Hong Kong is being threatened by a “Tsunami-like” cataclysm, the city’s finance chief has warned, as the new coronavirus devastates businesses already hobbled by months of anti-government protests. The financial hub’s lack of a bankruptcy process will only exacerbate the pain.
Michael Bloomberg’s offer to lift three non-disclosure agreements and other steps taken in recent days are meant to move beyond his widely panned debate performance, a little more than week before he’ll be on the ballot in more than a dozen states on Super Tuesday.
Emerging-market bonds are on fire but there there’s a worrying subtext to the rally.
An interest-rate cut may be back in play for the Bank of Israel as its policies appear increasingly in flux.
Warren Buffett sought to justify the importance of his $248 billion stock portfolio, saying the investments are more than just “dalliances” with the companies he takes stakes in.
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