Chinese funds are seeking new capital sources in the Middle East and other markets, managers say, in a shift that could reshape investment flows as diplomatic tensions and other risks drive many U.S. investors out of the country.
Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a third of the world’s crude.
Beijing Hyundai Motor has cut the minimum asking price for its auto plant in the southwestern Chinese city of Chongqing by almost 30% to 2.58 billion yuan ($353.38 million) after putting it up for sale in August.
The Bank of Japan could raise its 1% hard cap set for long-term interest rates as its next policy move if the 10-year bond yield threatens to breach that level, Columbia University academic Takatoshi Ito told Reuters in an interview.
Exxon Mobil is in advanced talks to acquire Pioneer Natural Resources in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.
Bill Gross said stocks are "clearly overvalued," despite the recent market swoon. The former PIMCO CIO doubts Fed will be able to lower short-term rates any time soon. Instead of bonds and stocks, Gross said the "best bet" is arbitrage in M&A activity.
Oil rallied an average of 28% last quarter, jumping to a 2023 high in September, as OPEC+ output cuts and further supply restraints from Saudi Arabia and Russia created a deficit in the market.
Conditions are deteriorating across all corners of the corporate credit market amid growing concern over the prospect of interest rates staying elevated for an extended period.
Japan’s top finance officials kept investors guessing Wednesday by declining to confirm whether Tokyo stepped into markets to prop up the yen amid speculation of a fresh round of intervention.
Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target.
Oil fell for a fourth day as macroeconomic concerns overshadowed physical market tightness to cloud the demand outlook.
The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low.
Treasuries began the week on the back foot after a US government shutdown was averted, eliminating a point of uncertainty for traders and returning their focus to the path ahead for interest rates.
Inflation in Tokyo slowed more than expected in September, offering support for the Bank of Japan’s view that prices are set to cool further, and thus ultra-easy policy needs to stay in place.
Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets.
