Guggenheim Ties Sink Bonds of $135 Billion Insurer Sammons
Bonds of Sammons Financial Group fell to the lowest since they were issued in June after a report probed the life insurer’s connections to Mark Walter’s Guggenheim Partners.
Why this popular Treasury-bond ETF is trading at its lowest since 2004
One of the most heavily-traded ETFs tracking performance in the U.S. Treasury market has just fallen to its lowest level in over 20 years.
Gold Rises to Near $4,400 as Weak Retail Data Weighs on Dollar
Gold extended a two-week advance as weaker US retail sales data weighed on the US dollar, making bullion cheaper for most buyers.
India Rupee, Bonds in Focus as RBI to End FCNR Deposit Window Early
The end of the deposit plan could tighten banking system liquidity.
Xi Touts Party-Led Growth at Predecessor’s Birth Centenary
Chinese President Xi Jinping upheld former leader Jiang Zemin’s legacy of combining economic development with firm Communist Party rule, using the centenary of his predecessor’s birth to reinforce the political foundations of his own agenda.
Hong Kong Court Orders Unit of SDIC Commodities to Liquidate
A unit of China’s state-backed SDIC Commodities Co. was ordered to liquidate by a Hong Kong court, adding to the financial troubles for the metals trader as Beijing increases scrutiny on the sector.
Latest Oil Market News and Analysis for June 17
Oil rose as fresh fighting in Lebanon and attacks on vessels in the Strait of Hormuz muddied the outlook for a deal to end the US-Iran war.
‘Too Big to Ban’ WuXi AppTec Gains 100% on GLP-1 Chokehold
The Pentagon’s designation of WuXi AppTec Co. as a Chinese military company may have prompted some US clients to pull back, but investors are still piling into the stock betting the firm will remain central to the global supply of obesity, cancer and other drugs.
Trump Says He’s Curtailing Drills With South Korea
President Donald Trump said he told the Pentagon to “substantially reduce” joint military exercises with South Korea, citing the cost of the drills and the signal they send to North Korea. Bloomberg’s Jon Herskovitz breaks down the situation. (Corrects spelling mistake in reporter’s name.) (Source: Bloomberg)
Silver Traders Brave Red Tape to Capture Indian Premiums
Shipments of silver into India are picking up despite administrative hurdles, as traders seek to capitalize on attractive premiums after a new licensing regime disrupted imports.