The dollar slid to the weakest level since early August as swap traders ramp up bets the Federal Reserve will cut interest rates as early as May.
Congressional negotiators on Tuesday were poised to abandon plans to use the annual defense policy bill to tighten controls on US investment in Chinese technology, according to people familiar with the discussions.
Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in the Dallas Mavericks NBA franchise from Mark Cuban.
China’s 5Y Capital is on track to surpass its target of raising $700 million for a closely watched venture fund, in a sign that investors are regaining confidence in the world’s biggest internet arena.
Nomura Holdings Inc. is aiming for an additional $100 million in cost reductions in its wholesale banking division, as Japan’s largest brokerage seeks to lift its performance.
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