11 September - 15 September

11 September

Theresa May’s plans for taking Britain out of the European Union remain on track after members of Parliament cleared the way for her Brexit law to advance -- but threatened to re-write it later.

After spending a record amount of Norway’s oil wealth to prevent a recession, Prime Minister Erna Solberg became Norway’s first Conservative Party leader in more than 30 years to win re-election.

Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan, Kazakh and U.A.E. counterparts to keep all options open in their push to re-balance world oil markets, including the possible extension of output cuts beyond next March.

The United Nations Security Council approved new sanctions aimed at punishing North Korea for its latest missile and nuclear tests after the U.S. dropped key demands in order to win support from Russia and China.


12 September

British workers haven’t been losing out to foreign labor and are unlikely to see job prospects dramatically improve because of Brexit immigration cuts, according to a survey of U.K. companies.

U.K. Prime Minister Theresa May has strengthened her power to deliver her Brexit plan and domestic agenda after winning a key vote giving her government a majority on panels of lawmakers in Parliament.

OPEC and its allies are discussing extending by more than three months the oil production cuts that expire in March 2018, potentially prolonging them well into the second half of next year in an effort to boost prices, according to people familiar with the matter.

Malaysia Airlines Bhd. agreed to buy Boeing Co.’s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation’s flag carrier looks to boost services on its busiest routes.


13 September

Theresa May will take her Brexit charm offensive deep into the historic heart of Europe with a speech in Florence, as her government tries to reassure the bloc it will not use Brexit to undercut financial regulations.

The U.S. used a round of talks with Russia this week to argue it was time to move past a diplomatic spat that’s resulted in consular closures and expulsions of diplomats, but so far neither side is ready to commit to ending their dispute, according to a senior State Department official.

The U.S. government banned all use of Kaspersky Lab Inc. software in federal information systems, citing concerns about the Moscow-based security firm’s links to the Russian government and espionage efforts.

Martin Shkreli’s big mouth landed him in jail even before his fraud conviction did.


14 September

Two of Britain’s powerhouse brands took contrasting views on the economic effects of Brexit as the Bank of England shifted toward raising interest rates.

North Korea fired its second missile over Japan in as many months, a fresh provocation that comes shortly after the United Nations approved harsher sanctions against Kim Jong Un’s regime.

Bitcoin fell for a fifth day, the longest losing streak in more than a year, after one of China’s largest online exchanges said it would stop handling trades by the end of the month amid a government crackdown on cryptocurrencies.

The threat of government curbs to tame prices makes Singapore and Hong Kong residential property unattractive, the regional head of UBS Group AG’s real-estate investment arm said.


15 September

Bank of England officials aren’t the only ones feeling a bit more bullish about the U.K. economy.

Three of the four most likely German governing coalitions in coming elections will produce suboptimal economic results, according to a Bloomberg survey of economists.

The world’s central banks can’t sit back and ignore the growth in cryptocurrencies as it could pose a risk to the stability of the financial system, according to the Bank for International Settlements.

The U.S. seeks a peaceful resolution but is prepared to use military force if diplomatic efforts fail to end the nuclear standoff with North Korea, said Secretary of State Rex Tillerson.


Markets

DOW JONES INDUS. AVG
22,268.30 +64.86 +0.29%
S&P 500 INDEX
2,500.23 +4.61 +0.18%
NASDAQ COMPOSITE INDEX
6,448.47 +19.38 +0.30%
FTSE 100 INDEX
7,215.47 -79.92 -1.10%
DAX INDEX
12,518.80 -21.64 -0.17%
CAC 40 INDEX
5,213.91 -11.29 -0.22%
IBEX 35 INDEX
10,317.40 -43.70 -0.42%
NIKKEI 225
19,909.50 +102.06 +0.52%
HANG SENG INDEX
28,071.20 +263.64 +0.95%

Currencies

EUR-USD
1.1948 +0.0003 +0.03%
USD-JPY
111.2100 +0.3800 +0.34%
GBP-USD
1.3596 +0.0002 +0.01%
AUD-USD
0.8029 +0.0027 +0.34%
USD-CAD
1.2177 -0.0021 -0.17%
USD-CHF
0.9604 +0.0001 +0.01%
EUR-GBP
0.8788 -0.0001 -0.01%
USD-HKD
7.8163 -0.0025 -0.03%
EUR-CHF
1.1475 +0.0010 +0.09%
04 September - 08 September

04 September

Prime Minister Theresa May is to use a speech in late September to try to force the pace of Brexit negotiations as an October showdown with her European counterparts looms.

U.S. equity investors aren’t done with Europe even after enjoying their best returns in eight years.

Saudi Arabia raised oil pricing for October sales to Asia, increasing its lighter grades for a second consecutive month, in an indication the world’s largest crude exporter sees strengthening demand in its biggest market.

U.S. President Donald Trump agreed to support billions of dollars in new weapons sales to South Korea after North Korea’s largest nuclear test, while his ambassador to the United Nations said the U.S. would seek the strongest possible sanctions against Kim Jong Un’s regime.


05 September

U.K. Prime Minister Theresa May’s Brexit planning suffered a double blow as a top European Union official doubted that trade talks will start next month and the opposition Labour Party prepared to challenge key legislation.

The French government set out its plans to make life easier for 6.6 million self-employed workers and entrepreneurs, promising lower taxes and less red tape.

Egypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies since floating the pound in November, a central bank official said, the latest sign that the economy is recovering from a paralyzing dollar shortage.

