Despite territorial dispute, Philiipine Pres. Rudy Duterte announces posibble trade exchange with China and Russia.
Tags: US
SEC OKs Fund Equity Rules
The Security and Exchnage Commission approves the ammended rules for mutual fund investors. The highest United States securities regulator approved major new rules designed to protect mutual fund investors from the effects of a sudden sell-off, Thursday.
White House Visit Linked to Malaysian 1MDB Malaysian Fund
The US-Malaysia tie up is being sorrounded with anomally as regards to the 1MDB Malaysian Fund scandal.
US Fed action seemingly widens rate for T-bonds
The national treasurer had traced an undersubscription because of the risks related to rate hike. He said that there is a heightened uncertainly. This resulted an uncertainty of the prospective U.S. Fed action as well.
International Monetary Fund Slashes U.S. Growth Prospects
IMF cuts its estimate for U.S eonomic growth to 1.6 percent from 2.2 percent it had predicted in July.
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Mexico will ship up to 500,000 metric tons of sugar to U.S. without any modification on the agreement being signed by the two nations on December 14. U.S. consumers prefer sweeteners from sugarcane over sweeteners manufactured from genetically modified beets.
The US government doesn't seem be in favor of giving total access to Iran on its financial system. US President Barack Obama said the government is not looking to permit the use of its financial system in dollar-denominated deals with Iran.
Even if Huawei already has a foothold in Cuba, Google will still provide internet access and WiFi. This is according to the U.S. president during his historic visit to Cuba. Competition will drive faster and more reliable internet service to the island nation.
Citing drop in revenues, Moody's Investors Service has lowered Houston's $3 billion of general obligation debt by one level to Aa4. Lower oil prices and restrictions on raising taxes are keeping further pressure on Houston's economy.
Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.
Led by energy and banking stocks, equities on Wall Street surged after the latest data buoyed investor confidence. Crude oil price was nearing $35 per barrel. Wall Street is waiting for jobs data to be released on Friday.
Campbell Soup announced its latest venture of $125 million venture capital fund, to be independently managed by the startup Acre Ventures GP, LLC. The company is evidently sticking by its claim to boost the food industry by supporting the new startups and trends.
Puerto Rico has run into deep economic crisis, with its fiscal agent, the Government Development Bank, running out of reserves to cover even essential services. The government is tilting towards holding on to its debt repayments to sustain the island as a going concern, but their plea to creditors and the Congress to bail them out of the crisis is met with resistance on both fronts.
Whole Foods is calling back its specialty cheese, Pecorino Aged Cheese in Walnut Leaves, that have been sold from its New York and Florida stores. The product, which tested positive for the bacterium Listeria monocytogenes, may have a fatal impact on the health of its consumers. The company has already notified its retailers and distributors and alerted its consumers of the same.
