Yen slips, yuan ascends after Washington drops China FX manipulator label
The yen plumbed an eight-month low while the yuan climbed to its highest level since July on Tuesday, after the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
U.S. Treasury drops China currency manipulator label ahead of trade deal signing
The U.S. Treasury Department on Monday dropped its designation of China as a currency manipulator days before top officials of the world’s two largest economies were due to sign a preliminary trade agreement to ease an 18-month-old tariff war.
Visa to pay $5.3 billion to buy fintech startup Plaid
Visa Inc said on Monday it agreed to buy privately held software startup Plaid Inc in a $5.3 billion deal that will boost the payments giant’s access to the booming financial technology space.
U.S. Treasury removes designation of China as currency manipulator
The U.S. Treasury Department on Monday said China should no longer be designated a currency manipulator in a long-delayed semi-annual currency report, reversing its August finding, which had roiled financial markets.
Visa to buy fintech startup Plaid in $5.3 billion deal
Visa Inc has agreed to buy privately held financial technology startup Plaid Inc in a $5.3 billion deal, the payments processor said on Monday.
Renault chairman says alliance with Nissan ‘robust’: L’Echo
The alliance between the French carmaker Renault and its Japanese partner Nissan Motor is “solid, robust, everything but dead,” the chairman of Renault, Jean-Philippe Senard, told Belgian newspaper L’Echo.
U.S. gave Britain new evidence of ‘madness’ of using Huawei in 5G network: report
U.S. government officials presented the British government with new evidence on Monday about the risks of including Huawei [HWT.UL] equipment in future 5G mobile networks, branding it “madness”, the Guardian newspaper reported.
Fed’s Bostic: ‘High bar’ to any rate hike given need to raise inflation
There is a “high bar” to the U.S. Federal Reserve raising interest rates given the need to raise inflation and guard against any drop in inflation expectations, Atlanta Fed president Raphael Bostic said on Monday.
Fed on hold, but will financial risks matter?
U.S. Federal Reserve officials may be in broad agreement that interest rates are unlikely to change soon, but they differed Monday on how concerned they are about developing financial risks in assessing when a rate hike might be appropriate.
U.S. rejects Avenatti claim that ‘document dump’ justifies Nike trial delay
U.S. prosecutors on Monday rejected Michael Avenatti’s claim that they overwhelmed him with large amounts of material for the Jan. 21 trial accusing the celebrity lawyer of trying to extort Nike Inc, and that the material should be excluded or the tria…
