A growing number of closed-end funds are trading at prices above the value of their assets, a market distortion that could subject holders to sharp declines should interest rates pick up. ‘We are advising people not to buy,’ said one fund chief.
The computerized attack that left more than 1,200 websites unreachable on Friday stemmed from efforts, years earlier, by players of online games to frustrate and slow their opponents, security experts say.
Investors and policy makers—not to mention U.S. voters—will get their first view of U.S. third-quarter economic growth this week, while European countries also release GDP data and ECB officials discuss monetary policy.
Brazilian state oil company Petrobras agreed to settle lawsuits from Pimco and three other investors who alleged they were harmed by a corruption scheme that funneled billions of dollars from the company.