All Finance News
Top stories summarized by our editors
9/24/2018

There's no deadline for completion of the Securities and Exchange Commission's proposed rule governing investment advice, Chairman Jay Clayton says. "It's not this month, probably not next month," he says.

9/24/2018

The British pound fell 1.5% Friday after Prime Minister Theresa May called on the EU to provide an alternative Brexit proposal. EU leaders have rejected May's plan on trade and the UK-Irish border.

More Summaries:
EU, Theresa May
9/24/2018

Markets are tipped to scour remarks from four Bank of England officials as they make the first public appearances by central bank leadership since an interest-rate increase last month. Traders see a 40% chance of a rate increase before Brexit in March and a more than 70% chance of one in May.

More Summaries:
BoE
9/24/2018

Technical analyst Julius de Kempenaer's proprietary Relative Rotation Graph for the Canadian health care sector shows movement into the leading quadrant supported by a long tail, which suggests movement toward a former high of about $155. Relative Rotation Graphs also show that the energy sector is weakening and that the financial-services sector is building momentum.

Full Story:
StockCharts
9/24/2018

Flooding caused by rainfall from former Hurricane Florence is reaching coastal areas of South Carolina, where as much as 10 feet of floodwater due to rising river levels this week could force the evacuations of as many as 8,000 people. In North Carolina, insurance agents are visiting hard-hit communities to assist residents in filing claims.

9/24/2018

Three CEOs discuss which international markets provide the best opportunities for their companies. Get the CEOs' perspective here.

Full Story:
Nareit
9/24/2018

Premier Li Keqiang says China will cut nontariff barriers to trade faced by foreign firms in response to US tariffs on an additional $200 billion in Chinese goods. His comments come as Asian manufacturers shift production from China amid fears US President Donald Trump will levy duties on a further $267 billion in Chinese imports.

Full Story:
City A.M. (London)
More Summaries:
Premier Li Keqiang, Donald Trump
9/24/2018

Regulatory changes have led to falling liquidity in US and European bond markets and have forced institutional investors to move into fixed-income exchange-traded funds, research from Greenwich Associates shows.

9/24/2018

Central bankers will be unable to head off another crisis in financial markets because they have exhausted the twin policy responses of quantitative easing and interest-rate reduction, says Claudio Borio, head of the Monetary and Economic Department at the Bank for International Settlements. Fallout is inevitable from turmoil in emerging markets, Borio says, and public anger about globalisation has made a response difficult.

9/24/2018

The European Banking Authority has been asked by the European Commission to investigate supervision of Danske Bank's Estonian division in light of allegations of money laundering. The commission has also written the Danish and Estonian governments requesting information.