SYDNEY (BLOOMBERG) – The Australian government is defending a class-action lawsuit that claims it’s misleading investors by failing to disclose the impact of climate risk in its bonds. Amid a growing wave of climate litigation
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Trafigura said to hire Temasek's Khodor Mattar in expansion push
AMSTERDAM (BLOOMBERG) -Commodities trader Trafigura Group is hiring Temasek Holdings executive Khodor Mattar, as it seeks to team up with the world’s biggest private equity firms and sovereign funds for investments, people familiar with the
Read moreJapan household spending, wages slump as Covid-19 pain lingers
TOKYO (REUTERS) – Japan’s household spending slumped in September from a year earlier and real wages slid for the seventh straight month, data showed on Friday (Nov 6), a sign sluggish domestic demand will continue
Read moreGIC, Thrive invest $202.6 million in IAC's video platform Vimeo
NEW YORK (BLOOMBERG) – Barry Diller’s IAC/InterActive Corp said ts online video platform Vimeo raised US$150 million (S$202.6 million) from Thrive Capital and Singapore’s sovereign wealth fund GIC, valuing the unit at US$2.75 billion. The
Read moreWhoever wins US election, investors see China, green and easy money bets as winners
LONDON/HONG KONG/SINGAPORE (REUTERS) – The close and inconclusive US election has scuppered some short-term trades premised on a clear Joe Biden sweep, but money managers say they are sticking to bets on plentiful stimulus, a
Read moreChina's Xi Jinping to lay out trade challenge facing next US president
BEIJING (BLOOMBERG) – Chinese President Xi Jinping is expected to lay out his plans for a more innovation-driven and self-reliant economy on a tumultuous day for investors. Mr Xi is scheduled to deliver a speech
Read moreEuro zone bond yields rise ahead of U.S. election
* Market trading is quiet as U.S. voters head to the polls * U.S.-German 10-year yield spread near highest since March * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr LONDON, Nov 3 (Reuters) – Euro
Read moreTrump or Biden, investors expect a weaker US dollar
NEW YORK (REUTERS) – The battered US dollar’s long-term fortunes are unlikely to improve regardless of who wins Tuesday’s US presidential election, investors and analysts said. Despite its recent bounce against a basket of currencies,
Read moreChina's factory activity slows slightly in October as it rebounds from Covid-19
BEIJING (REUTERS) – China’s factory activity expanded at a slightly slower pace in October but was slightly above analysts’ expectations, suggesting a continuing economic recovery as the country rebounds from the coronavirus shock. The official
Read moreJapan factory output rises for 4th month on jump in car, machinery production
TOKYO (REUTERS) – Japan’s industrial output rose for the fourth straight month in September as the world’s third-largest economy continued to shake off the drag from the Covid-19 crisis largely thanks to improving external demand.
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