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Imran Khan aims to make graft-prone Pakistan welfare state

Bloomberg Imran Khan stepped onto a makeshift stage in a trash-ridden Karachi district to address hundreds of supporters who’d been waiting for hours. His message: vote out the city’s rulers who have failed to provide jobs, education, sanitation and healthcare. “This is the first opportunity to free yourselves — they, despite taking turns for the last 30 years, couldn’t give ...

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Good week for S&P 500 held bad news for active funds

Bloomberg A week of tumult on the trade front was also the best week in a month for S&P 500 bulls. Active stock managers weren’t celebrating. They’ve watched in shock as the best-laid efforts to beat benchmarks are squeezed as the contour of the rally shifts. Funds are being betrayed by the companies they love, including tech megacaps and banks, ...

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Swiss plan first end-to-end exchange to trade digital assets

Bloomberg SIX, the owner of Switzerland’s securities exchange in Zurich, is creating platform for trading digital assets, boosting a nascent industry that some countries are trying to suffocate. The new platform will offer a “fully integrated, end-to-end trading, settlement and custody service,” the world’s first to do so, the bourse said. The parent exchange, regulated by Finma and the Swiss ...

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