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☆ Mark Mobius says India's Adani group of companies has 'a lot of leverage'
▼ + stars: | 2023-09-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Mobius says India's Adani group of companies has 'a lot of leverage'The recent issues besetting India's Adani group of companies are "overblown," said Mark Mobius, founder of Mobius Capital Partners and an emerging markets investment specialist.

Persons: Mobius, Mark Mobius Organizations: Mobius Capital Partners

☆ China's emphasis will change from real estate to tech, says Mark Mobius
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's emphasis will change from real estate to tech, says Mark MobiusMark Mobius, Mobius Capital Partners founding partner, joins 'Squawk on the Street' to discuss Mobius' perspective on investing in China, which sectors have investing opportunities, and much more.

Persons: Mark Mobius Mark Organizations: Mobius Capital Partners Locations: China

☆ U.S. debt downgrade sinks global markets — but economists are not concerned
▼ + stars: | 2023-08-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Global stock markets tumbled on Wednesday after ratings agency Fitch downgraded the United States' long-term credit rating — but top economists say there is nothing to worry about. U.S. stock futures were sharply lower after the downgrade, pointing to a fall of almost 300 points for the Dow Jones Industrial Average at the Wednesday open on Wall Street. Current Treasury Secretary Janet Yellen described the downgrade as "outdated." Phillips said the downgrade "should have little direct impact on financial markets as it is unlikely there are major holders of Treasury securities who would be forced to sell based on the ratings change." Harvey noted that, ahead of the 2011 S&P downgrade, stocks were in correction territory, credit spreads were widening, rates were falling, and the global financial crisis "was still in the market's collective conscience" — whereas the conditions today are "almost the opposite."

Persons: Fitch, Larry Summers, Mohamed El, Erian, Summers, Janet Yellen, Goldman Sachs, Alec Phillips, Phillips, Wells, Chris Harvey, Harvey, Mark Mobius, they've, CNBC's Organizations: United, AAA, Dow Jones, U.S ., Allianz Chief, Treasury, Wells Fargo Securities Head, Equity, CNBC, ., Mobius Capital Partners Locations: United States, London, Asia, Pacific, Wells Fargo, U.S

☆ Mark Mobius says investors will diversify away from U.S. and into equities after Fitch downgrade
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMark Mobius says investors will diversify away from U.S. and into equities after Fitch downgradeMark Mobius, founding partner of Mobius Capital Partners, discusses Fitch Ratings downgrading the United States’ long-term foreign currency issuer default rating to AA+ from AAA.

Persons: Mobius, Mark Mobius Organizations: Fitch, Mobius Capital Partners, AAA Locations: U.S, States

☆ The one thing Elon Musk, Ray Dalio, Apple and Goldman Sachs agree on: India
▼ + stars: | 2023-07-30 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +5 min

The nation's booming tech scene, buoyant stock market, and youthful population are just some of the factors going for it. Billionaire investor Ray Dalio has said the country is ready for rapid growth, while Elon Musk has highlighted the prospect of Tesla building a factory there. Apple CEO Tim Cook has also voiced his optimism toward India, while Goldman Sachs predicts the South Asian economy to surpass the US in size by 2075. Goldman Sachs expects the South Asian nation's GDP to surge to $52.5 trillion by then, from $3.4 trillion at the end of 2022. His sanguineness toward India has seen Apple open its first two stores in the country earlier this year.

Persons: Ray Dalio, Elon Musk, Tim Cook, Goldman Sachs, Here's, Tesla, Musk, Narendra Modi, Modi, Dalio, Deng Xiaoping, Mark Mobius, Mobius, —, He's Organizations: Service, Billionaire, Apple, Wall, Elon, Twitter, Reuters, Bridgewater Associates, Bloomberg, Big Tech Locations: India, Wall, Silicon, China, Washington, Beijing

☆ Billionaire Mark Mobius says he's so bullish on emerging markets that all his money is outside the US
▼ + stars: | 2023-07-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Billionaire investor Mark Mobius confirmed all of his money is outside the US. That's because he's so bullish on emerging markets, he told CNBC. "I'm all international and emerging markets in particular," the Mobius Capital Partners founder said in an interview with CNBC on Thursday. Emerging markets could top the US in the global stock market starting in 2030, Goldman Sachs estimated. Meanwhile, the MSCI Emerging Markets exchange traded fund has risen 10% this year.

