Bloomberg Business -Stocks tumble: Stocks in Europe have tumbled to their lowest since 2014 this morning with the Stoxx 600 down 2.2 percent at 10:55 a.m. London time, heading for its sixth day of declines. The MSCI Emerging Markets Index fell 0.5 percent overnight in Asia amid light trading as the Chinese Lunar Holiday begins,....
Bloomberg Business -Pfizer/Allergan merger terminated: Pfizer Inc. has decided to end its $160 billion merger with Allergan Plc, according to a person familiar with the matter. The cancellation comes after the Treasury Department unveiled new rules to combat tax inversions. The cancellation of the deal, which was to be the the largest ever in the....
Bloomberg Business -Stocks: Energy producers and banks led the rebound in the Stoxx Europe 600 Index, up 1.3 percent, the most this month on a closing basis, at 8:41 a.m. in New York. BP Plc and Royal Dutch Shell Plc rose more than 2.5 percent. Banca Popolare dell’Emilia Romagna SC, Banca Monte dei Paschi di....
Bloomberg Business -Stocks rise, bonds fall: The MSCI Asia Pacific Index gained 0.9 percent overnight, with Japan’s Topix jumping 1.5 percent as the yen weakened. Equities in Europe were slightly higher, with the Stoxx 600 Index gaining 0.1 percent at 10:18 a.m. London time after falling as much as 0.7 percent earlier in the session.....
Bloomberg Business -China GDP: China’s gross domestic product rose 6.7 percent in the first quarter from a year earlier, in line with the median expectation of economists surveyed by Bloomberg. The People’s Bank of China also released data on credit growth in the economy in March with an expansion of aggregate financing to 2.34 trillion....
BBC News «Quebec City mosque shooting: Six killed, eight wounded» Six people have been killed and another eight wounded in a shooting at a mosque in Quebec City, Canada, police say. Shots were fired at the Quebec Islamic Cultural Centre on Sunday night, where more than 50 people had gathered for evening prayers. One suspect....
The Economist “Monetary metaphysics: China” If interest rates rise in an economic forest and no one hears a central-bank statement, do they still make a tightening sound? This is the metaphysical question of Chinese monetary policy these days. Last week the People’s Bank of China nudged up rates on a series of short-term liquidity tools....