PRESS DIGEST – Wall Street Journal – Feb 23

Feb 23 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

– China’s insurance regulatory agency Friday took control of hard-charging, acquisitive Anbang Insurance Group, saying the action is needed to avoid a collapse of the firm following suspected illegal activity and the downfall of its once-highflying chairman.

– Securities regulators plan to pare back Obama-era requirements that would require mutual funds to tell shareholders about large holdings of hard-to-sell assets, in what would be a significant concession to the industry.

– Dina Powell, who until recently served as a top national-security adviser in the White House, is talking to Goldman Sachs Group Inc about returning to the firm.

– President Donald Trump’s calls for changes to gun laws in the wake of last week’s Florida school shooting push Congress toward a new politically fraught debate just months before the midterm elections.

– Airbnb Inc looking to solidify sales ahead of an initial public offering expected as soon as next year, is adding more hotels to its site, along with a loyalty program and new tiers of listings that include luxury and more budget-friendly offerings. (Compiled by Bengaluru newsroom)

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Asia shares rebound as fidgety U.S. rate fears ebb again

UPDATE 1-UK Stocks-Factors to watch on Feb 23