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Brexit clock fails to faze ‘pound traders’

Sterling predicted to drop after yes campaign gains ground

Bloomberg Pound traders appear undaunted by the lack of Brexit clarity even with just days left for Britain to officially leave the European Union. The UK currency was up on Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there’s little panic even as the April 12 exit date draws closer. Investors are increasingly ...

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US-China deal closer; more talks to follow, says Kudlow

Lead trade china us copy

Bloomberg President Donald Trump’s top economic adviser says the US and China are “closer and closer” to a trade deal, and that top-tier officials would be talking again this week via “a lot of teleconferencing.” Larry Kudlow’s “guarded optimism, maybe more than guarded optimism” on CBS’s “Face the Nation” came after China’s state-run Xinhua news agency reported that progress was ...

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China’s Gree Electric parent company plans $6.4 billion stake sale

Bloomberg The parent company of Gree Electric Appliances Inc is considering selling almost all of its stake in the Zhuhai-based Chinese appliance giant in a deal that could be worth up to $6.4 billion. A 15 percent stake will be sold at a price no less than the average stock price of the last 30 trading days, Gree Electric said ...

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