A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets
Higher U.S. rates could also keep global bond yields elevated and weigh on equity valuations and economic growth.
Latest (page 16)
Putin braces for election stress test as Russians ‘feel the pain’ of struggling economy
Russia’s upcoming election is expected to cement United Russia’s dominance, but voter turnout and its margin of victory could offer clues to public discontent.
Saudis Seek to Resume Half of Key Oil Pipeline
Saudi Arabia is seeking to return about half the capacity of its cross-country oil pipeline within days after the link was halted following drone attacks. Bloomberg's Stuart Livingstone-Wallace has the context. (Source: Bloomberg)
BNP Paribas' Davis on Hiring Plans, Market Flows
Conor Davis, Global Head of Institutional Sales & Investors Coverage at BNP Paribas, discusses the bank’s hiring plans and market flows. He speaks exclusively from the sidelines of the BNP Paribas Global Markets APAC Conference in Hong Kong…
Harker on Federal Reserve Rate Hike
Patrick Harker, former Philadelphia Fed President, says the central bank had to show credibility in its push to return inflation to 2%. He speaks on “Bloomberg: The China Show.” (Source: Bloomberg)
Hong Kong Leader Unveils Five-Year Plan
Hong Kong Chief Executive John Lee set out plans to almost double the city’s spending on innovation in coming years and offered greater financial support for new parents, as his government seeks to build new growth engines and arrest a decline in…
Hong Kong Property Stocks Fall as Rate Hike Threatens Recovery
Shares of Hong Kong developers dropped after the city followed the Federal Reserve with an interest rate increase, fueling concerns that higher borrowing costs may derail a nascent housing market recovery.
Elham Taps Ex-BlackRock’s Allan for Australia Private Credit
Elham Credit Partners has hired former BlackRock Inc. executive Stephen Allan to seek private credit opportunities in Australia, according to people familiar with the matter.
Ethiopia Bourse Approves 11 New Listings, With One Next Week
The Ethiopian Securities Exchange has given in-principle approval for 11 listings, almost tripling the number of publicly traded firms if all of them come to market.
Czechs Set to Hold Rates as Energy Risks Boost Tightening Bets
Czech policymakers are poised to hold interest rates for a second meeting, even as concerns over surging oil prices and a widening budget deficit fuel bets on more tightening to come.
Trump plans to meet Gulf leaders at UN next week on Iran war's endgame: report
Washington's efforts for resuming ceasefire talks appear to have stalled, as Gulf states absorb escalating attacks from Iran and Iran-aligned Houthi militants.
Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital
Two of Walter's insurance companies faces federal criminal and civil investigations into the accounting of roughly $21 billion in financial transactions.
Japan’s corporate leaders sound alarm over weak yen — even dollar-earners are voicing concerns
While the Japanese yen has strengthened rapidly over the past two weeks, it remains weak in historical terms.
The Bank of Japan's Hardest Decision in Decades
The Bank of Japan is facing its toughest call in decades. With the yen sliding, volatility spiking and regional growth fragile, the stakes couldn't be higher. Anthony Stephens has more. (Source: Bloomberg)
Copper Steadies as Traders Shrug Off Fed’s Hawkish Rate Signals
Copper steadied as traders shrugged off hawkish messaging from the Federal Reserve chair following a widely expected interest rate hike.
Tata Sons Board Takes Up RBI’s IPO Mandate and a Leadership Dilemma
Board to discuss if outgoing Chairman Natarajan Chandrasekaran should be asked to stay on.
China Adds Currencies to Central Clearing in Yuan’s Global Push
China has expanded its onshore central clearing system to more foreign currencies, another step toward promoting direct trading with the yuan and reducing reliance on the dollar.
Global Bonds Recover as Warsh’s Inflation Fight Calms Market
Global bond yields retreated Thursday, calming a pressured market after the Federal Reserve’s rate hike and Chairman Kevin Warsh’s vow to tame inflation, while traders awaited Friday’s Bank of Japan decision.
Oil extends losses as Saudi Arabia reportedly offers ship-to-ship crude transfers after pipeline hit
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
Myanmar Deports Detained Ex-AmCham Chief to ‘Preserve’ US Ties
Myanmar deported American businessman Adam Castillo on Wednesday evening, ending a three-month detention for breach of trust in a move the authorities said was aimed at preserving diplomatic relations with the US.
Singapore’s Gold Hub Ambition Gets Lift With DBS Vault Expansion
Singapore’s push to become a major gold hub is gaining momentum, with DBS Group Holdings Ltd. adding bullion storage capacity and other banks considering similar moves.
Hong Kong Leans Into Yuan Bond Boom as Debt Hub Rivalry Builds
Hong Kong, Asia’s leading hub for bond underwriting for more than a decade, is making the most of a record flurry of offshore yuan debt issuance as competition for fixed-income business across financial centers intensifies.
India Supplies Wall Street With CEOs But Has a Shortage at Home
Indian-born bankers have led global financial giants from Deutsche Bank AG and Citigroup Inc. to Barclays Plc. Yet at home, the country’s lenders can face a string of challenges finding executives for the top job.
Subscription for NSE’s India IPO Starts With Valuation in Focus
National Stock Exchange of India Ltd.’s long-awaited initial public offering starts taking orders Thursday, testing investor appetite for a valuation that remains rich compared with some of the world’s biggest listed exchanges.