News Wire

African banks to fund construction of world’s biggest marine diamond mining vessel

19/06 Five African commercial banks have partnered in a $375 million financing deal to build a new diamond mining vessel for a subsidiary of Anglo American's diamond unit De Beers.  Full story

U.S. tells India it is mulling caps on H-1B visas to deter data rules -sources

06h56 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

Trump-Xi meeting unlikely to resolve trade differences, could lead to more talks-media

06h45 Upcoming trade talks between the leaders of China and the United States are unlikely to immediately resolve major disagreements between the two sides but could start a new phase in negotiations, Chinese state media said. . .  Full story

China, HK stocks climb on hopes of trade truce, policy easing

06h42 China and Hong Kong stocks extended their rally on Thursday as signs that Beijing and Washington are returning to the negotiating table after a long lull lifted risk appetite.. . .  Full story

EXCLUSIVE-Italy coalition drafts bill to reform central bank's management

06h30 Italy's coalition has drawn up a bill aimed at giving the government and parliament the right to name the central bank's five-member board, ending the current system by which appointments are made mainly internally.. . .  Full story

Most Asian currencies firm as Fed's easing signals hobble dollar

06h24 Most Asian currencies edged higher on Thursday after the U.S. Federal Reserve flagged possible interest rate cuts later this year at its policy meeting, putting the dollar on the defensive. While. . .  Full story

Copper, nickel at 3-week high as dollar eases on Fed rate cut hints

06h19 London copper and nickel prices climbed to a more than three-week high on Thursday on a weaker U.S. dollar as investors took Federal Reserve's comments as a sign of possible interest rate cuts later. . .  Full story

Indonesia plans more tax breaks to lift GDP growth - finmin

06h12 Indonesia plans to cut several different taxes to boost investment and accelerate economic growth, its finance minister said on Wednesday, after noting the government's 2019 growth target may be hard to reach.. . .  Full story

BOJ holds fire on policy, joins Fed in warning of mounting global risks

06h08 The Bank of Japan kept monetary policy steady on Thursday, preferring to save its dwindling ammunition as a darkening global growth outlook prompts other major central banks to drop hints of additional stimulus.. . .  Full story

NZ Q1 GDP growth steady, but soft underbelly keeps more rate cuts on table

06h03 New Zealand's economy expanded at a steady pace in the first quarter, thanks to solid construction activity, but policymakers are expected to cut rates again before year-end to underpin growth in the face of. . .  Full story

SE Asia Stocks-Most gain as Fed hints at rate cuts; Philippines slips

06h02 Most Southeast Asian stock markets edged higher on Thursday, as dovish comments from the U.S. Federal Reserve boosted global equities, while signs that Sino-U.S. trade talks were set to resume also helped sentiment.. . .  Full story

Evergrande-backed Shengjing Bank halts share trading, cites proposed transaction

05h58 Chinese regional lender Shengjing Bank Co Ltd halted trading in its Hong Kong-listed shares on Thursday, citing a proposed transaction.. . .  Full story

Gold sprints to over 5-year peak after Fed hints at rate cuts

05h29 Gold prices surged as much as 1.8% to their highest in more than five years on Thursday after the U.S. Federal Reserve signalled possible interest rate cuts later this year, sending the dollar and. . .  Full story

Stocks rally, bond yields plunge as Fed fuels rate cut hopes

05h23 A gauge of global stock markets rose on Thursday while the dollar dropped and global bond yields plunged, with the 10-year U.S. yield falling below two percent, after the Federal Reserve signalled possible interest. . .  Full story

Corn drops to 1-week low, soybeans ease on fund-selling

04h59 Chicago corn futures slid to a one-week low on Thursday, falling for a third consecutive session, as prices were pressured by fund selling although planting delays provided a floor under the market.. . .  Full story

S.Korea stocks steady on Fed's expected stance; won hits 6-week high

04h41 Round-up of South Korean financial markets: ** South Korea's KOSPI index traded flat early on Thursday after the U.S. Federal Reserve indicated. . .  Full story

Australia's central bank flags lower rates in jobs hunt

04h37 Australia's top central banker on Thursday said it was not "unrealistic" to expect a further reduction in interest rates given ample slack in the labour market, and called on the government for action on. . .  Full story

