Written by Econintersect
Early Bird Headlines 20 August 2019
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, published Monday, Wednesday and Friday, 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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Notice: We have changed the form of content coverage for Early Bird. We will provide discussion only for Asia Markets news and a small number (often 1 or 2) other articles. The remainder of the content will be headlines (with links) only.
Key Articles
​Global
- Asia stocks mixed as China debuts new loan prime rates (CNBC) Stocks in Asia were mixed on Tuesday, as the People’s Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies. The U.S. dollar index was higher at 98.385 after seeing lows below 97.5 last week. Brent crude futures contract was 0.15% lower at $59.65 per barrel, while U.S. crude futures were just above the flatline at $56.22 per barrel. Spot gold was stable at $1,495.21 per ounce at 0438 GMT. Treasury yields for 2 years and longer duration moved lower.
U.S.
- Trump May Push for Payroll Tax Cut (The Washington Post, Twitter)
Germany
- Germany Will Sell Zero Coupon Bunds for the First Time (Twitter) Bunds have been selling with negative yield in the secondary market. Now original issue will be tried offering 0% interest.
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Other important articles
U.S.
- Democratic hopeful Warren apologizes for Native American ancestry claims (Reuters)
- Scaramucci assembling team of former Cabinet members to speak out against Trump (The Hill)
- For Trump, appeals to white fears about race may be a tougher sell in 2020: Reuters/Ipsos poll (Reuters)
- 2 days before he died, Jeffrey Epstein signed a new will putting his $577 million in assets in a trust – $18 million more than he told the court he was worth (Business Insider)
- U.S. Steel plans to lay off hundreds of workers in Michigan (Reuters)
- Trump killed the presidential weekly address, and no one noticed (The Washington Post)
- Top U.S. CEOs say companies should put social responsibility above profit (Reuters)
- Planned Parenthood to stop taking Title X funds rather than comply with abortion ‘gag rule’ (Los Angeles Times)
EU
- EU officials reject Boris Johnson’s new Brexit demands before he even sits down with European leaders (Business Insider)
​UK
Saudi Arabia
Russia
India
China
- China lowers borrowing costs – but UBS says the impact will probably be ‘very muted’ (CNBC)
- U.S. grants Huawei another 90 days to buy from American suppliers (Reuters)
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