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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

Hong Kong's Bill for Defending Its Peg Is $6.5 Billion and Counting

Thu, Apr 19, 2018

The Hong Kong dollar has been mostly depreciating against its U.S. counterpart since the beginning of last year, driven by a wide gap between U.S. and Hong Kong interest rates....

China to Release $200 Billion for Banks With Cut in Reserve Requirement

Tue, Apr 17, 2018

The central bank will reduce by 1 percentage point the amount of reserves commercial banks are required to hold, freeing up funds for banks to lend and repay short-term loans and signaling fresh worries about slowing momentum for economic growth....

India Tries to Cool Cash-Shortage Concerns

Tue, Apr 17, 2018

With a cash shortage in parts of India reviving memories of the great currency squeeze of 2016, authorities sought to allay concerns, saying the problem is limited to pockets of the country and would be fixed soon....

Economic Officials Optimistic on World Growth, Despite Trade Tensions

Wed, Apr 18, 2018

Economic policy makers gathering in Washington are sticking to optimistic global growth forecasts in the face of growing risks, foremost being trade tensions that have unsettled financial markets. ...

Russia's Cheap Stocks Show What 'Value' Misses

Tue, Apr 17, 2018

Russian stocks are cheap on every measure. But the cheapness shows up the trouble with simple “value” strategies....

Bond Investors Punish Russian Companies After U.S. Sanctions

Sun, Apr 15, 2018

U.S. sanctions on certain Russian oligarchs and firms are rippling across the economy, threatening to punish more than a dozen other Russian companies that need to refinance $22.8 billion in international bonds over the next 18 months. ...

The Surprising Winners in Stormy Markets

Mon, Apr 16, 2018

It has been a rough ride this year for many of 2017’s winning trades. But one region is weathering the market storm relatively well: Southern Europe. ...

What's Sucking the Air Out of Gold's Rallies?

Sun, Apr 15, 2018

Gold prices are locked in a tug of war, with investors piling in during periods of political stress only to pull out when interest rates look poised to rise....

If You're a Chinese Stock With Hainan in Your Name, Monday Was a Good Day

Mon, Apr 16, 2018

Shares of companies with the word “Hainan” in their names surged Monday—an otherwise down day for Chinese stocks—after President Xi Jinping pledged that the country’s Hainan province would become a free-trade zone. ...

Hong Kong Monetary Authority Defends Currency's Dollar Peg for Second Time This Week

Fri, Apr 13, 2018

Hong Kong’s de facto central bank said it bought 2.44 billion Hong Kong dollars and sold US$311 million early Friday, to prevent the financial hub’s currency from weakening beyond its permitted trading range. ...