Nikkei hovers at 6-week highs after dovish Fed statement

04h34 Japan's Nikkei rose on Thursday and hovered at six-week highs after the U.S. Federal Reserve signalled it was ready to cut interest rates to support the economy, but gains were. . .  Full story

Australian shares eke out small gains as miners plunge; NZ dips

04h26 Australian shares edged up on Thursday, tracking the broader global rally after the U.S central bank signalled possible interest rate cuts although wider gains were capped by a weaker mining sector on concerns about. . .  Full story

Australia's Caltex shares dive as bleak economic conditions hit profit

03h58 Caltex Australia on Thursday said it expects first-half profit to be less than half of what it was a year earlier, sending its shares down a fifth as the petrol station owner grapples with. . .  Full story

Fed sees case building for interest rate cuts this year

03h49 The U.S. Federal Reserve on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade. . .  Full story

Mining giant Rio Tinto cuts key iron ore supply forecast again, shares hit

03h13 Mining giant Rio Tinto Ltd on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April, citing operational. . .  Full story

COLUMN-United States aims to reshape the critical minerals world: Andy Home

03h00 The United States has laid out its strategy to rebuild collapsed domestic supply chains for metals and minerals deemed "critical" to its defence and manufacturing sectors.. . .  Full story

Oil prices rise as U.S. stockpiles drop, OPEC agrees meeting date

02h51 Oil prices rose over 1 percent on Thursday as official data showed U.S. crude stocks fell more than expected and as OPEC and other producers finally agreed a date for a meeting to discuss. . .  Full story

Dollar on defensive after Fed signals readiness to cut rates

02h46 The dollar was on the defensive on Thursday after the Federal Reserve signalled it was ready to lower interest rates to combat growing global and domestic risks.. . .  Full story

Trump believes he has authority to demote Fed's Powell - Bloomberg

02h30 U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg. . .  Full story

Goldman Sachs changes Brazil interest rate call, now sees aggressive easing

02h16 Goldman Sachs on Wednesday changed its forecast for Brazilian interest rates, lowering its year-end call for the central bank's benchmark Selic rate to a new low of 5.50% compared with its previous forecast of. . .  Full story

Bank of Korea chief: global conditions have changed drastically

01h51 The head of South Korea's central bank said on Thursday global economic conditions have changed very drastically since its last meeting in May and that the outcome of the U.S. Federal Reserve's policy meeting. . .  Full story

Trump plan to sell arms to Saudis faces Senate vote

01h13 The U.S. Senate will vote on Thursday on legislation seeking to block President Donald Trump's plan to complete $8 billion in arms sales to Saudi Arabia and the United Arab Emirates, lawmakers said, making clear. . .  Full story

Airbus seals deals with big buyers, following Boeing's MAX sale

01h07 Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back a day after a surprise order by British Airways' owner for rival Boeing's grounded 737 MAX. . .  Full story

Bank of England to plough lone furrow with rate hike message

01h01 The Bank of England looks set to plough on alone among major central banks on Thursday by sticking with its message that it plans to raise interest rates, just as trade wars and a. . .  Full story

Brazil central bank holds rates, warns of reform risks

00h57 Brazil's central bank held its benchmark interest rate at a record-low 6.50% on Wednesday, as expected, holding back from signaling looser policy because of doubts on economic reforms.. . .  Full story

Union Pacific CEO signals caution on Trump's China tariff threat

00h54 Union Pacific Corp's chief executive said another round of tariffs on Chinese goods could badly hurt his railroad and the U.S. economy, but he feels U.S. President Donald Trump is listening to his concerns.. . .  Full story

Australia's Bank of Queensland says CFO Matt Baxby to resign

00h48 Bank of Queensland Ltd said on Thursday Chief Financial Officer Matt Baxby will resign, which comes two weeks after the Brisbane-based lender appointed a new chief executive officer.. . .  Full story

Australia shares set to advance on dovish U.S. Fed outlook, NZ up

00h36 Australian shares are set to open marginally higher on Thursday, as the U.S. Federal Reserve's indication of potential rate cuts this year calmed worries of slowing global economic growth. The local. . .  Full story

