Europe's Refugee Crisis
Brazil’s October primary budget deficit was smaller than forecast by economists, as the government halts discretionary spending until Congress approves a revised budget target.
The Federal Reserve plans to vote Monday on giving up the lending tools it used to rescue American International Group Inc. and Bear Stearns Cos. during the financial crisis after U.S. lawmakers restricted the central bank’s power to prop up failing firms.
CLSA Ltd., the Hong Kong-based brokerage owned by China’s Citic Securities Co., has set up a fixed-income, currencies and commodities desk in London for European clients seeking to invest in Asian products.
Brazilian stocks fell for a second day as analysts forecast a deeper contraction for Latin America’s biggest economy amid speculation a growing corruption probe will imperil the government’s efforts to shore up its budget.
Countries have submitted national emissions plans and targets to the UN in the run up to COP21 in Paris. Although emissions are the core component of these figures, many countries have also set out targets for the growth of renewable energy.
President Barack Obama told world leaders that the climate talks that opened Monday in Paris mark a turning point for collective action on global warming and stand as a rejection of the terrorists who struck the French capital a little more than two weeks ago.
India’s economy grew faster than estimated before central bank Governor Raghuram Rajan reviews interest rates on Tuesday for a final time this year.
Emirates Telecommunications Group Co. surged to a 10-year high, adding to investor concern it’s overvalued as it prepares to join MSCI Inc.’s emerging-markets index.
The rally in sugar, the best-performing commodity this quarter, is fading as Indian millers rush to export at higher prices.
The lira jumped the most in emerging markets as prospects for renewed talks on Turkey’s membership in the European Union bolstered investor confidence undermined by the stand-off last week over a downed Russian jet. Government bonds advanced a second day.
Kenya is ready to take action to protect the economy from potential market turmoil when the U.S. begins raising interest rates, having built up enough buffers to prepare for the event, central bank Governor Patrick Njoroge said. While a rate increase in the U.S. has largely been priced in by financial markets, policy makers in East Africa’s largest economy will draw down reserves, adjust interest rates and tighten liquidity if there’s a currency shock, Njoroge said in an interview with Bloomberg in Cape Town.
Two weeks of United Nations climate talks begin and so far, 177 of the 195 participating nations have submitted pledges to address climate change. Progress over the past year or more - alongside a growing conviction that strong action has to be taken - has left observers optimistic the deal that eluded negotiators in Copenhagen in 2009 can be completed today. However, markets appear to not be as excited, instead focusing attention to key central bank events this week. The European Central Bank is widely expected to increase stimulus on Thursday. Key events in the U.S. include Friday's jobs report and Federal Reserve Chair Janet Yellen's appearance before Congress on Thursday.
Bloomberg's Caroline Hyde and Tom Keene report on the United Nations negotiations for a global agreement on climate change in Paris. They speak on "Bloomberg ‹GO›." (Source: Bloomberg)
Retailers have extended their sales offerings beyond Black Friday in a bid to capture a larger slice of consumers' dollars during the holiday shopping season. Bloomberg's Shannon Pettypiece and Carl Riccadonna examine how shoppers took to this year's Black Friday offerings. They speak on "Bloomberg ‹GO›." (Source: Bloomberg)
On "Morning Must Read," Tom Keene recaps the op-ed pieces and analyst notes that provide insight into today's headlines. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)