The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.
Sectors
JC Penney's commercial mortgage backed securities affect the market
The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.
Icahn tweets withdrawal of appraisal rights suit
Billionaire activist Carl Icahn had withdrawn his campaign to block the leveraged buyout offer of Dell-Silver Lake.
Apple shares climb to 2% after Icahn-Cook dinner
News about a dinner meeting of billionaire activist investor Carl Icahn and Apple Inc chief executive Tim Cook prompted the tech giant's shares to increase by 2%.
Bank investors in limbo on new EU rules regarding bank bailouts
New EU rules had been set to be implemented in 2018 left investors uncertain of their next move. The European Commission had set a new framework for bank bailouts in July as taxpayers expressed outrage over using tax money to fund lenders in financial trouble.
Latest News
The budget deadlock in the US and the political crisis in Italy could test the growth of the global economy.
Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.
Asian creditors may be the least of the worries of the US government even if the US Congress would fail to raise its debt ceiling.
On Friday, the New York bourse saw an increase in trading of Potbelly Corp's shares after its public listing launch.
Avaya Inc had explored a sale earlier this year instead of taking the company private, said a Reuters report.
Twitter Inc's prospectus filing on Thursday revealed its reliance in influential users like celebrities to be more relevant.
Shareholder Marvin Pearlstein filed a lawsuit against Blackberry Ltd and its top executives for providing false information about the company's financial position and business growth of its newest smartphone line.
Sources told Reuters that Silver Lake and TPG Capital LP, owners of hardware and software giant Avaya Inc, were contemplating on a sale of the company after plans for a public listing fizzled out.
Susan Bennett said she revealed her identity after the release of a Verge video showing people's interest in the voice behind Apple Inc's voice app Siri.
