Defiant Harvard Hunts New Model to Keep Diversity After Defeat
It was meant to be a week of celebration for Harvard University.
Bloomberg Business
China Pilots Steps to Lure Foreign Firms to Free-Trade Zones
China rolled out a number of measures to open up its free-trade zones as state leaders go on a charm offensive to woo foreign investors.
China Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser Says
China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents a new kind of risk to the global economy, according to Brad Setser.
Deutsche Bank’s Troublesome CDS Is ‘Very Liquid,’ Traders Say
Traders in credit default swaps have been in the cross-hairs of regulators ever since a single CDS bet was blamed for sparking a one-day rout in Deutsche Bank AG’s shares back in March.
Foreigners Flock to Snap Up 18.75% Yield on India Low-Grade Bond
Bonds issued by Indian companies saw their biggest foreign inflow in five years as the nation’s largest ever low-grade local currency debt sale drew a slew of overseas investors attracted by the high yield on offer.
Apollo’s Rare Emissions Disclosure Offers Clue to CO2 Challenge
Carbon footprint data obtained from portfolio companies can be inconsistent, incomplete and out of date.
Pakistan Wins Initial Nod for $3 Billion IMF Bailout Deal
Pakistan clinched an initial approval from the International Monetary Fund for a $3 billion loan program, lowering the risk of a sovereign default. The nation’s dollar bonds rallied.
JPMorgan Team Ditches Bullish Treasuries View on US Data
JPMorgan Chase & Co. has ditched a bullish tactical view on Treasuries after a series of US economic data releases came in stronger than expected.
Goldman Asia FX Trading Executive Yu Leaving for Hedge Fund
A managing director on Goldman Sachs Group Inc.’s Asia currencies trading desk, Jaewon Yu, is leaving the US bank after two decades, according to people familiar with the matter.
China’s PBOC Sticks With Yuan Support as Currency Losses Deepen
China took steps to slow a decline in the yuan for a fourth time this week, as its weakness intensified on souring sentiment toward the world’s second-largest economy.
