Regulators Unveil New Rules to Clean Up Credit Ratings

Caixin Global | Dec 2, 2019 at 9:05 PM

China has unveiled new regulations to tighten oversight and scrutiny of the credit ratings industry in the wake of a corruption scandal at one of the country’s largest providers of corporate rankings and a series of bond defaults by highly rated companies.

European shares slide after strong November

Irish Times | Dec 2, 2019 at 8:05 PM

European shares posted their biggest daily drop in two months on Monday, with most major markets including Germany and France slumping more than 2 per cent, as a reimposition of US metal tariffs on Brazil and Argentina triggered a decline in global sentiment.

Foreigners scoop up Kakao on improving earnings, biz diversification

Yonhap News Agency | Dec 2, 2019 at 6:57 PM

Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, main bourse data showed Tuesday.

German shares lose 1.05 pct Monday

Xinhua News Agency | Dec 2, 2019 at 6:21 PM

German shares lost on Monday, with the benchmark DAX index down 271.70 points, or 2.05 percent, to close at 12,964.68 points.

Spanish share prices fall by 2.09 pct on Monday

Xinhua News Agency | Dec 2, 2019 at 6:06 PM

Spanish share values fell by 2.09 percent on Monday with the benchmark stock market index Ibex-35 opening at 9,352.00 points and closing at 9,156.30 points.

British stocks down 0.82 pct Monday

Xinhua News Agency | Dec 2, 2019 at 5:53 PM

British stocks decreased on Monday, with the benchmark FTSE 100 Index down by 0.82 percent, or 60.59 points, to close at 7,285.94 points.

French shares drop 2.01 pct on Monday

Xinhua News Agency | Dec 2, 2019 at 5:39 PM

French shares lost on Monday, with the benchmark Paris CAC 40 down 2.01 percent, or 118.43 points, to close at 5,786.74 points.