U.S. net cash farm income will
fall 11% this year as production costs rise and government aid
programs set up to assist producers during the U.S.-China trade
war wind down, according to a U.S. Department of Agriculture
forecast issued on Wednesday.
Europe's biggest bank HSBC has
extended its ban on staff travelling to Hong Kong until March 2,
according to an internal memo seen by Reuters, as the death toll
from the coronavirus outbreak continues to climb.
Britain will have to decide
whether banks and asset managers should comply with costly new
European Union securities rules that are being delayed from
September until after its transition period for leaving the bloc
ends, lawmakers were told on Wednesday.
Investor William Ackman told
clients on Wednesday that Pershing Square Capital Management
exited its Starbucks Corp position as future growth
looks less robust but will stick with last year's biggest
winner, Chipotle Mexican Grill Inc..