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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

The Wall Street Journal

Norway Considers Pulling Its $1 Trillion Wealth Fund Out of Oil Stocks

Fri, Nov 17, 2017

Norway’s sovereign wealth fund said it may stop buying oil and gas stocks, a move that would deprive the energy sector of investment from a $1 trillion asset manager. ...

Investors Holding Venezuela Default Protection Get $1 Billion Payday

Fri, Nov 17, 2017

Investors who hold insurance-like derivatives against a Venezuelan default will receive a payout of more than $1 billion following a financial industry panel ruling, the latest sign that Wall Street is bracing for a messy debt restructuring. ...

Yield-Hungry Investors Follow Their Appetites to Egypt

Mon, Nov 13, 2017

Bond-fund managers and other investors have poured money into Egyptian government debt this year, following a sharp drop in the Egyptian pound that made the debt more attractive to foreign buyers....

BOJ's Kuroda Says Easy-Money Policies to Persist to Ensure Higher Inflation

Mon, Nov 13, 2017

Bank of Japan Governor Haruhiko Kuroda said Monday that the central bank will continue its monetary-easing efforts to ensure that it meets its 2% inflation target. ...

Sterling Investors Brace for Big Moves

Tue, Nov 14, 2017

The pound fell by as much as 1% against the dollar on Monday on concerns about the state of British politics before recovering slightly, one of many recent bouts of volatility for this currency....

U.S. Stocks Edge Up to Start the Week

Mon, Nov 13, 2017

U.S. stock indexes inched higher amid a flurry of corporate news. The Dow industrials and S&P 500 added 0.1%. ...

Is the Emerging-Markets Party Over?

Mon, Nov 13, 2017

After pouring money into emerging-market stock and bond funds in the second and third quarters, investors seem to have turned off the spigots for now. ...

UBS Reorganizes Investment-Banking Unit

Thu, Nov 09, 2017

UBS is reshuffling the top ranks of its investment bank as the Swiss firm seeks to become more nimble and improve its performance in the critical U.S. market....

Bill to Sanction Banks Dealing With North Korea Advances

Wed, Nov 08, 2017

Chinese banks risk steep penalties for aiding North Korea, under new legislation that sailed through the Senate banking committee Tuesday. ...

Men Linked to 1MDB Financier Failed in Bid to Buy Bank

Tue, Nov 07, 2017

Two men with links to the alleged mastermind of a multibillion-dollar Malaysian financial scandal launched a bid last year to buy a controlling stake in a bank in Mauritius—prompting an investigation by regulators....