logo
Bloomberg: The Asia Trade 05/19/2025

Bloomberg: The Asia Trade 05/19/2025

Bloomberg19-05-2025

The Asia Trade
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Hong Kong and Singapore with Yvonne Man and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump blasts Rand Paul as ‘crazy' for resisting tax-cut bill over debt limit
Trump blasts Rand Paul as ‘crazy' for resisting tax-cut bill over debt limit

Yahoo

time24 minutes ago

  • Yahoo

Trump blasts Rand Paul as ‘crazy' for resisting tax-cut bill over debt limit

(Bloomberg) — President Donald Trump attacked fiscal conservative Rand Paul as 'crazy' Tuesday morning as he pressed reluctant Republican senators to move forward swiftly with his massive tax and spending package. Where the Wild Children's Museums Are Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry The Economic Benefits of Paying Workers to Move At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending The Kentucky senator earlier said on CNBC that he wouldn't vote for the president's signature legislation because it would increase the legal US debt limit. 'I'm just not for that. That's not conservative,' said Paul, who also has argued the tax measure would add too much to the national debt. Trump quickly responded with a series of social media posts, saying the senator 'never has any practical or constructive ideas. His ideas are actually crazy (losers!)' While most outside economists have forecast the House version of the legislation would add trillions of dollars to the US debt over 10 years, the White House has claimed that the tax bill would pay for itself in part through economic growth. Trump and Republican leaders have said they have no choice but to add the debt ceiling to the tax bill in order to ensure smooth passage and avoid a payment default as soon as August. Paul posted a response to Trump, saying he favors the tax cuts but 'I also want to see the $5 trillion in new debt removed from the bill,' adding at least three other Republican senators agreed with him, enough to block the legislation. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To Will Small Business Owners Knock Down Trump's Mighty Tariffs? ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump

Bloomberg

time43 minutes ago

  • Bloomberg

Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump

South Korean automakers Hyundai Motor Co. and Kia Corp. sold about 136 million shares in Ola Electric Mobility Ltd. on Tuesday, just days after the Indian e-scooter firm posted quarterly losses that had more than doubled. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share, according to bulk deals data from the NSE website. Citigroup Global Markets Mauritius Pvt. bought 86.15 million shares, the data show.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store