16 October - 20 October

16 October

U.K. Prime Minister Theresa May’s government fears Brexit talks will break down unless the European Union gives ground at a key summit this week, according to a person familiar with her team’s views.

President Donald Trump signaled increasing U.S. alarm about the situation in northern Iraq after forces loyal to Baghdad seized the headquarters of Kirkuk’s provincial administration on Monday, threatening to escalate tensions over Kurdish autonomy and pushing oil prices higher.

Stanford University economist John Taylor, a candidate for Federal Reserve chairman, made a favorable impression on President Donald Trump after an hour-long interview at the White House last week, several people familiar with the matter said.

Kobe Steel Ltd.’s investigations into faked product data will probably reveal that the practice began more than ten years ago, according to a company executive. As the company works to contain the fallout from the scandal, it has briefed analysts that short-term liquidity isn’t an issue as it seeks to generate cash including via asset sales.


17 October

European Union countries are seeking to complete their own preparatory work on a future relationship with the U.K. this year, a move intended to keep hope alive for Theresa May’s government even as Brexit negotiations remain stalled.

Bridgewater Associates is adding to its billion-dollar short against the Italian economy. The world’s largest hedge fund disclosed a $300 million bet against Eni SpA, Italy’s oil and gas giant, data compiled by Bloomberg show.

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Saudi oil minister Khalid Al-Falih said Tuesday.

Rio Tinto Group, the world’s second-biggest miner, and two of its former top executives have been charged with fraud over the alleged inflation of the value of coal assets in Mozambique acquired for about $3.7 billion in 2011, the Securities and Exchange Commission said.


18 October

U.K. Prime Minister Theresa May will demand that the European Union move Brexit talks on to trade in a face-to-face showdown with leaders over dinner, even as EU officials see a breakthrough as all but impossible.

Russia may have got what it wished for with the election of U.S. President Donald Trump, but almost a year later Moscow’s foreign policy community shows more signs of alarm than triumph.

Rosneft PJSC signed a deal with Iraq’s semi-autonomous Kurdistan to develop five oil blocks, cementing ties with the region even as tensions over sovereignty flare into armed clashes between Kurdish forces and Iraqi government troops.

Property, overseas investments and shadow-banking products have all been targeted by China’s campaign to curb financial risks over the past year. What’s left?


19 October

The U.K. should investigate whether “dark money” played a role in the 2016 Brexit referendum, a Labour Party lawmaker said on Thursday, citing a series of reports on the OpenDemocracy website about Arron Banks, who helped bankroll the ‘Leave’ campaign.

Red Kite Management Ltd., the world’s largest metals hedge fund, is suing Barclays Plc for alleged market abuse in the copper market that it claims cost the firm at least $850 million between 2010 and 2013.

Secretary of State Rex Tillerson has little hope that a Saudi Arabia-led bloc’s standoff with Qatar will end anytime soon, blaming the four countries lined up against the emirate for a lack of progress and casting doubts on U.S. efforts to mediate the crisis.

The 37-year-old daughter of a New Zealand police officer is set to join a new generation of leaders overturning the political establishment in some of the world’s most-developed countries.


20 October

Catalan separatists meet Monday to craft their reply to Prime Minister Mariano Rajoy after the Spanish leader announced an unprecedented barrage of measures to stamp his authority on the rebel region.

Scottish First Minister Nicola Sturgeon urged U.K. Prime Minister Theresa May to ignore Brexit die-hards and strike a deal with the European Union, while reiterating her aim to give Scotland the right to decide its own future once the details are known.

The company that helped build entire neighborhoods in Dubai plans to sell part of its business in the United Arab Emirates in an initial public offering.

Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.


Markets

DOW JONES INDUS. AVG
23,328.60 +165.59 +0.71%
S&P 500 INDEX
2,575.21 +13.11 +0.51%
NASDAQ COMPOSITE INDEX
6,629.05 +23.99 +0.36%
FTSE 100 INDEX
7,523.23 +0.19 0.00%
DAX INDEX
12,991.30 +1.18 +0.01%
CAC 40 INDEX
5,372.38 +4.09 +0.08%
IBEX 35 INDEX
10,222.70 +25.20 +0.25%
NIKKEI 225
21,674.30 +216.69 +1.01%
HANG SENG INDEX
28,275.90 -211.35 -0.74%

Currencies

EUR-USD
1.1770 -0.0014 -0.12%
USD-JPY
113.7800 +0.2600 +0.23%
GBP-USD
1.3195 +0.0005 +0.04%
AUD-USD
0.7821 +0.0004 +0.05%
USD-CAD
1.2626 -0.0001 -0.01%
USD-CHF
0.9846 +0.0004 +0.04%
EUR-GBP
0.8920 -0.0012 -0.13%
USD-HKD
7.8022 -0.0025 -0.03%
EUR-CHF
1.1586 -0.0016 -0.14%
09 October - 13 October

09 October

Chief Executive Officer John Cryan is losing the support of some investors just seven months into Deutsche Bank AG’s latest turnaround plan.

