Regulatory investigations of alleged currency-market collusion are probably contributing to a slump in volatility in major foreign-exchange markets, according to Steven Barrow, Standard Bank Plc’s head of Group-of-10 research.
Hong Kong’s Securities and Futures Commission said it will consult the public on proposed legislation to restrict retail investors from having access to “dark pools” and enhance disclosure requirements.
Canadian stocks rose, with the benchmark index near a three-year high, as banks rallied on better-than-forecast earnings and U.S. Federal Reserve Chair Janet Yellen said stimulus cuts could slow if growth weakens.
UBS AG, trying to reprise its success in limiting fines in a probe of interest-rate rigging, is seeking immunity in the U.S. and European Union as part of the global investigation of currency markets, two people with knowledge of the case said.
Hans Humes, New York-based chief executive of Greylock Capital Management LLC, says “markets are looking for indications” that Ukrainian bonds will “get backstopped.” Greylock talks with Bloomberg’s Tom Keene and Scarlet Fu on Bloomberg Radio’s "Bloomberg Surveillance."
The difference between yields on two- and 10-year Treasuries narrowed for the first time in three weeks as investors questioned the pace of the economic expansion after reports showed harsh weather weighed on U.S. growth.
Treasuries dropped for a second day amid bets that weaker-than-forecast economic data this week resulted from harsh winter weather and won’t keep the Federal Reserve from reducing bond purchases further.
Stephen Case, chairman and chief executive officer of Revolution LLC, says you can build a “significant” food company around healthy trends if you have a differentiated product. Case and SweetGreen co-founder Nicholas Jammet talk with Bloomberg’s Tom Keene, Alix Steel and Adam Johnson on Bloomberg Radio’s "Bloomberg Surveillance."
Two weeks ago, Victoria Nuland, the top U.S. diplomat for Europe, apologized for using a profanity in an intercepted phone call as she faulted the European Union for not moving fast enough to address the crisis in Ukraine.