Bond Rally Built on Inflation Euphoria Faces UK Reality Check
A global bond rally ignited by signs that inflation in the world’s largest economy is finally slowing once again faces a reality check this week.
A global bond rally ignited by signs that inflation in the world’s largest economy is finally slowing once again faces a reality check this week.
Impala Platinum Holdings Ltd. announced a 9 billion rand ($500 million) deal that will result in Black investors holding a 13% interest in the South African mining company and the Bafokeng business it acquired last year.
Thailand’s economy grew better-than-expected in the first quarter, fueled by tourism and private consumption, easing urgency on the central bank to respond to the government’s calls for lower borrowing costs. The baht rose.
One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks.
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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