Hong Kong is on the verge of seeing its economy surpassed in size by the former fishing village Shenzhen, a role reversal long foreshadowed by China’s massive supply of cheap labor and subsidized capital.


06 September

Prime Minister Theresa May’s flagship piece of Brexit legislation will be debated for the first time Thursday, giving opponents an opportunity to lay out their objections in Parliament. They’re unlikely to derail the government’s plans -- for now.

Facebook Inc. says it found about $100,000 in ad spending connected to fake accounts likely run from Russia that aimed to stir political controversy in the U.S. ahead of last year’s presidential election.

The U.S. is circulating a draft resolution at the United Nations that would bar crude oil shipments to North Korea, ban the nation’s exports of textiles and prohibit employment of its guest workers by other countries, according to a diplomat at the world body.

A European banking giant just snubbed one of the world’s strictest financial supervisors by moving to a more accommodating regulatory setting.


07 September

The weaker pound is failing to boost U.K. growth, according to the British Chambers of Commerce.

Identifying successful startups amid the dozens of initial coin offerings taking place each week may be easier that it appears.

Russia would benefit from extending the accord with OPEC to limit oil production, said the country’s finance minister.

When it comes to China’s biggest technology stocks, some investors are finding there can be too much of a good thing.


08 September

Customs declarations at the U.K. border that may be imposed after Brexit would affect 180,000 British traders and could cost them more than 4 billion pounds ($5.28 billion) a year, according to the Institute for Government.

Oil has denied Saudi Arabia the opportunity to overtake South Africa as the biggest stock market in the Middle East and Africa, even as political turmoil and a faltering economy hold back share prices in Johannesburg.


Hurricane Irma converted streets into rivers, hammered Caribbean islands and the Florida Keys with deadly fury, and left about 3 million people without power and millions temporarily displaced.

Foreigners have been slow to warm to China’s domestic bond market, the world’s third-largest by value. A look at the latest corporate default may explain why.


Markets

DOW JONES INDUS. AVG
21,797.80 +13.01 +0.06%
S&P 500 INDEX
2,461.43 -3.67 -0.15%
NASDAQ COMPOSITE INDEX
6,360.19 -37.68 -0.59%
FTSE 100 INDEX
7,377.60 -19.38 -0.26%
DAX INDEX
12,304.00 +7.35 +0.06%
CAC 40 INDEX
5,113.49 -1.13 -0.02%
IBEX 35 INDEX
10,129.60 +4.70 +0.05%
NIKKEI 225
19,541.40 +266.54 +1.38%
HANG SENG INDEX
27,933.80 +265.32 +0.96%

Currencies

EUR-USD
1.2015 -0.0021 -0.17%
USD-JPY
108.4200 +0.5800 +0.54%
GBP-USD
1.3182 -0.0018 -0.14%
AUD-USD
0.8044 -0.0016 -0.20%
USD-CAD
1.2141 -0.0018 -0.15%
USD-CHF
0.9493 +0.0051 +0.54%
EUR-GBP
0.9115 -0.0004 -0.04%
USD-HKD
7.8137 +0.0003 0.00%
EUR-CHF
1.1406 +0.0040 +0.35%
28 August - 01 September

28 August

The gloves came off in the latest round of Brexit talks, with the European Union asking the U.K. to come clean on the money it owes and British negotiators exasperated at what they see as the EU’s stubbornness.

Amazon.com Inc. spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market as much as 43 percent.

Donald Trump discussed a proposal to build a hotel and condominium tower in Moscow on three occasions with his company’s lawyer, who emailed the press secretary for Russian President Vladimir Putin to ask for assistance on the project.

North Korea fired an unidentified ballistic missile over Japan on Tuesday, reigniting tensions after a war of words earlier this month between Pyongyang and U.S. President Donald Trump.


29 August

Prime Minister Theresa May flies to Japan with a lofty goal: convince the world’s third-biggest economy to use its trade deal with the European Union as a basis for a future agreement with the U.K.

Russia’s slow-motion banking crisis claimed its biggest victim yet, forcing the central bank to provide support for other lenders to prevent panic from spreading.

Iran’s President Hassan Rouhani warned that while his country won’t be the first to violate the terms of the 2015 nuclear accord with world powers, it won’t stand by and allow the U.S. to disregard its own obligations.

The biggest iron ore producers in Australia are spending as much as $10 billion on mines so they can keep pumping out shipments to China as demand in their biggest customer shows little sign of easing.


30 August

Bankers may be leaving London, but Britain’s exit from the European Union could still offer opportunities to buy U.K. commercial real estate with the market in flux, according to Australia’s largest pension fund.

Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds.

Chatter that Qatar wants to quit the Gulf Cooperation Council for not backing it against a Saudi-led embargo has unleashed a torrent of vitriol.

Galaxy Entertainment Group Ltd. posted its biggest quarterly earnings gain in almost five years as high-stakes gamblers helped to boost profit in the world’s largest casino hub.


31 August

If the U.K. expects the next German government to ease the terms of its departure from the European Union, it’s about to be disappointed.

The man running the world’s biggest sovereign wealth fund says there’s every indication that global trade is suffering from something more serious than a temporary slowdown.

The U.S. government will release 1 million barrels of oil from the Strategic Petroleum Reserve to a Gulf Coast refinery, the first emergency discharge in five years, after Hurricane Harvey halted foreign-crude deliveries to the heart of the nation’s refining industry.

The global growth optimism spurred by improved momentum in the U.S., Europe and China is being at the very least garbled in efforts to translate it to the land Down Under.


01 September

European Union chief Brexit negotiator Michel Barnier said the British people need to be "educated" about the price they will be pay for quitting the bloc, according to the BBC on Sunday, citing comments made at a conference in Italy.

