Cantor Fitzgerald Downgraded
Cantor Fitzgerald LP had its credit grade cut to one level above junk by Standard & Poor’s as competition and the brokerage’s expansion plans pressure income, according to the ratings company.
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China May Lower Its 2017 Growth Target
19:28 - China will set lower economic growth and monetary expansion targets this year as policy makers switch gears to curb excessive credit growth and reduce financial risks, according to economists surveyed by Bloomberg News. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)