Days before Donald Trump decides whether to decertify Iran’s compliance with the 2015 nuclear deal, the top voices in Washington seeking to minimize the damage from any such move are key U.S. allies.

Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global inventories and balance the market.

The Singaporean venture capital firm led by Finian Tan, who made his name investing early in Chinese search giant Baidu Inc., has completed its largest fundraising yet to bankroll global deals.


10 October

Catalan President Carles Puigdemont said that he’ll seek talks with the government in Madrid over the future of his region in Spain, rowing back from an immediate declaration of independence that threatened to turn a constitutional crisis into an economic one.

Bank of England Governor Mark Carney is ready to raise interest rates from a position of economic weakness rather than strength.

Hawaii says President Donald Trump’s latest attempt to restrict foreigners’ travel to the U.S. is just the latest outgrowth of his stated aim to enact a total and complete shutdown of Muslims entering the country.

The scandal engulfing Kobe Steel Ltd. that’s rocked industrial Japan deepened on Wednesday as the steelmaker said its falsification of product data extended beyond copper and aluminum with incorrect information found on iron powder.


11 October

Less than a decade after the last major banking crisis, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are offering investors a new way to bet on the next one.

Bitcoin is so close to making a new record and it could be because it’s taking market share from its smaller cousins.

U.S. central bankers are looking for clues that underlying strength in the economy will underwrite their plans to raise interest rates for a third time this year, a record of their meeting last month showed, as officials wrestled with why inflation remains so low.

Corporate scandals may be tainting Japan’s once-revered business reputation, but at least one market isn’t perturbed: equities.


12 October

Brexit talks are deadlocked with the U.K. side hoping European leaders will throw Prime Minister Theresa May a bone at a summit next week. It’s likely to be disappointed.

Italian Prime Minister Paolo Gentiloni won a vote in parliament on reform of the electoral system, averting the risk of a government crisis and early elections.

The Trump administration withdrew the U.S. from the United Nations cultural organization, saying it’s biased against Israel and citing its decision to admit the Palestinian territories as a member state.

Samsung Electronics Co. Vice Chairman and Chief Executive Officer Kwon Oh-hyun is stepping down after more than three decades at the company, saying that he’s making way for new leadership amid a corruption trial surrounding the de facto chief.


13 October

London house prices are falling at their fastest pace since the aftermath of the financial crisis, confirming the British capital as the worst-performing part of a slowing market.


Don’t celebrate too soon. That was the key message as policy makers and investors left Washington on Sunday after attending the annual meetings of the International Monetary Fund and World Bank.

As billionaire Arkady Rotenberg’s builders race to finish a bridge to Crimea, Vladimir Putin already has a new mega-project lined up for his childhood friend.

Li Ka-Shing’s CK Asset Holdings Ltd. sold its 75 percent holding in The Center to a Chinese-led group for HK$40.2 billion ($5.15 billion), a record for a Hong Kong office tower, the Hong Kong Economic Journal reported.


Markets

DOW JONES INDUS. AVG
22,841.00 -31.88 -0.14%
S&P 500 INDEX
2,550.93 -4.31 -0.17%
NASDAQ COMPOSITE INDEX
6,591.51 -12.04 -0.18%
FTSE 100 INDEX
7,556.24 +22.43 +0.30%
DAX INDEX
12,982.90 +12.21 +0.09%
CAC 40 INDEX
5,360.81 -1.60 -0.03%
IBEX 35 INDEX
10,275.90 -2.50 -0.02%
NIKKEI 225
21,003.50 +48.78 +0.23%
HANG SENG INDEX
28,432.00 -27.06 -0.10%

Currencies

EUR-USD
1.1802 -0.0018 -0.15%
USD-JPY
112.0500 +0.2300 +0.21%
GBP-USD
1.3286 +0.0001 +0.01%
AUD-USD
0.7871 -0.0016 -0.20%
USD-CAD
1.2488 +0.0020 +0.16%
USD-CHF
0.9763 +0.0018 +0.18%
EUR-GBP
0.8883 -0.0015 -0.17%
USD-HKD
7.8086 +0.0016 +0.02%
EUR-CHF
1.1522 +0.0003 +0.03%
02 October - 06 October

02 October

The U.K. will leave a 20 billion euro ($23 billion) hole in the European Union’s budget unless the bloc agrees to give Theresa May the sweeping Brexit trade deal she wants, according to senior British officials.

