Like a lot of hedge funds, Principal Global Investors’ Macro Currency Group uses computer-driven models to devise trading strategies. What sets it apart is that its machines only make calls once a year.
Outbreaks of the meningitis B disease in the U.S., along with the social-media frenzy that followed the death of a British toddler, have helped propel sales of GlaxoSmithKline Plc’s vaccine well past initial projections for its use.
After failed efforts to secure credit and tide over a cash shortage, Hanjin Shipping Co. applied for court protection on Wednesday. The fall of South Korea’s biggest container shipping line has spurred a rally in the shares of rival Hyundai Merchant Marine Co.
Hong Kong’s insurance sales to Chinese residents more than doubled in the second quarter to a record even as China’s regulators took further steps to limit purchases of the products, which can serve as a way to sidestep the nation’s capital controls.