Persons: Mark Mobius, Mobius, Goldman Sachs Organizations: CNBC, Service, Privacy, Mobius Capital Partners, Companies, Shanghai HSBC Locations: Taiwan, South Korea, India, Wall, Silicon, Asia, China, Hong Kong, Korea, Shanghai

☆ Veteran investor Mark Mobius explains why he's only investing outside the U.S.
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVeteran investor Mark Mobius explains why he's only investing outside the U.S.Mark Mobius, veteran investor and founding partner of Mobius Capital Partners, joins 'Squawk Box' to discuss where he's investing his money these days, the appeal of international and emerging markets, and more.

Persons: Mark Mobius Organizations: U.S, Mobius Capital Partners

☆ China is telling anyone who'll listen it's open for business again – but its economy has a Xi Jinping problem
▼ + stars: | 2023-07-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

China is signaling to the rest of the world that it's open for business again. Both Elon Musk and Janet Yellen have made trips to Beijing recently. But less money is flowing into the country – with foreign investors likely alienated by Xi Jinping's authoritarianism. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Spooked investors responded by dumping Chinese stocks in a $6 trillion blowout, while the onshore Chinese yuan dropped against the US dollar.

Persons: Elon Musk, Janet Yellen, Xi, Li Qiang, John Kerry, Mark Mobius, he'd Organizations: Service, Privacy, China, Tesla, Communist Party, Bain, Co, Big Tech Locations: China, Beijing, Wall, Silicon, Tianjin, Shanghai, West

☆ After an 80% rally for bitcoin, market experts predict where it's going next in 2023
▼ + stars: | 2023-07-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Bitcoin made a stunning jump in the first half of 2023, hitting $30,000 again for the first time in months. Five market experts responded to CNBC questions via email, and three said they expect bitcoin to reach the $50,000 level by the end of 2023. That is a net annual reduction in selling of BTC 250,000 — a large number relative to bitcoin market turnover." "We previously predicted that this driver would add USD 10,000 to the bitcoin price," he added. Mobius said he expects bitcoin to climb to $40,000 by the end of 2023, citing investor "belief" in the digital coin.

Persons: Bitcoin, Carol Alexander, Geoff Kendrick, Kendrick, Antoni Trenchev, wouldn't, Mark Mobius, Tim Draper, Mobius, bitcoin, Draper didn't, —, Kevin Schmidt Organizations: BlackRock, CNBC Pro, CNBC, Sussex University, SEC, British, Chartered, Standard Chartered, BTC, Federal Reserve, Mobius Capital Partners, Draper Associates, Trust, Fidelity, U.S . Securities, Exchange Commission Locations: Terra, Binance

☆ India's gearing up to be the new China, but even Elon Musk is finding it hard to crack into the market. Here are 5 reasons why.
▼ + stars: | 2023-06-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

India has overtaken China as the world's most populous country, and it's pushing for foreign investments. But foreign investors keen to enter the Indian market face various barriers to entry. Earlier this year, India overtook China as the world's most populous country. Among investors keen on investing in India are Tesla and SpaceX CEO Elon Musk, and tech giant Apple. But given the huge Indian market, Tesla isn't giving up.

