S&P 500 slips after Fed minutes show split over jobs, taper
The S&P 500 and the Dow industrials fell modestly on Wednesday after the release of minutes from the Federal Reserve’s policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy “could be reached this year.”
Analysis: Workers at Chile’s Escondida mine hit jackpot, raise bar in labor talks elsewhere
An historic benefits package at BHP’s (BHP.AX) sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters.
Maersk signs first green methanol deal in step towards dropping fossil fuels
A.P. Moller-Maersk (MAERSKb.CO) said on Wednesday it had signed a contract securing green methanol as the world’s largest shipping firm gears up to operate its first carbon-neutral ship in 2023.
Crypto exchange Binance hires former US Treasury criminal investigator
Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money laundering reporting officer, part of an attempt by one of the world’s largest crypto exchanges to reinvent itself as a regulated financial firm.
Philip Morris gets over a fifth of Vectura shares in takeover tender offer
Cigarette maker Philip Morris International (PMI) (PM.N) said on Wednesday shareholders holding 22.61% of Vectura (VEC.L) shares had tendered their stock to the tobacco group as part of its deal to buy the asthma drug maker for 1.1 billion pounds ($1.51 billion).
Tencent says more regulations set to come as quarterly profit jumps
China’s Tencent Holdings (0700.HK) said on Wednesday that the internet industry should brace for more regulations and uncertainty, but it believed Beijing ultimately wanted to forge a long-term sustainable path for the sector.
The Afghan economy appears – a topic of concern!
The day after the Taliban took up residence in Kabul’s presidential palace, reclaiming control of Afghanistan two decades after US troops ousted them, fears of a return to the Taliban’s ruthless rule, as well as the threat of retaliatory killings, grew. Thousands of US troops were deployed into Afghanistan to help with the hasty retreat, […]
Top earning bankers moved to EU from Britain ahead of Brexit-report
Nearly a hundred highly paid bankers left Britain ahead of its departure from the European Union, the bloc’s banking watchdog said on Wednesday, the latest confirmation of how Brexit has reshaped Europe’s financial sector and its tax base.
BHP, Woodside investors jittery over $29 billion petroleum merger
Shares in BHP Group (BHP.AX) and Woodside Petroleum (WPL.AX) fell on Wednesday as investors on both sides raised questions about the value of the Perth-based oil and gas group’s proposed $29 billion merger with BHP’s petroleum arm.
Analysis: As investors look to Jackson Hole, options markets see ‘a lot of nothing’
Traders in U.S. equity options do not expect the Federal Reserve’s symposium in Jackson Hole, Wyoming later this month to spark big moves in stocks, even as a focus on the Fed’s taper timeline amplifies the buzz around the annual event, data and interviews with market participants showed.
