A Singapore court appointed KPMG restructuring executives to take control of Radiant World on Thursday, granting an application by creditor Mizuho Bank Ltd., which has accused the iron ore trader of an alleged fraud linked to iron ore receivables.
Leland Miller, China Beige Book CEO, joins Bloomberg’s Anna Edwards on “Bloomberg Brief” to look ahead to the Trump-Xi summit in Washington. He says that the US side has seen a lot of non-compliance from their Chinese counterparts, which have resulted in more frequent check-ins. Miller adds that the Board of Investment is intended to stabilize the relationship and not expand bilateral investment. (Source: Bloomberg)
Bonds are starting to deliver “equity-like returns,” according to Larry McDonald, similar to during the summer of 1987.
Investors are sticking with short-dated bonds in Europe and the UK, in a bet that expectations for interest rate increases have gone too far.
“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today’s guests: Clemens Fuest, Ifo Institute President; Grace Peters, JPMorgan Private Bank Co-Head of Global Investment Strategy; Kinger Lau, Goldman Sachs Chief China Equity Strategist; Christian Sinding, Scaleup Europe Fund Investment Committee Chair & EQT Institutional Partner (Source: Bloomberg)
Saudi Arabia’s nearly trillion-dollar wealth fund, one the world’s biggest sovereign investors, is considering increasing its allocation to fixed income assets and award a mandate to Pacific Investment Management Co.
Equities can keep climbing even as rising bond yields raise the bar for earnings growth, according to JPMorgan Chase & Co.’s Grace Peters.
“We decided that my brother and I would be co-trustees, with equal and independent authority.”
Meta Platforms, whose new Muse AI agent has driven the stock prices of the tech sector this week, got a price-target boost after showcasing products at its Connect conference on Wednesday night.
Check a commodity broker on NFA BASIC and write the status line before you send money. This is not financial advice.
