Egypt Expects to Tap UAE Wheat Financing Deal in January
Egypt expects to begin making use of a five-year, $500 million financing deal provided by the United Arab Emirates to fund wheat imports in January, Supply Minister Ali El-Mosilhy said.
Bloomberg Business
China Urges More Loans, Debt Risk Reduction as Woes Compound
China’s central bank and financial regulators met with bank executives and told lenders again to boost loans to support a recovery, adding to signs of heightened concern from policymakers about the deteriorating economic outlook.
Adobe’s Co-Founder John Warnock Dies at 82
Technology entrepreneur John Warnock, co-founder of Adobe Inc., died on Saturday at age 82, the company said in a statement.
Turkey Starts Curbing FX Tool Imposed to Halt Lira Selloff
Turkey took a first step away from a tool designed to halt a selloff in the lira by imposing a rule that banks must increase their government bond holdings if they don’t convince their clients to shift to regular deposits in the currency.
Russia’s Luna-25 Spacecraft Destroyed as It Crashes Into Moon
Russia said its robotic spacecraft crashed while attempting to land near the moon’s south pole, failing in a race with India to become the first country to reach the region.
Japan’s Kishida Visits Fukushima Amid Focus on Water Release
Japanese Prime Minister Fumio Kishida visited the crippled Fukushima nuclear power plant and said it’s premature to say when the country would release treated wastewater from the disaster site.
Russian Prosecutors File Claim Against Billionaire Melnichenko
Russian prosecutors filed a lawsuit against sanctioned billionaire Andrey Melnichenko, as President Vladimir Putin increases pressure on wealthy Russians to repatriate their assets from abroad.
Solar Money in China Drives World Renewable Investment to Record
The world is spending more money than ever in renewable energy, most of it on solar power in China, according to a report from BloombergNEF.
All Eyes on Fed Chief Powell in Jackson Hole
It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.
