BEIJING, June 10 (Reuters) – China tried to harness as much fiscal support as possible for its cooling economy on Wednesday by threatening to cut the 2016 budgets of local governments that do not spend most of their allocated cash this year.
Blackstone CEO Steve Schwarzman is convinced the government will cause the next financial crisis (BX)
Blackstone CEO Steve Schwarzman thinks the government is going to cause the next financial crisis. In an op-ed for The Wall Street Journal published late Tuesday, Schwarzman argued that the implementation of Dodd-Frank, as well as other government regulations like the Volcker rule, is creating the conditions for the next financial crisis…
SHANGHAI, June 10 (Reuters) – Ant Financial, the finance affiliate of Alibaba Group Holding Ltd, announced a leadership shake-up on Wednesday, with Chief Executive Lucy Peng handing day-to-day management to newly-appointed President Eric Jing.
SAO PAULO, June 10 (Reuters) – Foreign investors are returning to Brazil, lured by the country’s weakening currency and rising interest rates amid ample global liquidity, a senior executive at Goldman Sachs Group Inc told Brazilian newspaper Valor Econômico.
By Tanya Agrawal(Reuters) – U.S. stock index futures were higher on Wednesday, a day after the S&P 500 snapped a three-day losing streak as a selloff in the equities market took a breather.* U.S. stocks ended flat on Tuesday as financial and consumer staples shares bounced.* Applications for U.S…
Finance agrawal, applications, bounced, breather, consumer, equities, higher, losing, market, selloff, shares, snapped, staples, stocks, streak