Facebook’s Libra seeks Swiss payment system license
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight.
California Senate passes bill to tighten ‘gig’ worker rule
The California State Senate voted on Tuesday to pass a bill that would make it much more difficult for gig economy companies like Uber Technologies Inc and Lyft Inc to classify workers as independent contractors rather than employees.
China exempts 16 types of U.S. goods from additional tariffs
China on Wednesday moved to exempt 16 types of U.S. products from additional retaliatory tariffs, including whey and fish meal, which are fed to animals, and some lubricants, according to a statement from the Ministry of Finance.
Tepid reaction for Apple’s new iPhones in China amid tough competition
A lower price tag and new features may not be enough for Apple Inc to win customers for its newly-launched iPhone 11 series in China, the world’s largest smartphone market that is already crowded with cheaper and feature-packed rival handsets.
U.S. corporate bond, IPO markets heat up as recession fears persist
Corporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut.
In a fracturing world, central banks still stuck together
The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.
U.S. firms sour on their future in China as trade war bites: AmCham
The China-U.S. trade war is souring the profit and investment outlook for U.S. companies operating in the world’s second-biggest economy, a survey by a prominent American business association showed.
Rising bond yields support value stocks ahead of central bank meetings
Bond yields climbed and stock markets held firm on Wednesday, as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted buying of out-of-favor value stocks before key central bank meetings.
Bond yields, stock prices supported ahead of central bank meetings
Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
Bond yields, stock prices supported ahead of central bank meetings
Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings.
