Asia Braces for Losses After U.S. Stocks Plunge: Markets Wrap
published Oct 10, 2018, 6:15:36 PM, by Adam Haigh (Bloomberg) — Traders were set for losses in Asian stocks after a rout in U.S. equities that deepened late in the day amid concerns the trade war is heating up as financial conditions tighten, dampening the outlook for profits. The yen
Bond Market Sell-Off Lacks a Key Ingredient: Robert Burgess
published Oct 9, 2018, 3:30:28 PM, by Robert Burgess (Bloomberg Opinion) — The U.S. Treasury market experienced a rare event on Tuesday, which is to say prices rose and yields fell. To put the action in context, consider that since the recent intraday low of 2.81 percent on Aug. 23,
Wall Street Faces More Tumult If China Labeled an FX Manipulator
published Oct 10, 2018, 5:41:00 PM, by Katherine Greifeld (Bloomberg) — Wall Street is bracing for the prospect that the U.S. uses this month’s semiannual foreign-exchange report to label China a currency manipulator, escalating the trade standoff between the two nations at a time when rising bond yields are already
Vatican, China Sign Landmark Pact, Step Toward Diplomatic Ties
published Sep 22, 2018, 8:22:38 AM, by John Follain and Dandan Li (Bloomberg) — The Vatican signed a landmark agreement with China on the appointment of bishops in the country, a step that may lead to restoring diplomatic relations after more than 60 years. The deal, which follows long negotiations
Trump Boosts High-Ethanol Gasoline as He Courts Iowa Farm Voters
published Oct 9, 2018, 7:33:41 PM, by Jennifer A. Dlouhy and Mario Parker (Bloomberg) — President Donald Trump moved on Tuesday to make it easier to sell more ethanol in vehicle fuel, delivering a victory to corn farmers and biofuel producers that could translate to long-term market gains. Trump said
Trump Apologizes to Kavanaugh and Declares Him `Proven Innocent’
published Oct 8, 2018 7:45:33 PM, by Toluse Olorunnipa and Greg Stohr (Bloomberg) — President Donald Trump apologized to Brett Kavanaugh for the bitter battle over his confirmation to the Supreme Court and declared him “innocent” of the sexual assault allegations that nearly derailed his nomination. “On behalf of our
An Early Warning Sign for the World’s Priciest Homes Is Flashing Sell
published Oct 5, 2018 3:46:15 AM, by Kana Nishizawa (Bloomberg) — A reliable leading indicator for the world’s least affordable housing market is sending a sell signal for the first time in three years. Losses in the Hang Seng Properties Index on Thursday left the gauge of Hong Kong real
Apple Tells Congress That Global Supply Chain Wasn’t Compromised
published Oct 8, 2018 7:00:05 PM, by Anna Edgerton (Bloomberg) — Apple Inc. told U.S. lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees,
U.S. Dollar Dependence Sets Markets for `Liquidity Crunch’
published Oct 7, 2018, 7:37:42 PM, by Christopher Anstey (Bloomberg) — The current run-up in U.S. Treasury yields and the dollar poses a major stress test for a global financial system that has become even more dependent on the American currency since the last credit conflagration. Mehul Daya and Neels
Strong Economy Brings Out Strong Partisanship: Ramesh Ponnuru
published Oct 5, 2018, 5:00:17 AM, by Ramesh Ponnuru (Bloomberg Opinion) — There are two partisan temptations to avoid when thinking about a strong economy: One is to assume it’s all your party’s doing; the other is to pretend it isn’t strong. Both sides are currently having difficulty resisting these