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Euro may take lower path into ECB as Draghi set to maintain rhetoric

Bloomberg The euro could revisit its year-to-date low as persistent political risks may lead Mario Draghi to refrain this week from painting a rosier picture for the bloc’s economy. Market dynamics have shifted only slightly since the European Central Bank’s last meeting, yet not in a supportive way for the common currency. Data may be suggesting the forecasts for growth ...

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Goldman says time to buy the dip in emerging markets

Bloomberg This year’s selloff in emerging-market assets has created a whole lot of value, according to Goldman Sachs Group Inc. The firm’s asset-management arm says it’s time to buy as months of underperformance for developing-nation securities relative to their US peers won’t last much longer. The divergence was an anomaly, spurred in part by sanctions on Turkey and Russia as ...

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Swiss banking secrecy rule dealt setback in October

Bloomberg Two events this month may have finally brought the curtain down on secrecy rules that were the key to Geneva and Zurich’s private banking heyday, when foreign clients could come armed with suitcases of cash and their bankers would look other way. Swiss tax authorities announced they’d shared details on 2 million accounts with other countries for first time ...

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