Follow us on FaceBook Follow us on Twitter Check our YouTube Channel
Fed was divided on rate cut, wanted to avoid appearing on path for more cuts
(Reuters)-22/08/2019. Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump.
From Biarritz to Jackson Hole, Economic Leaders Debate Stimulus
(Bloomberg)-21/08/2019. The leaders of the world economy convene this week 8,000 kilometers apart with the same thing on their mind: What more stimulus do they need to support the weakest global growth since the financial crisis?
Switzerland Has a New Way to Impose World’s Lowest Interest Rate
(Bloomberg)-21/08/2019. The Swiss National Bank has a new way of enforcing the world’s lowest interest rate.
Qatar to build new port in Somalia’s Hobyo
(The Daily Star)-21/08/2019. Qatar plans to build a new seaport at Somalia’s Hobyo, a potentially strategic investment in an area of East Africa fiercely contested by Gulf rivals.
Trade deficit widens by 5 percent in first half of 2018: Customs report
(The Daily Star)-21/08/2019. Lebanon’s trade deficit in the first six months of 2019 widened by almost 5 percent to $8.4 billion due to a rise in imports in this period, according to figures released by the Customs department.
Caution grips Asian shares as Fed events loom large
(Reuters)-21/08/2019. Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going.
Japan, U.S. ministers meet for trade talks as hopes for early deal fade
(Reuters)-21/08/2019. Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.
Trump looking at possible tax cuts amid economic jitters
(Reuters)-21/08/2019. President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
Alibaba postpones up to $15 billion Hong Kong listing amid protests - sources
(Reuters)-21/08/2019. China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
Hong Kong Rates May Spike as Funds Depart, Morgan Stanley Says
(Bloomberg)-20/08/2019. Hong Kong’s interbank interest rates will turn increasingly volatile as investors continue to yank cash from the city’s financial markets, according to Morgan Stanley.
Oil Holds Advance as Hints of U.S.-China Detente Spur Optimism
(Bloomberg)-20/08/2019. Oil held gains as hints of trade detente between the U.S. and China and the prospect of monetary stimulus buoyed financial markets.
These nations faced default. Now their bonds yield zero
(The Daily Star)-20/08/2019. Less than a decade ago, investors could barely be compensated enough to hold the bonds of Spain and Portugal for fear the nations could be severed from the European Union.
Investment in bonds dropped by more than 10 pct in 2018
(The Daily Star)-20/08/2019. The Lebanese commercial banks investments in foreign bonds and equities in 2018 dropped by 10.2 percent in 2018 to $3.56 billion compared to 2017, according to figures released by the Central Bank.
China trims lending rates with new benchmark, more rate cuts expected
(Reuters)-20/08/2019. China lowered its new lending reference rate slightly on Tuesday, as expected, as the country’s central bank kicked off new interest rate reforms designed to lower corporate borrowing costs.
Asia shares edge up as stimulus hopes temper recession worries
(Reuters)-20/08/2019. Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold.
Quick Links
Articles issued by Chairman, Board of Directors & Secretary General of UAB
Global Consulting Services Affordable to all
UAB Magazine - Issue 464 July 2019
UAB-OECD joint Conference