Shares, bond yields perch at six-week highs
World shares climbed to a six-week high alongside benchmark government bond yields on Friday, as markets cheered signs of progress in U.S.-China trade talks and another powerful slug of stimulus from the European Central Bank.
Asia shares at six-week high on trade progress, ECB easing
Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown.
Japan Post Bank admits improper sales to elderly clients, discovers 19,500 cases
Japan Post Bank Co Ltd said on Friday it had improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group before a planned share sale.
Record low rates deliver competitive advantages to Australia’s biggest banks: regulator
Australia’s banking watchdog on Friday said record-low interest rates are likely to benefit the country’s “Big Four” lenders over their smaller counterparts due to their better capital position and access to cheaper funds.
Asian shares advance on U.S.-China trade progress, ECB easing
Asian stocks advanced on Friday as hints of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped counter worries about a global economic slowdown.
White House moving forward to strip California of vehicle authority: sources
The Trump administration is moving forward with a plan to revoke California’s authority to set its own vehicle greenhouse gas standards and declare that states are pre-empted from setting their own vehicle rules, three people briefed on the matter said…
WeWork considering curbing Neumann’s voting power to save IPO: source
WeWork owner The We Company’s executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday.
Asian shares advance on U.S.-China trade hopes, ECB stimulus
Asian stocks advanced on Friday as hints of progress in the U.S.-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global economic slowdown.
Trump says he will unveil ‘middle-income’ tax plan in 2020
U.S. President Donald Trump said on Thursday his administration would unveil a tax overhaul plan aimed at middle-income households next year, amid the 2020 presidential election.
U.S.-China trade war risks driving Fed policy, not Trump’s carping: economists
The U.S.-China trade war will worsen or at best stay the same over the coming year, according to economists in a Reuters poll who expect the Federal Reserve to cut interest rates next week for the second meeting in a row.
