue for both sides. Tom. Thank you very much in the very latest on night from China to the other side of that trae, which is the United States of American trade was Rafael Albertoni is the head of debt capital markets for Gulf Investment corporation and very clearly lane. The theater of trade wars, the nuances my question to you to bring it into your world is we've got the theater of trade wars. But I would put a team that the fed is listening much more than once we last spoke to one another and they are much more globally aware. Is that a fair interpretation? It is absolutely. A fair interpretation. We had the change in the awarding on the fed in the past few weeks. They understood that an aggressive monetary policy could new radio the economic recovery. Not only in USA, by Inger rested. Their word is to defend this focus on the US should not take care of the rest of the world. Where we live in a word, and the effect of the trade war is already very clear in terms of a in inflation and a reduction investments or at the US. Now, the consequence on all this rhetoric Astra George flipping a whole variety of voices on the fed in its position consequences on the cub. We've got the five ten thirties in the GT live. We will put that up as a reference point conversation with Stephen major the other day said look, I'm going for Kirsty, and the reason being he believes that these next rate hikes if at all are in the long grass we're back at levels that we haven't seen. Since last February is there more propensity in your view to continue the steep. And if so to what level I think, the Cubbies already prising expectation in terms of fed dykes. We are advocating for another. I probably in the second quarter on next year. But we wouldn't be surprised to see. No, I I think the focus for defended. This year is going to be more dinner monetization process off their balance sheet, rather than how many I we are going to have at the moment, we keep a neutral duration position because they're Elliot's already open. We spent a little bit steepening of the curve, but very modest from current level by we are ready to go along with Eurasian as soon as we would have more dovish. Assessment that from the fed the normalization process. I I'm always I love a fast and furious trade. And so there was a chart that caught my eyes you came out to the Saturn is on volatility, and this is about the mov index the Bank of America Merrill, Lynch mob index down for eight days in a row. We haven't seen sweet died on the mall Vendex dot since probably at the back end of last year now that volt drop has a lot of people writing straddles and strangles. In other words, the fed won't move. The great deal ball won't move. Great deal in the bond market is that a smart trade at taking him premium? Fifty million dollars has been taken in premium is that a smart trade for you or got risk? This year is going to be a year of very strong volatility for a number of reasons. And therefore if you are able to play the volatility, I think is gonna this to your portfolio, obviously is going to be very difficult, and you you need to do right to pick the right timing. And this is true for volatility, but also for all other asset classes now we are seeing enjoying and nice railing on risky assets. I think it has reason to continue by not gonna be as three to line is going to be very volatile and the timing. This year is going to be crucial. Okay. That set time is running against this. It's going to be volatile twenty nine hundred. Thank you very much for being my guest this morning that is Rafael about Tony had of capital markets for Gulf Investment corporation being on the show. Not. I'm.

