Hong Kong’s Lee Plans Task Force to Boost Stock Market Liquidity
Hong Kong will set up a task force to look into ways to boost stock market liquidity, according to Chief Executive John Lee.
Bloomberg Business
Slower US Job Growth to Support Fed Patience
Employment growth in the world’s largest economy probably cooled and wage increases moderated in August, suggesting a further tempering of inflation risks that reduces the urgency for another Federal Reserve interest-rate hike.
National Australia Bank Set to Cut 10% of Market-Unit Jobs: AFR
National Australia Bank plans to cut about 10% of jobs at its markets division as early as this week, the Australian Financial Review’s Street Talk reported, citing unidentified people.
German Inflation Trauma of 1923 Strikes an Uneasy Chord Today
By late-1923, hyperinflation had rendered Germany’s currency so worthless that one woman used several billion marks of banknotes to fashion a dress for carnival.
Fortescue Adds Ex-CSIRO Chief Larry Marshall to Board, AFR Says
Fortescue Metals Group Ltd. added Larry Marshall, former chief executive of the Commonwealth Scientific and Industrial Research Organisation, to its board, the Australian Financial Review reported.
China’s Industrial Profits Drop Persists as Economy Weakens
The decline in China’s industrial profits eased in July, though the slowing economic recovery and deflation risks remain an overhang for the sector.
North Korea Lets Its Citizens Abroad Return on Eased Covid Curbs
North Korea has lifted a ban on citizens who live abroad returning to the country in line with its easing of Covid-19 restrictions, state media reported.
Trump Raises $7.1 Million as Georgia Arrest Rallies Supporters
Former President Donald Trump raised $7.1 million since his arrest in Georgia on Thursday as his campaign sought to capitalize on the mug shot taken at a Fulton County jail.
Powell Has Bond Traders Right Where He Wants Them: Full of Doubt
Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s next steps.