Persons: —, Narendra Modi's, Elon Musk, Mark Mobius, Modi —, Modi, Musk, Ashutosh Sharma, Forrester, That's, Sharma, India's, Mukesh Ambani Organizations: Service, India, Indian, Tesla, SpaceX, US International Trade Administration, ITA, Bank, World Bank, US, Reliance Industries SpaceX, Reliance, Reuters, Ambani's Locations: India, China

☆ Billionaire Ray Dalio hails India as the next big investing opportunity, saying its economy is on the verge of a China-style rapid surge
▼ + stars: | 2023-06-23 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Ray Dalio praised India's economic potential Thursday after meeting with the country's prime minister Narendra Modi. The Asian country is "at the brink of the fastest growth rates and biggest transformations in the world," the billionaire investor said. Tesla CEO Elon Musk also met Modi this week, pledging to ramp up the EV maker's presence in India. Legendary investor Mark Mobius also said he was bullish on investing in India – which logged strong GDP growth of 7.2% last year – this week. Read more: Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India

Persons: Ray Dalio, Narendra Modi, Elon Musk, Modi, —, Dalio, Deng Xiaoping, Mark Mobius, Mobius Organizations: Service, Bridgewater Associates, Twitter, Mobius Capital Partners, Bloomberg Locations: India, Washington, Beijing, China

☆ Legendary emerging markets investor Mark Mobius — who's known for his bullish views on China — is now setting his sights on India
▼ + stars: | 2023-06-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Legendary emerging markets investor Mark Mobius is bullish on India. He told Bloomberg that India — whose GDP growth hit 7.2% in the last year — is the "real future." "To me, India is the real future," Mobius, the cofounder of Mobius Capital Partners, told Bloomberg on Tuesday. Mobius told the news outlet he wasn't put off by a short-seller report targeting the Adani conglomerate earlier this year. "I was at the Expo in Dubai and one of the boy bands was entertaining and it's an Arab audience and they all knew the words," Mobius told Bloomberg.

Persons: Mark Mobius, He's, —, China, Mobius, wasn't, he's wasn't Organizations: Bloomberg, India, Service, Mobius Capital Partners, Fox Business, HSBC, South China Morning Post Locations: India, Korea, China, Taiwan, Beijing, Shanghai, Dubai

☆ Chinese investors will be back once the country's property and debt problems are resolved, Mark Mobius says
▼ + stars: | 2023-06-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Chinese investor participation will revitalize the country's market, Mark Mobius said. "Going forward, it'll be the Chinese investors who will revive the Chinese market, because at the end of the day, it's not foreign investors who drive the Chinese market. It's the Chinese investors," the Mobius Capital Partners co-founder said. As the economy has disappointed, even investors in China are bailing on Chinese markets and shifting their money overseas. Because remember, the Chinese look at property as an investment — as a very key investment, a much bigger thing than in other parts of the world," Mobius said.

Persons: Mark Mobius, —, it'll, it's, Mobius Organizations: Bloomberg, Service, Mobius Capital Partners Locations: China, Beijing

☆ Here's where Mark Mobius is looking to invest outside the U.S.
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's where Mark Mobius is looking to invest outside the U.S.Mark Mobius, founder of Mobius Capital Partners, discusses which emerging markets look most appealing. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

☆ Buffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark Mobius
▼ + stars: | 2023-04-11 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBuffett's Japanese stock purchases could indicate a bigger plan, says Mobius Capital's Mark MobiusMark Mobius, founding partner at Mobius Capital Partners, joins 'The Exchange' to discuss Warren Buffett increasing his stake in five Japaneses companies, and finding value overseas.

☆ There's no question the Fed will continue raising interest rates, Mark Mobius says
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no question the Fed will continue raising interest rates, Mark Mobius saysMark Mobius of Mobius Capital Partners says U.S. money supply has gone down, but not much.

☆ Fed's Kashkari says stress in banking sector brings the U.S. closer to recession
▼ + stars: | 2023-03-27 | by ( Jihye Lee | ) www.cnbc.com time to read: +3 min

"What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. And then that credit crunch, just as you said, would then slow down the economy," Minneapolis Fed President Neel Kashkari said in an interview with CBS' Face The Nation. "What's unclear for us is how much of these banking stresses are leading to a widespread credit crunch. And then that credit crunch, just as you said, would then slow down the economy," he said. "But right now, it's unclear how much of an imprint these banking stresses are going to have on the economy.

