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posted on 10 July 2017

Early Headlines: Asia Stocks And Oil Up, Dollar Steady, Gold Down, Coming Cryptocurrency Crash, Health Care Uncertain, U.S. Skill Shortages, Syria Cease Fire, China Inflation In Line, Brazil Unemployment, And More

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Early Bird Headlines 10 July 2017

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.


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Don’t react to his tweets, play down areas of conflict where you can, and stand your ground when you need to. Most of those tactics were deployed during last week’s Group of 20 summit and while there were some tense moments, everyone left Hamburg agreeing to disagree, at least for now.

Over the next few years, some currencies will crash, some platforms will collapse, people will lose money and (perhaps) more players will go to jail. (Bitcoin pioneer Charlie Shrem has, and he’s already on to his next venture.) It’s tough to see bubbles when you’re inside them, but tracking at-risk participation and interdependence of emerging investment innovations might provide warnings.

In the meantime, be thankful that competitive experimentation will open opportunities for deeper and more diverse capital markets with potentially wider participation. And expect that what goes up will also go down.

Click for large image.



  • Donald Trump Jr. acknowledges that he met with a Russian lawyer who offered information that could be helpful to his father's presidential campaign
  • Trump Jr. claimed he determined the lawyer had no "meaningful information" on then-Democratic presidential candidate Hillary Clinton

Wells Fargo has set aside that money to compensate customers who are part of a class-action lawsuit involving claims regarding consumer or small business bank accounts, credit cards or loans, as well as identity theft protection, between May 2002 and April of this year. It plans to begin reaching out to those affected customers soon.

In the "unlikely event" that there are so many claims, and there is not $25 million left over to distribute across all customers involved in the lawsuit, Wells Fargo said it will pay more. The bank reached the settlement in April, according to a regulatory filing, but the judge's preliminary approval moves the deal to the next step.


  • U.S.-Russian ceasefire deal holding in southwest Syria (Reuters) A U.S.-Russian brokered ceasefire for southwest Syria held through the day, a monitor and rebels said on Sunday, in the first peacemaking effort of the war by the U.S. government under President Donald Trump. The United States, Russia and Jordan reached the "de-escalation agreement", which appeared to give Trump a diplomatic achievement at his first meeting with Russian President Vladimir Putin at the G20 summit in Germany this week.


  • Trump backtracks on cyber unit with Russia (Reuters) President Donald Trump backtracked on his push for a cyber security unit with Russia, tweeting that he did not think it could happen, hours after his proposal was harshly criticized by Republicans who said Moscow could not be trusted.
  • Russia Is the Biggest Loser in G-20 Stock Markets (Bloomberg) Lower oil prices and pressure from sanctions are hurting investors this year. (Subscription required to read full article.)


  • China announced monthly inflation data at 9:30 a.m. SIN/HK on Monday
  • China's Consumer Price Index rose 1.5 percent year-on-year in June
  • The Producer Price Index, meanwhile, rose 5.5 percent against the same time last year
  • Both of those figures matched Reuters analyst forecasts



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