China US fed theft Beijing Tom MacKenzie Bloomberg CFO Canada Rafael Albertoni Gulf Investment corporation founder CFO or CEO Justin Trudeau t mobile Hawaii Vancouver Tibet Hawas
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:05 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"US prosecutors said to be pursuing a criminal case against Hawan way for allegedly stealing trade secrets from its American business partners. Now, the news comes with he'll always CFO still is on bail in Vancouver and awaiting possible extradition, Johnny. Correspondent Tom MacKenzie joins us from Beijing. Tom. Good morning. What do we know about this investigation? It opens up another front in the US campaign against soi way. Which on some measures is China's largest company this investigation involves looking at allegations of the theft of trade secrets by hallway. That is the allegation theft of trade secrets against companies or from US companies like t mobile, and it's linked to some civil cases including one dating back to two thousand seventeen where the jury found that while I was indeed liable for the theft of robotic technology from team, and what our sources have told Bloomberg is that the investigation is quite advanced. And there is an indictment quite likely on the way soon, and again, it is another area of pressure that will be put on Tibet on wall way. Which of course, is the world's second largest small by make an a major producer of telecoms equipment, and it's theft. It's alleged Steph divide p of course, is central to these talks in these discussions between the US and China when it comes to the trade friction. Is that where the wider fall is the hallway of the legendary owner there? Yes. Saying look, I'm a sesame seed in this trade dispute that is where the wider the wider full days, isn't it? It is because the company has seen widely particularly in the US as being symbolic of China's trade or technology ambitions, the fact that it poses a national security risk in the eyes of many certainly in the US and many of his allies now and the way that it's got to where it is. And many would say that that is being through the theft of intellectual property is you say the company strongly denies this. We had the founder CFO or CEO coming out junk saying that he does not work with your buddies in Beijing and would not allow them to spy on other companies using or countries using this technology, they've strongly denied this. But certainly the US campaign to pressure its allies to block wa equipment from its own telecom networks that continues you have the case of Poland arresting a hallway employees on allegations of spying. And of course, you still have the CFO of the company who is held on bail in Canada awaits potentially an extradition case. And so that continues, and of course, the Canadians would also say the Chinese have taken retali-. Against their own nationals who have been traveling to China. You've got two gentlemen, who are being held in secret detention somewhere in Beijing who continue to be held there. We don't know how long they will be detained for they don't have access to lawyers. They get to see officials. Maybe once a month that continues the Canadian. So that's retaliation yours at the case. A Canadian here who saw a drug sentencing drug trafficking sentence increased to the death penalty. Again, Justin Trudeau say that was an example of Chinese retaliation. So that those cases of sent chills through the business community here, and certainly deteriorated the ties between Canada and China for the moment. China's trying to keep focus on the talks is taking a swipe at Canada. But in terms of how they worked through these issues in a way that is a question that remains to be seen. And certainly if we ever gets the stage where it's blocks from US technology like that becomes a major issue for both sides. Tom. Thank you, very much Tom MacKenzie that in Beijing with the very latest on hawala night from China to the other side of that trae, which is the United States of America trade wars, Rafael Bertoni is the head of debt capital markets for Gulf Investment corporation and very Katie lane. I the theater of trade wars, the nuances my question to you to bring it into your world is we've got the theater of trade wars. But I would put it team that the fed is listening much more than once we last spoke to one another, and they are much more globally aware is that a fair interpretation. It is absolutely interpretation. We had a significant change.

China US Beijing theft Tom MacKenzie founder CFO or CEO Canada Hawan fed Justin Trudeau Johnny Vancouver Tibet Steph t mobile Rafael Bertoni head of debt capital markets Bloomberg
"gulf investment corporation" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:05 min | 2 years ago

"gulf investment corporation" Discussed on Bloomberg Radio New York

"Wat- David Cameron before the referendum was able to struck with the U is Santi that these not that she will go anymore. And therefore, I think agreement on of any kind in the UK politics are very difficult to find. And you is not able to compromise. They they were like, but they are not able okay? So what they'd like to do? And and and and what they can deliver divide apart take it to to the bomb with Stephen major over the past couple of days, we talked about the break even want to bring it back to our viewers attention. It's it's energy TV library. This is five tens and thirty year. He if we go along the road that you've just suggested, which is that we might reach a referendum, and the understanding is that we come out of that with a stay proposition that might embolden sterling to rally. What would that do to the inflation story in the United Kingdom would that help these break evens drift lower again, I think so at the moment of the market is offering no value at all. We are rates are very very low inflation because of the devaluation of the pound as a pickup significantly going forward that would be that would be positive for inflation in UK. But I think that. The central Bank of Bank holding is looking for an opportunity to. To start normalising the monetary policy there. So in any case, I don't see upside the UK, it's an initial Thermo medium-term ten you flick it over to Europe for me, we sometimes we don't spend enough time on the on the other side for Europe and the European bond market we've seen this rush to quality. But for you this year, what does the prospect very little prospect was very clear that in European economy still needs a huge amount of. Support. I think that they cannot do much from their eight side, you say thirty to thirty five percents, you that's my that's my view. I think much more importantly, it's going to be how they were invested. The proceeds for bonds expiring from the quantitative easing point of view, probably DC. We would have something around forty six sixty percent of bond buying that. We saw last year. This is Steve's very supportive. The only thing. And during the year is that they might increase rates not because of inflation, but more to support the the banking sector. Everybody is saying we've got to get some support to the banks. And we've got to get off the emergency rates have Ron Rafael stay with me. Raffaela attorney had of debt capital markets over a Gulf Investment corporation. So Brexit tidied away for you, the star of the show still had the French finance minister calls for caller.

