Russia Expects to Sell Gas to China at Half the Price for Europe
Russia expects to sell its pipeline natural gas to China at almost half the price for Europe in the next three years. #press
World’s Biggest Currency Rally Triggers Deflation in Costa Rica
In a region known for rampant inflation, one country now has falling consumer prices. #press
FDIC Says It Should Have Done More to Supervise First Republic Bank
The Federal Deposit Insurance Corp. acknowledged on Friday that it should have done more to oversee First Republic Bank before its failure in May. #press
Pressure Rippling Through Funding Markets Drives Rates Higher
Dynamics in the funding market at the end of August suggest the beginning of a shift where collateral outweighs cash and rates push higher, according to Bank of America Corp. #press
Orano Halts Uranium Treatment in Niger Because of Sanctions on Junta
French nuclear group Orano SA is halting the processing of uranium ore at one of its facilities in Niger because international sanctions against the military junta are hampering logistics. #press
Barclays Near Private Credit Partnership With AGL
Barclays Plc is finalizing a partnership with AGL Credit Management to invest in the fast-growing $1.5 trillion private credit market, according to people with knowledge of the matter. #press
Swap Rates Jump as Hopes Fade of an Early Colombian Interest Rate Cut
Traders are betting Colombia will be forced to delay the beginning of its monetary easing cycle, with swap rates jumping after August inflation data came in above expectations. #press
Fed’s Barr ‘Deeply Concerned’ About Stablecoins Without US Oversight
The Federal Reserve’s Vice-Chair of Supervision Michael Barr says he’s “deeply concerned” about stablecoins without strong federal oversight during a speech Friday at a fintech conference at the Federal Reserve Bank of Philadelphia. (Source: Bloomberg) #press
Sunak Says ‘Enormous Progress’ Made on UK-India Free Trade Deal
The UK and India have made “enormous progress” toward signing a free-trade agreement, Prime Minister Rishi Sunak said, in his strongest indication yet that he hopes to clinch a deal this year. #press
Carpe Clichés! This Time Really Was Different
Oft-repeated sayings can annoy, all the more so when they’re true. But stimulus cash has run out for bets on the US consumer. #press
Meloni Tempts Bond Vigilantes With Italian Spending Squabble #press
Swedish Housing Prices Near Inflection Point as Rates Trek Up
Swedish housing prices were little changed last month, with analysts split on whether a slide in home values will resume. #press
Why the Heavy Hand of the State Is Getting Heavier
On this episode of Merryn Talks Money, Merryn Somerset Webb discusses how the aftermath of the financial crisis has led to more government intervention in markets. #press
Chevron LNG Talks Drag Into Friday
Talks between Chevron Corp. and labor unions in Australia are set to continue on Friday. Workers are poised for two weeks of rolling strikes beginning next week if a deal is not reached. Amy Bainbridge reports on Bloomberg Television. (Source: Bloomberg) #press
Apple’s China Troubles Catch Fund Managers Chasing Tech Rally
For months, megacap tech shares powered US stocks to dizzying gains. The market’s engine is now starting to sputter. #press
NFL-Backed New Era Cap Secures $600 Million Term Loan Amid IPO Speculation
For over a century, New Era Cap has reined as one of the most recognizable names in hatmaking. #press
China Is Being Left Out by a Record Number of New EM Stock Funds
Launches of emerging-market equity funds that exclude China have already reached a record annual high in 2023, as investor concerns grow over weak returns as well as the risks of investing in the nation. #press
Japan’s Chubu Electric to Invest in US Nuclear Firm NuScale
Chubu Electric Power Co. agreed to invest in US nuclear technology company NuScale Power Corp., as the Japanese utility follows the government’s lead in making greater use of atomic power. #press
Oil Tanker Maker Yinson Targets Near $1 Billion Earnings By 2025
Yinson Holdings Bhd., a Malaysian firm making vessels for offshore oil and gas production, expects to deliver close to $1 billion in core earnings as soon as 2025 amid strong demand, its top executive said. #press
Standard Chartered Sees More Upside for Japanese Stocks
"If you think about the recent string of corporate reforms that have happened, improvement in corporate governance, we think that will lead to further share buybacks from Japanese corporates and that should be positive. And secondly, we think that markets may be underestimating the earnings... #press
