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Bloomberg· 2026-08-20 19:30
Woody Johnson, the owner of the New York Jets, agreed to buy a minority stake in the Aston Martin Formula One team, the latest deal for billionaire Lawrence Stroll’s racing outfit https://t.co/5iG9Gi6ruW ...
Trump Says US Has ‘Come to a Deal With Canada’
Bloomberg Television· 2026-08-20 14:26
Mr. . President, today's about American production. Can you give us any update on your negotiations with Canada for a trade deal.>> Yeah, we had a very good conversation with the prime minister last night and we've come to a deal with Canada. As you know, the 50% tariffs across the board were going on against Canada today and they called yesterday and they uh gave us the point that we had to have very fair deal for both. Uh the uh tariffs will be non-existent for our farmers.Is the US going to lower tariffs ...
Asia Investors Sour on India Despite Inflows | Insight with Haslinda Amin 8/20/2026
Bloomberg Television· 2026-08-20 06:34
Market reaction suggests that this is an important tactical move, uh, from the Treasury, uh, a little bit unexpected. So you're probably getting an outsized reaction, uh, right now. Uh, but I don't think it changes the fundamentals.Uh, big fiscal deficits. Uh, the fed on the sidelines, the U.S. Treasury has, you know, 2 billion worth of funding to do per annum at it. At its current pace, it needs to roll over about 2 billion of debt every every month, actually 6 billion every quarter.So, you know, you're ju ...
Treasury Doubles Debt Buybacks, Trump Declares Economic Warfare on Iran | The Asia Trade 8/20/2026
Bloomberg Television· 2026-08-20 05:14
Macro & Monetary Policy - U.S. Treasury announced plans to double bond buybacks for 10-year and 30-year notes, causing 30-year yields to fall by 10 basis points[1][3][51] - U.S. public debt reached $40 trillion, with ongoing concerns over fiscal deficits and inflation[3][11][105] - U.S. and Canada reached a tentative trade deal reducing auto tariffs on certain exports to 15% and steel/aluminum to 25%[43][44] - President Trump announced unprecedented economic operations against Iran, while crude oil continued to move through the Strait of Hormuz via southern routes[26][49][71] Corporate Performance & Market Trends - SK Hynix announced a $29 billion share buyback plan to stabilize its stock price, alongside reports of raising advanced chip-making prices by 10% to 15%[1][130][134] - AIA reported a 13% growth in the value of new business to $3.2 billion, with operating profit after tax per share growing 13% and return on equity (ROE) reaching 17.5%[53][54] - Alibaba's cloud business revenue growth and AI spending came into focus ahead of first-quarter results, with free cash flow expected to see 17 billion yuan in negative territory[27][29] - Hong Kong Exchanges and Clearing delivered a record half-yearly net profit with year-to-date average daily turnover exceeding 280 billion Hong Kong dollars[31][33][34] - Northern Star Resources reported a net income of $0.66 billion, while Evolution Mining reported a full-year profit of 0.5 billion Australian dollars, up 59% year-over-year[4][75]