News

Asian Stocks Drop on Worries Over Global Risks: Markets Wrap

Asian stocks fell as concern over France’s political crisis stoked anxiety in global markets, while traders awaited policy decisions from major central banks due this week.

China Home-Price Slump Accelerates Despite More Stimulus

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand.

Oil Dips After Biggest Weekly Gain Since April Before China Data

Oil slipped after its biggest weekly advance since early April as traders waited for Chinese data that will provide a snapshot on the economic strength of the world’s top crude importer.

China’s Exclusion From New EM Stock Funds Persists Even After a Rebound

The Chinese equity market’s rebound from its January lows has done little to curtail its exclusion from several new developing market equity funds.

Emerging-Market Bond Rally Threatened as Hawkish Flags Multiply

The balmy days of dovish monetary policy that fueled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.

German Chamber in China Says EU Tariffs Won’t Protect Automakers

The German business chamber said the European Union should invest to become more competitive instead of hiking tariffs on China-made electric vehicles, adding to Berlin’s efforts to avert or soften the trade curbs.

Hedge Funds’ Secret Weapon to Fight the SEC Lives in Texas

China Home-Price Slump Accelerates Despite More Stimulus

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand.

Oil Dips After Biggest Weekly Gain Since April Before China Data

Oil slipped after its biggest weekly advance since early April as traders waited for Chinese data that will provide a snapshot on the economic strength of the world’s top crude importer.

China’s Exclusion From New EM Stock Funds Persists Even After a Rebound

The Chinese equity market’s rebound from its January lows has done little to curtail its exclusion from several new developing market equity funds.

Emerging-Market Bond Rally Threatened as Hawkish Flags Multiply

The balmy days of dovish monetary policy that fueled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.

German Chamber in China Says EU Tariffs Won’t Protect Automakers

The German business chamber said the European Union should invest to become more competitive instead of hiking tariffs on China-made electric vehicles, adding to Berlin’s efforts to avert or soften the trade curbs.

Philippine Peso to Extend Slump to Record Low on Rate Cut Bets

The Philippine peso looks set to extend its slump toward a record low as investors see the nation’s central bank cutting interest rates ahead of the Federal Reserve.

Five Key Charts to Watch in Global Commodity Markets This Week

Beef fat from Brazil is finding its way into American biofuels as US processors look abroad for cheaper raw materials. Often-overlooked manganese is outshining other commodities this year. And the world is awash with electric car batteries — a situation that threatens to undermine future demand.

Fisher Sells Stake of Up to $3 Billion to Advent, Abu Dhabi Fund

Private equity firm Advent International and a unit of the Abu Dhabi Investment Authority are buying a minority stake in billionaire Ken Fisher’s Fisher Investments worth as much as $3 billion.

The Dollar’s Dominance, Explained

How the New ‘T+1’ Rule Settles US Stocks in a Day

Even in an age of instant communication and live financial data, investors have long had to wait days to take ownership of the stocks they purchased or to receive payment for the stocks they sold. No longer. As of May 28, US stock trades now “settle” (complete the exchange of dollars for stock) in one day rather than two. US banks, brokers and investors were forced to review all of their post-trade technologies and procedures to ensure they were ready for the new pace of stock trading. The chang

Why BHP Is Targeting Anglo in Mining Mega Deal

BHP Group Ltd. has proposed acquiring Anglo American Plc, in a deal that would create the world’s biggest copper producer and spell the end for one of the most storied names in mining.

China's 618 Shopping Spree: A Battle Beyond Price Cuts

S. Korean Defense Minister on Security Ties, Putin

Exclusive: ReNew on India's Green Transition

Venezuela Watchers Say Maduro Will Seek to Evade Latest Sanctions

Venezuelan activists and policy analysts are calling for tougher sanctions and investigations into how President Nicolás Maduro’s government is using cryptocurrencies to get around international restrictions.

