Page 155 - Bon News Today

(Bloomberg) -- For months in the runup to the 2008 financial crisis, banking heavyweights from Federal Reserve Chair Ben Bernanke on down said the turmoil in subprime mortgages would be “contained.

(Bloomberg) -- Central banks’ longstanding strategy of hiking interest rates to defend currencies is failing to work its magic in emerging markets this time.  A gauge of developing-nation currencies has sunk to the weakest level since March 2020 relative to average local-bond yields.

(Bloomberg) -- Stocks in the Middle East picked up on Friday’s rally across global markets as oil’s gains through $85 a barrel emboldened investors.

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(Bloomberg) -- China’s top developers have asked the government to ease its property-sector crackdown, local media reported, amid growing concerns about the fallout from China Evergrande Group’s debt crisis.

(Bloomberg) -- Some of the highest-rated government agencies in the world are hitting up the Canadian bond market, taking advantage of pent-up demand from investors facing an issuance slowdown from the country’s own borrowers. Three deals have arrived in recent days.

(Bloomberg) -- Malawian President Lazarus Chakwera expects to clinch a new financing deal with the International Monetary Fund by early next year to help kick-start an economic revival in the landlocked southern African nation.

(Bloomberg) -- Right on cue, Wall Street quants that chase trends across assets have just gone maximum bearish in global money markets as inflation angst fuels their best year since 2014.

(Bloomberg) -- In normal economies, currencies weaken in times of difficulty, but something counter-intuitive is happening in North Korea: the won is surging just as things are getting worse.

(Bloomberg Opinion) -- From the hawker centers dotted across Singapore to the central bank, there are growing signs that the city-state’s tightly controlled re-opening might just have some staying power.