September 2016
WTO cuts forecasts for trade growth
The World Trade Organization has lowered its forecast for growth of global trade this year to 1.7%, down from its April estimate of 2.8%. The agency also reduced its forecast for 2017 to 3.1% from […]
Green securities platform from Luxembourg exchange debuts
The Luxembourg Green Exchange, a trading platform backed by the Luxembourg Stock Exchange, has opened for the trading of green securities. The platform has adopted stringent criteria to ensure that only issuers that have committed […]
Currency-swap agreement of ECB, PBOC extended
A currency-swap arrangement between the European Central Bank and the People’s Bank of China will be extended for three years, the ECB announced Tuesday. The swap line, with a maximum of 350 billion yuan and […]
Postal Savings Bank stock flat in post-IPO trading
Shares of Postal Savings Bank of China opened flat, then fluctuated in a narrow range in first-day trading after an initial public offering. The world’s biggest IPO this year sold at the low end of […]
Greece transfers assets to privatization fund
The Greek Parliament has approved moving several government departments into a privatization fund set up to hold public assets until they can be sold. The package of bills passed in a 152-141 vote after Prime […]
J.P. Morgan sets $1,000 price target on Amazon, shares +2%
Following recent $1,000+ target raises at RBC Capital Markets and Evercore ISI. Analyst Doug Anmuth: “We believe Amazon continues to show strong ability to take share of overall eCommerce, and its flexibility in pushing first-party versus third […]
China’s industrial profit surges
Profit at Chinese industrial companies posted a 19.5% year-over-year increase in August, the biggest gain in three years, the National Bureau of Statistics said. The data come as retail sales, fixed-asset investment, industrial output and […]
ECB: Single-market rules can’t be bent for UK
The UK should not be given exceptions to single-market rules in Brexit negotiations, European Central Bank President Mario Draghi says. “It is very hard to imagine that any agreement that will be perceived as discriminatory […]