China Regulator Pushes Mutual Funds to Lower Fees
The China Securities Regulatory Commission plans to reform the mutual fund industry’s fee mechanisms, and push fund firms
2023-07-08 13:15
Swiss Banks Can Handle More Rate Hikes, SNB’s Schlegel Says
Switzerland’s lenders are strong enough to cope with possible additional interest-rate increases by the Swiss National Bank, its
2023-07-08 11:16
Ant to Buy Back Shares at 70% Lower Valuation Than at IPO
Jack Ma-backed Ant Group Co. is proposing to buy back as much as 7.6% of shares in an
2023-07-08 10:54
Summers Warns on Inflation Complacency, Sees More Bond Declines
Former Treasury Secretary Lawrence Summers warned against any sense of achievement by policymakers in bringing inflation down notably
2023-07-08 08:27
China Angst Drives Boom in Funds Excluding Asia’s Biggest Market
A strategy of stripping China out of emerging-market portfolios is fast gaining traction as stock managers seek to
2023-07-08 08:15
Hotel REIT Says It Will ‘Likely’ Return 19 Properties to Lenders
Ashford Hospitality Trust Inc. expects to return 19 hotels to lenders in cities including Las Vegas and Atlanta,
2023-07-08 06:18
Bitcoin Rally Falters as More Turmoil, Rates Present Headwinds
Bitcoin is ending the week on a down note after the optimism that pushed the price of the
2023-07-08 05:27
Petrobras Expects to Fall Short of Government Gas-Price Target
Petroleo Brasileiro SA officials expect to fall short of the government’s goals to slash natural-gas prices by 40%
2023-07-08 05:15
Biden to Purchase 6 Million More Barrels of Oil for Emergency Reserve
The Biden administration announced Friday it’s purchasing 6 million more barrels of crude oil for the Strategic Petroleum
2023-07-08 03:58
State, City Hiring Pushes Payrolls Back Near Pre-Pandemic Levels
State and local governments continued expanding payrolls in June, adding about 59,000 jobs as the strength of the
2023-07-08 03:18
Treasury Yields Reverse as Traders Repeat ‘Never Trade on ADP’
On Thursday, a blowout jobs report pushed US yields to the highest in 16 years — unleashing fresh
2023-07-08 01:54
Medical Credit Cards Targeted by US for Piling Debt on Patients
Three federal agencies are looking into potentially predatory practices in medical-payment products such as credit cards and installment
2023-07-08 01:45