Gold held a decline, which was triggered by a reduction in Middle East tensions as a shaky Iran-Israel ceasefire appeared to hold, cutting haven demand.
- Bloomberg Markets - Charlie Zhu, Zheng Li, Dingmin Zhang, Mengchen Lu
Ping An Insurance Group Co., as well as other Chinese insurers, have ramped up investments in the nation’s biggest banks on a bet the dividend yields will outweigh headwinds of narrower margins and earnings pressure.
Upexi Inc. tumbled 60% following the filing of a registration statement to allow investors to sell common shares in the consumer brands company turned cryptocurrency accumulator.
South Korea’s bid for a developed-market status hit a setback after MSCI Inc. kept the country in the emerging-market category following a review, citing limited foreign exchange reforms and restricted availability of investment instruments.
Xero Ltd., a cloud-based accounting software firm, agreed to buy Melio Payments Inc. for $2.5 billion as the New Zealand company pushes deeper into the US market with its biggest-ever acquisition.
Citadel Securities is asking the Securities and Exchange Commission to stop a new exchange founded by the stars of Michael Lewis’s 2014 book Flash Boys from entering the options market.
Nomura's Chetan Seth shares his outlook for Asian equities on Bloomberg Television. Seth says the firm is telling clients to "focus on some idiosyncratic themes, areas of the markets where we see better visibility and upside potential." He also says Nomura is "tactically positive" on Greater China. (Source: Bloomberg)
JPMorgan Chase & Co. is sounding out investors for a potential $1.46 billion debt deal for the internet security platform KnowBe4, according to people familiar with the matter.
The Nasdaq 100 Index closed at its first record since February on Tuesday as a combination of robust fundamentals and easing geopolitical uncertainty are boosting the appeal of the growth-heavy gauge.
Inside a toy factory in China's southern manufacturing hub Shenzhen, workers are racing against the clock to fulfill a surge of American orders — taking advantage of the 90-day trade war truce between the US and China. Before the pause in tensions, many Chinese exporters had frozen their U.S. business, or even considered pulling out entirely. Bloomberg TV's Minmin Low explains. (Source: Bloomberg)
Stocks in Asia opened on a cautious note as the Israel-Iran truce appeared to hold and Federal Reserve Chair Jerome Powell gave balanced comments on prospects for rate cuts.
Wall Street is struggling to pry open the red-hot asset class and bring trading and transparency to the tightly held loans that have long been off-limits to them.
Wall Street bulls drove stocks higher amid easing Middle East tensions and balanced comments from Federal Reserve Chair Jerome Powell on prospects for rate cuts. Treasury yields and the dollar fell. Oil tumbled.
Selling the dollar to invest in emerging-market currencies looks increasingly appealing, as greenback volatility drops relative to other traditional funders, according to a Bloomberg analysis.
The dollar is likely to extend its worst start to a year as foreign investors boost their currency hedges, according to Richard Chambers, global head of repo-trading at Goldman Sachs Group.
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Andrew Slimmon Morgan Stanley, Jeremy Siegel Wharton, Sharon Zackfia William Blair, Kurt Volker Former Ambassador to NATO, Yung-Yu Ma PNC Asset Management Group, Ruchir Sharma Breakout Capital. (Source: Bloomberg)
- Bloomberg Markets - Grant Smith, Ben Bartenstein, Daniel Flatley, Mia Gindis
President Donald Trump on Tuesday appeared to undermine years of US sanctions on Iran, giving its biggest customer China the green light to carry on buying its oil as he seeks to bolster a ceasefire with Israel.
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