Most Clicked CFA Institute Financial NewsBrief Stories

1. Production drop signals possible end of U.S. shale oil boom

CFA Institute Financial NewsBrief | Apr 14, 2015

Oil production from U.S. shale is likely to post its first monthly decline in more than four years in May, the U.S. Energy Information Administration said. Many companies are cutting production in response to weak oil prices. Bloomberg (13 Apr.) Fortune (13 Apr.) (13 Apr.)

2. Which of the following skills will be most important to investment professionals in 10 years?

CFA Institute Financial NewsBrief | Apr 14, 2015

3. World's biggest oil-field-services firm to cut workforce

CFA Institute Financial NewsBrief | Apr 17, 2015

Schlumberger said it will lay off 11,000 workers, in addition to 9,000 cuts announced in January, leaving it with 15% less employees than it had in the third quarter. Energy producers are expected to slash $114 billion in spending this year in response to plummeting oil prices. Bloomberg (16 Apr.) American City Business Journals (16 Apr.)

4. Chinese GDP expanded 7% in Q1

CFA Institute Financial NewsBrief | Apr 15, 2015

China's economic growth declined to an annualized rate of 7% in the first quarter, compared with 7.3% in Q4, raising pressure on the government to add stimulus. Q1's figure is the lowest rate in six years, the National Bureau of Statistics said. Bloomberg (14 Apr.) (China) (15 Apr.) Reuters (15 Apr.)

5. PBOC lowers reserve-requirement ratio for banks

CFA Institute Financial NewsBrief | Apr 20, 2015

The People's Bank of China says reducing the reserve-requirement ratio for banks will "further enhance the ability of financial institutions to support restructuring." In the first quarter, expansion of gross domestic product cooled to 7%. (19 Apr.) (China) (19 Apr.)

6. Treasurer of Brazilian president's party arrested

CFA Institute Financial NewsBrief | Apr 16, 2015

Brazilian police investigating corruption in government-run oil company Petroleo Brasileiro arrested Joao Vaccari Neto, treasurer of President Dilma Rousseff's Workers' Party. Authorities are investigating accusations that the company made illegal payments to big construction companies, which passed some of the money on to political parties. Folha de S.Paulo (Brazil) (English online version) (15 Apr.) Los Angeles Times (tiered subscription model) (15 Apr.)

7. Corporate-bond platform Bondcube debuts in U.S., Europe

CFA Institute Financial NewsBrief | Apr 15, 2015

Bondcube has launched in Europe and the U.S., and CEO Paul Reynolds says it has already had to add bandwidth. The corporate-bond trading platform, 30% owned by Deutsche Boerse, uses an equities-type trading model, rather than the request-for-quote method typical in bond markets. Reuters (14 Apr.) Bloomberg (14 Apr.)

8. Central clearing in repo markets set to open

CFA Institute Financial NewsBrief | Apr 14, 2015

Centralized trade-clearing systems for the $2 trillion-a-day borrowing and lending markets are ready to launch by financial institutions. The intent is to reduce risk in wholesale funding. Bloomberg (13 Apr.)

9. Japan emerges as leading foreign holder of U.S. Treasurys

CFA Institute Financial NewsBrief | Apr 16, 2015

In February, Japan's holdings of U.S. Treasurys overtook those of China for the first time since the global financial crisis. However, Japanese and Chinese holdings fell that month as Treasurys experienced a total outflow of $6.3 billion. Financial Times (tiered subscription model) (15 Apr.) Reuters (15 Apr.) Bloomberg (15 Apr.) Wall Street Journal (tiered subscription model), The (15 Apr.)

10. China sells U.S. Treasurys to prevent yuan from plunging

CFA Institute Financial NewsBrief | Apr 17, 2015

The People's Bank of China is selling U.S. Treasurys to raise dollars and buy yuan to head off a sharp drop of the latter currency. The yuan is under pressure because of China's economic slowdown and speculation that the Federal Reserve is closer to raising interest rates. Nikkei Asian Review (17 Apr.)