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Bloomberg It’s been 18 months since the Federal Reserve’s first post-crisis increase in interest rates. Four hikes in, investors in the $14 trillion Treasuries market are laughing all the way to the bank. The 10-year yield ended last week at 2.15 percent, after touching the lowest levels of 2017 as weaker-than-forecast inflation data stoked speculation that the Fed was erring ...

Bloomberg Fears that a selloff in technology stocks would spur a deeper rift in equities were assuaged as the S&P 500 Index ended the week little changed, despite continued weakness in some of market’s biggest winners. The Nasdaq 100 fell 1.1 percent, bringing its two-week drop to 3.4 percent, the worst slide of that length since November. The culprit was ...

Bloomberg Zhou Xiaochuan is breaking stride with Janet Yellen. The People’s Bank of China (PBOC) Governor refrained from following the Federal Reserve in raising borrowing costs, a switch from March when the central bank increased money-market costs hours after its US counterpart tightened. The shift suggests Zhou sees more autonomy to address domestic challenges, with the yuan holding stable and ...

Bloomberg UBS Group AG and Credit Suisse Group AG are “on track” to meet Switzerland’s tougher capital rules for the two systemically important banks after improving their capacity to absorb losses, Swiss National Bank (SNB) said. UBS and Credit Suisse already fully comply with going-concern requirements in terms of risk-weighted assets but still have to improve their loss-absorbing capacity as ...

Bloomberg HSBC Holdings Plc’s investment bank chief Samir Assaf said a hard Brexit is now unlikely after the UK election, and that could mean more jobs staying in London. A softer Brexit would be “very good news for us, because it will be less hassle and we would be able to do much more things from London,” Assaf said at ...

Bloomberg Despite half a decade of negative interest rates, Denmark’s banks are making more money than ever before. But the central bank in Copenhagen now says the industry is at risk of missing several warning signs that may be pointing toward another crisis, especially should interest rates suddenly rise. “There is every reason to watch out for speed blindness,” the ...

Bloomberg Japan’s biggest bank is set to undergo the most dramatic reduction in headcount since it was formed after the nation’s banking crisis shook the industry almost 20 years ago. Mitsubishi UFJ Financial Group Inc. is considering eliminating about 10,000 positions — about 7 percent of its workforce — over a decade as low interest rates and intensifying competition squeeze ...

Bloomberg Malaysia Airlines Bhd. has held discussions with Airbus SE about the purchase of A330neo wide-body jets but has so far been unable to agree a price for the planes. The carrier is also seeking clarity regarding other aspects of the transaction, including delivery schedules, Chief Executive Officer Peter Bellew said in an interview. There’s no likelihood of an order ...

Bloomberg Wal-Mart Stores Inc. announced its long-awaited acquisition of online clothing seller Bonobos Inc., just in time to have Amazon.com Inc. steal the spotlight with its own deal. Wal-Mart will pay $310 million in cash for the apparel upstart, which focuses on fitted clothing for men. Andy Dunn, Bonobos’s founder and chief executive officer, will continue to oversee the brand ...

Bloomberg Ryanair Holdings Plc is evaluating ordering bigger versions of Boeing Co.’s 737 single-aisle workhorse in a move aimed at boosting capacity on its longest routes, which could put additional pressure on rivals. Europe’s largest discount airline is examining the business case for both the 737 Max 9 and Max 10, Chief Marketing Officer Kenny Jacobs said in an interview ...