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Asia stock traders hit ‘buy’ as US-China trade magic returns

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Bloomberg The power of news headlines is back, and a renewed dose of trade optimism is finally lifting Asian stocks from a six-week low. To be exact, the regional benchmark is heading for its biggest jump since December 3, when the market reacted to Presidents Donald Trump and Xi Jinping’s dinner in Buenos Aires. Huawei Technologies Co.’s chief financial officer ...

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Fed piles up $66 billion in paper losses

Fed piles up $66bn in securities holdings losses copy

Bloomberg The Federal Reserve is piling up unrealised losses on its $4.1 trillion bond portfolio, raising questions about its finances at a politically dicey moment for the independent central bank. The Fed had losses of $66.5 billion on its securities holdings on September 30, if it marked them to market, according to its latest quarterly financial report. That dwarfed its ...

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Credit Suisse set to buy back $3bn shares

Credit suisse to buy back $3bn shares in 2 years copy

Bloomberg A year ago, Tidjane Thiam asked Credit Suisse Group AG shareholders to stay with the bank through its restructuring. Those that did may still be left wanting more. Switzerland’s second-largest bank plans to buy back as much as 3 billion francs ($3 billion) of shares in the next two years, while increasing the dividend by at least 5 percent ...

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