Category Archives: News

Asia stocks struggle with rising yields; oil stays high

SYDNEY (Reuters) – Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world’s largest corporations, while keeping a wary

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World Bank shareholders back $13 billion capital increase

WASHINGTON (Reuters) – The World Bank’s shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China’s shareholding but bring lending reforms

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Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

WASHINGTON (Reuters) – U.S. consumers may be about to directly feel the effects of the trade fight started by U.S. President Trump with China and

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Australia vows crackdown on corporate misconduct as bank inquiry claims AMP scalp

SYDNEY (Reuters) – An Australian inquiry into financial sector misconduct claimed its first scalp on Friday as the chief executive of the country’s largest wealth

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Nissan premium brand Infiniti aims to triple China sales: CEO

BEIJING (Reuters) – Nissan Motor Co’s premium brand Infiniti plans to at least triple sales in China within the next five years by making four

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China Huarong shares halted as chairman investigated for suspected graft

HONG KONG (Reuters) – Trading in shares of China Huarong Asset Management Co Ltd and two of its units were suspended on Wednesday after Beijing

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Australia's AMP misled corporate watchdog for almost a decade: inquiry hears

SYDNEY (Reuters) – Australia’s largest wealth manager AMP Ltd lied to the country’s corporate watchdog for almost a decade to cover its widespread practice of

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Guggenheim says it is cooperating with SEC investigation

NEW YORK (Reuters) – Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted

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Proxy adviser ISS recommends against five Equifax directors over cyberbreach

(Reuters) – Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote against the re-election of five Equifax Inc directors who served on the company’s

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Wall Street eyes earnings stabilizer after FAANG stocks wobble

(Reuters) – Wall Street is hoping that first-quarter earnings growth and corporate forecasts are strong enough to bring the FAANG group of stocks back into

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