Posted at 01:26h
in
News
by KMFSLLP
Australian shares swung between positive
and negative territory on Wednesday, with top lender
Commonwealth Bank of Australia dragging on the
benchmark, offsetting gains in gold and mining stocks.
...
Posted at 00:44h
in
News
by KMFSLLP
Bondholders caught in
a $850 million state-backed corporate default in China were
split over an offer to repay them roughly 40 cents on the
dollar, in only the second distressed test of the country's
offshore bond markets in 20 years.
Posted at 00:04h
in
News
by KMFSLLP
As investors crunch numbers
to determine how the coronavirus will hit China’s economy, hedge
fund manager Nathaniel Polachek has tied much of his outlook to
the fate of a ship anchored near Weihai, China.
Posted at 00:01h
in
News
by KMFSLLP
Cash use in the UK ‘will collapse without legislation’, Sunak warned
...
Posted at 23:41h
in
News
by KMFSLLP
President Donald Trump
objected on Tuesday to U.S. proposals that would prevent
companies from supplying jet engines and other components to
China's aviation industry and suggested he had instructed his
administration not to implement them.
Posted at 23:24h
in
News
by KMFSLLP
Auto lender Ally Financial Inc
on Tuesday agreed to acquire privately held CardWorks for $2.65
billion as it looks to diversify its consumer product offerings,
supported by a growing and low-cost deposit base.
Posted at 23:17h
in
News
by KMFSLLP
The United States on Tuesday
ramped up pressure on Venezuela by blacklisting a subsidiary of
Russian state oil major Rosneft that President Donald Trump's
administration said provides a financial lifeline to President
Nicolas Maduro's government.
Posted at 23:08h
in
News
by KMFSLLP
A $4.5 billion buyout of Legg
Mason Inc by rival Franklin Resources Inc
announced on Tuesday is the latest example of how a decade-long
shift into low-cost, index-tracking products is pushing
stock-picking funds to join forces to remain competitive.
Posted at 23:05h
in
News
by KMFSLLP
Auto lender Ally Financial Inc
said it would acquire non-prime credit card and consumer
finance lender CardWorks in a transaction valued at about $2.65
billion.
...
Posted at 22:30h
in
News
by KMFSLLP
Plan for points-based system prioritising higher paid and better qualified workers
...