Stocks drop as falling U.S. yields, trade worries hit mood
Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.
Malaysian fugitive Jho Low, four others hit with fresh 1MDB charges
Malaysian police filed fresh criminal charges and issued arrest warrants for fugitive financier Low Taek Jho and four others wanted in connection with a multi-billion-dollar scandal at state fund 1MDB, officials said on Wednesday.
Nissan panel puts off selection of nominee to succeed Ghosn: source
A Nissan Motor Co panel on Tuesday failed to nominate a successor to Carlos Ghosn as chairman in the wake of his arrest and dismissal for alleged financial misconduct last month, a source familiar with the situation told Reuters.
China’s BAIC sinks on report Daimler may raise stake in joint venture
BAIC Motor Corp’s shares slumped 13.5 percent on Wednesday after Bloomberg reported that Germany’s Daimler AG is considering increasing its stake in its joint venture with the Chinese company.
Gymboree explores sale of some brands, store closures
Kids’ clothing retailer Gymboree Group Inc said on Wednesday it initiated a strategic review of its brands Gymboree, Janie and Jack, and Crazy 8, which could result in the sale of some brands and closure of some stores.
Bank of America names two executives to replace late wealth management head
Bank of America Corp added two executives to its management team to fill the role left by former global wealth management chief Terry Laughlin, who passed away unexpectedly in October, the bank said in a statement on Tuesday.
Oil prices skid amid global stock market slump, swelling U.S. supply
Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets as China’s government warned of increasing economic headwinds.
China confident it can clinch U.S. trade pact as Trump demands ‘real deal’
China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that he would revert to more tariffs if the two sides cannot resolve their differences.
Post-bankruptcy Detroit returns to yield-hungry muni bond market
Detroit on Tuesday sold its first standalone bonds since exiting bankruptcy four years ago to U.S. municipal market investors, who snapped up the debt albeit at hefty yields.
Stocks slide as falling U.S. yields, trade worries knock sentiment
Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.