T-Mobile prepares for Boost auction if Dish Network talks stall -sources

00h22 T-Mobile US Inc is preparing an alternative plan if a deal to sell wireless assets to Dish Network Corp falls through, according to two sources familiar with the matter.. . .  Full story

Dell, HP, Microsoft, Intel oppose proposed tariffs on laptops, tablets

00h05 Dell Technologies Inc, HP Inc , Microsoft Corp and Intel Corp on Wednesday opposed U.S. President Donald Trump's proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.. . .  Full story

What changed for the Fed in seven weeks? Trade risks top the list

00h03 On May 1, the Federal Reserve viewed the American economy as having a solid footing and risks to the outlook were muted.. . .  Full story

EU leaders haggle over climate, top jobs

00h00 The European Union's 28 national leaders meet in Brussels on Thursday to haggle over how ambitious their climate goals should be and who should navigate the bloc in coming years.. . .  Full story

Slack reference price for direct listing set at $26/shr

19/06 The New York Stock Exchange on Wednesday set the reference price for Slack Technologies Inc's direct listing at $26 per share.. . .  Full story

UK risks Scotland split, more austerity after a no-deal Brexit -Hammond

19/06 British finance minister Philip Hammond warned contenders in the race to become prime minister that a no-deal Brexit could pull the United Kingdom apart and would deprive Britain's next leader of the money needed. . .  Full story

U.S. Senate to vote Thursday on whether to block Trump Saudi arms sale plan

19/06 The U.S. Senate will vote on Thursday on legislation seeking to block President Donald Trump's plan to sidestep congressional review and go ahead with more than $8 billion in arms sales to Saudi Arabia. . .  Full story

Sierra Leone president opens bids for 7 km airport bridge

19/06 Sierra Leone's president opened a tender process on Wednesday for building a 7 km bridge at a cost of up to $2 billion to link Freetown to the country's only international airport.. . .  Full story

Argentina storms could delay wheat planting, expand area

19/06 Heavy storms that have hit eastern Argentina over the past few days will cause delays in planting of next season's wheat crop, but they could also help farmers grow more of the grain thanks. . .  Full story

Facebook called before U.S. Senate panel over digital currency project

19/06 Facebook Inc's plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on. . .  Full story

Corn down for 2nd session after five-year high; soy, wheat follow

19/06 U.S. corn futures fell about 2% on Wednesday, sagging for a second straight session as an absence of fresh bullish news prompted investors to book profits after multi-year highs set this week.. . .  Full story

Stocks gain, dollar weakens after Fed signals possible rate cuts

19/06 A gauge of global stock markets strengthened on Wednesday, bolstered by gains on Wall Street, and benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts over the. . .  Full story

Stocks approach record as Fed soothes Wall Street's fears

19/06 The S&P 500 approached a record high on Wednesday after the Federal Reserve signaled potential interest cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.. . .  Full story

Meat-loving Brazil joins the search for plant-based alternatives

19/06 Beef-crazy Brazil, with its all-you-can-eat steak houses, world-leading meatpackers and more cattle than people, is not the first place you might look for plant-based alternatives to meat.. . .  Full story

Senior U.S.-China trade negotiators to confer before Trump-Xi G20 meeting

19/06 Aiming to jumpstart dormant talks, the top U.S. trade negotiator said on Wednesday he will confer with his Chinese counterpart before next week's meeting between President Donald Trump and Chinese President Xi Jinping in Japan. . .  Full story

Latam FX firm as Fed meets expectations on rate cut signals

19/06 Latin American currencies firmed on Wednesday, with Brazil's real and Mexico's peso reversing session losses to trade higher after the Federal Reserve signaled possible rate cuts of as much as half a percentage point in. . .  Full story

Argentina economy starts 2019 in reverse with 5.8% drop

19/06 Argentina's economy contracted 5.8% in the first quarter of 2019, the country's statistics agency said on Wednesday, a reflection of the biting recession that has hammered domestic consumption and production.. . .  Full story

Oil prices little changed despite U.S. crude stock draw

19/06 Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities.. . .  Full story

