Emerging-market stocks rebounded and Russia’s Micex Index rallied the most since May 2010 as President Vladimir Putin signaled a de-escalation of the crisis with Ukraine. The ruble climbed from a record low.
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth straight drop in first- quarter trading, a period of the year when the largest investment banks typically earn the most from that business.
Goldman Sachs Group Inc. predicts Russia will contain losses in the ruble as policy makers pledge to curb volatility after ratcheting up interest rates and selling billions of dollars in the currency market yesterday.
Du Ronghai received an urgent phone call from his private banker at Industrial & Commercial Bank of China Ltd. about an investment opportunity promising a 10 percent annual return. Only for the privileged few, he was told.
Emerging-market stocks fell the most in a month as Russia’s threat to invade Ukraine spurred the worst selloff in the Micex Index since 2008 and sent the ruble tumbling even as the central bank raised interest rates.