President Barack Obama offered his respect today to a pope who has excited Catholics and non- Catholics alike and refocused the world’s largest religious institution on the issues of poverty and inequality that the president has set as themes of his second term.
John-Paul Smith, the Deutsche Bank AG strategist who’s been writing about the dangers of buying state-owned Chinese stocks since 2010, says private companies are now a bigger risk to investors as valuations surge.
Russian equities in New York fell to the lowest since 2012 as President Barack Obama called Russia’s incursion into Crimea a violation of international law and asked President Vladimir Putin to change course.
Global stocks tumbled the most since June, as the biggest drop in emerging markets in two months prompted investors to seek havens in Treasuries, German bunds and yen. Natural gas reached a three-year high.