Global Stocks Rise With Eyes on Trade
Global stocks extended a rally after China exempted certain U.S. products from higher tariffs ahead of trade talks planned for next month.
OPEC Cuts 2019 Oil Demand Growth Forecast
OPEC cut its 2019 oil demand growth forecast for the second month in a row and downgraded its projections for global economic growth, citing slowdowns in the U.S. and the eurozone, as well as continuing trade tensions between the U.S. and China.
U.S. Producer Prices Rose in August
A gauge of business prices rose in August, suggesting inflation pressure could be building. The producer-price index rose a seasonally adjusted 0.1% from the previous month. Economists surveyed had expected no change.
Trump Says Fed Should Reduce Rates to 'Zero, or Less'
President Trump renewed his call for lower interest rates and his criticism of the Federal Reserve Wednesday, saying on Twitter that the Fed should reduce rates to "ZERO, or less."
Hong Kong Is the Lung Through Which Chinese Banks Breathe
Hong Kong's GDP relative to China's keeps shrinking, but that belies the city's role in the country's banking system.
Hong Kong Stock Exchange Launches Bid for London Rival
The $36.6 billion offer would unite two of the world's major trading hubs when both are under severe political pressure, with Hong Kong reeling from a summer of violent protests and London gripped by political paralysis.
U.K. Parliament Suspension Is Ruled Unlawful by Scottish Court
Prime Minister Boris Johnson's decision to suspend Parliament for several weeks has been ruled unlawful by Scotland's highest civil court, a decision that shunts the issue to the U.K.'s Supreme Court for a final ruling.
Introducing Prosus: A Rare European Mega-Tech Stock
Shares in an internet conglomerate that is the largest shareholder in China's Tencent soared, after listing its assets under the name Prosus NV in Amsterdam-instantly creating a rare European tech giant.
Biotech Firm Moves to Revive Hong Kong IPO Market
Chinese company Shanghai Henlius Biotech kicked off what would be Hong Kong's first sizable listing after a summer of unrest and stock-market weakness.