Asia stocks follow positive lead from US peers
Tuesday 02.00 GMT Overview Stocks across Asia were higher, taking their lead from US and European bourses that shrugged off the result of a No vote in Sunday’s Italian referendum on constitutional...
View ArticleNegative-yielding bond universe shrinks by $2.5tn
The global stock of negative-yielding debt has tumbled more than $2.5tn since the summer, underscoring the dramatic sell-off in bond prices and easing the burden on pension funds that have been...
View ArticleRogue renminbi exchange rate raises eyebrows
Anyone checking the exchange rate between China’s renminbi and the US dollar would have got a shock early on Tuesday when an apparent glitch resulted in quotes shown on Google and at least two other...
View ArticleBond ETFs mean little mourning for the middleman
December 6, 2016 by: Mark Wiedman and Richie Prager How do you buy or sell bonds if the middleman is not there any more? As any bond investor will tell you, buying or selling bonds is harder and more...
View ArticleVenezuela struggles to tame triple-digit inflation
Bringing skills she gained working at a bank to her grocery store in Caracas, beset by a triple-whammy of ravaging food shortages, galloping inflation and plummeting currency, Miriam Borthomier relies...
View ArticleBourses steady after Wall Street gains
Tuesday 08:00 GMT Overview Global bourses have a positive bias as Wall Street again eyes record highs and calmer conditions prevail in sovereign bond markets. The dollar is regaining some strength,...
View ArticleBerendsen slides on worries over growth strategy
Berendsen hit a three-year low on Tuesday after an analyst raised concerns that its new chief executive might be damaging the business in search of growth. Stifel cut Berendsen to “sell”, sending the...
View ArticleChipotle slides on slow health scare recovery
Chipotle shares slid on Tuesday after its chief executive said he was “not satisfied with the rate of recovery” from a food safety scare at the fast-casual burrito chain. During an investor conference...
View ArticleAsia stocks buoyed as Wall St nears record highs
Wednesday 02:20 GMT Overview Bourses across Asia were higher, taking their cue from Wall Street’s return to near record highs and rally in Europe led by Italian banks. Hot topic The big moves were...
View ArticleA renminbi devaluation: would it make sense?
Picture it: rumours of a renminbi devaluation keep growing. Residents rush to open accounts offshore as experts warn Beijing will get off on the wrong foot with a relatively new US administration if a...
View ArticleItalian banks: tracking market perceptions
Last weekend’s Italian referendum has sharpened the focus on Italy’s banking system. Different corners of the capital markets offer clues to how investors believe the outlook for the lenders,...
View ArticleInvesting in Trump’s world of uncertainty
It’s been a funny old year. Expectations have been confounded at every turn, not least by Brexit and Donald Trump. Personally, I think the advent of President Trump is a disaster over the long run,...
View ArticleTurks urged to back lira against ‘tyranny of dollar’
Emerging markets across the globe are already suffering because of an expected rise in US interest rates — and few are feeling the pain more than Turkey. The country’s currency has been plunging in...
View ArticleStocks buoyed as Wall St again eyes record highs
Wednesday 08:20 GMT Overview Stock markets are in a generally chipper mood as Wall Street again eyes record highs, the bond market sell-off abates, and Italy-induced tensions over the eurozone ease...
View ArticleBuy-to-let crackdown: Here's the most generous mortgage rates still available
Fleet Mortgages recently launched a new range of mortgages which are stressed at pay rate. The small lender is regulated by the FCA, not the PRA, so could technically continue to offer these after...
View ArticleChina FX reserves drop $70bn as outflow accelerates
December 7, 2016 by: Hudson Lockett and Tom Hancock in Hong Kong and Charles Clover in Beijing China’s foreign exchange reserves fell nearly $70bn last month as the country’s central bank burnt...
View ArticleRio jumps on optimism over dividend increase
Rio Tinto hit its highest level in nearly two years on Wednesday after Credit Suisse predicted that improving steel demand should merit a dividend increase. Iron ore surpluses should vanish next year...
View ArticleJunk bond rebound extended as risk spread narrows
The premium investor’s demand for riskier US corporate debt has fallen to the lowest level since last summer, underscoring a storming rebound since the start of the year for junk bonds and the sharp...
View ArticleUS biotech shares tumble as Trump warns on soaring drug prices
US biotechnology shares faced the sharpest sell-off in more than a month after comments from Donald Trump brought the spectre of tougher drug-price regulation back to the fore. Mr Trump’s win in last...
View ArticleRecord Wall Street finish fires up Asia bourses
Thursday 02.10 GMT Overview Major bourses across Asia latched on to record closes for key Wall Street indices as US stock markets continued to rally one month on from the presidential election. But...
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