Chancellor Angela Merkel faced tough questions on Germany’s diesel-car crisis during a debate with her election challenger, putting her on the defensive before talks with mayors on avoiding driving bans in German cities.

President Donald Trump threatened to increase economic sanctions and halt trade with any nation doing business with North Korea, and his defense chief said the U.S. has “many military options” after the regime said it successfully tested a hydrogen bomb with “unprecedentedly big power.”

The Hong Kong Monetary Authority is tightening scrutiny over banks’ exposure to HNA Group Co. and Dalian Wanda Group Co.


Markets

DOW JONES INDUS. AVG
21,987.60 +39.46 +0.18%
S&P 500 INDEX
2,476.55 +4.90 +0.20%
NASDAQ COMPOSITE INDEX
6,435.33 +6.67 +0.10%
FTSE 100 INDEX
7,438.50 +7.88 +0.11%
DAX INDEX
12,142.60 +86.80 +0.72%
CAC 40 INDEX
5,123.26 +37.67 +0.74%
IBEX 35 INDEX
10,325.50 +26.00 +0.25%
NIKKEI 225
19,521.40 -170.03 -0.86%
HANG SENG INDEX
27,803.80 -149.34 -0.53%

Currencies

EUR-USD
1.1885 +0.0025 +0.21%
USD-JPY
109.7900 -0.4600 -0.42%
GBP-USD
1.2956 +0.0005 +0.04%
AUD-USD
0.7966 -0.0009 -0.11%
USD-CAD
1.2386 -0.0008 -0.06%
USD-CHF
0.9608 -0.0040 -0.41%
EUR-GBP
0.9173 +0.0015 +0.16%
USD-HKD
7.8250 +0.0001 0.00%
EUR-CHF
1.1420 -0.0021 -0.19%
21 August - 25 August

21 August

Irish Prime Minister Leo Varadkar said he remains “confused and puzzled” about the U.K.’s global trading plans after Brexit, as the clock ticks down in talks on the terms of Britain’s exit from the European Union.

Police shot dead the man suspected of driving the van that rammed into pedestrians in Barcelona last week, ending a five-day manhunt to track down the perpetrators of the worst terror attack in Spain since 2004.

It hasn’t been the investment bonanza Iran hoped for, but the billions of dollars unlocked by its 2015 nuclear deal with world powers might help cushion the impact of any future U.S. assault on the accord.

Singapore’s Foreign Minister Vivian Balakrishnan called on the U.S. and China to avoid a trade war while urging nations to stop trying to protect obsolete jobs.


22 August

Prime Minister Theresa May conceded that European Union law will influence the U.K. long after Brexit, a climbdown aimed at accelerating divorce talks but which opens her to attack from euroskeptics.

Credit Suisse Group AG established a new unit catering to institutional clients and the ultra rich at its Swiss universal bank after abandoning plans for an initial public offering of the division earlier this year.

The United Arab Emirates will start imposing a tax on selected goods starting Oct. 1 as Gulf Arab nations seek to deepen government revenue to counter the drop in oil prices.

The populist leaders of India, Indonesia and the Philippines won office with promises of massive spending to upgrade their nation’s roads, railways and ports. Doing so, the thinking goes, would supercharge economic growth and emulate China’s success.


23 August

Brexit watchers doubt whether the U.K. has done enough to convince the European Union to allow trade talks to start as soon as October.

European Central Bank policy maker Ardo Hansson said he isn’t currently concerned about the strength of the euro as officials prepare to discuss how to wind down their bond-purchase program.

President Donald Trump’s envoy to the United Nations met with the nuclear inspectors charged with verifying a deal between Iran and world powers to convey the White House’s concerns.

Even as Hong Kong shares are holding on to their eighth straight monthly gain, recent derivatives activity shows investors are getting jittery about Asia’s best-performing market this year.


24 August

The U.K. spent the summer publishing an avalanche of documents on Brexit but stayed silent on the one topic most likely to derail a deal: how much money it will pay the European Union.

Germany’s back and forth over potential bans for diesel cars in cities is sapping demand for the vehicles and causing a backlog of used models on dealer lots that’s swelled to some 4.5 billion euros ($5.3 billion).

Ratings companies expect Treasury Secretary Steven Mnuchin will resort to prioritizing U.S. debt payments if Congress fails to raise his borrowing authority in time. Yet the firms are in stark disagreement over what that would mean for the nation’s credit.

A top court in Thailand will rule Friday on charges of negligence against former Prime Minister Yingluck Shinawatra, a verdict that risks rekindling political tensions in Southeast Asia’s second-biggest economy.


25 August

Chancellor Angela Merkel cracked open the door to collective lawsuits against Germany’s auto industry over excessively polluting diesel engines, sharpening her tone after her main election challenger accused her of blocking the option.

Brexit talks resume on Monday with Prime Minister Theresa May under pressure on two fronts: European negotiators are pushing her to reveal her hand, while the opposition Labour Party has made a bid to lure May’s critics to their side.

EuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to almost double assets as it seeks investments in Lebanese-owned companies operating abroad while also backing smaller businesses in its home regions.

CBS Corp. agreed to buy struggling Australian broadcaster Ten Network Holdings Ltd., gaining an overseas platform for its video-on-demand service and squeezing out a potential bid by News Corp. Co-Chairman Lachlan Murdoch.


