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
Nobel Winner’s Math Shows S&P 500 Unhinged From Reality – Or Not
©2015 Bloomberg News NOIRNN6K50YI (Bloomberg) — If you sold every share of every company in the U.S. and used the money to buy up all the factories, machines and inventory, you’d have some cash left over. That, in a nutshell, is the math behind a bear case on equities that
Bond-Market Crash Has Wall Street Divided on What’s Next
©2015 Bloomberg News NOJ03S6JTSEB (Bloomberg) — Maybe, just maybe, this whole bond rout is ending. The global selloff that’s set investors on edge finally slowed last week, and some analysts are saying the worst is over. Treasuries look fairly valued given the outlook for inflation and interest rates, according to
Wheat Jumps Most Since ’12 as Funds ‘Spooked’ by Dire Weather
©2015 Bloomberg News NOCWTK6KLVRB (Bloomberg) — Wheat futures posted the biggest gain in almost four years on speculation that hedge funds bailed out of record bearish bets amid concern that adverse weather will damage crops in the U.S., the world’s top exporter. Severe thunderstorms were forecast for the Great Plains
S&P 500 Rises to Record as Weaker Dollar Spurs Large-Cap Rally
©2015 Bloomberg News NOCYAK6KLVR7 (Bloomberg) — The Standard & Poor’s 500 Index closed at an all-time high, halting a three-session slide, as Microsoft Corp. and Apple Inc. led a rally in technology shares and the weaker dollar spurred gains in multi-national companies. Microsoft and Apple added at least 2.3 percent,
NFL Concussion Case Settlement to Be Challenged on Appeal
©2015 Bloomberg News NOBFYR6JIJV0 (Bloomberg) — The National Football League’s $765 million settlement of concussion lawsuits is headed for an appeal, a move that could delay players’ access to benefits. Philadelphia U.S. District Judge Anita Brody’s approval of the accord capped almost two years of negotiations between attorneys for the
American Public Warming to Redistribution: Christopher Flavelle
©2015 Bloomberg View NOCYQB6JTSE8 (Bloomberg View) — The erosion of the U.S. middle class is changing how Americans see themselves. It might also be changing the way they view government redistribution of wealth. The stagnation of earnings for most American households has been well established. From 1979 to 2007, real
Wal-Mart to Challenge Amazon Prime With $50 Shipping Service
©2015 Bloomberg News NOBABP6KLVR7 (Bloomberg) — Wal-Mart Stores Inc. will offer a $50-a-year unlimited free-shipping service for online customers starting this summer, seeking to challenge the $99 Prime service offered by retail rival Amazon.com Inc. The service will be available by invitation only in select markets, said Ravi Jariwala, a spokesman