Ireland faces a rebuke from European Union authorities for failing to collect a year-old tax bill of as much as 15 billion euros ($17.6 billion) from Apple Inc. during a fight with regulators.

Goldman Sachs Group Inc. is exploring how it could help clients trade bitcoin and other digital currencies, according to a person briefed on the plan.

While little is yet known about Japan’s new national opposition party, any gains in polls for the group led by Tokyo Governor Yuriko Koike should be good for the yen, according to Goldman Sachs Group Inc.


03 October

Uber Technologies Inc. won’t be able to resolve a dispute any time soon with London transportation authorities who have threatened to ban the ride-hailing service in the city.

King Felipe VI told the Catalan separatist trying to break up his country that their “unacceptable disloyalty” has no place in any democratic state, as he vowed to keep Spain together.

Defense Secretary Jim Mattis told lawmakers it’s in the U.S.’s strategic interest to remain in the Iran nuclear deal that President Donald Trump has said he’d like to scrap.

Tim Leissner, a senior Goldman Sachs Group Inc. banker before leaving the firm in the wake of its work with Malaysia’s embattled investment fund, has been barred from the U.S. securities industry for failing to provide documents to a regulator.


04 October

Catalan President Carles Puigdemont kept the rest of Spain guessing on if and when he will declare independence, prolonging the uncertainty over the breakaway region’s ultimate card in its confrontation with the government in Madrid.

The head of the U.K.’s Financial Conduct Authority issued a new warning on the levels of consumer indebtedness and called for fresh thinking on how lending is run.

European Union regulators sent a warning to any company using fees on intellectual property rights to shift profits away from the taxman -- slapping Amazon.com Inc. with a 250 million-euro ($294 million) bill and giving Luxembourg another rap on the knuckles.

Home ownership among young Australians has fallen to the lowest level on record, as an explosive property boom squeezes out all but the wealthiest.


05 October

Spanish Prime Minister Mariano Rajoy convenes his cabinet on Friday as the financial and political squeeze on the separatist government in Catalonia tightens.

Regulators across the globe are increasingly taking an interest in initial coin offerings, with European Central Bank Governing Council member Ewald Nowotny being the latest to weigh in.

President Donald Trump’s administration told the U.S. Supreme Court Thursday it should dismiss its pending case over the president’s travel ban, an action that would let lower courts take the first look at the most recent version.

Sydneysiders are cashing out of their million-dollar homes in favor of cheaper houses in the tropical north, says Macquarie Bank Ltd.


06 October

German Chancellor Angela Merkel agreed to a demand by her Bavarian allies to seek an annual limit on migration, clearing an obstacle for talks on forming her next government and responding to an electoral surge by the nationalist Alternative for Germany party.

Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said.

As Amazon.com Inc. pushes into Southeast Asia with a new venture into Singapore, the online retailer is facing some tough hurdles. Shopping in air-conditioned malls is practically a national sport, and e-commerce rivals moved in long ago.

The U.S. and Turkey each suspended visa services for citizens looking to visit the other country, a sharp escalation of tensions that sent the lira down more than 6 percent against the U.S. dollar.


Markets

DOW JONES INDUS. AVG
22,773.70 -1.72 -0.01%
S&P 500 INDEX
2,549.33 -2.74 -0.11%
NASDAQ COMPOSITE INDEX
6,590.18 +4.82 +0.07%
FTSE 100 INDEX
7,522.87 +14.88 +0.20%
DAX INDEX
12,955.90 -12.11 -0.09%
CAC 40 INDEX
5,359.90 -19.31 -0.36%
IBEX 35 INDEX
10,185.50 -29.20 -0.29%
NIKKEI 225
20,690.70 +62.15 +0.30%
HANG SENG INDEX
28,470.60 +12.51 +0.04%

Currencies

EUR-USD
1.1739 +0.0009 +0.08%
USD-JPY
112.6100 -0.0400 -0.04%
GBP-USD
1.3080 +0.0014 +0.11%
AUD-USD
0.7773 +0.0006 +0.08%
USD-CAD
1.2531 +0.0002 +0.02%
USD-CHF
0.9780 -0.0017 -0.17%
EUR-GBP
0.8975 -0.0007 -0.07%
USD-HKD
7.8038 -0.0026 -0.03%
EUR-CHF
1.1480 -0.0005 -0.04%
25 September - 29 September

25 September

Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage, according to Citigroup Inc.