Markets

DOW JONES INDUS. AVG
21,813.70 +30.27 +0.14%
S&P 500 INDEX
2,443.05 +4.08 +0.17%
NASDAQ COMPOSITE INDEX
6,265.64 -5.68 -0.09%
FTSE 100 INDEX
7,401.46 -5.60 -0.08%
DAX INDEX
12,167.90 -12.89 -0.11%
CAC 40 INDEX
5,104.33 -8.80 -0.17%
IBEX 35 INDEX
10,345.30 -12.10 -0.12%
NIKKEI 225
19,424.20 -28.41 -0.15%
HANG SENG INDEX
28,028.60 +180.48 +0.65%

Currencies

EUR-USD
1.1925 +0.0001 +0.01%
USD-JPY
109.1500 -0.2100 -0.19%
GBP-USD
1.2885 +0.0003 +0.02%
AUD-USD
0.7938 +0.0006 +0.08%
USD-CAD
1.2477 -0.0004 -0.03%
USD-CHF
0.9559 -0.0011 -0.11%
EUR-GBP
0.9254 0.0000 -0.01%
USD-HKD
7.8222 +0.0039 +0.05%
EUR-CHF
1.1399 +0.0005 +0.05%
14 August - 18 August

14 August

The U.K. government said it wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period after Brexit and perhaps permanently, a proposal likely to raise eyebrows on the continent but which was cheered by British businesses.

Bitcoin soared past $4,000 for the first time on growing optimism faster transaction times will hasten the spread of the cryptocurrency.

Iranian lawmakers voted to raise spending on the nation’s missile program and elite forces, bolstering twin pillars of the security establishment that are at the center of a growing dispute with the U.S.

Defense Secretary Jim Mattis warned it would be “game on” for war if North Korea fired missiles that hit the U.S. or its territories, including the Pacific island of Guam.


15 August

German Chancellor Angela Merkel pledged to protect fishermen in the U.K.’s talks to leave the European Union, tailoring her election message to a local crowd on the North Sea coast as she seeks to rally her Christian Democratic Union’s base.

Space-like adjectives are often used to describe bitcoin’s stratospheric price rise. Now there may be some truth in those analogies.

When OPEC and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years.

Money managers who’ve watched the surge in corporate profits take U.S. equities to records are starting to fret about earnings growth, and that’s an “ominous” sign, Bank of America says.


16 August

Britain’s exit from the European Union will result in a worse customs deal than it has now, an independent think tank warned on Thursday.

The world economy looks well on its way to a year of faster, firmer growth after rising at its most rapid pace in 2 1/2 years in the second quarter.

The Qatar Investment Authority has reduced its direct shareholding in Credit Suisse Group AG to 4.94 percent in one of the sovereign wealth fund’s rare sales of the Swiss bank’s stock.

White House chief strategist Steve Bannon took public his long-simmering feud with some of President Donald Trump’s top economic advisers, saying in an interview with The American Prospect that he battles them often, especially over his determination to take a tougher position on China.


17 August

The U.K. is preparing to give further details of its approach to Brexit next week when it lays out positions in at least three different areas that it wants to negotiate with the European Union.

President Donald Trump will not move forward with a planned Advisory Council on Infrastructure, a person familiar with the matter said Thursday.

Four suspected terrorists were shot dead by police and six civilians were injured in a town south of Barcelona, hours after 13 people were killed when a van rampaged down the city’s iconic Las Ramblas avenue.

A sense of growing unease gripped financial markets as President Donald Trump exacerbated the controversy sparked by a racist rally in Virginia and terrorists struck a crowded street in Barcelona.


18 August

Britain returned to a provocative posture a week before Brexit talks with the European Union resume in a bid to pivot discussions toward a trade deal.

Chancellor Angela Merkel defended her handling of Germany’s refugee crisis and said she’ll serve a full four years if re-elected, as her main opponent steps up his campaign to unseat her.

Camp Morehead, Afghanistan (AP) -- Signaling that the U.S. military expects its mission to continue, the top U.S. commander in Afghanistan on Sunday hailed the launch of the Afghan Army's new special operations corps, declaring that "we are with you and we will stay with you."

Malaysia’s largest state-owned fund manager is looking to hold less cash even as it struggles to make acquisitions that would generate attractive returns.


Markets

DOW JONES INDUS. AVG
21,674.50 -76.22 -0.35%
S&P 500 INDEX
2,425.55 -4.46 -0.18%
NASDAQ COMPOSITE INDEX
6,216.53 -5.39 -0.09%
FTSE 100 INDEX
7,323.98 -63.89 -0.86%
DAX INDEX
12,165.20 -38.27 -0.31%
CAC 40 INDEX
5,114.15 -32.70 -0.64%
IBEX 35 INDEX
10,385.70 -58.10 -0.56%
NIKKEI 225
19,384.60 -85.77 -0.44%
HANG SENG INDEX
27,111.10 +63.50 +0.23%

Currencies

EUR-USD
1.1753 -0.0008 -0.07%
USD-JPY
109.2400 +0.0600 +0.05%
GBP-USD
1.2875 +0.0005 +0.04%
AUD-USD
0.7928 -0.0001 -0.01%
USD-CAD
1.2589 +0.0004 +0.03%
USD-CHF
0.9655 +0.0009 +0.09%
EUR-GBP
0.9129 -0.0006 -0.07%
USD-HKD
7.8226 -0.0011 -0.01%
EUR-CHF
1.1348 +0.0002 +0.02%
07 August - 11 August

07 August

Britain’s job market is booming, but concern is increasing about where companies are going to keep finding workers.

Trading in blue-chip stocks and trillions of dollars of derivatives could be thrown into turmoil by the European Union’s MiFID II regulatory overhaul unless the bloc acts fast to give financial firms full freedom to transact in foreign markets.

