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Bloomberg The partial US-China trade agreement is a “game changer” for technology stocks, at least according to one analyst. The deal announced by President Trump in the last hour of trading points to “brighter days” in relations between the two countries and makes it unlikely the US will follow through with the more than $160 billion in tariffs slated to ...

Bloomberg The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark interest rate it uses to guide monetary policy after turmoil rocked money markets in September. The central bank, in a statement, stressed that “these actions are purely technical measures to support the effective implementation” of interest-rate policy ...

Bloomberg China’s central bank has clarified the definition of standard assets in the nation’s $14.1 trillion investment-product industry as it moves toward an enforcement deadline. The People’s Bank of China (PBOC) published draft rules to define what qualifies as standard credit assets. These assets refer to fixed-income securities, including government bonds, central bank bills, corporate bonds, debt financing instruments of ...

Bloomberg The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for this year, mainly because of a deceleration in domestic demand. India’s gross domestic product growth is projected at 6% in the fiscal year started on April 1, compared with 7.5% forecast in ...

Bloomberg Chime, an online banking startup with more than 5 million customers, is close to raising new funding from investors at a valuation that could be north of $5 billion, according to a person familiar with the matter. The funding round is slated to be led by DST Global, said the person, who asked not to be identified discussing private ...

Bloomberg Two Senate Democrats are urging three payment processing companies to reconsider their involvement with the Libra cryptocurrency project envisioned by Facebook and a coalition of other groups. Libra poses risks not only to global financial systems, but also to the companies’ broader payments business, Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii said in letter to ...

Bloomberg Revolut has hired JPMorgan Chase & Co to raise $1.5 billion in debt and equity, Sky News reported, without saying where it got the information. The US investment bank has been tasked with selling $500 million worth of shares and $1 billion of convertible loans for the UK bank in the coming months, the report said. The loans could ...

Bloomberg Walmart Inc’s Greg Foran, the architect of the revival of its US stores, is departing to run an airline in his native New Zealand, leaving a big hole at the world’s largest retailer on the cusp of the holiday season. John Furner, 45, was named to replace Foran, according to a statement. A close friend of Chief Executive Officer ...

Bloomberg United Airlines Holdings Inc gave up on carrying passengers on Boeing Co’s 737 Max this year, removing the grounded jet from its schedule until January 6. The carrier, which had previously pulled the aircraft until Decmber 19, is cancelling more than 8,000 flights from October through early January as its 14 Max aircraft remain banned from flying. Boeing’s best-selling ...

Bloomberg Boeing Co stripped Chief Executive Officer Dennis Muilenburg of his role as chairman, leaving him little margin for error in his final push to resolve the crisis engulfing the company’s 737 Max jetliner. Separating the CEO and chairman roles will let Muilenburg focus on getting the grounded jet back in the air, Boeing said in a statement. While the ...