Emerging-Market Assets Rally on Signs Britain to Remain in EU
published Jun 20th 2016, 3:45 pm, by Maria Levitov (Bloomberg) — Emerging-market assets rose for a second day on signs the campaign for the U.K. to stay in the European Union was gaining momentum. South Africa’s rand led a rally in developing currencies after a poll showed the campaign for
Oil Halts Advance Near $49 a Barrel Before U.S. Stockpile Data
published Jun 20th 2016, 7:13 pm, by Ben Sharples (Bloomberg) — Oil halted its advance near $49 a barrel before weekly U.S. government stockpile and production data. Futures slid as much as 0.6 percent in New York, trimming a 6.8 percent two-day gain. Inventories probably fell by 1.5 million barrels
China’s Stocks Head for Longest Winning Streak in Two Months
published Jun 20th 2016, 9:09 pm, by Bloomberg News (Bloomberg) — China’s stocks rose for a third day, sending the benchmark index toward its longest stretch of gains in more than two months. The Shanghai Composite Index advanced 1 percent, led by brokerages. Citic Securities Co. headed for its biggest
Gold Sinks as Brexit Poll Favoring ‘Remain’ Weakens Haven Appeal
published Jun 19th 2016, 8:24 pm, by Jasmine Ng (Bloomberg) — Gold tumbled as a poll showed a tilt in favor of Britain remaining in the European Union just days before a historic vote, hurting demand for haven investments. Bullion for immediate delivery fell as much as 1.1 percent to
U.S. Muslims Are Terrorism’s Collateral Victims: Albert R. Hunt
published Jun 19th 2016, 10:21 am, by Albert R. Hunt (Bloomberg View) — Americans are still grieving the tragic murder of 49 people in a gay night club in Orlando, Florida. The deranged assassin was a Muslim. The attack has sparked concern about a culture of terror sweeping the nation,
Oil Extends Gains in New York After Advancing Most in Two Months
published Jun 19th 2016, 5:41 pm, by James Paton (Bloomberg) — Oil extended gains after advancing the most in two months as a weaker dollar bolstered the appeal of commodities. Futures rose as much as 1.1 percent in New York after climbing 3.8 percent on Friday. A gauge of the
Top Court Backs Out of Deciding Obamacare Contraceptive Case
published May 16th 2016, 6:02 pm, by Greg Stohr (Bloomberg) — The U.S. Supreme Court backed out of a divisive clash involving religious groups that object to contraceptive coverage under Obamacare, issuing a compromise decision that said the two sides might be able to work out their differences. Releasing an
U.S. Health-Care Law Just Got Even More Confusing: Noah Feldman
published Jun 16th 2016, 3:58 pm, by Noah Feldman (Bloomberg View) — The Supreme Court is supposed to take appellate cases to make the law clearer. Today’s opinion on health-care fraud had the opposite effect. Instead of spelling out exactly when a misrepresentation in health-care billing counts as a legal
The Only Certainty for World’s Central Bankers Is Uncertainty
published Jun 16th 2016, 6:00 pm, by Rich Miller (Bloomberg) — From the immediate possibility of Britain leaving the European Union to the longer-term consequences of aging populations, the world’s major central banks this week just aren’t sure what to do next. Officials from the U.S., Japan, the U.K. and
Obama, Clinton Assail Trump Over Using ‘Radical Islam’ Label
published Jun 14th 2016, 1:54 pm, by Toluse Olorunnipa and Jennifer Epstein (Bloomberg) — President Barack Obama launched a broadside rejection of Donald Trump’s demand that the U.S. label Muslim terrorists as “radical Islamists,” arguing the presumptive Republican presidential nominee risks emboldening America’s enemies and antagonizing an entire faith. In