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Bloomberg US Supreme Court decision preventing thousands of migrants from claiming asylum at the border threatens families as safety and health deteriorate for a suddenly immobile population, say immigration lawyers and activists. The travellers, many with small children, are now rushing to find housing, food and medical care as they’re stuck in dangerous Mexican border cities for far longer than ...

Bloomberg Goldman Sachs Group Inc is throwing everything but the kitchen sink at boosting its share of the $4 trillion US market for exchange-traded funds — even mimicking one of its Wall Street foes. The bank is adopting an approach pioneered by JPMorgan Chase & Co, filing for a line of broad-based index products that could start trading at rock-bottom ...

Bloomberg Vietnam’s central bank cut interest rates for the first time in more than two years to bolster the economy amid rising global risks. The benchmark refinance rate will be lowered to 6 percent from 6.25 percent from September 16, the State Bank of Vietnam (SBV) said on its website. The discount rate and overnight lending rate in the inter-bank market ...

Bloomberg Deutsche Bank AG will benefit the most by far from the European Central Bank’s new tiered deposit rate, JPMorgan Chase & Co analysts led by Kian Abouhossein said. Germany’s largest lender stands to save roughly 200 million euros ($222 million) in annual interest payments thanks to a new rule that exempts a big chunk of the money it holds ...

Bloomberg A further cut to negative Swiss interest rates could have the undesired effect of strengthening the franc as foreign investors pile into the country’s outperforming stock market to reap superior returns over bonds, former Swiss National Bank Chief Economist Kurt Schiltknecht wrote in daily Neue Zuercher Zeitung. “These investment opportunities don’t go unnoticed by foreign investors and often result ...

Bloomberg Singapore’s Hong Leong Finance Ltd sees the country’s plan to issue virtual banking licenses as an opportunity to find new customers and re-invent itself as a tech-savvy lender to the nation’s new businesses. The firm, founded in 1961, has been in talks with financial-technology companies about a joint application for one of the licenses, according to President Ang Tang ...

As we move into the fall, there’s one overriding foreign-policy priority for America: Find a strategy to deal with a rising China that protects US interests but doesn’t subvert the global economy. China is the challenge of our time, and risks of getting it wrong are enormous. Huawei, the Shenzen-based communications powerhouse, argues in a slick new YouTube video that ...

The scrutiny of giant technology companies and the inevitable anxiety that follows are now so commonplace that they have become rote. Once terms like “techlash” become household words, it’s easy to become numb. The attorneys general of 48 US states, the District of Columbia and Puerto Rico announced an antitrust probe into Google parent firm Alphabet. For those in need ...

The new Italian government coalition of the Democratic Party and the Five Star Movement has been gifted a golden opportunity. The sharp drop in its sovereign bond yields means it can get ahead of its borrowing requirements for this year. Italian yields have fallen to record lows recently as investors have welcomed an administration that’s somewhat less antagonistic to the ...

If the ultimate goal of lower interest rates is to spark economic activity through demand for loans, then the Federal Reserve’s first cut in more than a decade can be deemed a failure. After the central bank lowered its target rate for overnight loans between banks on July 31 to a range of 2% to 2.25%, demand for credit among ...