Crypto Startup Funding Overcomes Blow-Ups to Hit $100 Billion

Crypto startups have drawn in roughly $100 billion of venture funding since the industry’s inception, after a recent pick-up in investment that coincided with a rally in Bitcoin and other major tokens.

First Bitcoin ETF to List on Australia’s Bourse in Global Wave

An exchange-traded fund investing directly in Bitcoin will list on Australia’s main stock market for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong.

Bitfarms Shares Rise After Riot Raises Pressure in Takeover Bid

Bitfarms Ltd.’s shares rose as much as 5.3% after Riot Platforms Inc. ratcheted up its takeover efforts by increasing its stake in the rival Bitcoin miner.

India's Opposition Can't Stop Campaigning Now

Singapore-Washing Has Hit a Wall

How the Fed Is Helping Make the Case for a Carbon Tax

The French Do the European Time Warp Again

China Home-Price Slump Accelerates Despite More Stimulus

China’s home prices fell at a faster pace in May, as the country’s most forceful efforts to support the property market took time to revive demand.

China’s Exclusion From New EM Stock Funds Persists Even After a Rebound

The Chinese equity market’s rebound from its January lows has done little to curtail its exclusion from several new developing market equity funds.

Oil Dips After Biggest Weekly Gain Since April Before China Data

Oil slipped after its biggest weekly advance since early April as traders waited for Chinese data that will provide a snapshot on the economic strength of the world’s top crude importer.

German Chamber in China Says EU Tariffs Won’t Protect Automakers

The German business chamber said the European Union should invest to become more competitive instead of hiking tariffs on China-made electric vehicles, adding to Berlin’s efforts to avert or soften the trade curbs.

Philippine Peso to Extend Slump to Record Low on Rate Cut Bets

The Philippine peso looks set to extend its slump toward a record low as investors see the nation’s central bank cutting interest rates ahead of the Federal Reserve.

Five Key Charts to Watch in Global Commodity Markets This Week

Beef fat from Brazil is finding its way into American biofuels as US processors look abroad for cheaper raw materials. Often-overlooked manganese is outshining other commodities this year. And the world is awash with electric car batteries — a situation that threatens to undermine future demand.

For Bond Traders, Data Matter More Than What the Fed Is Saying

The US bond market is driving home a lesson about the new world investors are living in: The data matter far more than anything the Federal Reserve might say.

Fisher Sells Stake of Up to $3 Billion to Advent, Abu Dhabi Fund

Private equity firm Advent International and a unit of the Abu Dhabi Investment Authority are buying a minority stake in billionaire Ken Fisher’s Fisher Investments worth as much as $3 billion.

Bill Gates Says He’s Ready to Put Billions Into Nuclear Power

Bill Gates said he’s prepared to plow billions of dollars into a next-generation nuclear power plant project in Wyoming to meet growing US electricity needs.

Evercore ISI Sees S&P 500 Gain Raging On, Upping Target to 6,000

With the S&P 500 Index setting record after record, Evercore ISI is predicting another double-digit rally through the end of 2024.

Emerging-Market Bond Rally Threatened as Hawkish Flags Multiply

The balmy days of dovish monetary policy that fueled a rally in emerging-market bonds looks to be over as central banks across the developing world turn more hawkish.

Singapore Works to Clean Up Oil Slick After Tanker Accident

Like most residents in Singapore’s expensive seaside enclave on the resort island of Sentosa, Odhran Dodd’s weekend began with the stink of oil fumes.

Serbia May Let Rio Tinto Resume Lithium Project, FT Reports

Serbia may soon let Rio Tinto Plc resume preparations for opening a lithium mine in the Balkan country, after the ruling party of President Aleksandar Vucic consolidated power in recent elections, the Financial Times reported.

India in Talks with Norway’s Equinor for Oil Reserves: Mint

India is in talks with Norway’s Equinor ASA for its participation in the country’s strategic petroleum reserves, as well as for long-term liquefied natural gas deals from the company’s US and Qatar portfolios, the Mint newspaper reported.

