Markets

Bank of England governor warns of ‘potential developing systemic issue’ regarding funds promising daily liquidity while investing in illiquid markets
Bank of England Governor Mark Carney on Wednesday said illiquid funds that allow savers to take money out at will were "built on a lie", in the latest criticism of British investment guru Neil Woodford's management of his suspended flagship fund.
Mark Carney told MPs today that big mismatches between the liquidity of a fund's assets and the liquidity they promise to investors 'is a big deal'.
Technology companies led stocks higher on Wall Street in early trading Wednesday amid fresh optimism among investors that the U.S. and China are making progress toward a deal to resolve...
WASHINGTON (AP) — President Donald Trump said Wednesday that he's under little pressure to reach a trade deal with China when he meets late this week with President Xi Jinping...