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China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
A group of investors led by a Dubai-based real estate developer is in talks to build a mixed-use tower in Thailand that may vie for the mantle of the world’s tallest building.
As homeowners invest in solar panels, EV chargers, heat pumps and batteries, many are finding that a little electricity arbitrage can be addictive.
Jan 24, 2020
, Bloomberg News
(Bloomberg) -- Federal Reserve policy makers meeting next week will take solace in recent figures showing momentum in the housing market and elevated consumer sentiment. Across the Atlantic, U.K. central bankers will have a much tougher decision on interest rates as they weigh subdued inflation and retail sales against resurgent manufacturer optimism.
Here’s some of the charts that appeared on Bloomberg this week, offering a pictorial insight into the latest developments in the global economy.
U.S.
The lowest unemployment rate in five decades, steady wage gains and record stock prices are squelching U.S. household pessimism about the economy. Elevated confidence indicates consumer spending will remain sturdy.
There’s also optimism within the housing market, with a caveat. An end-of-year surge in purchases of existing homes left available properties at their leanest in records back to 1999, which could lead to further acceleration in asking prices.
Europe
Expectations for a Bank of England interest-rate cut this month have been on a wild ride -- rapidly climbing from almost zero at the start of the year before moderating as surveys showed a post-election bounce.
Meantime, as the World Economic Forum in Switzerland touts the importance of diversity, Davos Man is clearly more prevalent. Although the proportion of female attendees has improved over the years, it’s still less than 25%.
Asia
Malaysia’s central bank unexpectedly cut interest rates, following emerging-market peers including Turkey and South Africa that kicked off the year with rate reductions.
World
The International Monetary Fund projects world economic growth will accelerate this year, to 3.3% from 2.9% in 2019.
--With assistance from Catherine Bosley, Jeremy Diamond, David Goodman, Ana Monteiro, Anisah Shukry, Alex Tanzi and Chester Yung.
To contact the reporters on this story: Vince Golle in Washington at vgolle@bloomberg.net;Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editor responsible for this story: Scott Lanman at slanman@bloomberg.net
©2020 Bloomberg L.P.
