In today’s “QuickTake,” Bloomberg's Vonnie Quinn takes a look Iran’s economy and changing politics. She speaks on "Bloomberg Markets." (Source: Bloomberg)
With stocks and bonds in retreat amid anxiety over Beijing’s deleveraging campaign, officials have been guiding the yuan higher against the dollar in a move that’s caught market watchers by surprise.
The pound continued to trade near an eight-month high against the US dollar on Monday, as political uncertainty showed no signs of loosening its grip on the US currency. Late afternoon in London, sterling was trading just above $1.30, having cracked through that psychologically important mark for the first time since late September last week.
Clariant AG agreed to buy Huntsman Corp. in an all-stock deal valuing the U.S. company at about $6.4 billion, extending a record run in transactions in the global chemicals industry.
New Zealand’s top trade official said his country wouldn’t gain much from major changes to a Pacific trade pact, highlighting obstacles to finalizing the deal without the U.S. after Malaysia called for more negotiations.
It faces a stark ultimatum.
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