No Hard Landing, No Indictment, No Trump Coronation: Sunday Wrap

  • BIS sees no sign of harm so far in negative interest rates
  • Iran sentences billionaire to death in oil-fraud case

Here are the highlights of the top breaking news stories from around the world on Sunday:

One of the Chinese government’s most senior economic officials, the chairman of its planning and pricing agency, rebutted George Soros’ claims that a hard landing is coming.

Negative interest rates aren’t tying the hands of central bankers who are using them, according to the BIS, which did caution that there is “great uncertainty about the behavior of individuals and institutions if rates were to decline further into negative territory or remain negative for a prolonged period.“

Ted Cruz heads into Tuesday’s next round of U.S. Republican presidential primaries putting a little more pressure on front-runner Donald Trump and a lot more on rival Marco Rubio to drop out. On the Democratic side, Bernie Sanders won two of the three Saturday contests but Hillary Clinton won the biggest, in Louisiana. Sanders debates Clinton in Flint, Michigan, on Sunday night while Maine Democrats hold their caucuses.

Clinton said there’s “no basis” for indicting anyone after one of her former aides was reportedly granted immunity in the U.S. investigation of her use of a private e-mail server when she was secretary of state.

An Iranian billionaire who was an informal oil dealer in the former government and was on U.S. and EU lists of sanctions violators was sentenced to death after being convicted on fraud charges. 

Abu Dhabi joined Dubai in officially entering a bull market, with its general stock index now up 22 percent in the past six weeks.

Credit Suisse’s chairman will stand for re-election even though shares have fallen 60 percent during his tenure.

U.K.-based insurer Old Mutual Plc responded to reports about a possible sale or breakup by confirming that a strategic review is still in the works, and an update will be provided Friday.

American Airlines pilots called the airline’s service “outright embarrassing” and blasted the return of what they called “toxic” labor relations in a letter to Chief Executive Officer Doug Parker. American Airlines Group Inc. is “well aware” that a cultural change is needed, spokesman Casey Norton said.

Barely two months after his heart transplant, Oscar Munoz is poised to return to work as CEO of United Continental Holdings Inc. The parent of United Airlines set March 14 for Munoz to be back on the job; he suffered a heart attack on Oct. 15.

Former U.S. first lady Nancy Reagan, famous for her fierce protection of and devotion to husband Ronald Reagan during his two terms as president in the 1980s, died at age 94.

Commerzbank AG, Germany’s second-largest bank, named the head of its consumer division as its new CEO, with current leader Martin Blessing stepping down several months earlier than planned.

The operator of KFC restaurants in the Middle East and North Africa is being taken private in a deal valued at $4 billion.

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