annabelle droulers in hong kong.urning to another central bank and another policy decision, the boj has left monetary stimulus alled for and c re-examination at its october meeting, raise it -- raising expectations of further easing next month. paul brain, head of fixed income cat newton investment is still with us. what do you make of the boj decision? is it more of the same? paul: it is more of the same. the bank of japan has limited firepower so why would they use it now when for japan got a lot has changed. the things to watch are the effects of the trade war, the effects of the global slowdown in trade for 12 months now which really affects japan. room to do more on interest rates but what they've done so far they think is working for the domestic economy, keeping rates close to zero but across the curve is the right strategy, they think. they are doing enough in terms of providing liquidity. there is not much more they can do. there is no need to tweak the front end of the curve. dollar-yenyou short given what

with annabelle droulers in hong kong. >> u.s.ave discussed offering tr china and interim trade deal. it would delay and even rollback some u.s. tariffs in exchange for chinese commitments on intellectual property and agricultural purchases. president trump said he would be open to it but would prefer a lasting agreement. president trump: it is something people talk about. i would rather get the whole deal done. we have taken in many many millions of dollars of tariffs. i would rather get the ente chinese deal done. if we are going to do the deal, let's get it done. >> the u.s.-china relationship was the focus during last night's democratic debate. joe biden invoked the legacy of obama as he challenged the left-leaning policies of bernie sanders and elizabeth warren. he said if washington did not act, beijing would end up making the rules. >> the problem is not the trade deficit, the problem is they are stealing our intellectual property. the problem is they are violating the wto. they are dumping steel on us. that is a different

over to annabelle droulers in hong kong for the bloomberg business flash. nabelle: deutsche bank is close to a deal with bmp to transfer its prime brokerage business to the french lender. the transaction may be announced today though the facts of the deal are not clear. a hedge fund, cash and securities. they declined to comment. ceo.ing down as after a much-anticipated ipo. softbank also behind the move. a board meeting could come as early as this week. representatives of both companies declining to comment. is working onco an ipo including barclays, bmp and deutsche bank. as manyventually take as 15 in total. officials from the banks will fly to saudi arabia for talks. and that is your bloomberg business flash. matt: annabelle droulers with your bloomberg business flash. the federal reserve and other central bank officials divided over the outlook for the , public comments are being scrutinized. investors are looking for a signals on the fed's effort to pull back money market rates and any hence on the path for policy said boston fed president on friday th

annabelle droulers in hong kong.ley's ceo james gorman is sounding a note of caution on more rate cuts by the fed. he warns against putting -- foring "too easily" supports the reductions so far. >> i supported the latest fed rate cut and suspect they will do one or two more, but then it pause to absorb this because cutting is one of the few tools you've got. if you give it away too easily, what if we have a real problem? annabelle: saudi aramco is said to have picked banks for top roles on its planned ipo. bloomberg learned aramco is considering selling a 1% stake on the saudi stock exchange before pursuing an overseas listing. the big ipo decision will ultimately be made by shareholders themselves. the leader of northern islands democratic unionist party said boris johnson has confirmed his rejection of a northern ireland only backstop. a group of mps suggested the change as one way to move brexit talks forward. meanwhile, bank of england governor mark carney says sterling's volatility is currently at emerging-marke

annabelle droulers has it in hong kong. china and the u.s. holding the next round of trade talks in early october. that's according to china's commerce ministry. the u.s. treasury confirmed ministerial level talks in the next few weeks but did not specify when. the two sides are trying to end their nearly too long -- two year long trade war. hong kong chief executive carrie lam says withdrawing the extradition bill is only the first step to address the unrest in the city. she also says the decision was made independently by the hong kong government. protesters have largely dismissed the withdrawal as too little, too late. they plan to continue demonstrations. the central people's government took the position that they understood why we have to do it. they respected my view and they supported me all the way, so whether it is in the early stages of processing the bill and then suspension of the bill, then withdrawing the bill yesterday, this is the same position. hurricaneake -- dorian is making its way up the east coast -- u.s. east coast afte

nejra: annabelle droulers in hong kong, thank you so much.nk downgrades its revenue outlook as the bank confirms a strategy rebound that has underwhelmed investors. we speak to the cfo, stephan engels. don't miss that interview at 8:00 a.m. london time. when you're going to work, tune into bloomberg radio. this is bloomberg. ♪ ♪ 7:18 a.m. in london, 41 minutes away from the start of cash equity trading in europe. let's get the bloomberg business flash. here's annabelle droulers in hong kong. is cutting costs as it refocuses on its core business. it is selling the former chief executives private chess. the company has postponed its ipo amid concerns over its evaluation. they are also selling three side businesses. it may also turn to job cuts that could number in the thousands. peloton is slumping on its debut yesterday. it is the latest in a long line of text based startups to flop on its first day of trading. while the fitness company raised over $1.1 billion in its ipo in the company's chief executive semains positive about peloton' future.

for that, we go to annabelle droulers in hong kong. lle: iran warned a strike against the country could lead to "all-out war," according to the nation's foreign minister speaking to cnn. he denied tehran's involvement in attacks against saudi aramco, saying he hoped to avoid a conflict but adding iran is serious about defending itself. in japan, inflation hit the lowest level in two years as the central bank adds to speculation it may up stimulus as early as next month. core consumer prices rose 0.5% in august from a year earlier. the key inflation gauge hasn't risen above 1% in years, and is expected to remain subdued. benjamin netanyahu's time as israeli prime minister might be coming to an end. a former ally of the embattled leader told local media he plans to recommend rival benny gantz as next premier, following a election rerun that failed to break the political deadlock. for president trump, it might mean he is about to lose one of his closest foreign allies. controversy over president trump's communications with a foreign leader