Surged inurces beers hong kong after agreeing to buy sab millers stake in their chinese joint venture. It gives it full control of the worlds best selling brew, snow beer. Transaction still needs regulatory approval. Those are the headlines from Bloomberg News. Lets take a look at the markets right now. Hong kong and china currently closed for lunch. Heres how they were trading in the morning session. \ mumbai alltokyo, and rising today. We will be back in half an hour. Emily im emily chang and this is bloomberg west. Apple and the fbi testify before congress. We bring you the latest arguments. Attorney general Loretta Lynch addresses tech in silicon valley. She spoke to me about where she stands and says apple shouldnt decide this issue for everyone. Zyngas ceo stepping down again. We take a look at what comes next for the struggling gaming company. The House Judiciary Committee takes on the encryption battle. The fbi and apple delivered testimony on this bitterly contested debate. Fb
Bloombergs European Headquarters in london. Im guy johnson. Lets check in on the European Equity story and show you what is happening. Front foot forward, risk on, tax 1 higher. Ftse up 0. 5 . Nearly 0. 8s up by percent. Asia had a solid session. The nikkei roaring ahead. Take a look at dollaryen. That is up 0. 3 . The nikkei up 4 overnight. Go to your terminal. The nikkei, the stoxx 600 and the s p. The nonus markets have a lot catching up to do. Oil is trading lower. Lets get you caught up with all the news. Heres nejra cehic. Donald trump has a firmer grip on the republican president ial nomination. Hes taken seven states as part of a commanding super tuesday showing. Ted cruz won texas as well as oklahoma. Hillary clinton defeated Bernie Sanders by wide margins in democratic primaries to give her and all but insurmountable lead. Moodys has cut its outlook for chinas Credit Rating to negative the cause of rising Government Debt and falling reserves. The agency sees state debt increa
Productivity is dead in the water. Dont be moving around in the markets. Bit e we talk order talk auto business at the motor show. All coming up on bloomberg best. Francine hello, i am francine lacqua. Best abloomberg weekly review of the most important Business Analysis from Bloomberg Television around the world. But stick on lets take a day by day look. This is a bold policy step from the bank of china. The big story is the Chinese Central Bank is cutting the reserve requirement, reducing the amount of capital that the banks need to hold in reserve. This is hot on the heels of one of the biggest months of new credit growth in china. Is that a story . Jonathan this is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near term, that will add , andedit growth in china of course that will help the economy grow, in the short term at least. And of course, it comes at a time when they ar
Exclusive insight from Alan Greenspan and ray dalio. You are probably going to lose. Francine and bloomberg at the motor show. All this, plus the weeks most revealing charts coming up on bloomberg best. Hello, i am francine lacqua. Alcome to bloomberg best, weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets take a daily b day by dayk starting at a bold policy step on monday from the people of china. The big story the Chinese Central Bank cutting the reserve requirement ratio by 17 , reducing the amount of capital that banks need to hold in reserve. This is hot on the heels of one of the biggest months of new credit growth in china. Is that a story here . Are completely correct. This is both a significant surprise and a significant move, especially when you consider the amount of liquidity they have already pumped into the system. In the near terms, it will add to credit growth in china, and economy growp the in t
Julie hyman has the latest on the markets. After the uplift we had to a major agger average, we are seeing a bit of a downdraft, that a huge one but if you look in the sectors on the move, financials in the green, but that is the only group. We have utilities declining the most as bond yields continue to go up. A pretty Diverse Group in terms of what is falling, but i did want to point out there were the worst performers in the s p 500 were those like monsanto. Brownforman cutting its forecast. Dollar tree, which was out with its earnings and actually rose following those numbers, but analysts are weighing in and saying they were not that great and downgraded to neutral. There is a little bit of company news moving things around. Mark of looking at are we looking at a poor day after a giant game . Gain . Julie we are still lower by about 70 points, but we have had this and norm is ounce from the lows of the year. One of the other charts we have been looking at if you take a look at the