The euro, the second best-performing major currency this year, has increased so much that it will weigh on economic growth in the euro region going into 2014, according to Nomura Holdings Inc.’s Jens Nordvig.
In the biggest expansion of economic freedoms since at least the 1990s, China’s leaders vowed to expand farmers’ land rights, loosen the one-child policy and encourage private investment in state businesses.
British businessman Victor Dahdaleh paid about 40 million pounds ($64 million) in bribes to the former chairman and chief executive officer of Bahrain’s state- owned aluminum producer, a prosecutor said.
U.S. stocks fell, after the Standard & Poor’s 500 Index rose to a third straight record, as investors assessed economic data and earnings before the Federal Reserve’s decision on whether to cut monetary stimulus.
Financial-market participants will focus on any changes in the Federal Reserve’s assessment of the economy when policy makers conclude today’s meeting, according to Pacific Investment Management Co.’s Mohamed El-Erian.
The dollar rose from an eight-month low amid speculation a government report tomorrow will show U.S. employment rose more than forecast, weakening the case for the Federal Reserve to put off reducing stimulus.
Sept. 14 (Bloomberg) -- Economics Editor Michael McKee breaks down the Retail Control Number and how it will effect the economy after Ben Bernanke's decision yesterday. He speaks on Bloomberg Television's "In the Loop." (Source: Bloomberg)
William Bernstein, money manager and "The Investor's Manifesto" author, says you cannot pick stocks as an individual investor. Bernstein talks with Bloomberg's Tom Keene and Michael McKee on Bloomberg Radio's "Bloomberg Surveillance."