Bloomberg Stocks fell with the dollar and Treasuries climbed as investors questioned the likelihood of Congress passing President Donald Trump’s fiscal agenda soon, particularly in light of a repudiation in Tuesday’s US elections. Oil slid for a second day. The S&P 500 Index and Dow Jones Industrial Average were lower, dragged down by financial firms. European shares slipped following disappointing ...

Bloomberg After outshining some of Wall Street’s biggest and best this year, trading results at France’s largest banks are crashing back to earth. Leading the declines were Credit Agricole SA and Societe Generale SA, which both posted a revenue slump of about 25 percent, while BNP Paribas SA’s earnings from all trading activities—including bonds, equities and currencies—fell 15 percent. Only ...

Bloomberg For Southeast Asian central banks, monetary policy tightening is coming, but just not yet. Economists predict Thailand, the Philippines, and Malaysia will hold interest rates this week, though pressure is rising for policy makers to begin laying the groundwork for rate hikes. The Philippines and Malaysia are seen as among the first in the region to move in the ...

Bloomberg JPMorgan Chase & Co.’s head of global banking, Carlos Hernandez, said companies are only just beginning to “test out the limits of what is possible” for new stock sales and deals, driven by the strength of the world economy. “If economic fundamentals continue as they are now, next year the price of equities will continue to increase, the size ...

Bloomberg A US regulator agreed to let Barclays Plc pay $105 million to resolve claims that the bank manipulated western US electricity markets, avoiding a trial over a proposed record penalty more than four times as high. The deal ends a court battle over a $470 million fine by the Federal Energy Regulatory Commission tied to an alleged scheme in ...

Bloomberg British pay packets are starting to pick up as the availability of workers declines, according to a network of businesses across the country monitored by the Bank of England. Pay growth has edged up recently and is expected to be somewhat higher in 2018 than this year, the BOE said in its Agents’ Summary. Settlements next year will likely ...

Bloomberg Credit Agricole SA’s slump in third-quarter trading revenue rivaled that of Societe Generale SA as the French lender paid for its focus on bond markets. Sales from trading fell 28 percent to 462 million euros ($535 million), Credit Agricole, based in a Paris suburb, said in a statement on Wednesday. It posted one of the weakest trading quarters of ...

Bloomberg Once Southwest Airlines Co. starts flying to Hawaii next year, it may well add a compelling wrinkle to its schedule: flights between the islands. The carrier is mulling whether to include some in-state travel along with its trans-Pacific routes, which the company plans to offer starting next year. Southwest Chief Executive Officer Gary Kelly said that island-hopping flights are ...

Bloomberg Singapore Airlines Ltd said profit almost tripled last quarter, fuelled by an increase in passenger and cargo traffic, even as it warned of challenges as rivals add capacity in key markets. Net income in the three months through September rose to S$189.9 million ($139 million) from S$64.9 million a year earlier, Southeast Asia’s biggest carrier said in a statement. ...

Bloomberg Poland will build central airport for as much as 35 billion zloty ($9.6 billion) by 2027, reversing a strategy based on expanding smaller regional ports with the help of funds provided by the European Union. The facility, which will probably be located in central Poland between Warsaw and Lodz, will be capable of servicing as many as 100 million ...