Brandywine Sees Stabilizing China Supporting Emerging Markets
More stimulus in China will impact emerging markets through a weaker US dollar and stabilizing commodities demand, according to Brandywine Global Investment Management.
Bloomberg Business
Lawyers for Bob Lee’s Accused Killer Question Motive in Murder
Lawyers representing the man accused of killing technology executive Bob Lee are attempting to poke holes in the prosecution’s case, questioning the motive and the thoroughness of the police investigation in what’s likely a long-term strategy to raise enough doubt to exonerate their client at trial.
China Approves Six Nuclear Reactors at $17 Billion Investment
China’s State Council approved six new nuclear reactors as it continues to expand the world’s biggest pipeline of new atomic energy projects.
Pakistan Faces Gas Crunch After Deciding Not to Buy Pricey LNG
Pakistan will not purchase costly liquefied natural gas shipments for early next year, a move that threatens further fuel shortages in the cash-strapped nation.
Australia’s Great Barrier Reef Avoids Unesco ‘In Danger’ List
The Great Barrier Reef will not be recommended for inclusion on the “in danger” list this year by the United Nation’s world heritage body, even as it warned that the natural wonder is still under “serious threat” from climate change and agriculture.
MUFG Says Credit Suisse Debt Sales Handled ‘Mostly Properly’
Mitsubishi UFJ Financial Group Inc.’s brokerage venture said it handled sales of Credit Suisse’s riskiest debt properly for the most part as it continues a review more than four months after the bonds turned worthless.
China’s Cabinet Urges Cities to Roll Out Property Policies
China’s State Council called on cities to introduce policies to ensure the healthy development of their property markets, adding to the chorus of top policymakers stressing the importance of targeted measures for economic growth.
China’s Home Sales Drop Most in a Year as Slowdown Worsens
China’s home sales tumbled the most in a year in July, underscoring why policy makers are seeking to address a property slowdown that’s weighing on the economic recovery.
Japan Jobless Rate Falls in Positive Sign for Wages, BOJ Goal
Japan’s unemployment rate fell in June, feeding into optimism that upward pressure on wages may persist and help Bank of Japan Governor Kazuo Ueda achieve his goal of sustainable inflation.
Australia’s House-Price Gains Ease as Property Listings Jump
Australia’s house price growth decelerated in July following an increase in property listings that suggest sellers are taking advantage of current market strength, including those struggling to meet their obligations after rapid interest-rate increases.
