bloomberg business
Dollar Holds Retreat as Data Dims Rate Rise Outlook; Crude Slips
©2015 Bloomberg News NOBB9R6K513R (Bloomberg) — The dollar maintained losses, trading near an almost four-month low versus Australia’s currency after stagnant U.S. retail sales data fueled speculation policy makers will put off interest-rate increases. Oil dropped. The Aussie was steady at 81.12 U.S. cents by 9:41 a.m. in Sydney, after jumping
From Google-to-AOL-to-What? Is the Big Question for Tim Armstrong
©2015 Bloomberg News NO9OHQ6KLVRF (Bloomberg Business) — When Tim Armstrong took over AOL Inc., it was running on fumes from its passé dial-up business and pretty much written off as done. Then Google Inc.’s former top ad executive spent more than $1 billion on acquisitions to turn it into an
Long Bonds Punish Investors as Goldman Sachs Sees Poor Outlook
©2015 Bloomberg News NO7QKB6JIJUR (Bloomberg) — Last year’s superstar of the Treasury market is punishing investors in 2015, and Goldman Sachs Group Inc. is calling it a “poor investment.” Thirty-year bonds have slumped 8 percent in the past two weeks, leaving investors with a loss of 4.8 percent since Dec. 31,
Dollar Jumps on Fed Rate Bets as U.S. Shakes Off Winter Chill
©2015 Bloomberg News NO7OMW6K50XW (Bloomberg) — The dollar stayed stronger against major peers as investors bet the Federal Reserve remains on track to raise interest rates this year while global peers retain unprecedented easing. The U.S. currency rose Monday as San Francisco Fed President John Williams reiterated policy makers could lift
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