Zhou Xiaochuan, the long-serving and respected governor of the People’s Bank of China, raised eyebrows last week when he cautioned that the country could have a ‘Minsky Moment’ if “we are too optimistic when things go smoothly.” Although he was right to warn against policy complacency and general economic overconfidence, particularly in the context of a growth model that still ...

Bloomberg This week is fraught with peril for Treasuries traders, no matter if they’re bulls or bears. The next five trading days will bring a torrent of market-moving information: President Donald Trump is poised to finally announce his nominee to lead the Federal Reserve; US central bankers have an interest-rate decision to make; a House committee is set to release ...

Reuters Petrochemical stocks and an earnings beat by Saudi Telecom Co lifted Riyadh’s stock market on Sunday while other Gulf bourses were sluggish, once more ignoring a strong performance by Wall Street on the previous trading day. The Saudi stock index climbed 0.7 percent. Unusually, four of the 10 most active stocks were petrochemical producers after oil prices rose sharply ...

Bloomberg UBS Group AG Chief Executive Officer Sergio Ermotti is reviving investors’ expectations for a share buyback after the bank’s capital buffers rebounded and profit increased. The bank’s CET1 capital ratio rose to 13.7 percent in the three months through September, up from 13.5 percent in the second quarter. UBS has pledged to return at least half its net profit ...

Bloomberg Deutsche Boerse AG Chief Executive Officer Carsten Kengeter resigned amid growing shareholder pressure after he became embroiled in an insider-trading probe. The company also said it isn’t likely to meet its full-year earnings targets. The CEO will step down on December 31 “in order to allow the company to focus its energy back onto clients, business and growth and ...

Bloomberg Royal Bank of Scotland Group Plc signalled it’s in a better position to handle its remaining legacy issues after posting stronger than expected capital ratios in the third quarter. The shares rose. The Edinburgh-based lender’s common equity Tier 1, a measure of financial resilience, jumped to 15.5 percent in the period from 14.8 percent at the end of June, ...

Bloomberg Firms such as Blackstone Group LP, Apollo Global Management LLC and Fortress Investment Group LLC are often slapped with the vaguely sinister label, shadow bank, because they provide financing but aren’t regulated like traditional lenders. President Donald Trump’s Treasury Department now says that’s downright unfair and wants global regulators to stop using the term when describing investment giants. “The ...

Bloomberg EasyJet Plc will take over leases for as many as 25 of Air Berlin Plc’s planes and gain access to a second airport in the city as the former No. 2 German airline is liquidated. EasyJet will pay 40 million euros ($46 million) for the Airbus SE A320 aircraft leases and takeoff and landing slots at Berlin Tegel Airport, ...

Bloomberg British Airways owner IAG SA struggled to raise ticket prices at the same pace as rivals as the airline group boosts long-haul budget options to counter tougher competition on its core US routes. Gains in passenger unit revenue, a measure of ticket pricing, slowed to 2.2 percent in the third quarter from a 4 percent jump in the three ...

Bloomberg Ryanair Holdings Plc’s effort to ease the shortage of pilots that contributed to months of flight cancellations may be bearing fruit, and could give the carrier leverage in a pay dispute with some existing employees. Europe’s biggest discount airline hired more than 200 pilots this month, according to a copy of a briefing document the carrier sent to employees. ...