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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

Appeals Court Overturns Convictions of Two Traders in Libor Scandal

Wed, Jul 19, 2017

An appeals-court panel overturned the convictions of two former Rabobank traders in the scandal over attempted manipulation of the London interbank offered rate, saying the men’s Fifth Amendment rights were violated. ...

Japan's Inflation Dream Slips Further Into Future

Thu, Jul 20, 2017

Japan’s central bank pushed back its forecast for reaching 2% inflation for a sixth time under Governor Haruhiko Kuroda, again highlighting the country’s struggle to achieve stable price growth....

Chinese Firm Launches Bid to Make Credit Ratings More Transparent

Thu, Jul 20, 2017

China’s Dagong Global aims to boost transparency in the country’s often-murky world of corporate credit ratings, with plans for a digital credit-rating platform that requires companies to submit financial information daily....

Michael Sandberg Dragged HSBC Into the Post-Colonial World

Fri, Jul 14, 2017

When he became chairman of Hongkong Bank in 1977, he realized the future would look very different. He began the series of deals that would create today’s global HSBC Holdings....

India Hedge Funds Outpace Country's Hot Stock Market

Thu, Jul 13, 2017

India-focused hedge funds were up 24% in the first half, better than funds focused on any other single strategy or country—and better than India’s benchmark Sensex index, whose 16% gain is among the best in the world....

As Aramco Listing Looms, U.K. Regulator Mulls Rule Change

Fri, Jul 14, 2017

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....

Behind Hong Kong's Stock-Market Surge: An Old Bank and a Millennial Tech Giant

Fri, Jul 14, 2017

A 20% rise in the shares of HSBC this year and a 50% jump in Tencent have helped push the benchmark Hang Seng Index to its highest level in two years. ...

U.S. Farmers Have a Lot to Gain From China's Flagging Production

Thu, Jul 13, 2017

A string of agricultural overhauls has set up China to import more grains and other commodities, with significant consequences for global markets. Farmers from Brazil to the U.S. and Thailand stand to benefit....

Hedging Ebbs as U.S. Currency Weakens

Thu, Jul 13, 2017

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. ...

RBS to Pay $5.5 Billion to Settle Mortgage-Backed Securities Probe

Wed, Jul 12, 2017

Royal Bank of Scotland agreed to pay $5.5 billion to a U.S. agency to settle a probe into its sale of toxic mortgage-backed securities in the runup to the financial crisis....