01 September

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ECB decisions to reflect better growth: de Guindos By Reuters

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FRANKFURT (Reuters) - The euro zone economy is growing quicker than earlier predicted and the European Central Bank will factor this into its policy decisions, ECB Vice President Luis de Guindos told a Spanish newspaper. As borrowing costs stay extra low and the euro zone has largely avoided the worst of the pandemic's Delta variant, several policymakers have called for a reduction in emergency bond purchases as soon as next week, in preparation for their end next March. "The economy is performing better in 2021 than we expected, and this will be reflected in the projections...

01 September

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BOJ’s deputy governor warns against premature monetary tightening By Reuters

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By Leika Kihara TOKYO (Reuters) -The Bank of Japan must avoid reducing stimulus prematurely and instead stand ready to ramp up monetary support if the economy worsens, deputy governor Masazumi Wakatabe said, warning of heightening uncertainty caused by the coronavirus pandemic. Wakatabe said he saw no need to ease policy immediately as robust exports and capital expenditure underpin Japan's fragile economy by offsetting the weakness consumption. But he added the timing of the recovery would be delayed, as a spike in Delta variant cases threatens his earlier forecast that steady vaccinations will prop up growth. "If...

01 September

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First meeting for UK’s CPTPP inclusion to be held in a month, Japan minister says By Reuters

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By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) - Member countries of the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP) agreed to hold within a month a first meeting with Britain to discuss its inclusion in the trade deal, Japan's economy minister said on Wednesday. The trade pact removes 95% of tariffs between its members: Japan, Canada, Australia, Vietnam, New Zealand, Singapore, Mexico, Peru, Brunei, Chile and Malaysia. "It was agreed between member countries to hold it (the meeting) in about a month," Economy Minister Yasutoshi Nishimura told reporters after hosting a virtual meeting...

01 September

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CEOs back to pre-pandemic levels of confidence, KPMG survey shows By Reuters

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LONDON (Reuters) - The bosses of the world's biggest companies are back to their pre-pandemic levels of confidence in the global economy's prospects and most expect to make acquisitions to boost growth, a survey showed on Wednesday. While uncertainty remained due to the Delta variant of COVID-19, 60% of corporate leaders were confident about the global economy over the next three years, up from 42% in a similar survey in early 2021, accountancy firm KPMG said. Almost nine out of 10 senior executives said they were seeking out takeover deals over the next three years. "Despite...

01 September

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Asian shares down on slow-growth fear; dollar stays near three-week low By Reuters

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By Alun John HONG KONG (Reuters) - Asian shares gave up some of their recent gains in cautious trading on Wednesday while the dollar inched back from three-week lows, as worries about slowing global growth in several markets returned to weigh on traders' minds. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.40%, edging off a three-week high reached the day before. In the past two weeks, the regional benchmark has regained much of the ground lost a few weeks earlier when markets globally dropped, spooked by the possibility that the U.S. Federal Reserve...

01 September

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VW asks Supreme Court to reverse Ohio diesel emissions ruling By Reuters

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By David Shepardson WASHINGTON (Reuters) - Volkswagen (DE:VOWG_p) AG on Tuesday asked the U.S. Supreme Court to reverse an Ohio court ruling that cleared the way for the state to move forward with a lawsuit over its diesel emissions scandal and manipulation of emissions-control systems. The German automaker previously asked the U.S. Supreme Court to review an appeals court ruling that said two counties could seek diesel-related financial penalties that could total billions of dollars. That request is pending. In June, the Ohio Supreme Court ruled 6-1 that the federal Clean Air Act did not pre-empt...

01 September

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MARKET WRAP: FTSE 100 ends lower, USD rallies into London fix, oil falls By Investing.com

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Key Points FTSE finishes lower but has best month since April USD jumps into London fix Oil lower as Ida weakens as it moves on, OPEC+ set to meet Cryptocurrencies mixed but set for solid monthly gains By Samuel Indyk Investing.com – The FTSE 100 finished the last trading day of August lower but still managed to have its best monthly performance since April. British Airways parent IAG (LON:ICAG) was the worst performing stock in the blue-chip index after the European Union recommended a pause on all non-essential travel from the US amid an increase in...

01 September

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ECB’s Knot expects reduction in bond buys with end in March: Bloomberg By Reuters

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FRANKFURT (Reuters) - European Central Bank policymaker Klaas Knot said on Tuesday he expected the ECB to start reducing the pace of its emergency bond purchases at next week's meeting, with a view to ending them in March. "I would expect a decision that should not be incompatible” with ending the ECB's Pandemic Emergency Purchase Programme (PEPP) in March, Knot was quoted as saying by Bloomberg. "That would imply a reduction in the purchase pace." ...

01 September

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Dollar pinned near three-week low as U.S payrolls test looms By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar traded near its lowest point in nearly three weeks versus major peers on Wednesday, with investors focused on a key U.S. jobs report due on Friday for clues on when the Federal Reserve might begin paring stimulus. The dollar index, which measures the greenback against six rivals, edged higher to 92.751 from Tuesday, when it dipped as low as 92.395 for the first time since Aug. 6. The U.S. currency was about flat at $1.18015 per euro, after touching the weakest since Aug. 5 at $1.1845 in the...

01 September

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Explainer-Why and how China is drastically limiting online gaming for under 18s By Reuters

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BEIJING (Reuters) - China on Monday introduced new rules that limit the amount of time under-18s can spend on video games to three hours a week, a move it said was necessary to combat gaming addiction. The new rules place the onus on implementation on the gaming industry and are not laws per se that would punish individuals for infractions. WHY IS CHINA CONCERNED ABOUT GAMING ADDICTION? Authorities in China, the world's largest video games market, have worried for years about addiction to gaming and the internet among young people, setting up clinics which...

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ECB decisions to reflect better growth: de Guindos By Reuters

BOJ’s deputy governor warns against premature monetary tightening By Reuters

First meeting for UK’s CPTPP inclusion to be held in a month, Japan minister says By Reuters

CEOs back to pre-pandemic levels of confidence, KPMG survey shows By Reuters

Asian shares down on slow-growth fear; dollar stays near three-week low By Reuters

VW asks Supreme Court to reverse Ohio diesel emissions ruling By Reuters

MARKET WRAP: FTSE 100 ends lower, USD rallies into London fix, oil falls By Investing.com

ECB’s Knot expects reduction in bond buys with end in March: Bloomberg By Reuters

Dollar pinned near three-week low as U.S payrolls test looms By Reuters

Explainer-Why and how China is drastically limiting online gaming for under 18s By Reuters

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