Here's the latest for Friday August 18th: Kofi Annan has died at age 80; Thousands are stranded amid Kerala floods; Italy's leader demands safe roads as bridge toll rises to 43; Anti-Brexit video game paints dark vision of future Britain. (Aug. 18)
Aug.17 -- Convertible debt has emerged as a rare bright spot in the beleaguered fixed-income market this year, boosted by a rallying share market and rising interest rates. The combination has triggered the fastest pace of new sales in a decade, led by technology companies. Raymond James' Kevin Giddis, Nomura's George Goncalves, and Aberdeen Standard Investments' Luke Hickmore discuss with Bloomberg's Jonathan Ferro.
Italy's firebrand interior minister is threatening to return to Libya 177 migrants who have been aboard an Italian coast guard ship for days following another standoff with Malta
Aug.17 -- Turkey's currency crisis, trade fears and other geopolitical tensions sent European banks, EM equities and copper to bear territory this week. But the U.S. remained unscathed. U.S. equity bulls shrugged off a slew of market routs elsewhere to see no end to the SPX's decoupling impulse. Raymond James' Kevin Giddis, Nomura's George Goncalves, and Aberdeen Standard Investments' Luke Hickmore debate the outlook for U.S. exceptionalism.
Aug.17 -- Google Chief Executive Officer Sundar Pichai told employees at a meeting that plans to re-enter China with a search engine are “exploratory” and in “early stages". Bloomberg's Alistair Barr has more on "Bloomberg Technology."
Italian firefighters on Saturday released drone footage showing emergency efforts to secure the area around the highway bridge in Genoa that collapsed on Tuesday. (Aug. 18)
Cyprus police say an Egyptian man who three years ago hijacked a domestic EgyptAir flight and ordered it to land on the Mediterranean island has been extradited to his homeland