Russia is preparing a $7 billion eurobond issuance, sources say, despite controversy surrounding a recent incident in the UK. Gazprom's eurobond issuance this week was heavily oversubscribed.
Central banks indicate an imminent end to accommodative monetary policy, but Martin Sandbu asserts this should not entail a return to flawed methods.
The nomination of Haruhiko Kuroda to serve as governor of the Bank of Japan for another five-year term has been confirmed by parliament. At a confirmation hearing, Kuroda predicted a withdrawal of stimulus in 2019.
NEX Group has confirmed CME Group made a preliminary approach to acquire the London financial-technology firm founded by Michael Spencer. NEX said in a statement that discussions are at an early stage and that there is no certainty an offer will be made.
Asian-Pacific stock markets mostly fell Friday as many investors tried to evaluate what impact US policies are likely to have on global trade. Japan's Nikkei 225 dropped 0.6%; Hong Kong's Hang Seng Index fell 0.1%; Australia's S&P/ASX 200 rose 0.5%; China's Shanghai Composite gave up 0.6%; South Korea's Kospi edged up 0.1%; and India's Sensex was down 1.5%.
Robinhood, which created a stock-trading app highly popular with young investors, is poised to receive a funding round that values the startup at $5.6 billion, sources said. The company's valuation was $1.3 billion during last year's funding round.
The latest draft of an EU tax on major US online companies with sales in Europe would impose a 3% tax on their turnover, according to a document seen by Reuters. To avoid affecting startups, sales in the EU of less than €10 million a year would reportedly be exempt.