U.S. yields slide after Fed signals rate cuts this year

19/06 U.S. Treasury yields retreated on Wednesday after the Federal Reserve held interest rates steady, as expected, but flagged possible rate cuts of as much as half a percentage point later this year as inflation. . .  Full story

Himalayan glaciers melting far faster this century - study

19/06 Himalayan glaciers have been melting twice as fast since the start of this century, underscoring the threat the climate crisis poses to water supplies for hundreds of millions of people across Asia, according to a. . .  Full story

Gold rises as Fed hints at rate cuts in 2019

19/06 Gold prices climbed on Wednesday after the U.S. Federal Reserve signalled interest rate cuts were possible later this year, as it responded to increased economic uncertainty and tepid inflation.. . .  Full story

Rio Tinto cuts iron ore shipments forecast from hub in Pilbara region

19/06 Rio Tinto Ltd said on Wednesday it was experiencing iron ore mine operational problems, particularly in the Greater Brockman hub in the Pilbara region in Australia, leading the miner to cut its shipments forecast. . .  Full story

UAW opposes Trump proposal to freeze fuel rules at 2020 levels -testimony

19/06 The United Auto Workers (UAW) will tell Congress on Thursday the union opposes the Trump administration's proposal to freeze fuel efficiency requirements at 2020 levels through 2026, according to written testimony.. . .  Full story

Dollar drops after Fed holds rates steady, risk assets gain

19/06 The dollar weakened on Wednesday and risk assets benefited after the U.S. Federal Reserve announced it held interest rates steady in June, but signaled a possible rate cut by the end of the year.. . .  Full story

Lloyd's to meet with insurers AIG, Chubb to boost U.S. business -CEO

19/06 Lloyd's of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday.. . .  Full story

What is Slack?

19/06 Slack Technologies Inc, whose instant messaging app has taken workplaces by storm, is scheduled to go public via a direct listing on June 20, instead of the more popular initial public offering route.. . .  Full story

Staff evacuated as rocket strikes near foreign oil firms in Iraq

19/06 A rocket hit a site in southern Iraq used by foreign oil companies on Wednesday, including U.S. energy giant ExxonMobil, wounding three people and threatening to further escalate U.S.-Iran tensions in the region.. . .  Full story

French ASN orders EDF to fix weldings on Flamanville nuclear reactor

19/06 French nuclear regulator ASN said in a statement on Wednesday that utilitiy EDF will have to repair eight faulty weldings that traverse the containment vessel at the nuclear reactor EDF is building in Flamanville, northern. . .  Full story

U.S. refiner Phillips 66 enters offshore oil export race

19/06 U.S. oil refiner Phillips 66 is proposing a deepwater crude export terminal off the U.S. Gulf Coast, the company said on Wednesday, challenging at least eight other projects aiming to send U.S. shale oil. . .  Full story

U.S. tells India it is mulling caps on H-1B visas to deter data rules-sources

19/06 The United States has told India it is considering caps on H-1B work visas for nations that force foreign companies to store data locally, three sources with knowledge of the matter told Reuters, widening. . .  Full story

U.S. targets Russian firm for allegedly helping N.Korea evade sanctions

19/06 The United States has sanctioned a Russian financial institution for allegedly helping North Korea evade financial sanctions by assisting a company linked to Pyongyang's primary foreign exchange bank, the U.S. Treasury Department said on Wednesday.. . .  Full story

Italy coalition drafts bill to reform central bank's management

19/06 Italy's coalition has drawn up a bill aimed at giving the government and parliament the right to name the central bank's five-member board, ending the current system by which appointments are made mainly internally.. . .  Full story

U.S. Gulf gasoline glut sparks rare tanker voyage to Australia

19/06 A gasoline cargo is set to make a rare voyage to Australia from the U.S. Gulf Coast as swelling stockpiles have suppressed regional prices, opening up this unusual arbitrage opportunity, sources familiar with the matter. . .  Full story

Airbus grabs China Airlines narrow-body jet order

19/06 Airbus unveiled an aircraft deal with Taiwan's China Airlines on Wednesday, snatching the carrier's medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British. . .  Full story

