Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence. While the Federal Reserve doesn’t break out hedge-fund ownership, a group seen as a proxy increased its holdings to a record $1.27 trillion in...
America's property market recovers gradually as prices Down Under surge. The property market is an animal almost every central banker is worried about and hardly anyone can control. As the Federal Reserve downshifts into go-slow mode while the European Central...
Bureaucrats who falsify economic data are more likely to win promotion. In theory Chinese officials receive promotions based on their performance against a range of targets: delivering strong growth, maintaining social stability and, until recently, enforcing the one-child policy have...
UBS sounds the alarm on non-bank lending. Don't look at banks or the bond market to get a sense of when the credit cycle is turning or how bad the ensuing bust will be, according to UBS AG. "There has been...
DeepMind’s artificial intelligence astonishes fans to defeat human opponent and offers evidence computer software has mastered a major challenge. Google DeepMind’s AlphaGo program triumphed in its final game against South Korean Go grandmaster Lee Sedol to win the series 4-1,...
No. 1 carrier has $110 billion in debt and dividend obligation Move could create asset-backed market for phone payments Verizon Communications Inc., the largest U.S. wireless provider, may sell bonds backed by the payments its customers owe for financing phones....
Our index of the climate for working women now includes paternity leave IT IS still common to see headlines announcing the first woman to occupy some important post or other. Asako Suzuki has just been appointed the first female board...
China may soon have a rust belt of its own. Chinese officials announced plans to lay off roughly 1.8 million workers in the coal and steel industries, as part of president Xi Jinping’s politically difficult effort to restructure the world’s...
The agreement is a victory for the country’s new president. For more than 14 years Elliott Management, the hedge fund led by Paul Singer, was the pantomime villain in Argentina’s dispute with its bondholders. Rather than accepting a big write-down,...
The U.S. dollar's retreat spells relief for multinationals. For a year and a half, the two most commonly cited headwinds facing blue-chip U.S. companies have been low oil prices and a soaring currency. While the first has yet to fully dissipate, foreign exchange...
Bank governor dismisses setting negative interest rates even in the event of an economic downturn. The Bank of England could cut interest rates to zero, but will seek to avoid following Sweden, Denmark and the eurozone by setting negative rates...
Following another round of financial market turbulence, fed fund futures contracts don't see the Federal Reserve raising rates until at least February 2018 and in fact are pricing in a small likelihood of a rate cut. Diminished expectations for rates...
China’s foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold dollars as the yuan’s retreat to a five-year low exacerbated depreciation pressure. The world’s largest currency hoard decreased by $99.5 billion in January to $3.23...
Global central banks have opened the door to negative U.S. interest rates, in Wall Street’s view. After the Bank of Japan cut some rates below zero last month to spur growth and inflation, strategists are weighing the Federal Reserve’s options...
Married couples can often claim twice the retirement savings tax breaks of single people. Couples can also strategically save in their respective workplace retirement accounts to get the best possible employer contributions and investment options. Here's how to maximize the...
