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  • Aug 29, 2024

Tourist Haven Maldives Under Markets Pressure as Debt Slumps

(Bloomberg) -- Fitch Ratings downgraded the island nation of Maldives on Thursday, citing an increased risk of default, even as bond investors continued to dump the country’s debt that’s already totted up the worst monthly performance in emerging markets. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Livi

  • Aug 29, 2024

With AI Story Intact and Rate Cuts Imminent, Markets Turn Higher

(Bloomberg) -- Nvidia Corp.’s earnings report was impressive by virtually any metric — except its own recent history. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunThat was enough to send markets into an overnight tizzy, but calmer h

  • Aug 29, 2024

China Life Profit Rises as Market Lifts Investment Returns

(Bloomberg) -- China Life Insurance Co., the nation’s largest life insurer by market share, said profit rose 11% in the first half as an improving stock market boosted investment returns. Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and Su

  • Aug 29, 2024

Analysis-Sterling's stunning rally keeps twitchy currency markets on edge

Sterling has hit roughly 2-1/2 years highs against the dollar and is flying high versus the euro, in moves analysts warn are underpinned by speculative interest rate bets that could unravel fast in markets still shaken by early August turmoil. At around $1.32, Britain's pound has soared beyond most analysts' target prices for this year. It's a stunning recovery from its slump to record lows near $1.03 after former UK prime minister Liz Truss' September 2022 mini-Budget.

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