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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

China's Insurers Try Novel Approach to Elderly Care: Building Retirement Homes

Wed, Feb 14, 2018

China’s insurers have offered an ever-widening range of financial products to help beat rapid aging in the world’s second-largest economy. Now, some of them are building high-end retirement homes....

Credit Suisse Sees Green Shoots Despite Taking U.S. Tax Hit

Wed, Feb 14, 2018

Credit Suisse posted its third-straight annual loss as the U.S. corporate-tax overhaul erased what would have been a healthy return to profit for the Swiss banking giant....

Deutsche Bank to Pay $4.4 Million Over Traders Who Misled

Mon, Feb 12, 2018

Deutsche Bank AG agreed to pay more than $4.4 million to settle regulatory claims that it failed to supervise traders who misled customers about the price of commercial mortgage bonds....

Emerging Markets Hang Tough During Global Selloff

Fri, Feb 09, 2018

Wild price swings this week upended stocks and bonds around the globe, but some of the historically most volatile markets are holding up better-than-expected compared with past global selloffs. ...

SoftBank in Talks to Buy Nearly a Third of Swiss Re

Thu, Feb 08, 2018

SoftBank Group is in advanced talks to buy a stake in reinsurance giant Swiss Re that could be worth $10 billion or more, in the latest example of the Japanese conglomerate’s soaring ambitions....

Last Year's Market Nightmare Is 2018's Italian Yawn

Wed, Jan 31, 2018

Italian assets have rallied and outperformed European peers, thanks in part to the country’s expanding economy and shrinking unemployment, soothing investor concern. ...

World Bank Chief Economist Paul Romer Resigns

Thu, Jan 25, 2018

World Bank Chief Economist Paul Romer has resigned, according to a memo viewed by The Wall Street Journal....

Mexico to Auction 37 Oil Blocks in July

Wed, Jan 24, 2018

The Mexican government unveiled plans to offer 37 onshore oil blocks in a July auction, which the Energy Ministry estimates could drum up about $3.3 billion in investment. ...

As Markets and Growth Steam Ahead, Signs of Caution Emerge

Wed, Jan 24, 2018

The world economy is accelerating and the financial markets are going gangbusters. But there is an undertone of anxiety among delegates at the annual meeting in Davos. ...

Listed Chinese Firms Bought $192 Billion Worth of Opaque Products in 2017

Mon, Jan 22, 2018

Chinese companies are buying more high-yielding investment products that are sold by banks to raise funds and boost lending, a potentially troubling sign for China’s debt-fueled economy. ...