The Traderszone Network

Pope Francis will call for a “drastic reduction” in carbon emissions, the FT reports.

‘In making those comments I was neither trying to assess the nominal exchange rate (of the yen) nor forecast its future movement,’ Kuroda said Tuesday during a session of the upper house financial affairs committee.
read more

Nine people are arrested after Hong Kong police seize explosives in a former TV studio in the city’s New Territories region.
read more

In the complaint, dated Monday and addressed to IRS Commissioner John Koskinen, the group claims the Walmart Foundation made donations to ease public opposition as it sought to expand in key markets like Los Angeles and New York. Wal-Mart spokesman Kevin Gardner said the company takes IRS regulations “very seriously” and the complaint lacked merit.

JPMorgan is close to setting up a bank based in Luxembourg to handle the clearing of eurozone transactions, paving the way for the U.S. bank to transfer more of its business out of the UK in the event of a Brexit, the Times reported. The banks are also considering the tougher rules imposed by the European Union for conducting business outside of the eurozone, the Times said. The changes are not likely to lead to a large number of jobs moving to Luxembourg and London would remain the European headquarters of JPMorgan for the present, the Times cited a source familiar with the matter as saying.