Europe Unseats U.S. as Best Place to Invest in Bloomberg Poll

Europe gets the nod as the best place to invest for the first time since at least 2009 in a Bloomberg survey of financial professionals, unseating the U.S. Thirty-five percent of those surveyed in the Bloomberg Markets Global Poll said the euro zone would be among the one or two markets offering investors the best opportunities over the next 12 months. It was the first time that Europe came out on top since the survey of traders, analysts,...

Asian Stocks Outside Japan Drop From Seven-Year High Before Fed

Asian shares outside Japan declined from a seven-year high as investors weighed company profits and awaited the outcome of a two-day Federal Reserve policy meeting. Wynn Macau Ltd. slumped 7.6 percent in Hong Kong after the casino operator’s earnings missed analyst estimates as China’s anti-corruption campaign curbed gaming revenue. Anhui Conch Cement Co. slid 3.6 percent after the mainland’s largest cement maker’s first-quarter net...

Airbus A380 Haunted by Feeble Orders Marks Decade in Skies

At the tender age of 10, the Airbus A380 is already entering a mid-life crisis. The double-decker aircraft has failed to win a single order from any new airline customer for two years now, and senior management was forced to come to the airliner’s defense in December after the planemaker’s parent introduced the possibility of axing the A380 outright. As the mid point of the year approaches, the plane has yet again drawn a blank on deals. It’s...

China Is Set to Lose Manufacturing Crown

The cheap, young labor and strategic location of Myanmar, Cambodia and Laos are set to draw increasing numbers of manufacturers to Southeast Asia, which will eventually displace China for the title of "world's factory.'' The transformation will be part of the rise of the Association of Southeast Asian Nations to become the "third pillar'' of regional growth after China and India, ANZ Bank economists led by Glenn Maguire reckon....

Gundlach Weighs 100-Times Levered Bet Against German Bonds

DoubleLine Capital’s Jeffrey Gundlach said he’s considering making an amplified bet against German bonds to join a growing group of top money managers wagering against the debt after some yields turned negative. “Let’s say you leverage up the German two-year 100 times, that’s a 20 percent return,” Gundlach said in a Bloomberg Television interview with Erik Schatzker on Tuesday at the Milken Institute Global Conference in Beverly Hills,...

US Dollar down ahead Fed policy Decision

The dollar softened in Asia Wednesday on expectations that the US Federal Reserve will delay an interest rate hike following fresh data pointing to slowing growth in the world's biggest economy, analysts said. The greenback fell to 118.83 yen in mid-morning trade from 118.88 yen in New York and sharply lower than the 119.10 yen earlier Tuesday in Asia. And while the euro edged down to $1.0969 and $130.33 from...