Final call for the emerging market carry trade?

Emerging markets currencies took it on the chin Monday as commodity prices and China’s devaluation continued to wreak havoc around the world, with one analyst telling that the selling would only intensify. The Russian rouble was around 1 percent lower against the dollar and managed to hit a six-month low, before regaining some ground. TheTurkish […]

Commodities bounce, stocks tank as China weakens currency again

After a second day in a row of currency-related turmoil thanks to the Chinese central bank, risk-off was definitely the order of the day as stocks sold off and investors rushed into safe haven government bonds along with gold. Equities around the world headed south on Wednesday, with stocks in both Asia and Europe both […]

China strengthens hold over oil market as price-maker

l David McNew | Getty Images China’s growing ability to buy and sell millions of barrels of crude oil on the Asian physical market in a matter of minutes through its main trading firms has given China so much clout that other traders are often forced to follow its agreed prices. Leading Chinese oil traders […]

‘Stay the course’ on media, biotech sell-off, trader says

Last week, the sudden and swift decline in both media and biotech stocks had traders pressing the sell button. The Dow Jones Industrial Average had seven straight losing sessions, the longest streak since October. Overall, approximately $45 billion worth of market value was lost last week among major media companies. The biggest losers were marquee […]

Oil settles at $45.15 a barrel, hits fresh 5-month low

Oil prices fell to a fresh March low on Wednesday after a surge in U.S. gasoline stockpiles as the summer season, the country’s biggest demand period for motor fuels, nears its end. U.S. crude for September delivery closed down 59 cents, at $45.15 a barrel—its lowest since March 19. September Brent crude futures were flat […]

Boeing loses satellite deal on trade credit woes: sources

Getty Images A Boeing 747-8 Intercontinental airliner Boeing is scrambling to find alternate financing for a satellite contract worth “several hundred million dollars” that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday. ABS, based […]

Got growth? Investors shun titans of buybacks

The titans of tech buybacks have not been cutting it this earnings season. Apple and Microsoft fell on their earnings reports, while more growth-oriented tech companies that don’t lean on share repurchases, like Google and Netflix, have surged. To some, that divergence serves as yet another sign that investor predilections are changing. “I think growth […]