Euro Holds Drop Amid Greece Concern; Asian Stock Futures Mixed
©2015 Bloomberg News NO7MEV6JIJUP (Bloomberg) — The euro held losses amid concern Greece won’t be able to strike a bailout deal, while New Zealand’s dollar traded near an almost two-month low. Asian stock-index futures were mixed after U.S. shares retreated with Treasuries. The 19-nation currency was at $1.1142 by 8:52
The Short-Seller Edge That Hedge Funds Get From Crucial Time Lag
©2015 Bloomberg News NO5K4M6TTDS1 (Bloomberg) — In today’s U.S. stock market, trading is fast approaching the speed of light. Yet for one crucial piece of information, many investors still have to wait as long as two weeks for updates. “Short interest,” Wall Street speak for how heavily a company’s stock is
Euro Falls Before Finance Ministers Meet as Greece Deadline Loom
©2015 Bloomberg News NO5V4T6JIJUO (Bloomberg) — The euro fell to a one-week low before European finance ministers resume talks on Greek aid on Monday. The common currency slipped 0.3 percent percent to $1.1162 as of 10:04 a.m. in Tokyo, the lowest since May 5. To contact the reporter on this
Oil Holds After 8th Weekly Advance as Drill Rig Count Declines
©2015 Bloomberg News NO5PVF6TTDS3 (Bloomberg) — Oil held gains after rising for an eighth week as U.S. drillers reduced the number of active rigs to the fewest in more than four years. Futures were little changed in New York after capping a 0.4 percent gain on Friday, the longest run of
Pound Soars as Exit Poll Predicts Tory Win; Asian Bonds Rebound
©2015 Bloomberg News NO0ARK6KLVRG (Bloomberg) — The pound jumped as an exit poll indicated the U.K. Conservative Party will retain power after elections, quelling concern over the prospect of protracted coalition negotiations. Asian bonds tracked a recovery in Treasuries, while most stocks rose ahead of U.S. labor market data. Sterling
*Did This 28-Year-Old Banker Help Steal $1 Billion From Moldova?
©2015 Bloomberg News NO05XU6JTSEH (Bloomberg Business) — Three of the biggest banks in Moldova reached the brink of collapse in November after suffering losses totaling $1 billion—a shocking sum in an impoverished Eastern European country with a gross domestic product of less than $8 billion. Now shock is turning to anger. In a
*John McCain Targets Rabbit Massages, Puppetry, in ‘America’s Most Wanted’ Spending Report
©2015 Bloomberg News NO085L6KLVRG (Bloomberg Politics) — Wanted: Elephants suspected of bilking American taxpayers. Arizona Senator John McCain released a report Thursday “highlighting, naming and shaming outrageous pork projects funded with your taxpayer dollars,” and it singled out those profligate pachyderms for the $50,000 grant they—or, presumably, those who research
There’s One Part of the World Where the Oil Industry Is Booming
©2015 Bloomberg News NNY4SJ6K50YC (For Energy column alerts: SALT NRGI ) (Bloomberg) — As the oil industry tightens its belt after the worst price slump in a generation, the state-owned giants of the Middle East are taking the opposite tack. Saudi Arabian Oil Co., Abu Dhabi National Oil Co. and
Euro-Area Bonds Caught in QE Paradox as Short Sellers Book Gains
©2015 Bloomberg News NNY7DW6JTSEG (Bloomberg) — The European Central Bank’s bond-buying program has landed investors in a quandary that’s whipping up volatility in the region’s fixed-income markets. Signs the plan is helping turn around the euro area’s economy triggered a 1.4 percent loss on the region’s government bonds in April, the
SEC Approves Plan to Boost Traders’ Interest in Small Stocks
©2015 Bloomberg News NNYA936K50YF (Bloomberg) — The U.S. Securities and Exchange Commission approved a two-year program designed to test ways to boost investors’ interest in smaller stocks. The trading experiment, championed by small-business advocates and opposed by big investors such as Fidelity Investments and D.E. Shaw & Co., will widen the