United Kingdom David Cameron Santi Europe Bank of Bank Ron Rafael Stephen major Brexit Gulf Investment corporation Raffaela Steve attorney forty six sixty percent thirty year
"gulf investment corporation" Discussed on WAFS Biz 1190

WAFS Biz 1190

05:25 min | 2 years ago

"gulf investment corporation" Discussed on WAFS Biz 1190

"My gas Raffaele, but Tony had off debt capital markets Investment Corporation, quite happy with this this morning. Another day another set of Brexit headlines for you to pause, are you as been used as corny is in the market in in regards to the reaction of the markets thus far. We were expecting this kind of reaction. If you remember last time, we spoke about this sterling sterling was one of the most undervalued currency in in in the world, the expectation of a positive outcome from the Volta was very low the parliament all member of parliament in favor of some kind of deal. Everybody knows that without a deal would be a very Brexit. Brexit would be a disaster for the economy. We we we know that. But the reality is that nobody's putting on the table of the EU any any proposal from the UK side. So at this point in my view. The. The fourth option is going to be an no Brexit deal. That rises up. No Brexit rises up the scale for you. I think is the default option for UK and is rising the probability or referendum, which by the way is quoted forty-three percent by day, you Kaby bookmaker. So these are the two possible options. Okay. I want to show you, Sean. This is this is what the analysts think is what the market thinks on the pond, and I find this quite quite interesting. David Bloom this morning. So you've got your cable, right? And then you have the amnesty. The analysts are lot more optimistic by the end of the year that Dan perhaps where we are at the moment to close that gap banking on a second referendum and a yes, we want to stay. I say that's script. Thank. This petition a very positive at the moment on on on the pound. I disagree on on that because we had the more than two years to find some kind of. Agreement and and we fade what David Cameron before the referendum a- was able to strike a with the U a something that these not that she will go anymore and. Therefore, I think agreement on of any kind in the UK politics are very difficult to find Andy you is not able to compromise they they will lie, but they are not able okay said what they'd like to do. And and and and what they can deliver divide apart take it back to you or to the bomb where I was with Stephen major over the past couple of days, and we talked about the break even want to bring it back to attention. It's it's energy TV live. This is five tons and third year. He if we go along the road that you've just suggested, which is that we might reach a referendum and understanding is that we come out of that with a stay proposition that might embolden starting to rally. What would that do to the inflation story in the United Kingdom would that help these break evens drift lower again, I think so. At the moment that the market is offering no value at all real rates are very very low inflation because of the devaluation of the pound as at pickup significantly going forward that would be positive for inflation in UK. But I think that. The center of Banco Banco being Grandes looking for put unity to. To start normalising the monetary policy there. So in any case, I don't see upside the UK short-term medium-term, can you flick it over to Europe for me, we sometimes we don't spend enough time on the on the other side for Europe and the European bomb? Mark we've seen this rushed quality. But for you this year. What does the prospect? Very little prospect. It was very clear that in European economy still needs a Yuji amount of. And support. I think that they cannot do much from the rape side. You say thirty to thirty five percent that that's my that's my view. I think much more importantly is going to be how they will reinvest. The proceeds for bonds Spiring from the quantitative easing point of view, probably DC. We would have something around forty six sixty percent of bond buying that. We saw last year. These thieves very supportive. The only thing that happened during the year is that they might think the posse rates not because of inflation, but more to support the the banking sector. Everybody is we've got to get some support to the banks. And we've got to get off the emergency rates have Ron Rafael stay with me. Tony had of debt capital markets over at Gulf Investment corporation says Brexit tidied away full year, the star of the show still had the French finance minister calls for callers..

United Kingdom Brexit Tony parliament Stephen major Volta Investment Corporation Banco Banco David Cameron Europe EU Raffaele David Bloom Ron Rafael Sean Dan Yuji