Securities

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S. Korea to Start 24-Hour Won Trading in Globalization Push

South Korea is moving to open its foreign-exchange market on a 24-hour basis and ease restrictions on won trading between non-residents, the Finance Ministry said.

By Eunkyung Seo, Susie Kang and Daedo Kim

US to Scrutinize Farm Input Suppliers on Cost Surge

US Agriculture Secretary Brooke Rollins said the US will investigate suppliers of crop inputs such as seeds and fertilizers for potential antitrust violations, sending share prices plunging.

S&P 500 Set for Longest Losing Streak in a Month: Markets Wrap

Stocks fell as valuation worries overshadowed data showing the economy is holding up. The figures didn’t have much of an impact on Federal Reserve bets, but bond yieldsrose. Bitcoin sank.

Logan Says Fed Should Consider Replacing Its Benchmark Rate

Federal Reserve Bank of Dallas President Lorie Logan said the US central bank should abandon the federal funds rate as its benchmark in implementing monetary policy, and consider an overnight rate tied to the more robust market for loans collateralized by US Treasuries.

Major Audit Flaws Drop in Early Inspections From US Regulator

The quality of audits by large US firms is continuing to improve, early data from the latest regulatory inspections suggest.

Baltimore Orioles Sell Minority Stake to Investor Mark Ein

Investor Mark Ein has expanded his portfolio of sports investments by acquiring a minority stake in Major League Baseball’s Baltimore Orioles, the team confirmed on Thursday.

Fed’s Barr Offers Alternative Reforms to Big-Bank Stress Test

Setting bank capital levels should be separated from stress test results and customized more closely to a lender’s condition, according to Fed Governor Michael Barr, who is looking for ways to preserve the rigor of the tests amid calls from the industry to make them easier.