The UK Parliament seized control of the Brexit process from Prime Minister Theresa May and will now seek to decide how Britain exits the European Union (EU). What will follow is anyone’s guess, but it is likely to include voting on the largest range of options for leaving the EU that lawmakers have formally considered. One of those options is ...

So far this year, the market has looked like late 2018, but in reverse. The stocks that did poorly late last year, like video streaming service Netflix Inc. and energy company Hess Corp., have done well in early 2019, and vice versa. Overall, the S&P 500 Index has climbed nearly 13 percent this year. Dan Suzuki, a portfolio strategist at ...

The world is wealthier now than it’s ever been — but only on paper. Much of this prosperity may prove illusory as a global shift towards less liquid investments undermines the basis of valuation. Private equity, infrastructure and private credit have become a bigger share of investment portfolios, making mark-to-market values increasingly uncertain. The standard method of valuing assets assumes ...

Bloomberg As Sweden gets to grips with the money laundering scandal battering its oldest bank, questions are being asked about the impartiality of those overseeing the case. Swedbank AB reportedly handled more than $10 billion in suspicious flows tied to the Danske Bank A/S Estonian laundering scandal. The case became public knowledge only this year, but according to Swedish media ...

Bloomberg Euro-area banks will know by June how generous the terms of the European Central Bank’s new loans are going to be, according to Governing Council member Olli Rehn. Policy makers have yet to pass judgment on the severity of the current slowdown that prompted that measure, the Finnish central bank governor told Bloomberg in an interview. They are determined ...

Bloomberg Citigroup Inc. faces a 133 million yen ($1.2 million) fine for allegedly manipulating prices in the Japanese government bond futures market, its latest regulatory setback in Asia. Japan’s securities watchdog said Citigroup placed orders in October for JGB futures contracts at the Osaka Exchange without intending to execute them, a practice known as spoofing. The Securities and Exchange Surveillance ...

Bloomberg UBS Group AG has named Patrick Tsang as head of telecommunications, media and technology investment banking for Asia Pacific, according to people with knowledge of the matter. Tsang, a Hong Kong-based managing director for the Swiss bank, is replacing Randy Gelber, who is leaving to pursue other opportunities, the people said, asking not to be identified because the matter ...

Bloomberg A Japanese lender has this year bought the lion’s share of top-rated bonds that are backed by pools of European corporate loans, propping up the region’s market for collateralised debt obligations amid a very difficult first quarter. Norinchukin Bank, starved of yields thanks to Japan’s negative interest rates, is expected to keep buying AAA-rated tranches in Europe until at ...

Bloomberg Airbus SE secured a $35 billion jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a blow to Boeing Co as it grapples with the grounding of its best-selling jet. The mammoth order consists of 290 A320-series narrow-body planes and 10 A350 wide-bodies, Toulouse-based Airbus said after the transaction was announced ...

Bloomberg Cathay Pacific Airways Ltd agreed to buy Hong Kong’s only budget carrier to expand into the no-frills market, the South China Morning Post said, citing sources familiar with the matter. An announcement on the acquisition of Hong Kong Express Airways Ltd was expected to be made on Tuesday, the report said, adding that the sources didn’t elaborate on details ...