Since taking office in 1999, Hugo Chavez has spread his socialist revolution in Venezuela by seizing more than 1,000 companies. For bondholders that stuck by him, he’s also delivered returns that are double the emerging- market average.
Egypt’s bonds gained for the first time in six days and credit risk fell the most on record on speculation that the government will honor its debt payments even as protesters demand President Hosni Mubarak resign.
Sept. 11 (Bloomberg) -- Cumberland Advisors' David Kotok and OppenheimerFunds' Sara Zervos speak with Bloomberg's Matt Miller about the concerns that keep them up at night as investors. They speak on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)
U.S. stocks retreated, sending the Standard & Poor’s 500 Index to the longest losing streak since February 2009, as raw-material and financial shares slumped amid growing concern the economy is slowing.