It may be the trickiest job to fill in central banking. And as the Federal Reserve Bank of New York search committee casts a wide net to find a replacement for its outgoing president, William Dudley, the wish list is getting long. Interviews with 10 members of the Fed's advisory boards, which the committee
See Original Article

There are at least two risks driving companies and banks to the market. The first is a debt wall of about $60 billion of syndicated loans and bonds due in 2018, according to data compiled by Bloomberg. The other is the threat of rising interest rates in the Gulf, where central banks typically follow monetary
See Original Article

The 1,400 acres of snowy farmland being churned into thick black mud by grumbling trucks and house-high red harvesters could be a picture of rural prosperity. Instead, the early winter scene about 250 miles west of Kiev illustrates Ukraine's failure to drag its most historically significant industry into the
See Original Article

One year ago, India's bond market was riding a wave of unprecedented liquidity. Now it's mired in all kinds of doubts, ending 2017 weaker than Chinese sovereign debt when the opposite outcome would have been more natural. After all, India saw a ratings upgrade by Moody's Investors Service during
See Original Article

As Bloomberg Intelligence economist Abhishek Gupta has noted, Indian banks' extra inventory of government bonds — beyond what the central bank requires them to hold — is approaching $200 billion. That's almost as high as in December 2016, when households were forced to park their savings with
See Original Article