Malaysia’s biggest pension fund sold about 331 million ringgit ($110 million) of shares in the country’s benchmark index as Prime Minister Najib Razak’s election victory sparked the largest rally since 2008.
Unilever Plc’s offer to pay 600 rupees a share to raise its stake in Hindustan Unilever Ltd. isn’t high enough to spur an “obvious” sell decision for existing stockholders, said Aberdeen Asset Management Plc.
Short sellers in Brazil, whose favorite targets tumbled five times faster than MSCI Inc.’s country stock index this year, are boosting bearish wagers to a record after valuations rose to the highest levels since 2008.
JPMorgan Chase & Co. advised reducing Russian stock holdings as OAO Gazprom’s proposed dividend cut, falling oil prices and “policy stasis” in President Vladimir Putin’s government overshadow low valuations.
Commodities, stocks and bonds are sending conflicting signals on the health of the global economy, an “impossible trinity” that may end with a surge in market volatility, according to Bank of America Corp.
Robert Bales, the U.S. soldier suspected of shooting Afghan civilians, started selling community-bank stocks in 1996 as a 23-year-old driving a Chevy Cavalier. That may have been the peak of his financial career.