Waning ECB stimulus bets push bond yields higher
Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy this week and rising hopes that Berlin could loosen its purse strings.
Asian stocks weaken as China’s factory-gate prices fall sharply
Most Asian stocks swung lower on Tuesday, weighed by Chinese markets after mainland factory-gate prices shrank at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down.
‘Bad things could happen’: Turning to tech to tame the crypto jungle
“Hi guys, could you please show me a firm bid for 100 bitcoin?” a seller texts on Skype.
Car makers near CO2 cliff-edge in electrification race
Time is running out for European car makers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply.
Asian stocks mostly weaker on steep Chinese factory price declines
Most Asian stocks swung lower on Tuesday, weighed by Chinese markets after data showed mainland factory prices shrinking at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down.
SoftBank urges WeWork to shelve IPO over valuation concerns: FT
SoftBank Group , a leading shareholder in the holding company of U.S. office-sharing startup WeWork, has urged it to shelve a planned IPO on concerns over the valuation, the Financial Times reported on Monday.
Judge lets Facebook privacy class action proceed, calls company’s views ‘so wrong’
A federal judge on Monday ordered Facebook Inc to face most of a nationwide lawsuit seeking damages for letting third parties such as Cambridge Analytica access users’ private data, calling the social media company’s views on privacy “so wrong.”
Huawei drops lawsuit against U.S. over seized equipment: court filing
China’s Huawei Technologies Co Ltd has dropped a lawsuit against the U.S. government after Washington released telecommunications equipment it had seized on suspicion of violations of export controls, according to a court filing on Monday.
Bond prices dip on German spending plan as stocks await ECB
Bond prices edged lower on Tuesday after German bund yields hit a one-month high following a report by Reuters that Germany is considering a “shadow budget” to allow the government to circumvent its strict national debt rules.
U.S. House panel to review DOJ automaker antitrust probe
The U.S. House Judiciary Committee plans to hold hearings and seek documents into the Justice Department’s decision to open an antitrust investigation into four major automakers’ voluntary agreement with California to adopt compromise vehicle emissions…
