Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
And abroad. One man sees warning signs. This is Bloomberg Markets middle east. I am in dubai. Shery im in hong kong. A off seeing a bit of optimist town in asia. We have asia oil continuing to gain. We have positive data out of japan. The gmm go function on the bloomberg. Many markets are in the green. Look at the hang seng index up. 4 . It is pausing three days of declines. Japanese nikkei is also up. Topics is also up. We are also seeing the kiwi dollar gain half a percent. We have inflation data reaching the Central Banks targets for the first time in more than five years. Wti up. 6 . Sovereign debt markets are in the red. Note, thed fiveyear yield is up 3. 5 basis points. This part of the world we are under two hours away from the opening of the emirates market. Here is the pulse of the equity action. We pulled this, up for you on one of our favorite functions. Emf function. Is really popular and breaks it down nicely. Real estate is up. 7 . You have some Consumer Staples doing wel
Economy is weak and vulnerable. Angie welcome to Bloomberg Markets middle east. We are seeing yen weakness drive the market, but it was the janet yellen comments that impacted not only u. S. Markets, but we are seeing that in asian stocks today. That is what is playing out here in asia, what is playing out in your neck of the woods . Yousef we are keeping a close eye on what is happening in audi rate yet as they prepare for the First International bond sale. What caught my attention this morning is what is happening with of the liquidity situation in the kingdom. Take a look at this chart. Youre looking at a three month side for. This is how much they charge each other for lending. We also added the type or and ibor and inner sa bank rates. Theyve already invested an estimated 5. 3 billion. Your sing deposit ratios up to 90. 8 does 90. 8 since august. How much more does the countrys central bank need to do to relax some of those nerves . That is what we will be looking at throughout th
Issue basically in france right now, 11 unemployment. Japan suffers the first negative effect of the sales tax hike in april. Retail sales in the country fell at their fastest pace in three years. Youre watching worldwide exchange. Bringing you Business News from around the globe. A warm welcome again to todays edition of worldwide exchange. Lets get to one of our top stories straight away. Apple is buying beats electronics for 3 billion to boost its music business. Streaming services encroach on itunes. Apple doesnt only gets beats streaming service and its market leading highend head phones but high profile talent. Beats cofounder jimmy ivin and dr. Dre, too. Now, apple expects the deal to close in its fiscal Fourth Quarter. Tim cook tweeted this photo, saying, sharing a laugh with jimmy and dre. Interestingly for apple here, what do you think of it . I think its an interesting move. Because over the sort of past 20 years apple has been very much seen as a product innovator. And this
Racking up losses in lagos based company is also reportedly set for an i. P. O. Of the New York Stock Exchange in the coming weeks as key investor rocket internets off the lid and is seeking to cash in on shares worth up to two hundred fifty Million Dollars rocket however is not commenting. So lets get some comments instead from our studio guest and that is moses aka the founder and c. E. O. Of afro lincoln thats an african entrepreneurial conference based here in berlin first of all its great to have you here with us but you make all for that statement that africa is on the verge of an ecommerce boom i think that that is actually an interesting statement and such a good one because definitely if you look at the starts is enough. There has been a lot of luck of infrastructure but the access to internet has now made possible for businesses like jamia to be able to really skillful i mean like you said that they are still kind of making losses but i would say that theres a lot of integrat