☆ The Fed hiked rates further but Wall Street is already pointing to tighter conditions on the ground
▼ + stars: | 2023-03-23 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

Between fighting inflation or the bank crisis, the Federal Reserve leaned toward the former. Wednesday's move comes despite the bank crisis, which previously led investors to price in a series of Fed rate cuts starting this summer. Indeed, Wall Street has started pointing to the facts on the ground when it comes to financial conditions. The banks are still tightening credit conditions and … non-bank lenders are as well," he told Bloomberg TV hours before the Fed meeting. Billionaire investor Mark Mobius says he is "very, very skeptical" of investing in bank stocks.

☆ Mark Mobius says he is 'very, very skeptical' of investing in bank stocks but keeps his cash in an account in Dubai
▼ + stars: | 2023-03-22 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Mark Mobius generally avoids buying bank stocks, saying their operations are too opaque. Mobius said he has an account in a Dubai bank, and recommended that depositors diversify. "I'm very, very skeptical of banks generally, even the petrobanks, because they're so opaque," he said. Despite his concerns about buying bank stocks, Mobius still feels safe putting his cash in banks, noting that he has an account in Dubai. "If the Fed keeps on raising rates, you're going to have a lot of banks in trouble," Mobius said.

☆ If the Fed keeps raising rates, you're going to have a lot of banks in trouble: Mark Mobius
▼ + stars: | 2023-03-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf the Fed keeps raising rates, you're going to have a lot of banks in trouble: Mark MobiusMark Mobius, Mobius Capital founding partner, joins 'Squawk Box' to discuss Mobius' chief concerns with the global economy, what could happen if the Federal Reserve raises rates and where Mobius is moving his money.

☆ Mark Mobius says most of his investments are in Taiwan after complaining he can't get his money out of China
▼ + stars: | 2023-03-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Mark Mobius is betting big on Taiwan, after warning against putting money into China. "Taiwan is now our largest allocation," the billionaire investor told Bloomberg TV. Mobius' focus on Taiwan is spurred by his bullish outlook on the semiconductor industry. Of course, it's Taiwan, a province of China," Mobius said. "The tech industry is number one for us, particularly anything related to semiconductors," Mobius told Bloomberg TV, describing chips as the top category in his portfolio.

☆ HSBC China says it's unaware of remittance curbs after Mobius' claims
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

HSBC China made the statement in response to Reuters' questions regarding Mark Mobius' claims that he could not remit his money out of China from his account with HSBC in Shanghai due to China's capital controls. Mobius, founder of Mobius Capital Partners, told FOX Business last week that he faced all kinds of barriers in the process, including requirements to show records from 20 years of how he made the money. HSBC China declined to comment on individual client circumstances but said: "As common practices in many countries commercial banks conduct businesses under operational procedures and control requirements for processing transactions appropriately." The Chinese forex regulator added it will urge commercial banks to optimise cross-border financial services and improve quality of service. Reporting by Shanghai newsroom; Editing by Christopher Cushing and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ China says policies for cross-border withdrawals have not changed
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina says policies for cross-border withdrawals have not changedChinese regulator, the State Administration on Foreign Exchange, says rules on withdrawing money from China have not changed. The comments come after billionaire investor Mark Mobius said Beijing was "restricting the flow of money out of the country." CNBC's Evelyn Cheng reports.

Chinese authorities have denied claims by billionaire investor Mark Mobius, who said he is unable to wire funds out of China due to government restrictions on capital flow. Asked in an interview with Fox Business last week about whether he's reduced his exposure to China, Mobius said, "the government is restricting the flow of money out of the country." He warned investors of "all kinds of barriers" imposed by the government. "I'm personally affected because I have an account with HSBC in Shanghai," he told Fox Business. They did not name HSBC .

☆ Growth in China is no longer a priority: China Beige Book CEO
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth in China is no longer a priority: China Beige Book CEOLeland Miller, China Beige Book CEO, joins CNBC's 'Squawk Box' to discuss billionaire investor Mark Mobius' recent comments on investment in China, whether China is focused on things other than growth, and more.

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