Japan says it’s committed to G20 agreement on forex policy
TOKYO (Reuters) – Japan is committed to the G20 agreement on foreign-exchange policy and is not manipulating its currency, Chief Cabinet Secretary Yoshihide Suga, the country’s top government spokesman, said on Monday.
China’s Ant hikes MoneyGram bid by more a third, beats rival U.S. offer
BEIJING (Reuters) – China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles.
CalPERS looks at changing how it invests in private equity: WSJ
(Reuters) – CalPERS, the largest pension fund in the United States, is considering changes in how it invests in private equity that could slash payments to fund managers, according to a report by the Wall Street Journal.
Japan Finance Minister Aso, U.S. Treasury Secretary Mnuchin to meet Thursday: Ministry of Finance
TOKYO (Reuters) – Japanese Finance Minister Taro Aso and U.S. Treasury Secretary Steve Mnuchin will hold a bilateral meeting on Thursday on the sidelines of the Group of 20 finance leaders’ gathering in Washington D.C., Japan’s Ministry of Finance said…
Oil dips, trade thin as some cash in after 3 weeks of gains
NEW YORK (Reuters) – Crude oil prices slipped on Monday in subdued trading after a long holiday weekend following three straight weeks of gains, but strong economic growth in China and a weaker dollar limited losses.
Dollar down, gold gains on global risks; U.S. stocks inch up
NEW YORK (Reuters) – Geopolitical tensions over North Korea pressured the dollar against the yen and lifted gold prices on Monday, while U.S. stocks edged higher after three straight days of losses.
China to post solid, steady first-quarter growth on building boom, but debt risks loom
BEIJING (Reuters) – China is expected to report on Monday that its economy grew 6.8 percent in the first quarter, well above Beijing’s full-year target, buoyed by surging government infrastructure spending and a gravity-defying property market that is …
Daewoo Shipbuilding bondholders accept bailout plan after pension fund’s agreement
SEOUL (Reuters) – South Korea’s Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first two of five bondholder meetings, as the world’s largest shipbuilder battles to stay afloat.
Wall Street banker Cohn moving Trump toward moderate policies
WASHINGTON/BOSTON (Reuters) – In a White House marked by infighting, top economic aide Gary Cohn, a Democrat and former Goldman Sachs banker, is muscling aside some of President Donald Trump’s hard-right advisers to push more moderate, business-friendl…
Exclusive: Anbang’s Fidelity & Guaranty acquisition set to fall through – sources
(Reuters) – China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday.
