The pound rose to the highest level in more than four years against the dollar as Federal Reserve Chair Janet Yellen signaled the U.S. central bank will keep an accommodative monetary policy that has weakened the greenback.
Brazil’s swap rates climbed from a six-week low as the fastest inflation since July revived speculation that the central bank will keep raising benchmark borrowing costs even as the presidential election approaches.
Federal Reserve Chair Janet Yellen and her international counterparts are suffering from a case of what psychologists call confirmation bias: They keep insisting inflation will accelerate even as it continues to ebb.
China’s first default is prompting investors to discriminate against privately-owned companies, boosting demand for local government bonds even as the central bank warns of the dangers of a $2.9 trillion pile of debt.
Pescanova SA stakeholders held a second day of talks a week before the Spanish fishing company must agree on a debt restructuring or begin a process of liquidation, according to a person familiar with the matter.
Five lenders to Pescanova SA, the Spanish fishing company trying to avoid liquidation, made an alternative restructuring proposal to the firm’s administrator in case a shareholder plan doesn’t get backing.