The Traderszone Network

China’s State Council, or cabinet, said it plans to cut the country’s crude steel capacity by between 100 million and 150 million metric tons over the next five years, in the latest effort to help the nation’s iron and steel industry, which is battling with excess capacity.
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Indexes ticked higher ahead of Friday’s critical jobs report.

USD/JPY
currently 116.90
–
EUR/JPY
currently 130.87

Streaming services are on track to become the main revenue source for Warner Music, and the company’s artists stand to profit not only from growing royalty fees from streaming, but also from the record label’s equity in those services, according to Chief Executive Stephen Cooper.
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Submitted by David Howden via The Mises Institute,

Last year was a tough one for investors. Gold was down 10 percent. The Dow Industrials fell 2.5 percent, and most bond indexes finished down by at least that much.

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How the cable giant managed to end a nine-year trend of net subscriber cancellations.

The payroll-processing titan increased its full-year forecast for worldwide new business bookings, but also lowered its revenue and earnings guidance due to the direction of foreign exchange trends.