Bloomberg Global markets have arrived at an inflection point, with the dollar’s fate poised to determine whether the extreme divergence in equities continues, according to Oxford Economics. “There is a fork in the road,” writes Gaurav Saroliya, director of global macro strategy. The shop is positioning for a weaker greenback, a development that researchers there say would allow non-US equities ...

Bloomberg China’s ever-growing money market funds pose an increasing problem for the nation’s central bank as policy makers attempt to boost the flow of credit to cushion an economic slowdown. While the funds have offered savers a handy alternative to risky stocks and once high-flying wealth management products, they’re effectively raising borrowing costs. That’s because, with some 8.6 trillion yuan ...

Bloomberg Dena Bank surged the most in 10 years after India’s government announced a plan to combine the state-owned lender with two peers including Bank of Baroda to strengthen the debt-laden banking system. The stock jumped by the 20 percent limit to 19.1 rupees in Mumbai, while Bank of Baroda slumped as much as 14 percent amid concern the merger ...