The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, buoyed by strong earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China.
NAFTA ‘Handshake’ Deal with Mexico Targeted for Thursday – Politico
The Trump administration is planning to formally announce on Thursday that it has reached a breakthrough in NAFTA talks with Mexico, clearing the way for Canada to rejoin negotiations to modernize the free trade pact, three sources close to the talks told Politico.
A People’s Bank of China senior official insists the yuan’s exchange rate is set by market forces, refuting the US president’s latest claim.
“Not thrilled” may become a regular state of mind for U.S. President Donald Trump in the months ahead, as the Federal Reserve is likely to press on with interest rate rises to recalibrate policy for an economy boosted by the president’s own tax cuts.
Australian Prime Minister Malcolm Turnbull has rejected the resignations of seven cabinet members despite them backing a rival for leadership, the country’s foreign minister said on Wednesday, as Turnbull seeks to quell the threat of a renewed leadership challenge.
Prices on Italian government debt got a boost on Tuesday after Moody’s extended the deadline for its review into a potential downgrade of the country’s credit rating.
Sub-Saharan Africa’s third-biggest economy plagued by forex shortages and bad loans.
The rising threat of a no-deal Brexit is causing consternation for investors who are worried that more than €100bn of European bank debt issued under English law could no longer comply with the EU regulation.
South Korea’s stock exchange has stepped up its monitoring of high-frequency trading by the Seoul branch of Bank of America Merrill Lynch after local investors complained about alleged unfair trades by the US brokerage.
The Financial Conduct Authority has opened a criminal prosecution against an alleged fraudster who is accused of operating an unauthorised investment scheme, which purported to carry out futures trading for the benefit of investors.
Defence attorneys ask court to look into instructions given to grand jury about the nature of Barclays and HP’s relationship.
Tests show that market volatility in cryptocurrencies do not have a significant impact on herding behaviour.
A further drop in the value of Bitcoin and other cryptocurrencies has recently left investors nursing heavy losses. Many proponents are holding out for a new breakout, if their digital assets can go mainstream.
The number of short orders placed on bitcoin is less than 3 percent – or 1,196 orders – away from setting a new all-time high, according to data from cryptocurrency exchange Bitfinex.
The blockchain revolution is here. The technology long associated with Bitcoin is now being used to make businesses as varied as trade finance, videogaming, travel insurance, and diamond mining more efficient and more secure.
Business investment is giving fresh legs to the U.S. economy and its aging bull market. Companies are pouring a big chunk of what they saved from last year’s tax cuts into new plant, equipment and software. That provides welcome momentum – and some insurance against trade troubles.
Norway’s trillion-dollar national oil fund modestly undershot its benchmark for the first time in two years in the second quarter, with equities dragged down by global tensions over trade and bond investments muted, despite a flicker of volatility stemming from Italy.
Aberdeen Standard Investments, one of the UK’s biggest fund managers, has joined the ranks of those betting on artificial intelligence to improve investment returns.
Pacific Investment Management Co. sees a 70 percent chance the world economy enters a recession over the next five years as ultra-loose monetary policy from the U.S. to Europe comes to a halt.
While there has been considerable research on speculative attacks on currencies, relatively little attention has been given to whether they are successful or not.
Economies’ fate tied to China’s deleveraging, Fed tightening and the dollar’s strength.
The euro on Wednesday snapped a four-day rally that had lifted it to a two-week high as markets awaited news of U.S.-China trade talks and Federal Reserve minutes.