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Singapore hedge fund Asia Genesis shuts after ‘big mistake’ on China trade
SINGAPORE hedge fund Asia Genesis Asset Management is closing its macro fund after suffering an “unprecedented drawdown” following China’s stock market rout...
Retail sales fall at sharpest rate since Covid
Retail sales fell by 3.2% in December in the sharpest drop since the UK was in a Covid lockdown.
Mortgage rates drop to 7-month low
The average on a 30-year loan stands at 6.60%, down from a peak of nearly 8% in October.
Mortgage...
Global Bond Rally Powers on as Rate Cut Bets Appear Everywhere
Bonds around the world are extending gains on expectations that a wave of easing will break out next year as inflation fears...
Moody’s turns negative on US credit rating, draws Washington ire
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline...
Asian stocks bounce on China spending plans; inflation jolts Aussie
China led Asia's stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger...