Funding & Business
Fed Expected to Resume Cuts in September, Citigroup's Chua Says
Johanna Chua of Citigroup Global Markets says the view that the US Federal Reserve will resume cutting rates in September remains in place. “Even though there is some price pressure on goods, it’s not enough, I think, to change the trajectory of the Fed,” she tells Bloomberg Television.
(Source: Bloomberg)
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Hang Seng Bank Ltd. is seeking to sell a property-backed loan portfolio worth at least $1 billion, according to people familiar with the matter, as it looks to unload bad debt that’s piled up during the city’s commercial real estate slump.
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Qatar’s $524 billion sovereign wealth fund is nearing a deal to buy a minority stake in Canada’s Ivanhoe Mines Ltd., according to people familiar with the matter.
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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