Former Bank of England policy maker Michael Saunders said the prospects of an interest rate cut in June are dead for now but that markets are probably under-pricing the chances of a reductions later in the year. from Bloomberg Markets https://ift.tt/pPr2CAd
Chinese stocks fell and were on course for a weekly underperformance relative to developing-nation peers as investors bet a rally in the $9.3 trillion market has run its course and stronger stimulus is needed to catalyze further gains. from Bloomberg Markets https://ift.tt/1wDNI5U
The US Justice Department, joined by a group of states, will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales. The dispute will seek remedies including breaking up Live Nation. Alex Webb reports on Bloomberg Television. from Bloomberg Markets https://ift.tt/5eCG8uj
The trade spat with China over electric vehicles should serve as a clarion call for Europe to be less complacent, Ferrari NV Chief Executive Officer Benedetto Vigna said. from Bloomberg Markets https://ift.tt/4DnAc9Y
Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. from Bloomberg Markets https://ift.tt/L8ZpyCQ
HSBC Holdings Plc was fined £6.3 million ($8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship — a penalty that adds to the £185 million that the bank has already paid out in compensation. from Bloomberg Markets https://ift.tt/OIEHZdF
In a market that’s captured the attention of global finance for allegedly making $1 billion for Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. from Bloomberg Markets https://ift.tt/LSR5cXe
A shadow fleet oil tanker transporting Russian crude had an engine failure as it was passing through Turkey’s Dardanelles shipping strait, forcing a temporary blockage to maritime traffic. from Bloomberg Markets https://ift.tt/pDGe1qX
The Kenya National Highways Authority signed a $3.6 billion agreement with Everstrong Capital LLC to build an expressway linking the nation’s two largest cities, one of several investment deals expected to be announced during President William Ruto’s US visit. from Bloomberg Markets https://ift.tt/0SqbteR
US Treasury Secretary Janet Yellen criticized Israel for saying it will hold back revenues collected on behalf of the Palestinian Authority, and warned it against cutting Palestinian lenders off from their Israeli correspondent banks. from Bloomberg Markets https://ift.tt/b1nlkIi