The European Commission has blocked the merger of London Stock Exchange Group and Deutsche Boerse. A move expected after LSEG refused to sell its stake in Italian trading venue MTS. “The divestment of MTS, a comparatively […]
Despite corporate woes and political turmoil, South Korea’s GDP grew more than expected in Q4, expanding 0.5% from the previous quarter and 2.4% year-on-year. Meanwhile, North Korea has carried out another test of a rocket […]
The Trump administration’s target corporate-tax rate has nudged up since before the election. When then-candidate Donald Trump pledged to cut the rate to 15% from 35%. After a failed attempt to repeal the Affordable Care […]
UK Prime Minister Theresa May has signed a letter that officially notifies the EU of Britain’s withdrawal. The letter will be hand-delivered to European Council President Donald Tusk today and signal the start of negotiations […]
The Senate has confirmed former Wall Street executive Steven Mnuchin to be treasury secretary by a 53-47 vote, one of the narrowest margins ever for the post. During the debate, Democrats criticized Mnuchin for his […]
Countries that have traditionally been the biggest foreign holders of US government debt are selling their Treasurys. If foreign demand for US bonds continues to fall, it could make borrowing more expensive and create obstacles […]
In January, India’s oil consumption posted its biggest one-month drop since 2003 as the government’s surprise withdrawal of high-denomination currency notes slowed the economy. An analysis suggests India’s GDP growth for the year ending in […]
The People’s Bank of China has begun issuing reverse repurchase agreements after suspending them for six trading days. In a move to ease funding conditions, the bank has offered reverse repo loans to commercial banks […]
Japan GDP rose an annualized 1% in the fourth quarter, supported by a weak yen that helped exporters. Domestic demand was also weak. Source: Reuters (12 Feb 2017) Read more about Financial & Economic News […]
Greece: EU and Greek negotiators said they are “close to common ground” on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond […]
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