Bloomberg The US economy expanded at a modest pace since mid-May amid “slight” price pressures and some softening in consumer spending, according to a report from the Federal Reserve’s 12 districts that lacked any sense of urgency on the need to raise interest rates soon. “The outlook was generally positive across broad segments of the economy including retail sales, ...

  BLOOMBERG Indonesia’s Islamic bond yields have fallen faster than Malaysia’s in the past three months, as the nation’s higher-yielding notes do better at attracting investors fleeing plunging rates in the developed world. Yields on rupiah sukuk due 2019 slid 39 basis points in the period, compared with 26 basis points for equivalent paper in Malaysia. Indonesia’s three-year Islamic bonds ...

  Bloomberg UBS Group AG and Bank of America Merrill Lynch stand atop the private-banking industry, managing more than US$3 trillion for the world’s wealthiest people even as assets slid. The private bank at Zurich-based UBS oversaw US$1.74 trillion at the end of 2015, compared with US$1.75 trillion a year earlier, according to an annual study by London-based consulting firm ...