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Speaker 1: News when you want it With Bloomberg News Now, I'm

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Speaker 1: Brian Curtis. In Hong Kong, an Egyptian soldier has been

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Speaker 1: killed during a clash with troops at a Gaza border crossing. Earlier,

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Speaker 1: at least forty five Palestinians were killed at a camp

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Speaker 1: for displaced people when Israel launched an air strike. The

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Speaker 1: attack drew international condemnation. Prime Minister Benjamin Netanyahu called it

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Speaker 1: a tragic mistake. China has set up a massive semiconductor

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Speaker 1: fund to boost its chip industry. Bloomberg's Eric lamb with

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Speaker 1: more from Hong Kong.

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Speaker 2: The fund amounts to more than forty seven billion dollars.

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Speaker 2: Online platform tian Yancha says contributions come from the central

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Speaker 2: governments and various state owned banks and enterprises. The aim

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Speaker 2: is to boost developments of the domestic chip industry in

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Speaker 2: the face of US curbs. The Biden administration has imposed

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Speaker 2: restrictions on China's ability to buy advanced chips and chipmaking equipments.

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Speaker 2: The US has also urged allies such as South Korea, Japan,

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Speaker 2: and the Netherlands to tighten their own restrictions as well.

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Speaker 2: In Hong Kong, I'm Eric Lamb Bloomberg Radio.

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Speaker 1: Chinese President Shi Jinping wants his regulators to have more teeth.

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Speaker 1: That story from Bloomberg's Juan Wong in Hong Kong.

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Speaker 3: President, she says financial regulators and local governments must take

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Speaker 3: greater responsibility for diffusing risks. He spoke at a Polar

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Speaker 3: Bureau meeting on Monday that was set up to review

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Speaker 3: new rules for accountability. Hinhuas As She told the body

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Speaker 3: that the new rules will strengthen the Communist Party's leadership

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Speaker 3: in the financial sector. The report did not provide any

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Speaker 3: details of the new rules, but the Polar Buro said

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Speaker 3: the overhaul will send a powerful signal for holding officials accountable.

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Speaker 3: In Hong Kong and Joanne Wang Bloomberg Radio.

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Speaker 1: And China has slammed the G seven for criticism of

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Speaker 1: its trade practices. Bloomberg's April Hong has more from Singapore.

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Speaker 4: China has hit back at the group, accusing it of

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Speaker 4: exaggerating the threat of overcapacity. Beijing's reaction follows a G

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Speaker 4: seven communicy that says China's use of non market policies

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Speaker 4: hurts its trading partners. Chinese spokesperson Mounting dismiss the claim

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Speaker 4: saying it's essentially protectionism. The spat is the latest display

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Speaker 4: of mounting tensions between China and other nations on trade.

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Speaker 4: In Singapore and Evil Hoong for Bloomberg.

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Speaker 1: Radio, a North Korean rocket carrying a spy satellite blew

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Speaker 1: up shortly after liftoff. Video footage showed the rocket breaking

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Speaker 1: up into fireball after its launch on Monday night. South

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Speaker 1: Korea's Joint Chiefs of Staff say that debris from the

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Speaker 1: rocket landed in the waters off the west coast of

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Speaker 1: North Korea. CASEYNA said the trouble was caused by problems

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Speaker 1: with a newly developed engine. This incident is seen as

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Speaker 1: a blow to North Korean leader Kim Jong UN's spy

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Speaker 1: satellite plans. Well, we're still months away from the next

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Speaker 1: global climate summit, but there's already talk about spreading the

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Speaker 1: wealth when it comes to clean energy investment. Bloomberg Nathan Hager.

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Speaker 5: Reports that question will goods get cheaper? Lower prices for cars,

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Speaker 5: clothes and other things you can hold in your hand

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Speaker 5: dropped faster than unexpected last year, but that's slowed down now,

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Speaker 5: and policymakers are divided on where things go from here.

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Speaker 5: Fed Chair J. Powell says supply chains that gummed up

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Speaker 5: during the pandemic could see more improvement. Others aren't so convinced,

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Speaker 5: with war and other potential disruptions lingering in the background.

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Speaker 5: Nathan Hager Bloomberg Radio.

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Speaker 1: Well some impossible good news for those in finance. Diewah

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Speaker 1: Securities is in major hiring mode. The story from Bloomberg's

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Speaker 1: Denise Pellegrini.

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Speaker 6: Daiwa plans to hire dozens of bankers in the US

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Speaker 6: and Europe this year. This is Japan's second biggest brokerage.

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Speaker 6: It intends to recruit around thirty bankers, mostly in those

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Speaker 6: two regions during the year ending March. Banking giants from

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Speaker 6: Goldman Sachs to JP Morgan Chase have been shedding deal

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Speaker 6: making jobs to contain costs while waiting for a rebounded

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Speaker 6: merger activity. But Daiwa thinks the US and European merger

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Speaker 6: market has already bottomed out, and this gives Daiwa, it says,

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Speaker 6: an opportunity to add more staff in a bid to

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Speaker 6: join the world's top ten advisors for MidCap mergers and acquisitions,

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Speaker 6: defined as those worth five hundred billion dollars or less.

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Speaker 5: For the first time.

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Speaker 6: The japan firm has advised on fifty eight such transactions,

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Speaker 6: totaling nearly two and a half billion dollars so far

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Speaker 6: this year. That ranks its seventeenth according to Bloomberg. If

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Speaker 6: it keeps that position for the rest of this year,

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Speaker 6: it would mark the company's highest position in fourteen years.

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Speaker 6: Goldben Sachs is leading with fifty eight deals worth almost

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Speaker 6: eight billion dollars. Denise Pellgritty Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I'm Brian Curtis. This is Bloomberg