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Up 3,000%: The tail risk funds that mastered coronavirus market mayhem

By Svea Herbst-Bayliss and Lawrence Delevingne (Reuters) – Boaz Weinstein was waiting for this. The New York hedge fund manager, seasoned by past financial crises and spooked by seemingly endless quarters of ever-higher markets, had for years set up for financial calamity, even if it meant sometimes poor returns. When panic over the coronavirus spread […]

IMF sees medium-term risks to global economy; more easing not the answer

WASHINGTON (Reuters) – The International Monetary Fund on Tuesday urged policymakers to keep a close eye on financial vulnerabilities such as rising debt levels that could pose medium-term risks to the global economy and said further monetary easing was not the answer. The global lender’s most recent economic outlook forecasts a slight rebound of global […]

In Dealing With China, U.S. and Europe Take Different Tacks

WASHINGTON — In Southern California, House Speaker Kevin McCarthy promised President Tsai Ing-wen of Taiwan that the American government would support the de facto independent island against constant threats from China. In Beijing, President Emmanuel Macron of France and Ursula von der Leyen, the head of the European Commission, urged President Xi Jinping to get […]