After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyond the oil age -- desert. The kingdom is converting thousands of square kilometers of sand into new cities as it seeks to diversify away from crude, create jobs and boost investment.

The South Korean prosecutor dubbed the “Chaebol Grim Reaper” is living up to that moniker, demanding that Samsung Group’s Jay Y. Lee spend 12 years in prison for his alleged role in a bribery scandal that toppled the nation’s president.


08 August

Irish authorities have seen a drop in the level and intensity of inquiries from finance firms seeking to set up shop in Dublin after Britain’s June election led to the prospect of a softer Brexit, according to a person familiar with the matter.

Captain Tsitrelis Ioannis and the 26-strong crew of the Malibu arrived at Ulsan in early August after sailing almost 9,000 nautical miles to deliver a million barrels of Kazakh CPC crude from the Black Sea to South Korea, one of the key buyers in the world’s biggest oil market.

President Donald Trump ratcheted up his rhetoric against North Korea to an unprecedented level Tuesday, warning Kim Jong Un’s regime will face a devastating military strike if it continues threatening the U.S.

China’s much-vaunted campaign to tackle its leverage problem has captured headlines this year. But to understand why they’re taking on the challenge -- and the threat it could pose to the world’s second-largest economy -- you need to dig into the mountain.


09 August

Prime Minister Theresa May’s government failed to reach an agreement with Scotland’s administration over repatriation of powers after Britain leaves the EU, as Scottish lawmakers said they would continue to reject the Brexit bill in its current form.

Qatar Airways hasn’t given up on investing in the U.S. after scrapping plans to buy a stake in American Airlines Group Inc. amid opposition from the Fort Worth, Texas-based company.

President Donald Trump is turning to one of the few non-military tools at his disposal to confront the escalating threats posed by North Korea: his instinct for verbal combat.

Wins Finance Holdings Inc., the Chinese loan guarantor that couldn’t explain a 4,555 percent surge in its stock, is set to be delisted from the Nasdaq Stock Market, which cited violations of exchange rules related to its shareholder base.


10 August

Theresa May still aims to broker a trade deal with the European Union before Britain leaves in 2019, even as members of her own cabinet express doubts over the likelihood of doing so.

Credit Suisse Group AG has banned its traders from buying or selling certain Venezuelan securities that critics of the nation’s government say help fund an authoritarian regime.

Banks in the world’s wealthiest nation will need to offer more yield if they tap the market as almost half of their traditional investor base has cut ties with the country.

President Donald Trump stepped up his campaign of pressure on North Korea, warning the regime not to follow through with a missile test near Guam and promising massive response to any strike against the U.S. or its allies.


11 August

The U.K. will this week seek to regain momentum in the Brexit talks by publishing outlines of its negotiating positions, after two key ministers ended their disagreement over a post-European Union transition period.

If Mario Draghi, the president of the European Central Bank, is looking for signs of wage growth, he might find comfort in Finland.

Saudi Arabia’s second-quarter budget gap narrowed to 46.5 billion riyals ($12.4 billion) from the same period last year after income from oil advanced, while non-oil revenue fell.

Commonwealth Bank of Australia Chief Executive Officer Ian Narev will step down by the end of June 2018 as the nation’s largest lender seeks to mitigate the fallout from a money-laundering scandal.


Markets

DOW JONES INDUS. AVG
21,858.30 +14.31 +0.07%
S&P 500 INDEX
2,441.32 +3.11 +0.13%
NASDAQ COMPOSITE INDEX
6,256.56 +39.68 +0.64%
FTSE 100 INDEX
7,309.96 -79.98 -1.08%
DAX INDEX
12,014.10 -0.24 0.00%
CAC 40 INDEX
5,060.92 -54.31 -1.06%
IBEX 35 INDEX
10,282.90 -167.10 -1.60%
NIKKEI 225
19,553.20 -176.52 -0.89%
HANG SENG INDEX
27,158.30 +274.79 +1.02%

Currencies

EUR-USD
1.1829 +0.0008 +0.07%
USD-JPY
109.3800 +0.1900 +0.17%
GBP-USD
1.3018 +0.0004 +0.03%
AUD-USD
0.7905 +0.0011 +0.14%
USD-CAD
1.2680 +0.0003 +0.02%
USD-CHF
0.9637 +0.0019 +0.20%
EUR-GBP
0.9087 +0.0002 +0.02%
USD-HKD
7.8192 +0.0008 +0.01%
EUR-CHF
1.1400 +0.0031 +0.27%
31 July - 04 August

31 July

U.K. Chancellor of the Exchequer Philip Hammond said Brexit will still go ahead in March 2019 in spite of disagreements in Prime Minister Theresa May’s cabinet over a transition period to help government and businesses adjust to the split.

Some international banks are serving Qatar from London and New York instead of Dubai’s financial center as a regional dispute makes it harder to do business with clients in the gas-rich Gulf state, according to people familiar with the matter.

Anthony Scaramucci was removed from his new job as White House communications director on John Kelly’s first day as chief of staff, just 10 days after the financier joined President Donald Trump’s staff.

Equity bears hunting for excess in the stock market might be better off worrying about bond prices, Alan Greenspan says. That’s where the actual bubble is, and when it pops, it’ll be bad for everyone.


01 August

After the euro surged through a critical technical level last week, analysts who study charts to help guide their predictions are looking back to 2010 for perspective on how high it could rise.

Apple Inc. gave a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses.

