ECB's Draghi: We Need a Joint Effort to Tackle Bad Loans
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There needs to be a joint effort among many parties to help banks reduce their non-performing loans, ECB President Mario Draghi said, underlining one of the key challenges facing banking supervisors.
Energy Shares Carry Stocks to Records
Shares of global energy companies continued to climb, helping send stocks in Europe and Asia to multiyear highs.
Credit Trades Du Jour: Exotic, 'Nonlinear' and Private
The hunt for yield is taking Wall Street and investors into exotic territory-and that means an appetite for credit assets that are private, not easily tradable and often complex.
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At Bridgewater, a Secret Settlement and a Groping Claim Against Dalio's Protégé
Bridgewater, the world's largest hedge fund, paid a $1 million-plus settlement to a woman who was pushed out after engaging in a consensual relationship with top executive Greg Jensen, and shortly after heard from another female employee that Mr. Jensen had groped her buttocks.
For Investors, Saudi Crackdown Sparks Hope, Risks Uncertainty
A far-reaching crackdown that extends into Saudi Arabia's business elite has abruptly raised the stakes for global investors just as the kingdom embarks on a campaign to lure foreign capital to help overhaul its oil-dependent economy.
Oil Hits Two-Year High Amid Crackdown in Saudi Arabia
Oil prices hit a two-year high Monday on rising tensions in the Middle East following a wave of arrests in Saudi Arabia and a missile attack on Riyadh by Yemeni rebels.
U.S. Stock Indexes Post Records
Rallying energy shares pushed U.S. stock indexes to another set of records Monday.
Tax Overhaul Faces Major Hurdles
A House committee began considering a bill Monday that would reduce taxes by $1.4 trillion over 10 years, but disagreements over key pieces of the measure could force the GOP to make changes and slow down plans to pass it by year's end.
Japan Stocks Hit Quarter-Century High
Tokyo's Nikkei Stock Average continued its surge, hitting its highest closing level since early 1992, at the tail end of the "bubble economy" days-though still far short of its 1989 record.
Fed's Williams: Price-Level Targeting May Be Good Regime for Fed
Federal Reserve Bank of San Francisco President John Williams says fundamental uncertainties about the economy mean officials may need to weigh a seismic shift in how they conduct monetary policy.
(END) Dow Jones Newswires
November 07, 2017 07:15 ET (12:15 GMT)