Even before markets opened last week, President Donald Trump set the tone with a pair of tweets that threatened additional tariffs on China and lamented that a trade deal was coming along “too slowly.” Instinctively, investors’ eyes were glued to the S&P 500 Index, watching to see whether it would tumble from its recent record levels. The benchmark hung tough ...

Bloomberg All it took was two lunchtime tweets, sandwiched between posts complaining about the results of the Kentucky Derby and another gripe about “Angry Democrats,” for investors around the world to rip up their playbooks for 2019. What has replaced those playbooks now that US President Donald Trump has made good on his Twitter threats to boost tariffs on $200 ...

Bloomberg Bitcoin surged more than $1,000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month amid the New York attorney general’s investigation of a key part of the market. Bitcoin rose as much as 6.9 percent to $7,445, before trading at $7,323.86 in Hong Kong on Sunday, according to Bitstamp. All ...

Bloomberg A posse of Federal Reserve policy makers met with skepticism when they described ways to potentially improve their management of the economy. Participants at a Hoover Institution monetary conference questioned whether the central bankers have the will or the way to implement the fresh strategies they outlined, including average inflation targeting. The experts also voiced concern that the US ...

Bloomberg India’s biggest investors in shadow bank debt are getting cold feet, spelling more trouble for the hard-hit sector. Mutual fund investments in commercial paper and bonds that mature within 90 days dropped to 3.24 trillion rupees ($46.4 billion) at the end of March, the lowest in six quarters, data from the securities regulator show. The fallout from shock defaults ...

Bloomberg The Philippine central bank cut its benchmark interest rate and will consider easing the reserve ratio for lenders next week to boost economic growth from a four-year low. Bangko Sentral ng Pilipinas lowered the overnight borrowing rate by 25 basis points to 4.5%, the first reduction since an operational adjustment to the rate in 2016. The Philippines joins Malaysia ...

Bloomberg Brazil held its benchmark interest rate at a record low and signaled that a period of weaker-than-expected growth is still insufficient for reduced borrowing costs. The bank’s board, led by its President Roberto Campos Neto, voted unanimously to keep the Selic rate unchanged at 6.50 percent. The monetary authority has held borrowing costs steady for roughly a year. In ...

Bloomberg Danske Bank A/S is turning into a case study for European regulators, legislators and bankers to rethink fundamental assumptions about how the finance industry should operate. First up is the principle that bank clients should be protected by secrecy laws. The sheer scale of the Danske money-laundering scandal means those rules may now get a review. The financial regulator ...

Bloomberg The amount of money Boeing Co and its insurers will pay to the families of those who perished aboard two doomed jets will be dictated in part by one particularly grim calculation: How long did the victims know they were plunging to their deaths. That measure is just one part of an expanding legal fight to determine financial liability ...

Bloomberg Viva Air, the Latin American group of carriers owned by a founder of Ireland’s Ryanair Holdings Plc, has plans for a third airline in the region plus an initial public offering, to cash in on strong demand for discount air travel. The company aims to sell shares in New York within two years, Viva’s biggest shareholder, Declan Ryan, said ...