French insurer Axa finds tepid appetite for US business as IPO comes up $1 billion short
Axa’s $15.3 billion takeover of global property casualty firm XL Group was a monster deal in the insurance world, but Paris-based Axa’s plan to pay for the acquisition has come up short. The French company is selling its U.S. business,...
Commerce Secretary Ross: We’re trying to get China to buy more US goods, ‘gaps’ remain in talks
Trade negotiations between U.S. and Chinese leaders are focused in part on getting China to buy more goods rather than getting it to ship less, Commerce Secretary Wilbur Ross said Wednesday. Fresh from a high-level meeting in China between members...
US weekly jobless claims hover near 48-year low
New applications for U.S. unemployment benefits unexpectedly held near more than a 48-year low last week, pointing to a further tightening of labor market conditions. Initial claims for state unemployment benefits were unchanged at a seasonally adjusted 211,000 for the...
Trump’s trade war rhetoric is mere ‘propaganda,’ says CEO of Chinese private equity fund
President Donald Trump’s tough talk on trade is more propaganda than anything else, the CEO of one of China’s largest private equity firms told CNBC’s Hadley Gamble Thursday. Asked if the president’s threat of sweeping tariffs and a trade war...
Legendary Hong Kong tycoon Li Ka-shing hands corporate reins to son
Billionaire Li Ka-shing — one of the world’s richest men — is set to retire on Thursday ahead of his 90th birthday later this year, capping a career as one of Asia’s most storied businessmen and handing the reins of...
RBS reaches $4.9 billion deal to settle US mortgage bond probe
The Royal Bank of Scotland said on Wednesday it had reached an agreement in principle with the U.S. Department of Justice that includes a $4.9 billion civil penalty to resolve potential claims over mortgage-backed securities issued from 2005 to 2008....
FX scandal: in the spotlight
Advocates claim the principles-based approach offers the best hope of restoring trust in the FX market once and for all. Structural shifts upend troubled FX franchisesMay 2016The foreign-exchange industry has been caught in a perfect storm of falling volatility, difficult...
Thursday’s inflation data could be a catalyst for an important interest rate move
If Thursday’s consumer inflation data comes in hotter than expected, it could trigger an important interest rate move, which is being watched across financial markets. Traders await the reaction in the benchmark 10-year Treasury yield to the 8:30 a.m. ET...
After-hours buzz: BKNG, ROKU & more
Check out the companies making headlines after the bell: Booking Holdings stock slumped 6 percent post-market. The travel and restaurant website company reported earnings and revenue that surpassed analyst estimates but those figures were overshadowed by weak guidance for the...
The Fed has ‘time to wait’ while hiking rates, former vice chair Fischer says
Federal Reserve Inflation continues to be pretty much as subdued as it was when Stanley Fischer stepped down from the Fed, the former central bank vice chairman said Wednesday. As his former colleagues plan to continue what has been a...
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