The major U.S. airlines that allege unfair competition by Persian Gulf rivals can’t show that new flight routes are costing U.S. jobs, allies of the Middle Eastern carriers told Secretary of State Rex Tillerson.

Majik used to sneak into Sydney’s botanical gardens before they were locked up at night so he could sleep safely. But as the cold weather closed in he joined other homeless people to shelter somewhere more central: outside the Reserve Bank of Australia.


02 August

Pay for bosses at leading U.K.-listed companies declined by 17 percent last year as boards reacted to political pressure to rein in excessive compensation.

The U.K. government is budgeting millions of pounds to train staff to negotiate trade deals, to compensate for a lack of expertise as the country prepares for Brexit.

President Donald Trump signed a Russia sanctions bill Congress forced on him, adding a statement saying the administration will carry out the law but with reservations about its impact and the constitutionality of some provisions.

President Xi Jinping’s top economic adviser commissioned a study earlier this year to see how China could avoid the fate of Japan’s epic bust in the 1990s and decades of stagnation that followed.


03 August

Most Britons think the country is on the wrong track, with terrorism and health care cited as the biggest concerns, a poll showed.

Special counsel Robert Mueller is using a federal grand jury in Washington to help collect information as he probes Russia’s meddling in the 2016 election and possible collusion by Trump campaign associates, according to three people familiar with the investigation.

Foreign deposits at Qatar’s banks may fall further after dropping the most in almost two years in June as some Gulf lenders refuse to roll over holdings, people with knowledge of the matter said.

Tiny flats are flooding Hong Kong as developers rush to target first-time buyers struggling to get into the world’s priciest market.


04 August

U.K. consumers cut back on spending for a third month in July, putting them in their worst slump in more than four years and dealing another blow to the economy at the start of the the quarter.

After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it beyond the oil age -- desert. The kingdom is converting thousands of square kilometers of sand into new cities as it seeks to diversify away from crude, create jobs and boost investment.

Qatar National Bank QPSC is considering options to raise financing as an ongoing standoff with its Gulf neighbors threatens to weaken liquidity in the gas-rich country, people familiar with the matter said.

China expressed confidence that new United Nations sanctions would help bring North Korea to the negotiating table to end its push for nuclear weapons and ballistic missiles.


Markets

DOW JONES INDUS. AVG
22,092.80 +66.71 +0.30%
S&P 500 INDEX
2,476.83 +4.67 +0.19%
NASDAQ COMPOSITE INDEX
6,351.56 +11.22 +0.18%
FTSE 100 INDEX
7,511.71 +36.94 +0.49%
DAX INDEX
12,297.70 +143.00 +1.18%
CAC 40 INDEX
5,203.44 +72.95 +1.42%
IBEX 35 INDEX
10,658.40 +109.30 +1.04%
NIKKEI 225
20,075.10 +122.73 +0.62%
HANG SENG INDEX
27,677.40 +114.77 +0.42%

Currencies

EUR-USD
1.1791 +0.0018 +0.15%
USD-JPY
110.7200 +0.0300 +0.03%
GBP-USD
1.3047 +0.0007 +0.05%
AUD-USD
0.7941 +0.0019 +0.24%
USD-CAD
1.2633 -0.0012 -0.09%
USD-CHF
0.9720 -0.0007 -0.07%
EUR-GBP
0.9037 +0.0010 +0.11%
USD-HKD
7.8194 -0.0001 0.00%
EUR-CHF
1.1460 +0.0007 +0.06%
24 July - 28 July

24 July

Deutsche Bank AG may shift about 300 billion euros ($350 billion) from the balance sheet of its U.K. entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter.

Rio Tinto Group faces a probe by the U.K.’s Serious Fraud Office over its business dealings in Guinea, just months after Australia’s federal police started an investigation into payments relating to the $20 billion Simandou iron ore project in the African nation.

LedgerX LLC, a cryptocurrency trading platform operator, won approval from the U.S. Commodity Futures Trading Commission to operate as a federally-regulated exchange and clearing house for derivatives contracts settling in digital currencies.

HNA Group Co. disclosed it’s controlled by a couple of charities as the acquisitive Chinese conglomerate whose overseas investments have come under scrutiny seeks to dispel concerns about its ownership structure.


25 July

BMW AG and Amazon.com Inc. gave a vote of confidence in the U.K. economy, in contrast to banks and other businesses increasingly preparing to shift some operations to the European Union as Brexit nears.

U.S. regulators said they have jurisdiction over one of the hottest new areas of finance: initial coin offerings of digital currencies.

Abu Dhabi Ports Co. is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, according to people familiar with the matter.

Of all the mysteries surrounding HNA Group Co., one of China’s most acquisitive companies, the 29 percent stake held by Guan Jun has been among the most puzzling.


26 July

Theresa May’s government has commissioned a report assessing the impact of EU workers on the British economy, a year after she first took office pledging to deliver Brexit, prompting questions as to why such an study wasn’t conducted earlier.

Five years after the sovereign debt crisis nearly tore the euro area apart, Europe’s biggest problem child appears on the road to recovery as the region continues to tick off boxes underscoring its revival.

White House chief strategist Steve Bannon supports paying for middle-class tax cuts with a new top rate of 44 percent for Americans who make more than $5 million a year, according to a person familiar with his thinking.

For decades, Singapore and Hong Kong have reigned supreme: as key transit points connecting travelers in Asia to and from the rest of the world. But now, a $1 trillion global airport spree is threatening the status quo.


27 July

A broadband provider backed by Soros Fund Management has raised 100 million pounds ($131 million) of debt financing to drive an expansion of its U.K. full-fiber network to 5 million homes by 2025 in a further challenge to BT Group Plc’s Openreach business.

