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G20 growth vow keeps global shares near nine-month high

LONDON World shares held near nine-month highs on Monday after G20 finance chiefs vowed over the weekend to use "all policy tools" to lift global growth.

Recent Business News

New Allianz asset management chief wants closer ties with Pimco: FT

A new top executive at German insurer Allianz wants to forge closer ties with its U.S. asset management business, Pimco, according to the Financial Times.

Jul 24 2016

Lending, margins in focus on UK banks' second-quarter report cards: Goldman

LONDON Loan growth, margin squeezes and credit costs are the areas investors will focus on when British banks report quarterly earnings, Goldman Sachs said in a note to clients.

4:12am EDT

Oil prices dip on ongoing oversupply, economic headwinds

SINGAPORE/TOKYO Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come.

3:03am EDT

Japan monthly economy assessment unchanged, but business sentiment worsens

TOKYO Japan's government kept its assessment of the economy unchanged in July but said business sentiment has worsened after the Bank of Japan's tankan survey showed the corporate mood stagnated in April-June due to a strengthening yen.

Jul 24 2016

Indonesian tax amnesty could spark outflow from Singapore wealth industry

SINGAPORE Singapore’s wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus of funds isn’t going to be as big as Jakarta is predicting.

3:15am EDT


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