Global Stocks Lower as U.S. Dollar Weakens
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Asian shares were broadly lower Tuesday, as the dollar fell to fresh postelection lows after Senate Republicans gave up their efforts to replace Obamacare.
RBA Estimates Cash Rate Target of 3.5% Over Time
Australia's central bank said it estimates the neutral nominal cash rate would be around 200 basis points above its current level, adding monetary policy has been expansionary for about 5 years.
China Sees Continued Important Role for Investment in GDP Growth
As Beijing highlighted the role of consumption in propelling its economic expansion, it also emphasized the part that infrastructure investment plays in driving growth.
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Cargo Imports Surged at U.S. Seaports in June
U.S. importers are on pace to bring more goods through the country's seaports this summer than last, building up inventories in a sign of growing hopes that the economy will pick up steam this fall.
Investors Are Digging Deeper for Value
As valuations rise to the highest levels in years, some investors are shifting funds into the market's least-loved investments.
SEC's Piwowar Urges Easing of Audit Rule for Smaller Firms
Securities regulators should consider exempting smaller public companies from accounting rules passed after the financial scandals that felled Enron Corp. and other firms, an SEC commissioner said Monday.
Proxy Fights Are a Rarity for Peltz's Trian
Trian Fund Management doesn't wage proxy fights often, but when it does, it goes big. The activist investor launched a campaign to get co-founder Nelson Peltz elected to the board of Procter & Gamble. Worth $222 billion, P&G is the largest company to ever face such a campaign.
Banking Regulator Urges CFPB to Delay Rule Barring Mandatory Arbitration
A fight between regulators escalated Monday when President Trump's acting national banking regulator urged the Consumer Financial Protection Bureau to delay a rule barring mandatory arbitration requirements between financial firms and customers.
China's Growth Masks Unresolved Debt and Real-Estate Problems
Domestic demand fueled 6.9% expansion in the second quarter, beating forecasts, but real estate fueled much of the growth and Beijing hasn't yet made a significant dent in the country's debt.
Dow Transports Say This Rally Could Keep Truckin'
An index of plane, train, and shipping companies has been hitting fresh record highs this month, a bullish signal for those who track the century-old Dow Theory.
(END) Dow Jones Newswires
July 18, 2017 03:15 ET (07:15 GMT)