Saudi Arabia’s Tadawul has introduced an equity index cap of 15% which is set to address concerns over the weighting oil giant Saudi Aramco will have when it lists on the exchange.
A wave of social unrest across developing countries this year has caught many investors off-guard and is challenging models designed to gauge political risk for investors, prompting some to pull money out.
The U.S. government may still seek to take control of the United Auto Workers Union (UAW) once its investigators determine the depths of corruption in the union, U.S. Attorney Matthew Schneider said in an interview with Detroit News on Sunday.
Global shares shuffled marginally higher on Monday to stand just short of the record peak struck in January 2018, with buyers encouraged by upbeat China manufacturing surveys and hopes that China and the United States will agree a preliminary trade deal.
The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters.
FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry is whether Deutsche helped move tainted money from Danske, Denmark’s largest lender, into the United States. Officials from the DoJ, who have been working closely with Estonian prosecutors for around a year, have also begun cooperating with Frankfurt state prosecutors, the sources said. …read more […]
Hong Kong Airlines, controlled by cash-strapped Chinese conglomerate HNA Group, must shore up its financial position by Dec. 7 or risk the suspension or loss of its license, the Hong Kong government said on Monday.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to… …read more […]
China’s factory activity showed surprising signs of improvement in November, with growth picking up to a near three-year high, a private sector survey showed on Monday, reinforcing upbeat government data released over the weekend.
(Bloomberg) — Mexican President Andres Manuel Lopez Obrador celebrated his first year in office touting his achievements in reducing inequality in the country, while defending an economy that fell short of targets.AMLO, as the president is known, said in a speech Sunday before thousands that his push to establish new cash aid programs for the elderly, unemployed youth and the disabled improved the quality of life in Mexico. He promised to further expand those programs and to boost economic growth after Mexico fell into a mild recession in the first half of 2019.“There still hasn’t been economic growth like we …read more […]
Dec.02 — Hong Kong is expected to record its first budget deficit since 2004 with the economy sustaining damage equivalent to 2 percentage points of output growth, Financial Secretary Paul Chan said. Stephen Engle reports on “Bloomberg Daybreak: Middle East.” …read more […]
Yields on 10-year Japanese government bonds on Monday rose to their highest in more than two weeks, ahead of an auction that could determine investor demand for the last month of the year. Benchmark 10-year JGB futures fell 0.33 point to 152.83, with a trading volume of 19,457 lots. The 10-year JGB yield rose 2.5 basis points to minus 0.060%, the highest yield since Nov. 14. …read more […]
Dec.01 — Rupal Agarwal, Asia Quantitative Strategist at Bernstein, talks about India’s economy and stocks. She speaks with Rishaad Salamat and Juliette Saly on “Bloomberg Markets: Asia.” …read more […]
Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year.
(Bloomberg) — Shares of India’s largest mobile phone service providers surged after they announced a raise in the cost of subscriptions to their plans, signaling a cut-throat price war in the nation may finally be easing.Bharti Airtel Ltd., the third-largest wireless carrier, said it will increase prices of its most expensive plan by as much as 41%, while Reliance Jio Infocomm Ltd., the biggest telecom company by subscribers in India, will boost tariffs by as much as 40% from Dec. 6. Vodafone Idea Ltd. also announced a new pricing plan for prepaid customers on Sunday, which would be effective Dec. …read more […]
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