Rising interest rates pose new risk for banks: BIS

LONDON (Reuters) - Rising interest rates after years of loose monetary policy will pose a fresh risk to banks' ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday.

Qatar's F1 Bid "Is Like Buying The Restaurant If It Won't Give You A Table."

Qatar’s sovereign wealth fund is bidding for a controlling stake in Formula One auto racing after getting the red light to host a race according to a senior sports manager who has likened the move to a guest buying a restaurant when it refuses to give him a table.

US economy shrank at annual pace of 0.2% in first quarter

The US economy contracted at an annual rate of 0.2% in the first quarter of the year after being hit by bad weather, spending cuts among energy firms and the strong dollar.

The bond market is bracing for the worst and loading up on cash

The Federal Reserve has signalled that, barring some unexpected economic shock, interest rates will most likely rise this year. And that's causing unease for fixed income investors.

U.S. investors to keep eye on Greece as crisis worsens

U.S. investors are expected to keep an eye on the Greek debt drama next week amid reports that Greece’s coffers are so depleted that its banks may not have enough money to open for business on Monday.

Exclusive: Qatar's secretive sovereign fund to restructure, say sources

DUBAI (Reuters) - Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows.

Markets on inflation watch after Fed

Now that the Fed has spoken, traders are looking to Thursday's CPI inflation data for clues as to its next move.

London, Paris, Tokyo Property Lure More Taiwan Funds, CBRE Says

Taiwanese life insurers seeking higher returns may purchase more properties in London, Paris and Tokyo to increase their total real estate assets by $9 billion in four years, according to CBRE Group Inc.

Swiss Find Goldilocks Formula in House Market Case Study

When it comes to the housing market, the Swiss might be achieving what Goldilocks wanted in a porridge: getting it just right. Unable to raise interest rates for fear of pushing up the franc, authorities tackled a residential property boom with regulatory measures aimed at reining in exuberance.

Greece's latest attempt to reach deal with creditors collapses

Last-ditch talks aimed at breaking the impasse between Athens and its international creditors have collapsed in acrimony with European Union officials dismissing Greece’s latest reform package as incomplete in a step that pushes the country closer to leaving the eurozone.

Academics attack George Osborne budget surplus proposal

George Osborne’s plan to enshrine permanent budget surpluses in law is a political gimmick that ignores “basic economics”, a group of academic economists has warned.

Bonds Selloff Extends in Australia to Japan Amid Signs of Growth

Australian and Japanese government bonds dropped, sending benchmark yields in both countries to the highest this year, on signs of economic improvement.

Asian Stocks Drop Seventh Day on Fed Concern; China Shares Fall

Asian stocks fell, with the regional benchmark heading for its longest losing streak since September, as investors weighed the outlook for U.S. interest rates and Chinese shares retreated from a seven-year high.

China Entry to MSCI Poses Risks for Investors Seeking Diversity

The inclusion of China’s mainland stocks in MSCI Inc.’s developing-nation index would further boost the dominance of Asia in the widely followed benchmark and create a risk of lopsided exposure for investors.

Britain prepares to review bank tax to stop potential exodus - report

LONDON (Reuters) - Britain is prepared to review a tax on banks to head off the threat that large multinational banks like HSBC could leave London's financial centre and shift their operations overseas, the Sunday Times reported, citing industry sources.

Tsipras to Address Lawmakers After Stakes Raised in Showdown

Greek Prime Minister Alexis Tsipras is preparing to address lawmakers after raising the stakes in his country’s showdown with creditors by rejecting demands for more austerity and opting for a deferral of IMF payments.

China is hoarding cheap oil in a fleet of supertankers

As Middle East oil producers drive prices lower and make life difficult for the U.S. fracking industry, one clear winner is emerging: China The world's second-largest economy become the top oil importer in April. The key reason? China is taking advantage of cheap oil to boost its strategic reserves.

Treasuries Remain Lower as U.S. Job Gains in May Meet Forecast

Treasuries remained lower after a private report showed the U.S. jobs gains in May met economist forecasts, amid speculation the Federal Reserve is more data-dependent than ever in its quest to raise interest rates.

Abu Dhabi fund ADIA manages more of its billions in-house

DUBAI, June 2 (Reuters) - Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, managed more of its money in-house last year as it strengthened its capabilities and added staff in some areas, ADIA said on Tuesday.

ROUBINI: A market 'time bomb' is raising the risk of a dramatic collapse

Nouriel Roubini, one of the few prominent economists credited with predicting the 2008 financial crisis, thinks more trouble could be just around the corner.