Stocks in Europe, Asia Follow Wall Street Lower on Tax Uncertainty
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Stocks in Europe and Asia moved lower Friday as growing uncertainty around a potential U.S. tax overhaul dulled investors' enthusiasm.
Latest Tax Reform Stumble Hits Stocks
Major stock indexes added to losses Thursday after Sen. Marco Rubio said he would oppose a Republican tax bill unless it includes a credit for the working poor that he had championed.
China's Central Bank Expands Commercial Bank Lending
China's central bank is expanding its supply of funds to domestic lenders facing shortages of liquidity for their clearing businesses.
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Japan's Big Manufacturers Optimism at 11-Year High
Business confidence among Japan's large manufacturers reached an 11-year high in the October-December quarter on solid earnings, strengthening global growth and a domestic economy that has expanded for seven straight quarters, a central bank survey showed Friday.
All Regional Fed Banks on Board With Wednesday's Discount-Rate Increase
All 12 of the Federal Reserve's regional reserve banks have requested to raise the discount rate to 2%.
RBA's Harper Says 5% Likely Not Tipping Point for Wage Growth
A 5% jobless rate in Australia, long seen as a tipping point for lighting a fire under wages by the central bank, is likely too high to have that effect now, says Ian Harper, a member of the rate-setting board at the RBA.
You Can Thank Mr. Watanabe for Bitcoin's Explosive Rally
Japanese traders who historically engaged in trading real currencies have turned their sights to cryptocurrencies such as bitcoin, driving prices higher, Deutsche Bank says.
Regulators See Cybersecurity as Top Financial Industry Risk
Cybersecurity remains the top risk to financial sector stability, U.S. policy makers said Thursday in the first Financial Stability Oversight Council risk report under the Trump administration.
Bank of Canada Head Likens Bitcoin Mania to 'Gambling'
Bank of Canada Gov. Stephen Poloz said Thursday that bitcoin's ascent has all "the ingredients of something that could be a significant disturbance" to the financial system.
Behind Discount Brokers' Boom: Advisers, Not Day Traders
Charles Schwab and TD Ameritrade rake in client assets, catering to wealth managers and reinvigorating their businesses.
(END) Dow Jones Newswires
December 15, 2017 05:15 ET (10:15 GMT)