Bond Rout’s Silver Lining Emerges With Chance to Grab 5% Yields
For all the anxiety that’s been gripping the world’s biggest bond market, some investors see a compelling reason to buy: income.
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Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins'
Buffett's son, Howard, will replace him as chairman as dictated by a long-standing succession plan, Berkshire said.
Parents are interfering with teens’ first jobs. Here’s why employers say it can backfire
Parents are sending their teens' work emails for them. “An employer may reasonably wonder whether the teenager can communicate independently," says expert.
Poland MPC Member Warns Rate Increase Possible on Energy Risks
Poland may need to tighten what is an already restrictive monetary stance if energy prices accelerate, according to central banker Wieslaw Janczyk.
Turkey Investment Funds: How Pusula, Tera Crisis Sparked Market Panic
Turkish citizens piled into some high-profile investment funds in recent years, lured by extraordinary gains that would make many finance professionals pause.
Turkey Fund Rout Erases $4 Billion From a Rapidly-Won Fortune
For a long time, it seemed little could stop Altunc Kumova, a discreet businessman who became one of Turkey’s richest people after a meteoric rise in his finance firm’s stock.
AirAsia's Fernandes refutes financial concerns, points to new growth plans
AirAsia's Tony Fernandes pushed back against a report raising concerns over the airline’s financial health, while signaling plans to resume growth.
BOE’s Balance Sheet Move Eases Repo Pressure, Barclays Says
The Bank of England’s plans to slow the pace of its bond sales will ease pressure on repo operations as well as providing a tailwind for strained long-end gilts, according to a Barclays Plc strategist.
Anthropic and OpenAI hunt for smaller data center deals, sources tell CNBC, in race to deploy AI capacity
Anthropic and OpenAI have announced a flurry of AI infrastructure deals over the past year as demand booms.
FX Market Is Reliably Calm Even as the World Gets More Volatile
Currency volatility has been so low for so long that traders are starting to treat it as the new normal rather than a passing phase.
NSE’s $2.4 Billion India IPO Fully Subscribed on Second Day
The $2.4 billion initial public offering of National Stock Exchange of India Ltd. was fully subscribed on the second day of bidding, bringing the world’s busiest derivatives exchange by volume closer to completing one of the biggest listings in the…
An intense boardroom battle is brewing at India's giant Tata Group
In 10 years, India's leading multinational conglomerate, the Tata Group, is facing a new power struggle between the chairman of Tata Sons and Tata Trusts.
Helios, Mavericks’ Ujiri Back $294 Million Sports Arena in Kenya
Zaria Group, a firm backed by Dallas Mavericks President Masai Ujiri and Helios Sports & Entertainment Group, plans to build a 10,000-seater multipurpose indoor arena in the Kenyan capital Nairobi, according to regulatory filings.
PepsiCo’s Bottler RJ Corp. Plans $105 Million Local Bond Sale
RJ Corp., parent of one of the largest PepsiCo Inc. bottlers outside the US, plans to raise 10.1 billion rupees ($105 million) through local-currency bonds, according to people familiar with the matter.
Spain’s Cuerpo Says Time Has Come to Discuss ECB’s Succession
It’s time to start discussing the future of the European Central Bank should President Christine Lagarde decide to step down early, Spanish Economy Minister Carlos Cuerpo said.
JPMorgan, Santander Lead £1.1 Billion Loan for Drax Solar Deal
Banks including JPMorgan Chase & Co. and Banco Santander SA are leading a debt financing of more than £1 billion to fund Drax Group Plc’s purchase of renewable energy company Bluefield Solar Income Fund.
Lagarde Says She’ll Leave ECB in 2027, Won’t Give Exact Date
Christine Lagarde reiterated that she’ll depart as European Central Bank president in 2027, declining to say whether she’ll remain until her term ends next October.
Three Dead in Another School Shooting in Southern Philippines
Three people died while eight were injured in a school shooting in southern Philippines on Friday.
There's a Mind-Boggling Number of Rich People in America
In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much these sorts of business owners — auto dealers, contractors, the like…
Trump administration advances $24.3 billion fighter jet deal to Saudi Arabia as Houthis escalate attacks
The deal comes as Iran-backed Houthis escalate attacks on Saudi Arabia and seek control of the strategically important Bab el-Mandeb Strait.
What Is the Treasury Bonds Basis Trade, and Is It Over?
Global bond markets have been roiled since the Iran-US conflict began. Surging energy prices together with massive corporate borrowing and ever-expanding government debt issuance have sent Treasury bond prices plummeting, pushing yields to the…
Odd Lots: There Are a Lot of Rich People in America (Podcast)
In 2014, the economists Owen Zidar and Eric Zwick were asked by the Treasury to conduct a study on the tax burden of private business owners. It was tricky to figure out how much these sorts of business owners — auto dealers, contractors, the like…
ECB Says Consumers’ Inflation Expectations Increased in August
Inflation expectations among euro-area households increased in August, a signal that the European Central Bank may have to raise interest rates further.
Prudential Exits AlexForbes as Motsepe’s ARC Boosts Stake
A firm linked to billionaire Patrice Motsepe is consolidating control of Alexander Forbes Group Holdings Ltd. through a deal that will see US financial-services giant Prudential Financial Inc. exit its investment in South Africa’s biggest…