China-Led Infrastructure Bank Secures AAA Rating from Fitch
Beijing-based Asian Infrastructure Investment Bank secured an AAA rating by Fitch, after receiving the same rating from Moody’s Investors Service at the end of June.
The Dow Jones Industrial Average and the S&P 500 closed at records Friday, as investors anticipated low interest rates for the foreseeable future.
Vanguard CEO Bill McNabb plans to step down in January after leading the indexing pioneer through a decade when it emerged as the world’s second-largest money manager.
The Congressional Budget Office estimates President Trump’s budget proposal would shrink deficits by nearly a third over the coming decade, but not nearly as much as the White House projects.
Hunter Harrison, the new CSX chief, is promising to jolt the company’s culture and implement tighter schedules, faster trains and less downtime. One casualty of the new plan: napping breaks.
One of China’s most prolific overseas acquirers, the airlines-to-hotels conglomerate HNA Group, is drastically slowing its deal making, suggesting a government crackdown on debt may be crimping its global ambitions.
A Chinese-backed consortium made an offer for one of the world’s largest warehousing companies, Global Logistic Properties, in what would be the biggest deal ever recorded in Southeast Asia.
America’s car-sharing industry is struggling as major operators scale back because of weak demand in certain cities, vandalism and competition from ride-hailing services.
The head of the Consumer Financial Protection Bureau shot back at a fellow top financial regulator over a new regulation banning forced arbitration, saying there was “no basis” for his counterpart’s claim that the rule puts the federal banking system at risk.
Early optimism that President Donald Trump would be able to revitalize the U.S. economy is fading as Congress struggles to pass major legislation, The Wall Street Journal’s monthly survey of economists finds.
The U.S. ran a budget deficit in June amid higher government spending and steady revenues. Government spending exceeded revenues by $90 billion last month, the Treasury Department said.
Fed Chairwoman Janet Yellen said in her second day of testimony that a stronger labor market and rising prices of imported goods supported her view that the downturn in inflation would prove transitory.
The Federal Communications Commission opened a new inquiry into ways to curb unwanted robocalls Thursday, with the aim of deterring use of fake phone numbers--a tactic known as spoofing that has been a major factor in the current epidemic.
A gauge of U.S. business prices ticked up in June, another signal of moderating inflation pressures.
Roku, which makes streaming media devices and software, is preparing an initial public offering it expects to launch before year-end, according to people familiar with the company’s plans.
China is both the key market for luxury groups and the most advanced market for e-commerce. No wonder tech groups and luxury groups are scrambling to get into the online luxury business.
Investors are diving into overseas-stock funds while ditching expectations for a rebound in the dollar, the latest market ripple of the greenback’s surprise 2017 slide.
Greek carrier DryShips sold vast sums of discounted shares to an offshore firm and propped up prices with “reverse splits,” sending investors on a wild ride that, for many, ended with steep losses.
The U.K. securities regulator is considering making it easier for state-owned companies to list on the London Stock Exchange, potentially giving it an edge in its battle with the New York Stock Exchange to woo Saudi Aramco.