British tour operator Thomas Cook
Group said on Wednesday it had reached substantial
agreement on the key commercial terms of a rescue package with
investor Fosun Tourism, its banks and a majority of its
Australian shares ended higher on
Wednesday, with investors favouring mining stocks over their
banking counterparts as a deepening U.S. debt yield curve
inversion raised concerns over margin pressure for lenders.
trade ties and interest rate reforms are fueling speculation
China will start cutting key rates from next month, but bankers
expect borrowing costs to come down only gradually, offering
limited support for the slowing economy.