Bloomberg “45,000 Evacuated Across Russia After Wave of Bomb Threats.” More than 45,000 people have been evacuated from airports, schools and government buildings across Russia over the last two days amid a wave of fake bomb threats that officials called unprecedented. “There’s never been anything like this before, it’s 100 percent organized telephone terrorism,” Frants....
Reuters “Improvised ‘terrorist’ bomb on packed London commuter train injures 22.” A home-made bomb on a packed rush-hour commuter train in London engulfed a carriage in flames and injured 22 people on Friday in what police said was Britain’s fifth terrorism incident this year, but apparently failed to fully explode. Passengers on board a train....
Bloomberg “Portugal Bonds Lead Peripheral Rally on Debt Rating Upgrade.” Portuguese debt led a rally in euro-area peripheral bonds after S&P Global Ratings raised the nation’s credit rating to investment grade. The yield on benchmark 10-year notes slid to a 20-month low after S&P revised the sovereign rating to BBB- from BB+ with a stable....
Bloomberg “U.S. Stocks Mixed, Dollar Weakens Before Rate Call: Markets Wrap” U.S. stocks remained listless, the dollar slipped and Treasuries edged higher as investors count down to the Federal Reserve’s rate decision and press conference. Commodities advanced as oil rose alongside industrial metals. The S&P 500 Index churned near all-time highs, stuck in one of....
Bloomberg “Uber’s London Private Hire License Revoked by Transport Body.” Facing criminal investigations and government inquiries around the world, Uber Technologies Inc. has lost its license to operate in London in a surprise decision that potentially affects 3.5 million people and 40,000 drivers who use the app in Europe’s largest city. Regulators in London faulted....
BBC News “German election: Merkel wins fourth term, AfD nationalists rise.” German Chancellor Angela Merkel has been re-elected for a fourth term while nationalists have made a historic surge in federal elections. Her conservative CDU/CSU bloc has seen its worst result in almost 70 years but will remain the largest in parliament. Its current coalition....
Bloomberg “Stocks, Dollar Rise on Fed, Tax Plans; Bonds Fall: Markets Wrap.” U.S. stocks advanced as President Donald Trump prepares to lay out his tax-cut plan, while the dollar extended gains and bonds fell after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December. The S&P 500 Index was near record....
Reuters “At least 50 dead, more than 400 hurt in Las Vegas concert attack.” Some 50 people died and more than 400 were hurt when a 64-year-old gunman with an arsenal of at least 10 rifles fired on a Las Vegas country music festival on Sunday, raining down bullets from a 32nd-floor window for several....
Bloomberg “Companies Add Fewest U.S. Workers in Nearly a Year, ADP Says.” Companies last month added the fewest number of workers in nearly a year, reflecting a hit to the U.S. job market from hurricanese Harvey and Irma, according to data released Wednesday from the ADP Research Institute in Roseland, New Jersey. The report is....
Bloomberg “U.S. Payrolls Fall 33,000 on Storms; Jobless Rate at 4.2%.” The number of workers on U.S. payrolls declined last month for the first time since 2010, reflecting major disruptions from hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to a new 16-year-low while wage gains accelerated. The hurricanes had....
Bloomberg “Japan Shares Rise with Nikkei 225 Closing at Highest Since 1996.” Japanese shares advanced, with the Nikkei 225 Stock Average closing at its highest since December 1996, bolstered by companies in industries ranging from technology to retail. Machinery maker Fanuc Corp., Recruit Holdings Co., FamilyMart UNY Holdings Co., SoftBank Group Corp. and Terumo Corp.....
Bloomberg “American Bulls Clash with Europe’s Bears at World Finance Summit.” The world economy is either the healthiest it’s been in a decade, poised to continue an epic bull run, or perched on the precipice of another crisis. It just depends what side of the Atlantic you’re on. In panel after panel, American bankers expressed....
Reuters “China’s Xi lays out vision for ‘new era’ led by ‘still stronger’ Communist Party.” Chinese President Xi Jinping on Wednesday laid out a confident vision for a more prosperous nation and its role in the world, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution. Opening a critical....
Bloomberg “Venezuela’s Behind on Its Debt and Facing Two Huge Bond Payments.” Ever since the price of oil collapsed in mid-2014, there’s been a broad consensus among the bond-market crowd that Venezuela was going to default. Not immediately, they said, but at some point down the road. Three years on, that time may have arrived.....
Bloomberg “Donald Trump Courted a Republican Rebellion. Now He’s Got One.” Donald Trump campaigned against the Republican Party establishment to win the White House. After two of its more prominent members fought back, calling Trump nothing less than a danger to democracy, the president showed no signs of letting up Wednesday. The rebellion comes at....