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Chinese naval base in Solomons a ‘red line’, says Australia

Bloomberg Australia Prime Minister Scott Morrison said a Chinese military base in the Solomon Islands would be a “red line” for his government, while fellow US ally Japan became the latest to dispatch an envoy to the country over the issue. Morrison is attempting to deflect criticism he did not move quickly enough to avoid a security agreement between Honiara ...

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Macron gets second chance to convince France

Bloomberg Emmanuel Macron won another crack at convincing the French public that his pro-business, pro-European vision can work for them, after beating nationalist rival Marine Le Pen in the election. While voters rallied around to give the 44-year-old centrist a second term, many backed him to keep Le Pen out rather than because of their enthusiasm for his project. His ...

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BofA strategists see US equity outflows just getting started

  Bloomberg Massive outflows from US equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp (BofA) strategists. In the week through April 20, investors pulled $19.6 billion from US large caps, the largest exit since February 2018, the strategists wrote in a note, citing EPFR Global data. The ...

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