News Highlights : Top Global Markets News of the Day

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12/08/2017 | 03:15 am

Japan's Economy Boosted by Surge in Capital Spending

Japan's economy grew at a much faster pace than initially estimated in July-September, as firms' capital spending surged amid growing optimism about the upturn in the global economy.

Fed Plans to Disclose More About Big-Bank Stress Tests

The Federal Reserve proposed disclosing more about its big-bank stress tests, in response to criticism from bankers who have said the exams' results are hard to understand.

Congress Passes Spending Bill to Avoid Government Shutdown

The House and Senate passed a two-week stopgap spending bill, deferring until later in the month a bigger fight over what issues should be resolved before Congress adjourns for the year.

U.K., European Union Move Closer on Divorce Terms

The U.K. government and the European Union appeared close to a breakthrough on Brexit divorce terms on Thursday night, with EU officials saying British Prime Minister Theresa May could come to Brussels as early as Friday morning.

German Social Democrats Agree to Talks With Embattled Merkel

Germany moved a small step closer to a potential solution to its political crisis after the largest opposition party said it would enter talks with Chancellor Angela Merkel's conservatives over forging a new government.

Wall Street Banks Hit Pause Button on Bitcoin

As investors rush into bitcoin, some big Wall Street banks are hitting the brakes ahead of the launch of the first bitcoin futures market, which is set to go live on Sunday.

U.S. Consumer Credit Increased by $20.52 Billion in October

Outstanding consumer credit rose by $20.52 billion in October from the prior month, climbing at a 6.51% seasonally adjusted annual rate, the Federal Reserve reported.

Fed Report Says Total Household Net Worth Rise

The total net worth of U.S. households climbed further into record territory in the third quarter of 2017, reaching $96.939 trillion as stock markets and property prices boosted Americans' wealth.

U.S. Panel Locks in Final Tariffs on Canadian Softwood Lumber

The U.S. locked in final tariffs on softwood lumber from Canada, ratcheting up economic pressure with a top trading partner and showing the Trump administration's determination to punish what it sees as unfairly traded imports.

Bitcoin's Wildest Rise: 40% in 40 Hours

Bitcoin mania reached new highs as the price of the digital currency jumped about 40% in about 40 hours, smashing through five separate $1,000-barriers and surging past the $16,000 mark.

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