Pakistan to Raise Power Prices in Key Move to Secure IMF Loan

Pakistan is raising power prices by an average 20% to bolster its chances of securing a new loan from the International Monetary Fund.

South Korea Aims to Raise Up to $1.3 Billion in Dollar Bond Sale

South Korea said Sunday it’s planning to raise as much as $1.3 billion in a dollar bond sale meant to set a stable reference rate for local companies, just as their own issuance climbs near a record.

Korea Vows Steps to Cap Excess Volatility When Won Trades Longer

South Korea pledged to intervene to curb any volatility in the won as the nation extends trading hours for the currency starting next month.

Japan to Consider Allowing Nuclear Plant Expansions, Asahi Says

Japan’s economy ministry is considering allowing the expansion of nuclear plants as older ones are being decommissioned, according to the Asahi newspaper.

Argentina’s Union Calls Strike, to Affect Vaca Muerta Production

An Argentinian oil union said it will hold a 48-hour strike to demand higher salaries, potentially affecting production at the Vaca Muerta shale patch.

Canada’s Energy Hub Declares Emergency After Water Main Break

Calgary, the center of the Canadian oil and gas industry, declared a state of emergency after discovering that repairs on a major broken water main will take longer than expected.

The Market Is Disregarding What the Fed Is Saying About Rates

The Wall Street axiom warns to “never fight the Fed.” But that’s exactly what traders are doing, and it could spark a rally in some of the forgotten corners of the stock market.

French Chaos Poses Little Contagion Risk to Europe Bond Rally

It will take a lot more than political chaos in the European Union’s second-biggest economy to upend the rally in the continent’s bonds.

Takeda Signs Option to Market Ascentage’s Blood-Cancer Drug

Takeda Pharmaceutical Co. signed an option agreement with Chinese drug developer Ascentage Pharma Group International for the development of a blood-cancer drug, as the Japanese drug maker attempts to revive its drug pipeline and boost growth.

Hyundai Motor’s India Unit Plans IPO That Would Rival Record

Hyundai Motor Co.’s Indian unit filed for an initial public offering that is expected to be one of the nation’s largest.

China’s Premium Brands Fall Out of Favor With Stock Investors

China’s once-mighty shoppers have turned into reluctant spenders in the face of an economic slowdown, a shift that’s proving particularly painful for stocks related to premium brands.

Goldman Sachs Boosts S&P 500 Target on Upbeat Profit Outlook

Goldman Sachs Group Inc. strategists have boosted their year-end target for the S&P 500 Index for a third time, reflecting Wall Street’s optimistic outlook for earnings growth and the US economy.

Currency Traders Readying for a ‘Vol Killer’ Summer After Fed

Investors hoping the coming months would bring an explosion of currency volatility on the back of multiple central bank interest rate moves are in for disappointment, according to option traders.

William Donaldson, Investment Banker Who Led SEC, Dies at 93

William Donaldson, a founder of Wall Street investment bank Donaldson Lufkin & Jenrette who presided over a divided US Securities and Exchange Commission during its crackdown on corporate misdeeds from 2003 to 2005, has died. He was 93.

Global Traders Flood American Markets in Search for Safety

Stung at home by fraught politics and flat economies, international investors are squeezing themselves further into the crowded trade that is American markets.

Rental Firm Sonder Gets Operational Help, Trims Footprint

Short-term rental company Sonder Holdings Inc is working with AlixPartners LLP for operational help, according to people familiar with the situation, who asked not to be identified discussing a private matter.

A 140-Year-Old New York College Has Ratings Slashed to Junk

Houghton University, a liberal arts school in Western New York established in 1883, saw its rating downgraded into junk status by S&P Global Ratings.

BHP Copper Miners Accept Wage Offer, Easing Chile Labor Tensions

Workers at a BHP Group copper mine in Chile accepted the company’s latest wage offer, putting an end to tense collective bargaining process at an operation accounting for about 1% of global supply.