Business & Finance News
Britain’s finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing’s attempted takeover of the London Stock Exchange, after the Asian bourse made a surprise $39 billion approach on Wednesday.
Mexican President Andres Manuel Lopez Obrador said on Wednesday the U.S. threat of tariffs on Mexican goods has lessened, after his top envoy met U.S. President Donald Trump and other Washington officials to assess progress on reducing migration.
Facebook’s Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws.
As the Sino-U.S. trade war drags on, Beijing is throwing its door wide open to foreign investors as concerns grow over declining exports, capital flight and persistent yuan weakness.
U.S. stocks rose slightly on Wednesday as China’s move to ease trade tensions with the United States soothed investor nerves, while shares of Apple gained a day after the launch of its latest iPhones.
U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world’s largest, two sources familiar with the matter told Reuters on Wednesday.
OPEC on Wednesday cut its forecast for growth in world oil demand in 2020 due to an economic slowdown, an outlook the producer group said highlighted the need for ongoing efforts to prevent a new glut of crude.
European regulators have ordered immediate checks on recently delivered versions of some Airbus helicopters after a crash in Arctic Norway last month killed five Norwegians and their Swedish pilot.
U.S. stocks opened higher on Wednesday as China’s move to ease tensions with the United States assuaged some concerns about the ongoing trade war between the world’s two largest economies.
U.S. President Donald Trump has suggested that the U.S. Federal Reserve drive interest rates into negative territory. He says his motivation was to refinance the U.S. government’s $22 trillion in outstanding debt and lengthen the amount of time over which it is repaid.
U.S. President Donald Trump called on the Federal Reserve to push down interest rates into negative territory, a move reluctantly used by other world central banks to battle weak economic growth as it punishes savers and banks’ earnings in the process.
Huawei Technologies [HWT.UL] plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday.
Wall Street was set to open marginally higher on Wednesday as China’s move to ease tensions with the United States assuaged some concerns about the ongoing trade war between the world’s two largest economies.
General Motors Co is recalling 3.46 million U.S. pickup trucks and SUVs to address a vacuum pump issue that could make braking more difficult and increase the risk of a crash.
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