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Hong Kong may Seek to KickStart Ailing Property Market in Policy Address

Expected focus on property, economic revival and securitymedia Property stamp duties could be trimmed for some Childbirth cash incentive expected amid manpower crunch National security expected to be emphasized HONG KONG, Oct 24 Reuters Hong Kong is expected to announce lower stamp duties for some property transactions in an annual policy statement on Wednesday that […]
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Chevron to Buy Hess Corp for 53 Billion in AllStock Deal

Oct 23 Reuters Chevron said on Monday it agreed to buy Hess for 53 billion in stock, the second proposed megamerger among the biggest U.S. oil players after Exxon Mobil bid 60 billion for Pioneer Natural Resources earlier this month. The proposed deal raises the competition between Chevron, the No. 2 U.S. oil and gas producer behind Exxon, […]
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European Regulator Approves Farfetch Deal for YNAP, Richemont Says

ZURICH, Oct 23 Reuters European authorities have approved online luxury retailer Farfetch39;s purchase of a stake in rival Yoox NetAPorter from Richemont in the last regulatory approval needed, Richemont, the owner of Cartier, said on Monday. Completion of the deal remains subject to certain other conditions that Richemont and Farfetch are working towards fulfilling, Richemont said, promising […]
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10yr Treasury Yield Passes 5, Stocks at SevenMonth Lows

MSCI global share index hits lowest since March SP futures fall before raft of tech results European real estate stocks at 11year low U.S. GDP data expected to underline economic outperformance LONDONSYDNEY, Oct 23 Reuters The benchmark 10year Treasury yield rose above 5 and to its highest since 2007 on Monday, as a roaring U.S. […]
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Dollar Eases as Treasury Yields Retreat

NEW YORK, Oct 23 Reuters The U.S. dollar edged lower against a basket of currencies on Monday as U.S. Treasuries erased earlier losses, with 10year U.S. Treasury yields retreating after briefly breaching the 5 level. Moves in the foreign exchange market were largely muted on Monday as traders awaited several events this week, including a […]
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S.African Rand Opens Flat, Global Factors in Driving Seat

JOHANNESBURG, Oct 23 Reuters The South African rand was little changed in early trade on Monday, with analysts saying global drivers including the IsraelHamas conflict and U.S. economic data were likely to set the tone for trading this week. At 0640 GMT, the rand traded at 19.0475 against the dollar , near Friday39;s closing level […]
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TenYear U.S. Treasury Yield Hits 5

LONDON, Oct 23 Reuters The yield on the benchmark 10year U.S. Treasury note rose above 5.0 on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week. The runup in yields on the 10year Treasury bond, seen as a safehaven in times of economic uncertainty and a benchmark for borrowing costs […]
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