Exchange operator Cboe plans new data platform as profits rise
Cboe Global Markets Inc plans to build a research and data platform that will provide its customers with trading insights and spur new financial products, the exchange operator said after posting better-than-expected earnings on Friday.
Exclusive: Deutsche Bank sets aside $1.1 billion to exit derivatives
Deutsche Bank has set aside over 1 billion euros ($1.1 billion) to cover the cost of offloading derivatives in its ‘bad bank,’ or capital release unit, three sources at the bank told Reuters.
Stocks tumble on China’s counter-threat to Trump; yen jumps
A measure of stocks across the globe was on track to post its largest weekly loss of the year on Friday while yields in U.S. and German debt were near multi-year lows, after China vowed to retaliate against a possible new round of U.S. tariffs.
U.S. economy is adding plenty of jobs, but not hours for workers
The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic growth as businesses brace for an escalating trade war with China.
Wall Street sinks to one-month low on trade, growth fears
Wall Street extended its sell-off on Friday as renewed U.S.-China trade jitters and a slowdown in job growth put all three major U.S. stock indexes on pace for their worst week since December, when markets hit their trough amid recession fears.
JPMorgan set for historic majority stake in China funds JV: sources
JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said, setting a precedent that one analyst said would trigger a wave of similar transactions.
Atlanta Fed model lowers U.S. third-quarter GDP growth estimate to 1.9%
The U.S. economy likely will grow at a 1.9% annualized rate in the third quarter, based on the latest data on domestic payrolls, trade and factory orders, the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
N.Y. Fed model slashes U.S. third-quarter GDP estimate below 2%
U.S. economy is growing more slowly in the third quarter than previously thought based on this week’s data releases on manufacturing and import/export prices, the New York Federal Reserve’s Nowcast model showed on Friday.
Exclusive: Maruti Suzuki India cuts temporary workforce by 6% as sales sink
India’s biggest automaker, Maruti Suzuki India Ltd , has cut the number of workers it employs on temporary contracts following a plunge in vehicle sales, it told Reuters.
Oil prices bounce nearly 3% after plummeting on Trump’s tariff plan
Oil prices rallied nearly 3% on Friday, a partial rebound from their biggest daily drop in several years on U.S. President Donald Trump’s promise to impose more tariffs on Chinese imports.
