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Original title: Guming CFO on Business Strategy, China Consumers 00:00 Seeing. This is a sector that is being shaped by price, war, subsidy wars and some of these new consumption trends. What are you seeing among the foods in the regions, their pricing competition? How is that impacting sales volumes for your franchisees? Yeah. So initially, I think it really started in April that the second half of April, but then it really went into full blown kind of war in June and then last into July and August. I think, you know, this is something that we cannot control and they’re fighting for market share. Of course, we don’t want to see all this kind of irrational price wars because it drives people into online channels. And some people just say they don’t really need this product, so they probably won’t be able to afford that. But because of this exceptionally low price or even free for them to to take that. So a lot of irrational demand, I think in the long run it may not stay so. And then in terms of if you look at it from the franchisees perspective, a ...

Original title: Japan’s Long Bonds Join Global Slide as Politics Adds to Jitters Japan’s longer-maturity debt slumped, sending yields to multi-decade highs, following a global selloff in bonds and political uncertainty in the nation. Yields on 20-year government bonds rose to levels last seen in 1999 while those on the 30-year maturity jumped to the highest since debut. The moves in Japan come after European and US bonds dropped, with the 30-year Treasury yield climbing back toward 5%. ...

Original title: Japan Joins Global Bond Slide, Asian Stocks Fall: Markets Wrap Japanese bonds joined a slump in global debt as a rush of corporate-debt sales Bloomberg Terminal and concerns over developed-world budgets dragged down European fixed-income securities and Treasuries. Super-long bonds led losses in Japan, with 30-year yields rising eight basis points to 3.28%, while the yen extended its declines amid political uncertainty in the country. US 30-year bond yields held close to 5% after a spike on Tuesday that weighed on tech shares on Wall Street. Australian bonds also retreated while Asian stocks followed the US lower. The dollar rose for a second day. ...

Original title: Treasuries Join Global Bond Selloff With 30-Year Yield Near 5% Treasuries dropped, following a slump in longer-maturity European debt, with the US 30-year yield climbing toward 5% at the start of a month historically tough for long bonds. Longer-maturity yields climbed about three basis points Tuesday, trading off their session highs after ISM manufacturing data showed weakness in overall activity, employment and prices paid. Treasuries came under pressure again Wednesday, with the 30-year yield edging up one basis point to 4.98%. ...

Original title: Tyson Names Cole COO, Signals Further Leadership Changes Tyson Foods Inc. has appointed the head of its poultry business as chief operating officer, with the US meat giant signaling more management changes associated with its succession planning. Devin Cole , who is group president of poultry, will take over as COO, overseeing Tyson Foods’ chicken, beef, pork and prepared food operations, the company said in a statement Bloomberg Terminal . Tyson Foods didn’t have a COO since Donnie King , the latest executive to hold the position, became chief executive officer in 2021. ...

Original title: Asylum protests putting police under chronic pressure, chief says Asylum protests putting police under chronic pressure, chief says Police say there have been 3,081 protests between the start of June and 25 August, compared with 2,942 last summer and 928 in 2023. Senior officers are concerned about political and business leaders commenting on social media, sometimes spreading misinformation, though Mr Stephens didn’t give names. Chief Constable Gavin Stephens, chair of the National Police Chiefs’ Council, told the BBC people in leadership positions in the UK needed to think about how to “reduce and diffuse tension and not sow division”. Protests over the use of hotels for housing asylum seekers have put police forces under “chronic pressure” when combined with other duties this summer, a senior police chief has said. The number has been pushed up by campaigns against asylum hotels, sometimes attended by hundreds of protestors on both sides of the debate. Mr Stephens said it was everybody’s responsibility, including the police, to “set the tone”, but ...

Original title: Putin, Kim and Xi are meeting in China: BBC correspondents explain why Russia’s leader Vladimir Putin and North Korea’s Kim Jong Un are standing shoulder-to-shoulder with Chinese president Xi Jinping in Beijing at a military parade marking 80 years since the end of World War II on 3 September. It will be the first time these three leaders are meeting in public together. The BBC’s Laura Bicker in China, Steve Rosenberg in Moscow, and Jean Mackenzie in Seoul explain everything you need to know about the meeting, and why it matters. ...

Original title: Japanese Super-Long Bonds Fall After Treasuries: Markets Wrap Japanese bonds joined a slump in global debt as a rush of corporate-debt sales Bloomberg Terminal and concerns over developed-world budgets dragged down European fixed-income securities and Treasuries. Super-long bonds led losses in Japan, with 30-year yields rising eight basis points to 3.28%. US 30-year bond yields held close to 5% after a spike on Tuesday that weighed on tech shares on Wall Street. Australian bonds also retreated. Asian stocks followed the US lower. The dollar rose for a second day and gold extended a six-day rally to print a fresh all-time high. ...

Original title: China’s Chemicals Makers Reap Reward of Shift From Oil to Coal Falling coal prices are shifting the profitability of China’s chemicals sector, away from traditional oil-based producers to the growing number of plants that use the solid fuel as their feedstock. China’s biggest coal-to-chemicals producer, Ningxia Baofeng Energy Group Co., saw first-half profits surge 73%, while top miner China Shenhua Energy Co. reported a near 20-fold increase at its Inner Mongolia chemicals facility. Meanwhile, oil refining giant Sinopec lost 4.5 billion yuan ($630 million) at its chemicals unit over the first six months of the year, even worse than the 3.6 billion yuan it shed in the same period in 2024. ...

Original title: Goldman’s Top Asia Banker Says China Stock Rally Has Room to Run Goldman Sachs Group Inc.’s top Asia banker sounded an optimistic note on Chinese equities amid resurgent flows and said the firm is hiring in Hong Kong and India. “What we’re hearing from our clients and investors is sentiment has improved” around China’s stock market, said Kevin Sneader , the firm’s president of Asia-Pacific ex-Japan, in an interview with Bloomberg Television on Wednesday. “China still faces many challenges, but this rally in the equity markets has got some legs.” ...