Momentum builds for EU leaders to agree carbon neutral 2050 pledge at summit

19/06 A push by Germany, France and other EU nations for the bloc to go carbon neutral by mid-century looks likely to be endorsed by EU leaders on Thursday, despite resistance from eastern European nations worried. . .  Full story

Britain's bankers call for more support, tax cuts after Brexit

19/06 Britain should create a new body to promote a positive "vision" for banking and cut taxes on the industry after failing to support the sector adequately ahead of Brexit, banking trade body UK Finance's. . .  Full story

GSK kicks off sale of $1.2 bln consumer health drugs -sources

19/06 GlaxoSmithKline (GSK) has kicked off the sale of some consumer health brands as it seeks to raise about 1 billion pounds ($1.26 billion) before pressing ahead with a spinoff of its consumer healthcare business, sources. . .  Full story

Britain's Lord Myners urges UK to investigate GAM-Greensill fund

19/06 A member of Britain's House of Lords said on Wednesday that the UK financial regulator should investigate the GAM Greensill Supply Chain Finance Fund in relation to the pricing of investments and activities of. . .  Full story

Czech owners of Skoda, VW cars qualify for $23 mln compensation, court says

19/06 A Prague district court has ruled that a number of Czech owners of Skoda and Volkswagen cars qualify for 533 million crowns ($23.30 million) in compensation linked to VW's diesel emissions scandal, the ruling seen. . .  Full story

EU summit draft conclusions back call for carbon neutrality by 2050

19/06 European Union leaders may agree to back going carbon neutral by 2050 on Thursday, according to language in the latest draft conclusions for their summit seen by Reuters.. . .  Full story

Copper holds near 3-week highs on trade talk optimism

19/06 Copper prices stayed near three-week highs on Wednesday on hopes that renewed talks between China and the United States will defuse a trade dispute that investors fear will damage economic growth and metals demand.. . .  Full story

Winners and losers in Trump's trade war with China

19/06 U.S. companies in everything from computer chips to tractors have said President Donald Trump's trade wars, including disputes with Beijing and global steel tariffs, have had an impact on them.. . .  Full story

Italy central bank chief says bond spread is ridiculous

19/06 Italy's central bank chief, Ignazio Visco, described the difference between Italian and German sovereign bond yields as ridiculous, saying it reflected unfounded fears that Rome could fail to repay its debts or might exit from. . .  Full story

Hungarian IT firm 4iG eyes acquisitions to expand - CEO

19/06 Hungarian information technology firm 4iG plans to grow through debt-fuelled acquisitions in the central European region, its CEO and largest shareholder Gellert Jaszai told Reuters on Wednesday.. . .  Full story

Investors rush into U.S. bond funds as trade wars weigh on confidence

19/06 Concerns about a weakening global economy prompted investors to send nearly $11.9 billion into U.S. taxable and municipal bond mutual funds and exchange-traded funds last week, the largest net inflows of any week since February,. . .  Full story

Miners, strong sterling drag down FTSE 100

19/06 Britain's main index slipped on Wednesday, weighed down by miners after Rio Tinto cut its forecast for shipments from an Australian region, while sterling's gains ahead of Bank of England meeting dragged down exporters.. . .  Full story

Privatisation of Slovenia's Abanka will see it merge with domestic rival

19/06 Slovenia said on Wednesday that its second biggest bank Nova KBM (NKBM) will buy the country's No. 3 lender Abanka after submitting the winning bid in a scheme to privatise the lender.. . .  Full story

CEOs of some U.S. firms to meet Chinese Premier Li this week - Bloomberg

19/06 Top executives of at least five U.S. companies are scheduled to meet Chinese Premier Li Keqiang this week, Bloomberg reported on Wednesday, citing people familiar with the matter.. . .  Full story

U.S. fund Apollo presents rescue plan for Italy's Carige-sources

19/06 U.S. private equity fund Apollo Global Management has presented a draft rescue plan for Italy's troubled bank Carige, three sources close to the matter said.. . .  Full story

