Sotheby's Sells for $2.7 Billion

Sotheby's Sells for $2.7 Billion

Telecom titan Patrick Drahi bought Sotheby's, taking it private after more than three decades as a public company. Bloomberg's Katya Kazakina reports on 'Bloomberg Markets: The Close.'
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China Said to Merge Pipeline Operations Into One State-Owned Company

China Said to Merge Pipeline Operations Into One State-Owned Company

Elaine Wu, head of Asia ex-Japan power utilities equity research at JPMorgan, discusses China's plan to spin off tens of thousands of miles of pipelines held by 3 state-owned oil and gas giants and merge them into one new company.
Malaysia Said to Privately Discuss $2B-$3B Goldman Penalty Over 1MDB

Malaysia Said to Privately Discuss $2B-$3B Goldman Penalty Over 1MDB

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Eisai Set to Rise on Hopes for Alzheimer's Drug

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Eisai Co. shares are expected to rise after the Japanese drugmaker and partner Biogen Inc. said they will ask U.S. regulators to approve their nearly abandoned experimental treatment for Alzheimer's.
Hong Kong Fashion Store Operator Says Situation Is 'Really Bad'

Hong Kong Fashion Store Operator Says Situation Is 'Really Bad'

Douglas Young, co-founder and chief executive officer of Goods of Desire, or G.O.D., a lifestyle and fashion store-chain operator in Hong Kong, discusses how the protests are affecting his business. Financial Secretary Paul Chan unveiled a range o...
Crisis at India Shadow Banks is Worsening

Crisis at India Shadow Banks is Worsening

A health check on India's shadow banks shows the crisis in the industry is far from over. Indicators from liquidity to share performance show weakness, according to data compiled by Bloomberg as of Sept. 30.
Which Are China's 'Best-Performing' Cities?

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Perry Wong, managing director of research at the Milken Institute, talks about China's "best-performing" cities. Chengdu has topped the list for 2019. Last year Shenzhen took the number-one spot.
JPMorgan AM's Michele Says Look for High-Quality Duration

JPMorgan AM's Michele Says Look for High-Quality Duration

Bob Michele, chief investment officer and head of global fixed income, currencies and commodities at JPMorgan Asset Management, shares his strategy.
China Drawing Up Plan to Replace Hong Kong's Lam, FT Says

China Drawing Up Plan to Replace Hong Kong's Lam, FT Says

The Chinese government is drafting a plan to replace Hong Kong's Carrie Lam with an "interim" chief executive, the Financial Times reported. Meanwhile, Financial Secretary Paul Chan unveiled a range of relief measures worth about HK$2 billion ($25...
U.K. Is Investable Again, Says Citi Private Bank's Peng

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Ken Peng, Asia Pacific investment strategist at Citi Private Bank, discusses the next steps in the Brexit process and his outlook for the pound and for markets.
Fund Manager Uses FBI Interview Tricks

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HK Murder Suspect Chan Says Willing to Return to Taiwan for Trial

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Chan Tong-Kai, the suspect in the homicide case that started the Hong Kong Extradition Bill controversy, has been released from prison in Hong Kong. He says he may travel to Taiwan and face the legal process.
Boeing's Jetliner Chief Steps Down

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Boeing Co. said Kevin McAllister is stepping down as head of its jetliner division after less than three years amid a crisis engulfing the 737 Max and production snarls with other planes. Meanwhile, S&P Global Ratings lowered the outlook on Boeing...
Pound May Fall $1.15 if Hard Brexit: JPMorgan AM's Michele

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Trump Floats Mulvaney Replacements

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Donald Trump has for weeks been privately testing the idea of replacing his chief of staff, Mick Mulvaney, who's swiftly fallen out of favor with some of the president's allies after high-profile stumbles handling the House impeachment inquiry.
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The top U.S. envoy to Ukraine testified that a senior diplomat told him in early September that President Donald Trump made U.S. security aid to Ukraine entirely dependent on a public promise to investigate former Vice President Joe Biden and the ...
Pimco's Fels on Global Economy, U.S.-China Trade War, Fed Policy

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Turkey, Russia Strike Syria Deal

Turkey, Russia Strike Syria Deal

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Pimco's Fels: Pound Likely to Strengthen Further Under Heightened Volatility

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MPs Voted Against Fast-Track Timetable for Withdrawal Agreement Bill

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Google Cuts Back on Free Storage While Prodding Users Toward Paid Cloud Subscription

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