China cedes top US creditor crown to Japan as yuan struggles
China has been dethroned by Japan as the top holder of US government debt as the Chinese central bank has dipped into its foreign exchange reserves to support the yuan,…
UBS, Credit Suisse interested in advising on Russia privatisation
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatisations as long as the deals do not violate sanctions, three banking sources told Reuters.…
Calmer markets, positive data prime Fed to push ahead with rate rises
Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the US central bank's data-dependent approach while around…
Wall Street vets battle BP in fallout over Canada refinery
A legal battle between a team of former Wall Street oil traders and behemoth producer BP plc over a remote Canadian refinery sheds rare light on the murky world of…
For crashing oil market, tardy winter is cold comfort
Winter has finally arrived in large swathes of the northern hemisphere after the warmest December on record took a big bite out of seasonal heating fuel demand, swelling stockpiles and…
Investor flight from US stocks fails to lift bond market
The "flight to safety" into bonds many expected when US stocks slumped last week never took off, making big losers out of prominent fund managers and further confusing investors at…
China calls the shots in Asia’s currency war
As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which…
Some funds that got out of oil early start moving back in
Few mutual fund managers pulled out of oil stocks before the price of crude began plummeting in the fall of 2014, according to Morningstar data. Now, some of those who…
Markets brace for rocky ride after ECB plays last card
The European Central Bank's quantitative easing programme may prove to be major central banks' last salvo in their post-crisis battle to revive growth, heal the financial system and kill off…
US stock valuation metrics make strategists nervous
The S&P 500 is closing in on the vaunted 2,000 mark, but a growing number of strategists, looking at common measures of valuation, are wondering if the milestone is justified.…
