Bloomberg Hong Kong stocks slumped and the yuan weakened to an 11-year low as concern over the US-China trade war spurred risk-off sentiment. The Hang Seng Index closed down 1.9 percentin Hong Kong, after falling as much as 3.6 percent. Meat producer WH Group Ltd, AAC Technologies Holdings Inc and Cnooc Ltd were among the worst performers. The yuan slid ...

Bloomberg Most Germans live by the credo that saving is a virtue, but the European Central Bank’s (ECB) negative interest rates risk making a mockery of the national obsession, prompting politicians to seek ways to insulate thrifty citizens and keep the burden on the country’s beleaguered banks. Finance Minister Olaf Scholz says he’ll look into whether it’s possible to prevent ...

Bloomberg Never before have interest rates in the world’s biggest covered-bond market been this low. And rarely has investor demand for the debt been so high. Pacific Investment Management Co. (Pimco) is among investors embracing Danish mortgage-backed covered bonds, even as negative interest rates mean investors face built-in losses on some bonds. Data provided by Danske Bank show issuers are ...