With a seismic overhaul of the $2.6 trillion money-market industry weeks away from kicking in, money managers are bracing for a last-minute exodus of as much as $300 billion from funds in regulators’ cross hairs. Prime funds are at the center of the upheaval. Source: Bloomberg
Amazon Japan has suspended direct online sales of Huawei Technologies Co. products after Washington last week blacklisted the Chinese communications giant, sources close to the matter said Friday. Source Japan Times
Russia’s industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Source: BNE
