China’s stocks rose, with the benchmark index for mainland companies in Hong Kong gaining the most since December 2011, after the government pledged to ease the one-child policy and boost private investment as part of the biggest package of economic reforms since the 1990s.
Salesforce.com Inc. introduced an overhauled version of its mobile software, seeking to ensure clients and partners will be able to use more features of the company’s sales, marketing and customer service software.
Shares of BRP Inc., the maker of Ski-Doo snowmobiles and three-wheeled motorcycles, have surged 31 percent since their May debut, the best performer among Canada’s biggest initial public offerings this year.
Coming up in the global economy this week are a meeting of euro-area finance ministers, disposable income in Russia, German business confidence and U.S. retail sales. In Australia, the head of the central bank will comment on the Australian dollar, while a decision on interest rates is due from the Chilean central bank.
Credit Suisse Group AG, the second biggest Swiss bank, is setting up a new division to combine its rates, foreign-exchange and commodities operations as it cuts more than 100 fixed-income jobs in London and New York.
In the biggest expansion of economic freedoms since at least the 1990s, China’s leaders vowed to expand farmers’ land rights, loosen the one-child policy and encourage private investment in state businesses.
Wall Street is starting to signal that 2014 will look a lot like 2013 for U.S. corporate bond investors, setting the stage for the first back-to-back annual losses for investment-grade securities on record.
China’s stocks advanced, capping the benchmark index’s biggest gain in a month, while borrowing costs rose amid speculation the government will unveil detailed changes in economic policy as soon as next week.