Bloomberg Business

Iran Says Prisoner Exchange With US to Happen Later Monday

Iran said it will exchange prisoners with the US on Monday, as part of deal Washington hopes will ease tension in the Middle East and could eventually lead to a resumption of talks to reverse Tehran’s nuclear work.

Carry Trade Mints 42% Profit and Sparks Push Into New Market

For currency speculators around the world, the trade has long been a no-brainer: simply borrow yen, which costs nothing because of sub-zero interest rates in Japan, and then park the money anywhere yields are higher, earning a tidy profit from the difference.

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