China's President Xi Jinping is enlisting the state-dominated financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy.
Factset Research Systems Inc (FDS): * FACTSET LAUNCHES COMPREHENSIVE SECTOR DATA FOR INSURANCE INDUSTRY Source text for Eikon: Further company coverage:
Property and casualty insurer Travelers
Cos Inc (TRV) beat analysts' estimates for quarterly profit on Thursday, boosted by a rise in premiums and strong underwriting. New York-based Travelers, often seen as a bellwether for the insurance sector as it typically reports before its industry peers, said net written premiums rose nearly 6% to $7.08 billion for the reported quarter.
* Win for U.S. firms seeking access to $40 trillion finance sector. * China expedites removal of ownership cap in securities business. * Beijing has been lowering barriers to investments in past year. By Michelle Price and Sumeet Chatterjee.
Federal Home Loan Mortgage Corp : * FREDDIE MAC MULTIFAMILY 2020 OUTLOOK PROJECTS ORIGINATIONS WILL GROW TO $390 BILLION. * FREDDIE MAC (FMCC) - BELIEVE MOST LIKELY SCENARIO FOR 2020 IS ONE OF CONTINUED GROWTH IN MULTIFAMILY MARKET. * FREDDIE MAC (FMCC) - "WHILE THERE ARE SEVERAL ECONOMIC UNCERTAINTIES THAT COULD IMPACT BROADER ECONOMY, FUNDAMENTALS BACKING MULTIFAMILY REMAIN SOLID."
* ShFE Volumes by Contract: https://tmsnrt.rs/2QVy54Q. By Andy Home. Base metals trading volumes shrank on all three major global exchanges last year as trade war uncertainty and range-bound markets dampened speculative activity. 'Doctor Copper' has long been a favourite metallic play among punters and sliding volumes were symptomatic of a sector that was largely out of favour with the money men.
An acceleration in the growth of riskier, unsecured lending in South Africa threatens the stability of the finance sector, the central bank said on Thursday.
Profits across U.S. banks dipped by $4.5 billion to $57.4 billion in the third quarter of 2019, as "nonrecurring events" at three large financial institutions drove down sector growth, the Federal Deposit Insurance Corporation reported Tuesday.
Japanese shares fell on Wednesday on worries over the progress of trade talks between Washington and Beijing, with the information technology sector recording the biggest decline led by falls in semiconductor companies. U.S. President Donald Trump threatened an escalation in the trade war on Tuesday when he said he would raise tariffs on Chinese imports if no deal was reached with Beijing.
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