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Oi reports wider loss as mobile customers flee for bigger rivals

  Bloomberg Oi SA, Brazil’s most indebted phone company, said its first-quarter loss widened as customers jumped ship for bigger competitors in the wireless segment. Oi posted a net loss of 1.64 billion reais, according to a statement sent to Brazil’s securities regulator Thursday. That compares with a loss of 880.7 million reais projected by analysts, the average of three ...

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Chile peso falls most in emerging markets as foreigners go short

  Bloomberg The Chilean peso weakened the most among emerging-market currencies as international investors offload their positions on the currency following weak data from China. Foreign investors have increased short positions in the Chilean peso forwards market by $1.2 billion in the past week while local investors, mostly pension funds hedging their currency exposure, have refrained from adding to their ...

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USA 30-year returns top 10% as investors gorge on yields

Bloomberg Treasury 30-year bond returns pushed past 10 percent for 2016 as the U.S. prepares to sell $15 billion of the securities on Thursday. The long bonds yield 2.60 percent, more than any other benchmark maturity in the U.S., the U.K., Germany or Japan. Thirty-year debt is leading a rally in Treasuries as traders push back bets for when the ...

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