Australian shares rose on Wednesday, led
by gains in consumer and resource-based sectors, though trading
volumes were low as a looming deadline for further U.S. tariffs
on Chinese goods dampened risk appetite.
Australia's bank watchdog on
Wednesday said it had decided to keep the extra capital buffers
banks are required to hold for emergencies at zero, but flagged
the likelihood of a change at some point in the future.
KABUL, Dec 11 (Thomson Reuters Foundation) - Like any other
mayor of a booming city, Kabul Mayor Ahmad Zaki Sarfaraz worries
about traffic congestion, affordable housing and water
shortages, but with an added wrinkle: he has no idea how many
people live in the Afghan capital.
Brazilian financial services
platform XP Inc has priced its Nasdaq listing at $27 per
class A share, the largest IPO of a Brazilian company this year,
and raised $2.25 billion, sources with knowledge of the matter
said on Tuesday.
Hudson's Bay Co
investor Ortelius Advisors LP said it will vote against the Saks
Fifth Avenue owner's C$1.9 billion ($1.4 billion) take-private
deal because of what the hedge fund views as lapses in the sales
Indonesian e-commerce industry
executives have criticised new regulations requiring online
vendors to obtain government permits, saying the mandatory
procedures would sharply increase costs and stifle the country's
booming e-commerce market.
Japan said on Wednesday the World
Trade Organization's dispute settlement system was one of
central pillars supporting the multilateral trading system and a
quick solution was needed to restore the functioning of its
About one-fifth of the
California Public Employees’ Retirement System public markets
portfolio is exposed to potential losses from climate change,
the $381 billion pension fund manager reported this week in its
first ever climate-risk disclosure report.
The U.S. dollar's next big move
will be lower, which could lead to a significant fall in U.S.
bond prices and a slew of downgrades, Jeffrey Gundlach, chief
executive of DoubleLine Capital said on Tuesday.
D-Wave Systems, a
Canadian quantum computer firm backed by billionaire Jeff Bezos,
Wall Street titan Goldman Sachs and others, said Japan's NEC
Corp will invest in it as part of a fundraising round
and will also help it develop software.