Information

Home Information
  • Dec 12, 2024

Analysis-China's bond market sees more economic pain ahead

Investors in Chinese bonds head for 2025 betting there will be no miraculous recovery in the economy, putting them at odds with an equities market that has wagered on a revival in consumption. Although China's closed capital account diminishes the 33 trillion yuan ($4.6 trillion) market's worth as an economic forecaster, the signal from ten-year bond yields scraping record lows almost daily and long bonds falling below Japanese yields still shows a deep-set negativity about the outlook. "The bonds are basically saying that, yes, there is a (stock market) rally out there, but we don't buy this rally for the long term," said Bhanu Baweja, chief strategist for UBS Investment Bank in London.

  • Dec 12, 2024

New York Fed’s Michelle Neal Steps Down as Head of Markets Group

(Bloomberg) -- The Federal Reserve Bank of New York’s Michelle Neal has resigned as head of the markets group and member of the executive committee, marking the latest in a string of high-status departures in recent years.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamNeal, who joined the

  • Dec 12, 2024

Fed approves Scotiabank bid to acquire voting shares in KeyCorp

The U.S. Federal Reserve said on Thursday it had approved an application by Scotiabank to buy up to 14.99% of the voting shares in U.S. regional lender KeyCorp, as the Canadian bank looks to boost its exposure to developed markets. Scotiabank announced the $2.8 billion deal in August, which would also allow it to appoint two directors to the Ohio bank's board. Scotiabank CEO Scott Thomson's move to acquire a stake in the regional lender comes as the bank refocuses on the North American trade corridor as part of its new strategy, while it looks at possibly exiting some unprofitable markets in South America.

  • Dec 12, 2024

Wall Street Puts Rally on Hold Before Fed Meeting: Markets Wrap

(Bloomberg) -- A rally that shot the world’s biggest technology stocks to all-time highs hit pause Thursday as Wall Street held off on big bets ahead of the Federal Reserve’s policy meeting next week. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamIn afterhours trading, chip supplier Broad

  • Dec 12, 2024

NY Fed Markets Group chief Neal resigns, will exit bank in March 2025

The head of the Federal Reserve Bank of New York's powerful Markets Group, Michelle Neal, is stepping down and will leave the bank in March 2025, the bank said in a press release on Thursday. Neal will serve as a senior advisor at the bank until she exits, the bank said, adding that Neal is moving to a role in the private sector. Neal oversees the part of the New York Fed that interfaces with the financial sector.

  • Dec 12, 2024

Freight Essentials takes aim at WWEX Group in federal lawsuit

Logistics firm Freight Essentials filed a federal lawsuit against WWEX Group and its affiliates, alleging that the company is engaging in fraudulent business practices with hidden fees. The post Freight Essentials takes aim at WWEX Group in federal lawsuit appeared first on FreightWaves.

Popular Post