Delta Air Lines Inc. and its international partners are reaching for their checkbooks to forge a deeper global alliance.

The U.S. Senate gave final approval to legislation strengthening sanctions on Russia and giving Congress the power to block President Donald Trump from lifting them, setting up a possible clash with the White House.

White House Communications Director Anthony Scaramucci assailed rivals Reince Priebus and Steve Bannon, two top aides to President Donald Trump, in a profane tirade that is sure to inflame a running and very public feud among top White House officials.


28 July

Vladimir Putin said he hoped there wouldn’t be a need for further retaliation against Washington after his government ordered the U.S. to slash staff at its diplomatic missions in Russia by 755, or nearly two thirds, in retaliation for new sanctions approved by Congress.

Deep pockets and a five-year lead time are keeping Qatar’s dream of hosting soccer’s 2022 World Cup from turning into a boycott-battered nightmare.

China is betting that U.S. President Donald Trump won’t make good on his threats of a military strike against North Korea, with Beijing continuing to provide a lifeline to Kim Jong Un’s regime.

As pessimism over oil dissipates and investors flirt with $50 a barrel again, short-sellers are getting out of the way.


Markets

DOW JONES INDUS. AVG
21,830.30 +33.76 +0.15%
S&P 500 INDEX
2,472.10 -3.32 -0.13%
NASDAQ COMPOSITE INDEX
6,374.68 -7.51 -0.12%
FTSE 100 INDEX
7,368.37 -74.64 -1.00%
DAX INDEX
12,162.70 -49.34 -0.40%
CAC 40 INDEX
5,131.39 -55.56 -1.07%
IBEX 35 INDEX
10,536.10 -67.30 -0.63%
NIKKEI 225
19,959.90 +0.07 0.00%
HANG SENG INDEX
26,979.40 -151.78 -0.56%

Currencies

EUR-USD
1.1744 -0.0007 -0.06%
USD-JPY
110.4000 -0.2800 -0.25%
GBP-USD
1.3136 0.0000 0.00%
AUD-USD
0.7973 -0.0014 -0.18%
USD-CAD
1.2475 +0.0042 +0.34%
USD-CHF
0.9679 -0.0008 -0.08%
EUR-GBP
0.8940 -0.0006 -0.07%
USD-HKD
7.8091 -0.0007 -0.01%
EUR-CHF
1.1368 -0.0013 -0.11%
17 July - 21 July

17 July

President Emmanuel Macron said the French state will ask local authorities to save 13 billion euros ($15 billion) by 2022 as his government seeks to shrink the recurring deficit.

Citigroup Inc. has settled on Frankfurt as its newest trading hub in the European Union and plans to present that option to its board of directors this week for approval, according to a person with knowledge of the decision.

The streaming-video provider scored a record second quarter, according to a statement Monday, surpassing forecasts for subscriber growth and boosting its international audience past the domestic total for the first time. Netflix shares surged in late trading.

As global stocks rally to new records, one part of China’s equity market is heading in the opposite direction.


18 July

Brexit negotiators acknowledged frustration on both sides over the U.K’s divorce from the European Union, due to entrenched early positions. But signs of progress are also emerging.

Daimler AG is seeking to head off a growing crisis over potential emissions cheating by voluntarily recalling more than 3 million Mercedes-Benz diesel vehicles in Europe.

Credit Suisse Group AG is planning to hire more relationship managers in Saudi Arabia, joining rivals including Deutsche Bank AG in designating the country as a priority for their wealth management businesses.

Initial coin offerings, a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says it’s time for things to cool down in a big way.


19 July

Morgan Stanley has become the latest global bank to pick Frankfurt for its new trading headquarters inside the European Union after Brexit, according to people briefed on the decision.

Energy-rich Gulf Arab nations have scrambled to adjust to the slump in oil prices since 2014. Three years on, their economies are mired in weak growth and largely just as dependent on crude as they ever were.

The U.S. and the U.K. proposed a road map to help resolve the standoff between a Saudi-led alliance and Qatar during Secretary of State Rex Tillerson’s trip to the region last week, according to a Gulf official with direct knowledge of the matter.

Aussie firms fretting over talk of interest-rate hikes could be feeling like they've just had one -- thanks to a spiraling currency.


20 July

A strong euro still spooks European stock traders, even when Mario Draghi starts talking up the region’s economy.

British businesses stepped up pressure on Prime Minister Theresa May to prioritize a transition agreement with the European Union, warning that firms face a “cliff-edge” when the two-year deadline for Brexit talks expires.

Elon Musk says he won “verbal” government approval to build the world’s longest tunnel for an ultra-high-speed train line to connect New York to Washington.

Indonesia’s central bank left its benchmark interest rate unchanged, as expected, on Thursday, but left analysts puzzled by delaying the announcement until close to midnight.


21 July

Britain has joined the U.S. in calling for an end to the boycott of Qatar after the country pledged to fight terrorism.

President Emmanuel Macron’s approval rating fell sharply in the past month as French voters were either confused by plans for the tax system, shocked by a dispute with the head of the army or unsettled by upcoming labor laws reform, an Ifop pollster told Journal du Dimanche.

German President Frank-Walter Steinmeier said Chancellor Angela Merkel’s government is right to act against what he called unacceptable Turkish policies under President Recep Tayyip Erdogan, who he said seeks to quench the country’s opposition.

A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card.


