Biden aides to host meeting on supply chain issues: White House

© Reuters. U.S. President Biden holds Cabinet meeting at the White House in Washington WASHINGTON (Reuters) – Two top White House aides will host a meeting on the resiliency of the U.S. supply chain amid a broader policy review on the issue, an official said on Thursday. White House press secretary Jen Psaki said the […]

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China issues draft rules on bank units’ sales of wealth management products

© Reuters. FILE PHOTO: A man rides an electric bike past the CBIRC building in Beijing BEIJING (Reuters) – China’s banking and insurance regulator issued draft guidelines on Friday on sales of wealth management products by commercial banks’ wealth management subsidiaries. China will allow such subsidaries to act as sales agents for wealth management products […]

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China issues national security rules on foreign investment

SHANGHAI (Reuters) – China published rules on Saturday for reviewing foreign investment on national security grounds, potentially broad measures that it insisted did not amount to protectionism. The review system announced by the National Development and Reform Commission (NDRC) covers foreign investments in military sectors and the acquisition of controlling stakes in such sectors as […]

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EU says Brexit trade deal still snagged on three issues: diplomats

2/2 © Reuters. Puzzle with printed EU and UK flags 2/2 By Gabriela Baczynska and John Chalmers BRUSSELS (Reuters) – The European Union and Britain remain at odds in last-ditch trade talks over fishing rights, guarantees of fair competition and ways to solve future disputes, even though they are very close to agreement on other […]

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Southwest Airlines issues first furlough notices as talks with unions stall

© Reuters. FILE PHOTO: Southwest Airlines planes are seen at LAX airport in Los Angeles By Tracy Rucinski (Reuters) – Southwest Airlines (N:) said on Friday it has sent notices of potential furloughs to 42 parts inventory workers after talks with one union group stalled over pay cuts the airline argues it needs from all […]

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U.S. issues fresh Iran-related sanctions targeting state oil sector

2/2 © Reuters. Senate’s Committee on Banking, Housing, and Urban Affairs hearing 2/2 WASHINGTON (Reuters) – The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran. The U.S. Treasury Department in a statement said it […]

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ForexLive European FX news wrap: Risk rally marches on, oil stumbles on OPEC+ issues

Forex news from the European trading session – 3 June 2020 Headlines: Markets: EUR leads, AUD lags on the day European equities higher; E-minis up 0.4% US 10-year yields up 0.8 bps to 0.693% Gold down 0.4% to $ 1,720.66 WTI down 1.6% to $ 36.20 Bitcoin up 0.9% to $ 9,608 Stocks continue to […]

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China regulator issues rules on online bank lending to curb risks

© Reuters. A man rides an electric bike past the CBIRC building in Beijing BEIJING (Reuters) – China’s banking and insurance regulator on Saturday issued draft rules on commercial banks’ online lending business, banning the use of such loans for riskier investments and capping banks’ online consumer credit, in a move to rein in financial […]

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