China’s Steps to Cool Bond Rally Sap Demand for Wealth Products

Inflows into wealth-management products slid 90% in August State banks seen selling long-dated debt to cool rally Signs that Chinese officials are pushing back on the record-breaking bond rally are deterring at least one group of investors that have been a key driver...

Brazil’s Economic Activity Posts First Monthly Drop Since March

Central bank seen lifting rates by quarter-point next week Economic activity fell 0.4% on month in July; est. was -0.7% Brazil’s economic activity fell less than expected in July, snapping a series of gains as central bankers are expected to mull the start of a cycle...

An 86-Year-Old Investor Warns Peers on Value-Stock Betrayal

Jim Cullen stays disciplined while peers chase growth trades Money manager has endured market cycles over six-decade career Jim Cullen knows the urge. Embattled cheap-stock managers sense their careers are under siege, ignore their mandate — and grab a few expensive...

China Bond Yields Sink to Record Low With Intervention in Focus

State banks were seen selling long-dated bonds to cool rally Inflows into bonds will continue given weak economy: analyst China’s bond traders defied signs of intervention to push sovereign yields to a record low, setting the stage for a showdown with authorities...

Leveraged ETFs With Record $117 Billion Blamed for Volatility

Such funds may be exerting a bigger influence on broad market Rebalancing flows have grown bigger as volatility returns After weeks of stomach-churning volatility, Wall Street pundits are blaming a burgeoning leveraged investment strategy for exacerbating stock-market...

China’s Attempt to Boost Demand Is Stifled by Wall of Austerity

Beijing shifts emphasis from infrastructure with consumer aid But local officials are tightening belts due to budget crunch Finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, breaking with long-established practice as threats to...

VW Chairman Says EU Must Do More to Help Ailing Car Industry

Carmaker is mulling first-ever German factory closures VW’s Pötsch sees talks with unions lasting to end-2024 Volkswagen AG Chairman Hans Dieter Pötsch urged the European Union to alter its emissions targets and provide clarity to the car industry as the automaker...

Oil Steadies While US Stockpile Gain Adds to Oversupply Worries

Benchmark Brent has collapsed by about a fifth this quarter API reports US crude, gasoline inventories fell last week Oil steadied after a plunge to the lowest prices in more than a year, while an unexpected increase in US crude stockpiles added to concerns about an...

US Online Grocery Prices Plunge the Most on Record in August

US consumers may finally be getting some relief from their grocery bills — especially if they shop for food online. Data by Adobe Inc. shows that online grocery prices fell 3.7% in August from a month earlier, the largest decline since the firm began tracking the...