Finance

Investing.com – The U.S. dollar was unmoved on Tuesday in Asia ahead of central bank meetings and a looming tariff deadline later this week. The U.S. dollar index that tracks a basket of other currencies was unchanged at 97.610 by 12:30 AM ET (04:30 GMT). On the radar this week are policy meetings at the …

Investing.com – State-owned lender Postal Savings Bank of China (PSBC) traded slightly higher on Tuesday on its first day of trading in Shanghai. The stock rose as much as 2.7% in morning trade, but the gains narrowed to just 1.0% near noon. The bank sold its shares at 5.5 yuan apiece and is expected to …

NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses. But this year is more fraught than usual, industry sources said, because executives are waiting until the last minute to …

PHNOM PENH (Reuters) – The U.S. Treasury has imposed sanctions on a businessman and a senior government official with close links to Cambodian Prime Minister Hun Sen, accusing them of corruption. The measures come as western countries step up pressure on Hun Sen over a crackdown on the opposition and after the United States expressed …

(Bloomberg) — Emmanuel Macron is bracing for round-two of a clash with labor unions over his plan to upend France’s pension system, in what could become the defining moment of his presidency. Labor unions will stage a repeat of last week’s mass protests on Tuesday to load pressure the day before Macron’s government announces the …

(Bloomberg) — Gold’s impressive advance in 2019 — aided by trade war frictions, easier monetary policy across the world’s leading economies and sustained central-bank buying — may be set to spill into the new decade. As 2020 looms, BlackRock Inc (NYSE:BLK)., the world’s largest money manager, remains constructive on bullion as a hedge, while Goldman …

(Bloomberg) — Egypt’s ailing stock market could find a much-needed jolt of liquidity from two state-owned enterprises set to go public early next year. The long-awaited initial public offering of one of the biggest banks in the country, Banque du Caire, in particular could draw funds from outside the region, according to Hasnain Malik, head …

SYDNEY (Reuters) – The Australian Olympic Committee have welcomed the decision by the World Anti-Doping Agency to ban Russia from major sporting events, including next year’s Tokyo Games, for four years as the sports world began to digest the suspension on Tuesday. WADA’s executive committee acted on Monday after concluding that Moscow had planted fake …

(Bloomberg) — Japan’s 10-year bond yield rose to zero for the first time in nine months amid waning global demand for debt. The nation’s benchmark yields are rising for a fourth month after the Bank of Japan slashed debt purchases and refrained from adding any more easing measures. Bonds have also fallen as optimism that …

Investing.com – Asian markets traded lower on Tuesday morning. Chinese stocks slipped after data showed the country’s inflation fell for the fifth month in a row. China’s Shanghai Composite and the Shenzhen Component were down 0.2% and 0.3% respectively by 10:40 PM ET (02:40 GMT). Hong Kong’s Hang Seng Index dropped 0.2%. Data from the …