Financial Services and Real Estate Headlines

Trump believes he has authority to demote Fed's Powell - Bloomberg

U.S. President Donald Trump believes that he has the authority to replace Federal Reserve Chair Jerome Powell and demote him to be a board governor, but is not planning to do so presently, Bloomberg reported https://bloom.bg/2ItCJUQ on Wednesday, citing people familiar with the matter.

BOJ seen holding fire, Kuroda may offer dovish signal post-Fed

The Bank of Japan is widely expected to keep its ultra-loose monetary policy unchanged on Thursday but signal its readiness to ramp up stimulus if global risks threaten the country's economic expansion, nodding to the widening fallout from the U.S.-China trade war.

Australia shares set to advance on dovish U.S. Fed outlook, NZ up

Australian shares are set to open marginally higher on Thursday, as the U.S. Federal Reserve's indication of potential rate cuts this year calmed worries of slowing global economic growth. The local share price index futures rose 0.135%, a 15.9-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 1.2% to 6,648.1 on Wednesday. New Zealand's benchmark S&P/NZX 50 index rose 0.178%in early trade. (Reportin

Brazil's JBS prepays debt to free up collateral

Brazil's JBS SA has prepaid $700 million of debt to Banco Santander Brasil SA , Banco Bradesco SA, Banco do Brasil SA and Bank of China, according to a statement of the company's investor relations department.

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