Feb.21 -- South Africa’s National Treasury says the budget deficit will probably widen to its worst in a decade. Slowing growth, falling tax revenue and debt-laden state owned companies weigh on the public finances. Meanwhile, the government is injecting almost $5 billion over three years into the distressed utility Eskom to plug a hole in the balance sheet and free up cash for operations. Bloomberg’s Amogelang Mbatha reports on “Bloomberg Daybreak: Middle East.”
Feb.21 -- Cathay Pacific is seeing an end to a record two year run of losses with a 2018 profit forecast of $293M. The outlook confirms the airlines turnaround is finally delivering. Bloomberg’s Kyunghee Park reports on “Bloomberg Markets: Asia.”
Feb.20 -- Andre de Silva, head of global EM rates research at HSBC, discusses inflows into China’s bond market and his outlook for the sector. He speaks on “Bloomberg Markets: Asia.”
Feb.20 -- Deyi Tan, Asia economist at Morgan Stanley, discusses Asia’s export landscape, China’s economy and central bank monetary policy. She speaks on “Bloomberg Markets: Asia.”
Highlights of this day in history: Malcolm X assassinated; President Richard Nixon visits China; Televangelist Jimmy Swaggart makes a tearful confession; Steve Fossett is the first to fly across the Pacific Ocean in a balloon. (Feb. 21)
Olabinjo and Abimbola Osundairo were surrounded by about a half-dozen people in civilian clothing as they walked into the secure area of the Leighton Criminal Court Building.
Feb.20 -- Sam Le Cornu, co-founder and chief executive officer at Stonehorn Global Partners, discusses the rally in the Chinese markets and where he’s seeing opportunity. He speaks on “Bloomberg Markets: China Open.”