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In New York, a cohort of debt-relief activists and US state politicians are pushing for a more-permanent solution: a law that would overhaul the process of restructuring sovereign debt.
It is generally thought that it is better to buy back bonds when they are cheap than when they have just posted a sharp rise, but perhaps Massa knows something we don't.
Chinese investment is more extensive than commonly thought, because it has no choice but to pour hundreds of billions of dollars into the U.S.
- PBOC Quarterly Policy Statement: to provide more forceful support to the real economy. - Japanese equities have extended declines. - Energy and Reso
Asia Market Update: USD/JPY rises to another 2002 high amid BOJ’s bond buying and forward guidance; Equity indices trade modestly higher; Samsung trad