Bloomberg Treasury 10-year yields may drop to 1.75 percent by year-end if the US-China trade war goes full throttle, says Western Asset Management. Yields may keep falling even though they have already tumbled to about 2.10 percent from a seven-year high of 3.26 percent set in October, according to portfolio manager Mark Lindbloom. The trigger: a cocktail of lower inflation, ...

Bloomberg Kier Group Plc plans to cut 1,200 jobs, exit businesses and suspend dividends as the British engineering company struggles to rein in debts piled up during a rapid expansion. Chief Executive Officer Andrew Davies is pulling Kier out of homebuilding and property maintenance to focus on construction of other buildings and infrastructure such as roads and railways. The job ...

As Secretary of State Mike Pompeo accused Iran of “unprovoked attacks” near the Strait of Hormuz, video screens behind him showed thick black smoke billowing from the two tankers that were struck on June 13. It was the dramatic imagery that sometimes precedes armed conflict. Pompeo didn’t offer hard evidence, and Iran denied the attacks. The US response in escalating ...