Markets

• Bloomberg Daybreak: Australia 05/09/2024

  Paul Allen in Sydney and Annabelle Droulers in Hong Kong drive to the Asia, Australia and New Zealand market opens while wrapping the biggest stories of the previous day on Wall Street. (Source: Bloomberg)

• Australia Backs $47 Billion Gas Sector’s Role in Transition

  Australia is calling for the development of new natural gas resources to ensure it remains affordable and the nation continues as a major exporter, the latest shift by the center-left Labor government toward greater support for the fossil fuel.

• Country Garden to Miss Deadline on Guaranteed Bonds in First

  Chinese developer Country Garden Holdings Co. said it cannot make an interest payment on a local bond guaranteed by a state-backed program, marking the first time that an initial deadline on such developer debt has been missed.

• Hong Kong Exchanges CEO Chan on Strategy, IPOs, Saudi Arabia MOU

  Hong Kong Exchanges & Clearing Ltd. Chief Executive Officer Bonnie Chan discusses the bourse's strategy and its prospects, the pipeline for initial public offerings, and the memorandum of understanding it signed with the Saudi Tadawul Group last year. Chan, who took over from Nicolas Aguzin in March, speaks on the sidelines of Saudi Capital Markets Forum in Hong Kong. on "Bloomberg: The China Show." (There was a technical issue around 10:48 from the start) (Source: Bloomberg)

• Major Chinese City Scraps Housing Curbs as Loosening Gains Steam

  Hangzhou, a major city in eastern China, removed all of its remaining homebuying curbs, the latest example of a local government pursuing aggressive easing to end the property crisis.