Markets

DOW JONES INDUS. AVG
21,580.10 -31.71 -0.15%
S&P 500 INDEX
2,472.54 -0.91 -0.04%
NASDAQ COMPOSITE INDEX
6,387.75 -2.25 -0.04%
FTSE 100 INDEX
7,452.91 -34.96 -0.47%
DAX INDEX
12,240.10 -207.19 -1.66%
CAC 40 INDEX
5,117.66 -81.56 -1.57%
IBEX 35 INDEX
10,426.60 -138.20 -1.31%
NIKKEI 225
19,927.30 -172.46 -0.86%
HANG SENG INDEX
26,836.30 +130.24 +0.49%

Currencies

EUR-USD
1.1668 +0.0005 +0.04%
USD-JPY
111.0300 -0.1000 -0.09%
GBP-USD
1.3010 +0.0013 +0.10%
AUD-USD
0.7922 +0.0006 +0.08%
USD-CAD
1.2544 +0.0005 +0.04%
USD-CHF
0.9463 +0.0006 +0.06%
EUR-GBP
0.8969 -0.0005 -0.06%
USD-HKD
7.8055 -0.0039 -0.05%
EUR-CHF
1.1042 +0.0012 +0.11%
10 July - 14 July

10 July

Crispin Odey, who made money for a second straight month by sticking to bearish equity bets, said the chance of a market crash is rising as growth slows and the Federal Reserve normalizes interest rates.

Secretary of State Rex Tillerson is in Kuwait, Qatar and Saudi Arabia this week to meet with Gulf leaders as the U.S. seeks to help end a standoff that pits key U.S. allies against one another.

The notoriously volatile cryptocurrency, whose 160 percent surge this year has captivated everyone from Wall Street bankers to Chinese grandmothers, could be headed for one of its most turbulent stretches yet.

Australia’s central bank is relying on an obscure piece of legislation dating back to World War II to justify keeping interest rates steady: its rarely-discussed third objective of monetary policy.


11 July

Exxon Mobil Corp., Chevron Corp. and other oil majors could see their credit ratings slashed again if they fail to cut costs and reduce their growing debt loads in the next year, according to an S&P Global Ratings report.

Former U.K. Business Secretary Vince Cable, the only candidate to lead the opposition Liberal Democrat party, warned that voters are unprepared for coming rises in interest rates and said that the associated difficulties make a reversal of Brexit more likely.

Abu Dhabi National Oil Co. is planning an initial public offering of its service stations unit and may seek a value of as much as $14 billion, according to people familiar with the matter.

Global demand for new smartphone models is driving Taiwan’s trade surplus and corporate revenues to record highs, underlining the strength of Asian trade even in the face of geopolitical jitters and rumors of protectionism.


12 July

The European Union’s chief Brexit negotiator, Michel Barnier, issued his second stern warning to the U.K. in the space of a week, demanding Theresa May’s government make its positions clear so talks on its withdrawal from the bloc can start making progress.

Google won its fight against a 1.12 billion-euro ($1.3 billion) French tax bill after a court rejected claims the search-engine giant abused loopholes to avoid paying its fair share.

OPEC wants an “orderly recovery” in oil production from Libya, Nigeria and Iran and has a flexible output target under its cuts agreement to accommodate more crude from the three member nations, the group’s Secretary-General Mohammad Barkindo said.

When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia.


13 July

The U.K. acknowledged for the first time on paper that it will have to pay money to the European Union as it withdraws from the bloc, seeking to damp down a row over the country’s so-called Brexit bill.

Donald Trump famously said in February that “Paris is no longer Paris.” On Thursday, after Emmanuel Macron showed him the town and met with him at the gilded Élysée Palace, the American president ladled praise on the French capital and the country’s 39-year-old leader.


Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030 as the OPEC member builds refineries in Asia to process more of its crude, the head of state-run Kuwait Petroleum International Ltd. said.

Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal.


14 July

Not even Mario Draghi can stop the comeback this year in eastern European bond markets.

Brexit Secretary David Davis urged U.K. and European Union negotiators to push for progress on resolving thorny questions around the rights of citizens resident in each other’s nations during the second round of divorce talks starting Monday in Brussels.

President Donald Trump is planning to shake up his legal team and is also evaluating options for his communications shop as the FBI and congressional investigations into his campaign’s possible ties to Russia heat up.

The fall from grace of a rising star in China’s Communist Party sheds light on how a reshuffle of the country’s top officials may play out under the leadership of President Xi Jinping later this year.


Markets

DOW JONES INDUS. AVG
21,637.70 +84.65 +0.39%
S&P 500 INDEX
2,459.27 +11.44 +0.47%
NASDAQ COMPOSITE INDEX
6,312.47 +38.03 +0.61%
FTSE 100 INDEX
7,378.39 -35.05 -0.47%
DAX INDEX
12,631.70 -9.61 -0.08%
CAC 40 INDEX
5,235.31 -0.09 0.00%
IBEX 35 INDEX
10,655.10 -3.20 -0.03%
NIKKEI 225
20,118.90 +19.05 +0.09%
HANG SENG INDEX
26,495.40 +106.14 +0.40%

Currencies

EUR-USD
1.1462 -0.0008 -0.07%
USD-JPY
112.6300 +0.1000 +0.09%
GBP-USD
1.3100 +0.0002 +0.02%
AUD-USD
0.7815 -0.0017 -0.22%
USD-CAD
1.2656 +0.0012 +0.09%
USD-CHF
0.9643 +0.0008 +0.08%
EUR-GBP
0.8750 -0.0004 -0.05%
USD-HKD
7.8044 +0.0005 +0.01%
EUR-CHF
1.1054 +0.0003 +0.03%