Bloomberg Investors looking to back winners in Saudi Arabia’s second-quarter earnings season should focus on consumer and retail companies rather than petrochemicals, analysts in the region say. Extra spending by Saudis after the government’s June 21 decision to reverse a cut to state salaries and benefits, and increased food sales for feasts related to the holy month of Ramadan should ...

Bloomberg The slower-than-expected increase in worker pay shows that investors should feel safe in Treasuries, even after yields jumped in the past two weeks, according to PGIM’s Robert Tipp. ‘Bonds are winning,’ Tipp, the chief investment strategist at PGIM Fixed Income, said on Bloomberg Television’s ‘Real Yield’ program. “The fact we haven’t had wage growth is really exceptional. I think ...

Bloomberg Singapore’s banking regulator has told lenders it will delay the implementation of global rules designed to rein in trading risks by a year, Reuters reported. The Monetary Authority of Singapore notified local banks of the delay to the so-called ‘fundamental review of the trading book,’ or FRTB, in a letter last month that also flagged a number of other ...