European Bank Tests Could Bring Relief
European banks will need to come up with a total of about $12.6 billion to fill capital holes identified in regulatory “stress tests,” analysts say, a relatively modest amount that some investors expect will cheer markets.
Europe Stocks Boosted
Stronger-than-expected manufacturing and services data helped European stock indexes extend their recent bounceback, as investors shrugged off a lackluster batch of earnings reports.
Russia's Ruble at All-Time Low
The Russian ruble weakened to fresh all-time lows versus the euro-dollar basket in early trade as oil prices again dipped lower.
Bulgaria Prepares to Pull Troubled Bank's Plug
Bulgaria’s central bank said it is ready to let the country’s fourth-largest bank fail but urged parliament to approve the government’s topping up a fund to compensate depositors after an audit found a 4.22 billion lev ($2.73 billion) hole in the troubled bank’s accounts.
Swiss Banks Want Changes in Justice Dept. Hidden Account Program
Dozens of Swiss banks are pushing back against the rigors of a U.S. Justice Department program designed to dig up hidden American accounts.
Japan Auctions Bonds With Negative Yields
Japan joins a small group of countries in which investors are in the unusual position of actually paying the government to lend it money.
Asian Shares Lose Ground
Stocks in Japan and China slipped as investors assessed the latest read on Chinese manufacturing. In Tokyo, Takata lost 6.2% following news that U.S. prosecutors are investigating the firm in connection with defective air bags.
Asia's Gold Appetite Returning
Consumers in India and China, the world’s two biggest buyers of gold, have started buying again after prices fell to 2014 lows earlier this month.
China's Plans for Aid Bank Fall Short
Many of the countries the Chinese government had hoped would join the Asian Infrastructure Investment Bank won’t be present at the signing of a preliminary agreement in Beijing, as U.S. officials attempt to persuade them not to participate.
Nickel's Slide Extends Roller-Coaster Ride
Nickel prices have sunk to their lowest level since March, extending a roller-coaster year for investors, amid a gloomy economic outlook and fallout from a trade-financing scandal in China.
Coal Miners Flood Market
Miners are shoveling more metallurgical coal on to a global market already awash with the steelmaking commodity, delaying any recovery in prices that are at multiyear lows.
U.K. Regulator Says HSBC Breached SME Loan Rules
HSBC was criticized by the U.K.’s antitrust regulator for breaching its rules by forcing small and medium-sized businesses to open business accounts to get a loan.
Turkish Bank Boosts Greek Parent
Turkey’s Finansbank plans to increase its share capital buffers by 25% in a secondary public offering of stock, a move designed to shore up the finances of its Greek parent, National Bank of Greece.
Eurozone Economy Still 'In Danger Zone' Says ECB's Mersch
Yves Mersch, a member of the European Central Bank’s Executive Board, warned that the eurozone economy was still fragile and authorities needed to adapt regulations to stimulate demand for asset-backed securities.
Markets Are Diverging in the Emerging World
India and Indonesia have benefited from perceptions new leaders will help businesses. The story is different in Brazil, South Africa and Turkey.
Seeking Positives in Negative Yields
Some European bond yields have gone negative as rates hit record lows and lenders are looking for places to park their surplus cash.
Investors See Reasons to Jump Into U.S. Markets
A resurgent dollar is remaking the investment landscape as Fed stimulus ends, in a shift many fund managers expect will propel U.S. stocks, and even bonds, to fresh gains.
Oil Tanks as Supply Overwhelms Demand
A global glut of oil sent prices skidding this summer, and demand is expected to remain soft in the coming months.
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