Funding & Business
Bond Investors to Focus on Fed Policy Path and Powell’s Tone
Bond investors will be focused on this week’s Federal Reserve meeting, where policymakers are expected to deliver a quarter-point rate cut.
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Hesai Group, the world’s largest maker of lidar sensors used in cars, soared in its trading debut in Hong Kong. The company’s co-founder and CEO, David Li, says the company is also eyeing leadership in the robotics segment. He speaks with Stephen Engle on “Bloomberg: The China Show.” (Source: Bloomberg)
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Shareholders of PhilTower are considering selling the company, one of the biggest telecommunications tower firms in the Philippines, and seeking a valuation of at least $1 billion, people familiar with the matter said.
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PT Merdeka Gold Resources is planning to raise 4.66 trillion rupiah ($284 million) from what would be Indonesia’s largest initial public offering this year.
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