Trump Says U.S. Attendance Uncertain at Saudi Investment Meeting
published Oct 15, 2018, 5:07:59 PM, by Toluse Olorunnipa and Jennifer Epstein (Bloomberg) — President Donald Trump said he’s uncertain whether his administration will participate in a Saudi investment conference in the wake of the disappearance of journalist Jamal Khashoggi. Treasury Secretary Steven Mnuchin, who was scheduled to attend the
The U.S. Needs to Crack Down on White-Collar Crime: Editorial
published Oct 14, 2018, 9:00:23 AM, by The Editors (The Bloomberg View) — This has been a banner season for punishing white-collar crime. Guilty pleas by Michael Cohen, President Donald Trump’s former longtime personal lawyer, and criminal convictions and additional guilty pleas in the case of former Trump campaign chairman
Stock Slump Resumes in Asia; Pound Drops, Oil Up: Markets Wrap
published Oct 14, 2018, 9:18:49 PM, by Adam Haigh (Bloomberg) — A rebound in global equities Friday saw no traction at the start of the week, with markets in Asia dropping on Monday. The pound slipped as a Brexit deal hung in the balance with just days to go until
Branson Suspends Saudi Talks Over Missing Journalist Khashoggi
published Oct 11, 2018, 6:28:36 PM, by Angus Whitley (Bloomberg) — Richard Branson suspended talks with Saudi Arabia’s sovereign wealth fund over its planned $1 billion investment in Virgin Group’s space companies following the disappearance of Saudi journalist Jamal Khashoggi. Washington Post columnist Khashoggi was last seen entering the kingdom’s
U.S. Stock Futures Gain After Worst Two-Day Drop Since February
published Oct 11, 2018, 6:42:59 PM, by Livia Yap (Bloomberg) — U.S. equity futures staged a mild bounce after the worst two-day slump since February as technical levels continued to exert outsize influence on the stock market. December contracts on the S&P 500 Index climbed 0.6 percent in early Asian
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