Stocks, bonds and the dollar saw small moves on Monday, with traders awaiting the latest inflation figures, remarks from Federal Reserve speakers and results from giant retailers. In a thin trading session, the S&P 500 hovered near its key 4,400 mark. The gauge closed little changed after posting nine positive days out of 10 — … Read more
For decades, transit officials in Los Angeles have wanted more riders like Roy Orecchio. The reality television showrunner, 50, is the definition of what planners sometimes call a choice rider — someone with the option to commute by car but who opts to take transit. To get from his home in Lincoln Heights to work … Read more
Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. The EU is set to renew its call for bolstering clean technologies in the face of increased global competition. But the Commission today will offer few details on its assessment of US President Joe Biden’s multi-billion … Read more
In August, shortly after the news broke that Country Garden Holdings Co. had hit a full-blown funding crisis, 38-year-old Huailan crept into the Shandong construction site where her new family home should have been all but finished. She ducked under the wire fence, climbed 18 flights of stairs to a nearby rooftop and took in … Read more
Argentina investors again braced for a selloff after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate. The country’s dollar bonds — already trading below 30 cents on the dollar — look set to tumble further ahead of the Asia market … Read more
Welcome to The Brink. This is Kevin Simauchi in New York and Scott Squires in Buenos Aires, where we have been looking at Argentina’s bond markets ahead of the first round of presidential elections. We also have news on US pharmacy chain Rite Aid, Chinese developer Country Garden and Venezuelan oil company PDVSA. Follow this … Read more
Argentina Election 2023: Will the US Dollar Replace the Peso in … Bloomberg Source link
The US dollar will remain the dominant currency in Zimbabwe even after the government’s December 2025 deadline to stop its use in the economy, the country’s largest independent asset manager said. Imara Asset Management, which oversees more than $100 million, said the dollarization of the economy is actually accelerating since authorities curbed the local currency’s … Read more
Welcome to The Brink. It’s Giulia Morpurgo and Tasos Vossos in London, where we worked all weekend to report on Metro Bank’s rescue package. We also have news on China’s real estate giants Evergrande and Country Garden, US online car retailer Shift Tech and Israel’s bonds and CDS. Follow this link to subscribe. Send us … Read more
Argentina’s Black Market Peso Rate Tops 1000 Per Dollar Bloomberg Source link