The Bank of Greece plans to start stress tests for the country’s four systemic banks in late February with a view to determine by June if they need fresh capital before the end of the Greek bailout program.

A week after London moved to revoke Uber Technologies Inc.’s operating license, the company and its electronic ride-hailing competitors are feeling the heat in New York as city officials consider moves to regulate and control the industry.

The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council.


26 September

Siemens AG and Alstom SA agreed to merge their rail businesses in a deal that brings together former arch-rivals from Germany and France to create a European transportation giant aimed at countering competition from China.

Kuwait’s stock exchange has met all the requirements necessary for the country to be added to the emerging markets list compiled by index provider FTSE Russell later this week, according to its chief executive officer.

Dyson Ltd., best-known as a manufacturer of vacuum cleaners, hand driers and air filters, will build an electric car by 2020, founder James Dyson said Tuesday.

Singapore home prices have reached a bottom and will rebound, while Hong Kong’s “crazy” housing market will continue to defy gravity, according to BNP Paribas SA.


27 September

Amazon.com Inc., girding for competition from Apple Inc. and Google in the race to equip homes with smart devices, unveiled a slew of consumer gadgets including an Alexa-powered digital-home hub, a smaller and cheaper Echo speaker and a new mini Echo with a screen, called Spot.

The U.S. will accept no more than 45,000 refugees in the year starting Oct. 1, according to Trump administration officials, reducing the limit by more than half from the previous year and setting a target that’s the lowest since current refugee legislation was passed in 1980.

Saudi Arabia raised $12.5 billion from its second dollar bond sale this year as the kingdom bolsters its finances amid an economic overhaul.

New Zealand’s central bank held interest rates at a record low and signaled it doesn’t expect to raise them for some time as the economic growth outlook weakens and inflation slows.


28 September

Members of the Theresa May’s Conservative Party don’t agree about exactly when the prime minister should quit, but they think it should be before the next election.

The real weight of public opinion in Saudi Arabia lies among its young people, an Internet generation eager for social change. Or at least, so says one member of that cohort.

China ordered North Korean companies active in the country to shut down as it seeks to implement United Nations’ sanctions against the hermetic regime.

Six months after wagering he can build the world’s biggest battery, entrepreneur Elon Musk is back Down Under to defy his doubters.


29 September

Catalan separatist leaders signaled they may be moving toward a unilateral declaration of independence as early as this week after hundreds of activists were injured on Sunday as they sought to stop Spanish police from shutting down an illegal referendum.

U.K. Conservative lawmaker Jacob Rees-Mogg said Britain should refuse to set up border posts between Northern Ireland and the Republic of Ireland after Brexit, and urged the Irish government to do the same.

Go-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies Inc.

China’s independent refiners burst onto the international oil market scene only a couple of years ago and lifted the nation past the U.S. as the world’s No. 1 crude buyer. Now, a new generation of firms building some of the globe’s biggest plants are threatening to eclipse them.


Markets

DOW JONES INDUS. AVG
22,405.10 +23.89 +0.11%
S&P 500 INDEX
2,519.36 +9.30 +0.37%
NASDAQ COMPOSITE INDEX
6,495.96 +42.51 +0.66%
FTSE 100 INDEX
7,372.76 +49.94 +0.68%
DAX INDEX
12,828.90 +124.21 +0.98%
CAC 40 INDEX
5,329.81 +36.04 +0.68%
IBEX 35 INDEX
10,381.50 +53.00 +0.51%
NIKKEI 225
20,405.60 +49.27 +0.24%
HANG SENG INDEX
27,554.30 +132.70 +0.48%

Currencies

EUR-USD
1.1773 -0.0041 -0.35%
USD-JPY
112.8400 +0.3300 +0.29%
GBP-USD
1.3362 -0.0036 -0.27%
AUD-USD
0.7822 -0.0012 -0.15%
USD-CAD
1.2493 +0.0021 +0.17%
USD-CHF
0.9702 +0.0019 +0.20%
EUR-GBP
0.8811 -0.0009 -0.10%
USD-HKD
7.8096 -0.0014 -0.02%
EUR-CHF
1.1422 -0.0018 -0.16%
18 September - 22 September

18 September

Aston Martin Holdings Ltd. wants some clarity on the U.K. government’s Brexit negotiations within six months as the luxury sports-car maker seeks to avoid trade tariffs.

