newszine

Citigroup, BNP caught up in U.S. case against Huawei CFO: documents

4 hours ago NAMEX Comments Off on Citigroup, BNP caught up in U.S. case against Huawei CFO: documents
NEW YORK (Reuters) – U.S.-based Citigroup (C.N) and French bank BNP Paribas (BNPP.PA) are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly available documents. FILE PHOTO: A Huawei company logo is pictured at the Shenzhen International Airport in Shenzhen, Guangdong province, China July 22, Read More

UPDATE 3-U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’

16 hours ago NAMEX Comments Off on UPDATE 3-U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’
WASHINGTON (Reuters) – U.S. banking regulators on Tuesday eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to taxpayers. FILE PHOTO: Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation, on Capitol Hill in Washington, Read More

U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’

17 hours ago NAMEX Comments Off on U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’
WASHINGTON (Reuters) – U.S. banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account, giving Wall Street one of its biggest wins under the Trump administration. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation Read More

U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’

18 hours ago NAMEX Comments Off on U.S. regulators hand Wall Street a major win with stripped-down ‘Volcker Rule’
WASHINGTON (Reuters) – U.S. banking regulators on Tuesday approved changes easing a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account, giving Wall Street one of its biggest wins under the Trump administration. The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation Read More

GLOBAL MARKETS-Safe-havens rise as recession concerns boost hopes for easing

20 hours ago NAMEX Comments Off on GLOBAL MARKETS-Safe-havens rise as recession concerns boost hopes for easing
NEW YORK (Reuters) – Traditional safe-havens including the Japanese yen and U.S. Treasuries were sought out on Tuesday even as there were signs that more economic stimulus was on its way, as traders focused on concerns over a global deceleration. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More

UPDATE 1-Italian bond yields tumble as PM Conte set to resign

20 hours ago NAMEX Comments Off on UPDATE 1-Italian bond yields tumble as PM Conte set to resign
(Updates with quote, more details) By Dhara Ranasinghe and Sujata Rao Aug 20 (Reuters) – Italy’s bond yields tumbled on Tuesday and its bond yield premia over safe-haven benchmark Germany narrowed after Prime Minister Giuseppe Conte said he would resign, potentially paving the way for a new coalition government. Conte announced his departure as he Read More

Asia shares edge up as stimulus hopes temper recession worries

1 day ago NAMEX Comments Off on Asia shares edge up as stimulus hopes temper recession worries
TOKYO (Reuters) – Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato Read More

GLOBAL MARKETS-Asia shares edge up as stimulus hopes temper recession worries

1 day ago NAMEX Comments Off on GLOBAL MARKETS-Asia shares edge up as stimulus hopes temper recession worries
TOKYO (Reuters) – Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. FILE PHOTO: Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. REUTERS/Issei Kato Read More

Humbled Deutsche Bank faces battle in its own backyard

1 day ago NAMEX Comments Off on Humbled Deutsche Bank faces battle in its own backyard
FRANKFURT (Reuters) – Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender’s recovery. FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon Dawson/File Photo Read More

Morning News Call – India, August 20

1 day ago NAMEX Comments Off on Morning News Call – India, August 20
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: RBI deputy governors N.S. Vishwanathan and M.K. Jain at FIBAC 2019 in Mumbai. LIVECHAT – ASIA EM MACROS Trinh Nguyen, Senior Economist, Emerging Asia Read More