China’s stimulus plans are choking the profitability of its megabanks, analysts say
The country’s banking industry has grappled with weakening profitability under the weight of lower mortgage rates and ailing credit demand.
CNBC Daily Open: Powell emphasizes that elections won’t sway Fed’s policy
If inflation resurfaces because of the incoming administration’s policies, the Fed’s likely to stay its hand in lowering rates.
Top trader Vitol eyeing metals market as global oil demand set to peak in 10 years, CEO signals
In contrast to the eventual decline of the crude industry, metals business is going to witness a “great deal of growth,” CEO Russell Hardy said.
American interest in moving abroad skyrockets after Trump’s win — here’s how many would actually leave
Google Trends showed searches related to “leaving the country” and “how to move to …” spiked following the news that Donald Trump is returning to the White House.
Nissan shares plunge over 10% after downbeat quarterly results, production-cut plans
The automaker posted disappointing second-quarter results and announced reductions in production and staff.
China announces $1.4 trillion package over five years to tackle local governments’ ‘hidden’ debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
Australian airports hit by outage at immigration counters
A technical outage hit all major Australian airports Friday, causing long queues as automated identity kiosks went down, authorities said.
Dow tops 44,000 for first time, S&P 500 closes at record high to cap election week rally: Live updates
The S&P 500, Nasdaq and Dow all set intraday record highs on Friday.
CNBC Daily Open: Powell maintains that elections won’t sway Fed’s policy
If inflation resurfaces because of the incoming administration’s policies, the Fed’s likely to stay its hand in lowering rates.
Asia-Pacific markets climb after Fed rate cut boosts Wall Street rally; China’s NPC in focus
Investors will assess household spending data out of Japan, which could offer clues to the policy path ahead for the Bank of Japan.
