Europe’s benchmark government bond, the 10-year German Bund, had a zero yield firmly in its sights on Friday as worries about a potential British exit from the EU and weakened U.S. rate hike expectations extended the week’s global bond rally. Investors sought refuge in safe-haven assets amid festering concerns over the June 23 Brexit referendum, […]
Mario Draghi may have bought himself a brief respite from the threat of deflation. The cost? More than a quarter of a trillion dollars. On Thursday, the European Central Bank president should be able to deliver his first snippet of good news for a year on his mandate. Most economists in Bloomberg’s monthly survey predict […]
The $2.9 trillion hedge-fund industry may lose about a quarter of its assets in the next year as performance slumps, said Tony James, Blackstone Group LP’s billionaire president. “It’s kind of a day of reckoning that we face here,” James said Wednesday in an interview with Bloomberg TV Canada’s Pamela Ritchie at a conference in […]
Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels. “Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to […]
When finance chiefs and central bankers from the Group of Seven countries gather this week at a hot springs resort in northern Japan, the official agenda has them focusing on ways to revitalize global growth and crack down on cross-border tax evasion. Left off the discussion list is one of the most pressing concerns for […]
Two years ago, Zach Schreiber correctly predicted the epic oil crash. Now he’s warning of a looming financial disaster in Saudi Arabia. When Schreiber speaks, people sit up and pay attention. His 2014 prophesy reportedly led to a $1 billion profit for his firm. “If you’re long, I’m sorry for you,” the CEO of hedge […]
The fever that’s gripped Chinese commodity markets is easing. Speculators who traded 1.7 trillion yuan ($261 billion) futures in a single day last month have retreated as fast as they advanced. Trading volumes across the nation’s three biggest exchanges are more than half of what they were at their peak on April 22 and back […]
U.S. Federal Reserve policymakers are expected to hold interest rates steady when they meet this week, but may tweak their description of the economic outlook to reflect more benign conditions, leaving the path open for future rate rises. The Fed raised its policy interest rate last December for the first time in a decade when […]
That might sound like a Bernie Sanders sound bite, but it’s actually from a speech that the Federal Reserve Bank of Minneapolis president gave Monday. Nearly eight years after the financial crisis shocked the global economy and caused a massive recession, the consensus view is that big Wall Street banks are a lot safer now. […]
European stocks declined as investors assessed earnings reports and valuations after the Stoxx 600 Europe Index capped its longest winning streak since March. Auto-related shares fell the most on the Stoxx 600, with Volkswagen AG slipping 1.1 percent after data from the European Automobile Manufacturers’ Association showedits share of the European market contracted to a […]