Bloomberg Stocks in Europe edged higher on Monday along with US equity-index futures, with volumes subdued as investors count down to the holiday break. Ten-year Treasuries and the dollar were steady. Healthcare stocks led the modest advance on the Stoxx Europe 600 index after Friday’s record-high close. Contracts on the S&P 500 climbed after the underlying index logged its biggest ...

Bloomberg China’s benchmark stock gauge suffered its first drop of more than 1% in six weeks after a state-backed fund said it would reduce its stakes in some tech companies. The Shanghai Composite Index closed down 1.4% on Monday, its biggest decline since November 11. The CSI 300 Index slumped 1.3%, its fourth consecutive retreat, with technology-related shares leading the ...

Bloomberg India stocks struggled for direction on Monday as investors weigh the potential impact of continued nationwide protests, after a week in which the benchmark index closed at a record high four times. The S&P BSE Sensex fell 0.1% to 41,642.66 at the 3:30 p.m. close in Mumbai. The NSE Nifty 50 Index also dropped 0.1%. Equity investors have until ...

Bloomberg Credit Suisse Group AG blamed Pierre-Olivier Bouee for a second spying scandal that’s shaken the bank, again painting the former chief operating officer (COO) as a rogue operative who kept chief executive officer Tidjane Thiam in the dark about his activities. Bouee — once a close confidante of Thiam — used a contractor to spy on former human resources ...

Bloomberg China’s central bank has joined the global conversation on managing the risks of climate change, saying it’ll study the impact on the financial sector and regulatory framework. A warming climate is a “major factor” that could cause changes to economic and financial systems, and global central banks should stay ahead of the curve to respond to possible impacts, Chen ...

Bloomberg The bounce in India’s rupee that’s made it the top performer among major Asian economies is failing to win over traders. The currency has risen about 1% in the past month after falling by as much 1.2% in October and November. Traders say the fillip provided by a one-off corporate inflow of about $6 billion in recent weeks and ...

Bloomberg Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital India Ltd. is one of the latest caught up in the nation’s shadow banking crisis, which has deepened as lenders already ...

Bloomberg ECB Governing Council member Klaas Knot said conventional wisdom about inflation is outdated. The European Central Bank has to investigate “thoroughly” which factors nowadays determine output prices, rather than double down on its stimulus measures, the Dutch central bank president said in an interview with De Volkskrant. While wages are rising, the costs for business “are not translating into ...

Bloomberg The Thai baht’s heady gains are petering out, thanks to slowing growth and a central bank that’s bent on taming the currency’s strength. After clocking an 8% rise this year, Asia’s best-performing currency is losing momentum as easing US-China trade tensions damp its appeal as a haven. Falling yields on local bonds and equity outflows are adding to the ...

Bloomberg US utilities are on a record borrowing spree this year, selling more than $90 billion in bonds for the first time ever. The surge in debt from NextEra Energy Inc, Duke Energy Inc and other power giants comes as interest rates are at historic lows, leaving investors hungry for the safe and relatively strong returns offered by utility bonds. ...