News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Bitcoin Swings as Alternative Is Added to Exchange

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Bitcoin prices slumped more than 10% in an hour during Wednesday-morning Asia trading, and heavy volume of withdrawals prompted some exchanges to halt trading.

China to Shake Up Global Market With Yuan-Based Oil Futures Contract

China is preparing to launch its own yuan-based oil futures contract, a move set to shake up the 96 million barrel-per-day global crude market currently dominated by trading in London and New York.

GOP Tax-Overhaul Bill Heads to Senate

The Senate will vote on the GOP tax-overhaul bill this evening, then the House will vote again Wednesday morning because at least two provisions ran afoul of Senate rules. President Donald Trump could sign it into law later this week.

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Tax Bill Injects Calm Into Markets

World stock markets were calm in anticipation of the largest structural overhaul of the U.S. tax system in three decades.

Sweden's Central Bank Flags Rate Increase in Mid-2018

Sweden's central bank paved the way for a tighter monetary policy by not extending its bond-buying program and confirming that interest rates will rise from mid-2018.

Bank of Thailand Stands Pat at 1.5%

The Bank of Thailand nudged up its economic growth forecasts for the fourth time this year, but kept policy on hold while it keeps an eye on inflation, domestic consumption and the strength of the baht.

Tech Sector Leads U.S. Stocks Lower

Declining shares of technology companies caused major indexes to edge lower Tuesday, even as Republicans advanced their sweeping rewrite of the U.S. tax code.

Big U.S. Banks Get Satisfactory Grades on 'Living Wills'

The eight largest and most complex U.S. banks received satisfactory grades on their latest "living will" bailout-prevention plans, a milestone that further reduces the already-remote possibility that any of the firms would be broken up by the government.

Court Allows Suit Against Stock Exchanges to Proceed

A federal appeals court said a lawsuit accusing stock exchanges of defrauding investors by favoring high-speed traders can go forward, in a blow to the New York Stock Exchange and Nasdaq.

Canada Releases Data on Foreign Influence on Housing

Data from the federal government and Canada Mortgage and Housing Corp. reveal that foreign ownership of houses in Vancouver and Toronto is relatively modest.

(END) Dow Jones Newswires

December 20, 2017 05:15 ET (10:15 GMT)