Bloomberg If Jason Daw is right, some of the world’s biggest investors are setting themselves up for a major disappointment. The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class. He said the modest rally in currencies since September, led by Brazil’s …

Bloomberg The worst thing you can call a cryptocurrency project isn’t a “scam” — although many have been called that. It’s a “security.” By casting digital assets in with stocks and bonds, the more stringent rules governing those traditional asset classes will be applied to cryptos. For proof of what that can mean for the nascent market, look no further …

Bloomberg Canada’s biggest banks suffered the worst decline in bond trading revenue since 2011 as volatility pushed investors to the sidelines. Revenue from trading fixed income, currencies and commodities fell 8.1 percent to C$6.32 billion ($4.72 billion) at the six large Canadian lenders in the latest fiscal year, a further erosion from the 6.1 percent decline in 2017, according to …