Wednesday , May 23 2018

Banking

Goldman Sachs, Aberdeen picking up bargains from emerging markets selloff

Bloomberg A stronger dollar, rising US yields and geopolitical tensions have sent plenty of investors bolting from emerging markets. Then there’s Aberdeen Standard Investments and Goldman Sachs Asset Management. Aberdeen Standard Investments, which oversees about $770 billion, took advantage of the recent selloff to increase its holding in the Russian ...

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Wall Street calls time out on US dollar’s big resurgence

Bloomberg The US dollar’s resurgence is running on fumes. A short squeeze that sparked the greenback’s fastest rise in 18 months has fizzled out, according to Wall Street strategists, who warn of mounting bearish conditions for the currency: paltry domestic inflation, economic resilience overseas and the potential escalation of trade ...

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Nigeria inflation eases for 15th month, expanding rate-cut room

Bloomberg Nigerian inflation eased for the 15th straight month in April, moving closer to the central bank’s target and expanding room for monetary-policy makers to consider trimming their key interest rate. Consumer-price growth in Africa’s most populous nation slowed to 12.5 percent from a year earlier compared with 13.3 percent ...

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