Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
China's Ministry of Finance has already attracted over $10 billion in orders, including interest from joint bookrunners, for its proposed $2 billion sovereign U.S. dollar bonds offering launched this morning.
A five-year tranche is indicated at Treasuries plus 30bp-40bp and a 10-year tranche is shown at Treasuries plus 40bp-50bp.
The offering, China's first in U.S. dollars since 2004, will be split into two equal $1 billion tranches.
The proposed unrated bonds are expected to be included in JPMorgan's EMBI post seasoning. This means that many emerging-market funds will have to buy them to track the benchmark, even though the securities are unrated.
The bonds will not be subject to any individual or enterprise income tax or stamp duty in mainland China nor to stamp duty in Hong Kong.
Moreover, the Hong Kong government is studying the possibility to extend the scope of the profit-tax exemption to cover non-renminbi (including U.S. dollar) sovereign bonds issued by the Chinese government, with a positive outcome likely to be granted before first the coupon date, according to the term-sheet.
Hong Kong investors who participate in the bond sale were assured a corporate tax rebate to the level they had invested, Dow Jones said, citing remarks made by the Paul Chan Mo-po, the city's financial secretary.
The Reg S notes, to be listed on the Stock Exchange of Hong Kong, are expected to price today.
Proceeds will be used for general governmental purposes.
Bank of China, Bank of Communications, Agricultural Bank of China, China Construction Bank, CICC, Citigroup, Deutsche Bank, HSBC, ICBC and Standard Chartered Bank are joint lead managers and joint bookrunners.
The MoF, in a statement posted on its website on Tuesday, has said the offering is mainly intended to bolster further the opening up of the country's financial system and to help set a pricing benchmark for China's foreign currency bonds.
—CNBC contributed to this report.