European stocks tread water, all eyes on Fed

19/06 European stock markets closed little changed on Wednesday in anticipation of the U.S. Federal Reserve policy statement, a day after European Central Bank's dovish calls raised hopes of a more accommodative Fed.. . .  Full story

Calm returns to euro zone bond markets after Draghi storm

19/06 Euro zone bond yields rose on Wednesday, with a degree of calm returning to markets a day after a surprise hint from ECB chief Mario Draghi of more stimulus triggered the biggest one-day fall. . .  Full story

Macron to discuss Renault/Nissan with Japan's Abe next week - Elysee official

19/06 French President Emmanuel Macron will discuss the situation regarding the alliance between carmakers Renault and Nissan with Japanese Prime Minister Shinzo Abe next week, said an official at Macron's Elysee office.. . .  Full story

Sterling rises for a second day before central bank meeting

19/06 The pound rallied more than half a percent on Wednesday as investors trimmed their short bets before the Bank of England's policy meeting on Thursday where it may strike a relatively more confident tone. . .  Full story

U.S. oil stockpiles fall across the board, crude more than expected -EIA

19/06 U.S. oil stockpiles fell across the board last week, with crude inventories dropping more than expected and refined products posting surprise drawdowns due to a rise in refining and crude exports, and drop in. . .  Full story

Detained U.S. investor loses control of Russia's Vostochny Bank

19/06 Russian private equity fund Baring Vostok said on Wednesday it has ceded a 9.99% stake in Vostochny Bank to the lender's other big shareholder following a legal battle, meaning it is no longer the. . .  Full story

Timeline of EU disciplinary procedure over Italy's debt

19/06 The European Commission has asked Italy to adopt new measures to cut its growing public debt and avoid an EU disciplinary action that could lead to financial sanctions and stricter oversight of the country's. . .  Full story

Markets see long fight ahead as ECB battles low inflation expectations

19/06 Mario Draghi's dramatic Tuesday hints of further monetary easing by the European Central Bank has stabilized collapsing euro zone inflation expectations, but the departing ECB chief will struggle to calm market fears of Japan-style economic. . .  Full story

Oil group Total hopes new supercomputer will help it find oil faster and more cheaply

19/06 Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper. . .  Full story

PPC seeks capacity mechanism from EU for Greek coal unit

19/06 Greece's Public Power Corp (PPC) said on Wednesday that a 1.4 billion euro ($1.6 billion) coal-fired plant project is at risk without a capacity remuneration mechanism, following a jump in carbon emissions costs.. . .  Full story

Who pays Trump's tariffs, China or U.S. customers and companies?

19/06 U.S. President Donald Trump says China pays the tariffs he has imposed on $250 billion of Chinese exports to the United States.. . .  Full story

India plans to exempt electric vehicles from registration fee

19/06 India has issued draft rules to exempt electric vehicles from paying registration fee, the government said in a statement on Wednesday, as it looks to cut its dependence on fossil fuels.. . .  Full story

U.S. dependence on China's rare earth: Trade war vulnerability

19/06 Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.. . .  Full story

U.S. trade chief expects to meet China's vice premier ahead of G20

19/06 The top U.S. trade negotiator on Wednesday said he expects he and the U.S. Treasury secretary will meet the Chinese vice premier ahead of the G20 summit in Japan later this month.. . .  Full story

Global economic slowdown hits oil consumption: Kemp

19/06 Global oil consumption rose last year at the slowest rate since 2014, as higher prices and broad deceleration in manufacturing activity and freight movements took their toll on fuel use and petrochemicals.. . .  Full story

Deutsche Bank seeks to shed risky assets as part of overhaul - sources

19/06 Deutsche Bank is aiming to cut up to a quarter of its riskiest assets in the next few years, people familiar with the matter said, shedding more light on how the German lender is. . .  Full story

TSX flat ahead of U.S. Fed statement

19/06 Canada's main stock index was subdued on Wednesday, as investors adopted a cautious approach ahead of the Federal Reserve's policy statement that could open the door to future interest rate cuts.. . .  Full story

U.S.-China trade war - the levers they can pull

19/06 The trade war between the United States and China has gone beyond tariffs as the countries increase pressure on each other to cede ground. U.S. President Donald Trump and Chinese. . .  Full story