Your Daily Scan of the New Global Economy

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United States
Hong Kong Police Officer Fires Warning Shot As Violence Escalates In Pro-Democracy Protests For the first time in 12 weeks of unrest, a Hong Kong police officer fired a warning shot into the air to thwart protesters chasing him and other police officers with metal pipes. The gunfire occurred at Tsuen Wan, the primary site...
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HK police say violent protesters forced use of water cannon, warning shot Hong Kong police said Monday they were forced to fire water cannon and a warning shot to fend off “extremely violent” demonstrators, following another weekend of clashes at pro-democracy rallies. Sunday’s violence in the district of Tsuen Wan, around 10 kilometres (six miles)...
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China's top trade negotiator urges calm: report China’s top trade negotiator tried to reduce tensions with the US by calling for a “calm attitude” on Monday, local media reported, as the two countries engage in a fresh round of the tit-for-tat tariffs roiling global markets. Last week, the China-US trade war took a turn for...
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Shell Sued by Australian Tax Office Over Browse Stake (Bloomberg) — Royal Dutch Shell Plc is appealing a decision by the Australian Taxation Office that has left the company with a bill estimated at A$755 million ($510 million), the Guardian reported.The ATO has been battling with Shell’s local subsidiary for six years regarding the tax...
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G7 leaders struggle for breakthrough on economy, Iran G-7 leaders are wrapping up a summit dominated by tensions over U.S. trade policies and a surprise visit by Iran’s top diplomat. U.S. President Donald Trump and summit host French President Emmanuel Macron will finish off the three-day summit with a joint news conference Monday. The troubled...
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Gold Driven Toward $1,600 as the Oldest Haven Shows Its Mettle (Bloomberg) — Gold took a significant stride toward $1,600 an ounce as the U.S.-China trade war worsened, hurting the outlook for global growth and boosting demand for the traditional haven as risk assets suffered.Bullion futures rallied as much as 1.8% to $1,565 an ounce...
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Treasury Yields Sink to 3-Year Lows on ‘No-Limit’ Trade War Fear (Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Global bonds rallied anew Monday with 10-year Treasury yields sinking to a three-year low as a worsening U.S.-China trade war roiled global markets.Benchmark U.S. yields...
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Fernando Alonso Begins Dakar Rally Prep, Mercedes Rule Out Signing Spaniard Fernando Alonso’s quest to become one of the legends of motorsport and not only Formula 1 continued in Namibia where he got behind the wheel of a Toyota Hilux to begin his transition to sand racing. The Spaniard’s next big assignment is expected to...
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Exclusive: Ride-hailing firm Grab plans major investment in Vietnam - top executive Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a $2 billion plan in Indonesia. Posted: August 26, 2019 6:40 am
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If You Like EPS Growth Then Check Out TXCOM Société Anonyme (EPA:ALTXC) Before It's Too Late It’s only natural that many investors, especially those who are new to the game, prefer to buy shares in ‘sexy’ stocks… Posted: August 26, 2019 6:38 am
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