Markets

China is an opportunity for investment: Ray Dalio

Bridgewater Associates founder Ray Dalio argues low interest rates and monetary policy makes owning cash a bad investment, investors should be diversified across different countries and that he is a globalist when it comes to China and is therefore not concerned with China’s domestic policies.

Global fiscal expansion not on horizon: UBS chairman

UBS chairman Axel Weber argues the U.S. will experience growth under 2 percent in the beginning of the year due to headwinds caused by residual trade uncertainty, that the Federal Reserve has little room to maneuver in the event of downturn and that countries have to focus on structural policies at the World Economic Forum in Davos.