Worldwide business news with international business, banking, interest rate, stock market, currencies and fund
Bloomberg |
Global trade tensions and worries about a U.S. recession dragged markets lower at year-end, leaving the 500 people on the Bloomberg Billionaires Index with a combined net worth of $4.7 trillion as of Friday’s close.
Bank of Canada |
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Reserve Bank of Australia |
Board decided to leave the cash rate unchanged at 1.50 per cent
European Central Bank |
ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
Bloomberg |
Threat of hacks, fights over network control seen rising and more than 100,000 mining operations likely ceased activity
Bloomberg |
The fight higher gasoline taxes and have now spread to other demands, reflecting complaints about purchasing power and a general dislike of Macron.
Bloomberg |
“Both Huawei and ZTE and multiple other Chinese companies pose a threat to our national interest, our national economic interest and our national security interest,” Rubio said.
Bloomberg |
Dow Jones Industrial Average tumbling almost 800 points, as a litany of concerns wiped out the rally in risk assets. Thirty-year bonds lead rally in Treasuries after inversion
Reuters |
Remembering George H.W. Bush
Bloomberg |
U.S. President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.