The Yankees are coming! U.S. firms rush to euro debt markets
From Harley Davidson to Colgate-Palmolive, U.S. companies are flocking to borrow in euros and their record issuance is breathing life into a market where yields have been hammered by the European Central Bank’s renewed stimulus push.
Bank of Italy ready to account for Popolare di Bari supervision: Visco to press
The Bank of Italy “positively” fulfilled its supervision duties and is ready to account for its actions on failing lender Banca Popolare di Bari, Governor Ignazio Visco told Corriere della Sera daily in an interview published on Monday.
Roche enters $1.15 billion licensing deal for Sarepta gene therapy
Roche entered into a $1.15 billion licensing agreement with Sarepta Therapeutics to obtain the right to launch and commercialize Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD) outside the United States.
After Ethiopia crash, victims’ relatives say they were hounded by U.S. law firms
Days after the March 10 crash of a Kenya-bound Ethiopian Airlines’ Boeing jet that killed all 157 people on board, strangers began calling or visiting bereaved families, saying they represented U.S. law firms.
Repo is Wall Street’s big year-end worry. Why?
The $2.2 trillion repurchase agreement market – part of the inner workings of the U.S. financial system – is facing what could be another strain as the year comes to a close. That could have wider implications than just Wall Street.
Asian shares near 18-month high, bask in trade deal afterglow
Asian markets idled near 18-month highs on Monday as trading volumes weakened ahead of the Christmas holiday break, with investors taking profit on gains made earlier this month.
BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources
U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management joint venture in China, said people with direct knowledge of the matter.
China’s industrial output to grow around 5.6% year-on-year in 2019: ministry
China’s industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said on Monday.
Oil declines, but losses limited as U.S.-China near trade deal
Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, with President Donald Trump saying an agreement would be signed “very shortly”.
Tesco suspends Chinese supplier after suspected prisoner message
(This Dec 22 story corrects part of factory’s name to Zhejiang from Zheijiang in paragraph 8.)
