On January 20, 1841, after delivering a series of military defeats to Imperial China in the First Opium War, British forces landed in Hong Kong and took control of the island. Hong Kong was hugely important for the British economy because it ensured access to the Chinese market. And they went to war multiple times […]

Sep.04 — Valentin Marinov, head of G-10 FX research and strategy at Credit Agricole, discusses the outlook for the pound after U.K. Prime Minister Boris Johnson lost his parliamentary majority and a general election looms amid a deepening Brexit turmoil. Marinov speaks on “Bloomberg Daybreak: Europe.”

Back in November, billionaire Steve Cohen predicted a bear market was approaching. The time frame he gave during an interview with the Financial Times (FT) was for it to come in 18 months. Did his prediction come early? Cohen’s remarks were spoken to the FT as his new hedge fund Point72 raised $5 billion since […]