Lynne Fitzpatrick, CME Group President and CFO, says the partnership with FanDuel is about distribution to customers, with FanDuel seeking additional access to financial market products. She tells Romaine Bostick and Scarlet Fu on “The Close” that FanDuel will bring millions of potential customers. (Source: Bloomberg)
Long-dated bonds from the US to France and the UK slumped on Tuesday, extending this year’s selloff that’s been driven by growing investor concerns about inflation and government spending.
Typhoon Kajiki left at least seven people dead in Vietnam after bringing heavy rains that damaged thousands of homes and left much of the capital under water.
Betsy Duke, Former Fed Governor and Former Wells Fargo Chair, She says this is a real assault on the independence of the Federal Reserve System and its FOMC members. She tells Romaine Bostick and Scarlet Fu on “The Close” that if the president can remove a Fed governor based on unproven allegations, it sets a dangerous precedent for all members. (Source: Bloomberg)
SD Guthrie Bhd., the world’s biggest oil palm planter by acreage, is positioning itself to tap into the data-center boom as it looks to develop a green-energy powered industrial park in Malaysia’s southern state of Johor.
Commerce Secretary Howard Lutnick sparked a minor rally in shares of defense contractors with his suggestion that the US might take ownership stakes in some of them, even as industry analysts warned the idea poses serious conflict-of-interest concerns.
SpaceX’s Starship rocket launched to space and deployed satellites for the first time before surviving most of its journey to Earth, achieving new technological milestones after a year of fiery setbacks. (Source: Bloomberg)
Gold was steady after rising Tuesday on concerns over central bank independence and inflation risks after President Donald Trump doubled down on his efforts to oust a Federal Reserve governor.
Domino’s Pizza Enterprises Ltd. plummeted after the loss-making company slashed its dividend and said sales have fallen even faster in the new financial year.
Korea Investment & Securities Co. plans to buy unhedged super-long Japanese government bonds for the first time to take advantage of rich yields and its expectation for the yen to maintain gains against the dollar.
China’s imports of liquefied natural gas are poised to decline for a 10th straight month on a year-on-year basis, according to data from Kpler, due to robust piped supply and higher domestic output.
Aluminum and copper were steady as China’s industrial companies saw their profits fall at a slower pace in July, which could support the outlook for metals.
Oil held a steep drop as investors counted down to the imposition of higher US tariffs on India over imports of Russian crude, with no signs of a major shift in local refiners’ purchasing patterns.
China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers.
Nongfu Spring Co.’s shares surged after first-half profit climbed to the highest levels since at least 2019, signaling recovery from a spell of negative publicity that weighed on the Chinese bottled water giant’s reputation.
Ken Rogoff, Harvard University Economics Professor, says undermining the independence of technocratic institutions, from the Bureau of Labor Statistics to the Fed, poses risks to long-term growth and stability. He speaks with Romaine Bostick and Scarlet Fu on “The Close.” (Source: Bloomberg)
South Korea is considering a sale of dollar bonds, people familiar with the matter said, in what would be a test of global investor sentiment after President Lee Jae Myung’s first in-person meeting with President Donald Trump helped defuse tensions.
SeaTown Holdings International, a unit of Singapore’s state-owned investor Temasek Holdings Pte., has raised over $612 million in initial investor commitments for its third private credit fund, targeting deal opportunities across Asia.
