U.S. Real Yield Is Highest Since 2009 If CPI Forecasts Are Right
©2015 Bloomberg News NOOG9O6KLVR7 (Bloomberg) — The falling U.S. inflation rate is making the world’s biggest bond market more appealing. Consumer prices probably slid 0.2 percent in April from the year before, based on a Bloomberg survey of economists before the Labor Department reports the figures Friday. If right, it
Rent Costs Beat Home Values in U.S. for First Time Since 2012
©2015 Bloomberg News NOOLS36S9728 (Bloomberg Business) — Add one more marker in the timeline of soaring rental costs: They just increased faster than home values for the first time since 2012. Rents grew 4 percent in the year ended in April, beating the 3 percent rise in home values over the same
Israel Fears Obama Won’t Protect Its Nuclear ‘Secret’: Eli Lake
©2015 Bloomberg View NOOHID6S9729 (Bloomberg View) — The Israeli government is worried the Obama administration will allow a U.N. conference this week to adopt a resolution that could compel Israel to acknowledge its nuclear arsenal. At issue is a proposal at the Nuclear Nonproliferation Treaty Review Conference that would empower
Income Inequality Is Actually Declining in Some Asian Countries
©2015 Bloomberg News NOMKDY6S972B (Bloomberg Business) — The gap between the rich and the poor has been growing across the world. But there is a handful of countries in the Asia-Pacific region where it has decreased, and it isn’t just the Piketty effect. The population-weighted mean Gini coefficient for the entire region rose
Los Angeles Vote for $15 Minimum Wage May Spread to Other Cities
©2015 Bloomberg News NOMKWC6K50Y0 (Bloomberg) — Los Angeles is set to become the largest American metropolis to raise its minimum wage to $15 an hour, in a decision its top labor official said should inspire other large U.S. cities to follow suit. The City Council Tuesday voted to raise the
Dollar Touches Two-Month High as U.S. Data Back Rate Divergence
©2015 Bloomberg News NOMOZW6KLVR6 (Bloomberg) — The dollar touched a two-week high versus major peers ahead of minutes from last month’s Federal Reserve meeting, after American housing data reinforced speculation monetary policy will diverge between the U.S. and Europe. The greenback held a two-day gain against the euro after European
Apple Said to Suspend Plans to Introduce Television Set
©2015 Bloomberg News NOKOVBSYF01U (Bloomberg) — Apple Inc. suspended plans to make a TV set more than a year ago, the Wall Street Journal reported, citing people familiar with the matter. Instead, the company is working on a new Apple TV set-top box and related online services, the newspaper reported.
Funds Seen Driving China Commodity Trade Boom Defying Slowdown
©2015 Bloomberg News NOKM5S6KLVR7 (Bloomberg) — Chinese hedge funds are helping drive a commodity derivatives trading boom in the world’s biggest energy, grains and metals consumer that’s defying the worst economic growth in 25 years. Trading volumes across on the Shanghai Futures Exchange, China’s biggest commodities bourse, surged 31 percent
Oil Halts Drop Near $60 as U.S. Supplies Seen Falling Third Week
©2015 Bloomberg News NOKORU6KLVR8 (Bloomberg) — Oil halted a four-day decline to trade near $60 a barrel before U.S. government data forecast to show crude stockpiles slid for a third week. Futures were little changed in New York after dropping 2.2 percent in the past four trading sessions. Inventories probably
Islamic Extremist Perceptions Test Malaysian Investment Advocate
©2015 Bloomberg News NOIX9S6JTSE9 (Bloomberg) — Overcoming foreign investor misconceptions that Malaysia harbors Islamic extremists and lacks infrastructure is Zainal Amanshah’s biggest challenge. The chief executive of InvestKL, a state agency created to lure foreign investment, laments the lack of knowledge about the country. When he meets global site selection
