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Stocks rise as US, China seek to avoid trade war

Bloomberg US stocks climbed as industrial shares rallied after Bloomberg reported that the Trump administration is seeking to ease trade tensions with China. Most sovereign bond yields edged lower after the Bank of Japan pledged to keep its monetary policy ultra loose. The S&P 500 Index halted a three-day slide as Boeing Co, Caterpillar Inc and 3M Co all added ...

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Triple-leveraged ETFs store up trouble for $8.5 billion fund

Bloomberg Trouble in the leveraged ETF complex could spark a fresh volatility explosion that hits commodity investors in its wake, according to Macro Risk Advisors. The New York-based firm warns the VanEck Vectors Gold Miners ETF, ticker GDX, is vulnerable to outsized price swings if its tracked basket of stocks drops by 5 percent or more in a single day. ...

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IndiGo Q1 profit dips 97%

Bloomberg IndiGo, India’s biggest airline, fell to the lowest in 16 months as rising fuel prices and a weaker rupee led to its worst-ever quarterly profit in a fiercely-competitive market. The carrier, operated by InterGlobe Aviation Ltd., said net income dropped 97 percent to 278 million rupees ($4 million) in the three months through June, its worst quarterly result since ...

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