Weaker buck
The dollar weakened in Asian trading against all its major peers and US index futures jumped more than 1 percent as Larry Summers withdrew from consideration as the next Federal Reserve chairman. Crude fell after the US and Russia agreed on a plan to eliminate Syria’s chemical weapons.
Debt heads
The Chinese government, faced with a chorus of warnings that the economy is choking on bad debts, is pushing banks to raise private capital in an effort to head off the need for a second government bailout in as many decades.
Lippo-wer
Lippo Group, an Asian investor of commercial property and banks founded by Indonesian tycoon Mochtar Riady, is seeking real estate acquisitions in the US, encouraged by signs of recovery in the world’s biggest economy.
Rout flout
Subdued inflation expectations are helping to prevent this year’s selloff in government bonds from deepening into a rout comparable to that seen in 1994, the Bank for International Settlements said. Yields on government securities are still low by historical standards.