U.K. Prime Minister Theresa May’s attempt to silence Foreign Secretary Boris Johnson in the Brexit debate backfired as he gave an interview in which he openly discussed leaving office.

President Donald Trump said Monday the world will “‘see very soon” whether the U.S. withdraws from the Iranian nuclear deal.

Australians’ average weekly household income grew by A$213 ($170) between 2004 and 2008. Since then, it’s increased by a total A$27.


19 September

French President Emmanuel Macron used his inaugural appearance at the United Nations General Assembly to offer an almost a point-by-point rebuke to another first-timer: U.S. President Donald Trump, who spoke two hours earlier.

Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar.

Banks that provided a $4.75 billion loan to Turk Telekomunikasyon AS’s major shareholder hired Lazard Ltd. to advise them on the nation’s biggest ever default, according to three people with knowledge of the matter.

Uber Technologies Inc., facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, people with knowledge of the matter said.


20 September

U.K. Prime Minister Theresa May is said to be weighing whether to accept for the first time the need to discuss the European Union’s demand for a “Brexit bill” of tens of billions of pounds, in a move designed to kick-start stalled negotiations in Brussels.

Ever since Barclays Plc ousted Antony Jenkins as chief executive officer in 2015, he has been warning the banking industry to embrace new technology or face a "Kodak moment" of obsolescence.

Nicaragua will reportedly join the Paris climate accord, leaving the U.S. and Syria as the only two nations left refusing to support the landmark deal to fight global warming.

Alibaba Group Holding Ltd. Chairman Jack Ma, who wooed President Donald Trump earlier this year with a pledge to help create 1 million new U.S. jobs by 2021, said people should stop looking to manufacturing to drive economic growth.


21 September

U.K. Prime Minister Theresa May will on Friday propose a period of transition after Brexit takes effect in March 2019, aiming to give certainty and clarity to companies worried about the looming split.

Facebook Inc., under fire over Russia’s use of its social network to spread pre-election discord in the U.S. last year, pledged a sweeping overhaul of political advertising and said it will give Congress all the evidence it has on the campaigns.

U.S. President Donald Trump ordered new sanctions on individuals, companies and banks doing business with North Korea as he sought to further isolate the regime and increase economic pressure for it to curb its weapons programs.

Foreigners predicting doom for China’s banks have got it all wrong, according to James Stent, who spent more than a decade serving on the boards of two Chinese lenders.


22 September

Angela Merkel won a fourth term as German chancellor in a victory that was marred by the hollowing out of support for the two main parties and a surge for the populist AfD in a clear rebuke to her open-doors refugee policy.

Brexit is the U.K.’s biggest task, and Labour is acting like a government-in-waiting after Prime Minister Theresa May lost her parliamentary majority. But the leader of the main opposition party keeps dodging the topic.

New Zealand Prime Minister Bill English has claimed a mandate to form the next government after winning the biggest slice of the vote in Saturday’s election, even as opposition leader Jacinda Ardern refuses to concede defeat.

John Pearce has returned to Sydney from a week in Hong Kong beaming, with one clear message of where to invest his next dollar: China.


Markets

DOW JONES INDUS. AVG
22,349.60 -9.64 -0.04%
S&P 500 INDEX
2,502.22 +1.62 +0.06%
NASDAQ COMPOSITE INDEX
6,426.92 +4.23 +0.07%
FTSE 100 INDEX
7,310.64 +46.74 +0.64%
DAX INDEX
12,592.30 -7.68 -0.06%
CAC 40 INDEX
5,281.29 +14.00 +0.27%
IBEX 35 INDEX
10,305.00 +8.00 +0.08%
NIKKEI 225
20,390.50 +94.03 +0.46%
HANG SENG INDEX
27,650.30 -230.24 -0.83%

Currencies

EUR-USD
1.1928 -0.0023 -0.19%
USD-JPY
112.3400 +0.3500 +0.31%
GBP-USD
1.3528 +0.0024 +0.18%
AUD-USD
0.7960 -0.0002 -0.03%
USD-CAD
1.2333 -0.0006 -0.05%
USD-CHF
0.9709 +0.0016 +0.17%
EUR-GBP
0.8818 -0.0032 -0.36%
USD-HKD
7.8095 +0.0002 0.00%
EUR-CHF
1.1581 0.0000 0.00%
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%