Financial Times
Wall Street bank preparing to hand out equity awards from five-year scheme to senior leaders
Bloomberg Markets
Bank of England Governor Andrew Bailey warned that governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks. "Fiscal policy can operate as a countercyclical tool of policy," Bailey said at an event in Turkey. "But if the negative shocks come at higher frequency, and underlying growth in the economy is lower, countercyclical policy becomes very difficult to follow successfully." (Source: TCMB Istanbul Economic Foru
Financial Times
A purchase of nearly $39bn market-value burrito chain would rank as largest restaurant acquisition of all time
MarketWatch
“The birth-rate crisis is really an affordability crisis.”
Bloomberg Markets
RBC Global Asset Management says it will vote against the breakup and sale of Canada’s H&R Real Estate Investment Trust, adding to opposition on a deal that would give Blackstone Inc. a collection of industrial properties in Canada.
Bloomberg Markets
Goldman Sachs executives including CEO David Solomon and President John Waldron are set to take in a special bonus. Equity awards could top $500 million based on the current share price. Solomon could get $100 million alone. Bloomberg's Sridhar Natarajan reports. (Source: Bloomberg)
Bloomberg Markets
PepsiCo lowered its profit outlook as the snack and beverage company faces higher costs in North America that are weighing on margins. Ken Shea of Bloomberg Intelligence has more. (Source: Bloomberg)
Bloomberg Markets
A sudden selloff of French bonds has stirred memories of the sovereign debt crisis that cascaded across Europe between 2009 and 2015. Attention is now turning to how the European Central Bank might respond.
Bloomberg Markets
Morgan Stanley Investment Management’s Vishal Khanduja, a top-performing bond investor, is turning bullish on US debt for the first time in a decade, with yields at two-decade highs serving as a check on economic growth.
Bloomberg Markets
The owner of Market Financial Solutions Ltd. is facing a growing barrage of lawsuits as creditors try to recover about £2.3 billion ($3 billion) of loans they had extended to the UK property company that collapsed amid allegations of widespread fraud.
Bloomberg Markets
Valcambi SA, one of the world’s largest gold refiners, plans to open a new plant in Hong Kong, bolstering the city’s push to become a global bullion hub.
Bloomberg Markets
Rick Rieder, CIO of global fixed income at BlackRock, says the front end of the yield curve is “still very attractive,” and discusses the state of the US economy and why he is positioned for a hawkish Federal Reserve. (Source: Bloomberg)
Bloomberg Markets
Initial jobless claims in the US eased by 2,000 to 197,000 in the week ending October 3. This is the fourth straight week claims have been below 200,000. Bloomberg's Michael McKee reports. (Source: Bloomberg)
MarketWatch
There’s an agent arms race unfolding, supercharging the battle for your wallet
NY Times Business
French bond investors are demanding sharply higher interest rates, a cautionary development for other high-debt countries.
Bloomberg Markets
French Finance Minister Roland Lescure said the bond market is working properly and that France doesn’t need a “hand of god” intervention after the premium investors demand to hold its debt soared in recent weeks.
Bloomberg Markets
Rick Rieder, CIO of global fixed income at BlackRock, points to the front end of the yield curve “to keep your volatility down, keep your income high.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
MarketWatch
Rapid weight loss can lead to issues with bone quality, particularly in older adults.
Bloomberg Markets
Some European countries work fewer hours but does that mean they're less productive?
Economist Dominik Leusder joins Joe Weisenthal and Tracy Alloway on the Odd Lots podcast to talk about how research suggests that fewer hours worked actually lead to an increase in productivity. (Source: Bloomberg)
NY Times Business
Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.