August, 2019

• 7 August

  German industry suffered worst annual drop in a decade in June

  

  Bloomberg German industrial production registered its biggest annual decline in almost a decade, highlighting the severity of the trade-inflicted manufacturing slump in Europe’s largest economy. Output was down 5.2% in June from the previous year, the most since late 2009, when the country was recovering from the Great Recession that followed the global financial crisis. The numbers are the latest ...

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• 7 August

  Kim says North Korean missile test sends warning to US, South

  

  Bloomberg Kim Jong-un said North Korea’s latest missile tests were intended as a warning against ongoing US-South Korea military exercises, while President Donald Trump’s new defense chief defended the training as necessary to maintain readiness. North Korean state media said that Kim personally oversaw what allied military officials said was a pair of short-range ballistic missile launches a day earlier ...

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• 7 August

  China summons HK officials to Shenzhen to discuss unrest

  

  Bloomberg China’s top agencies in charge of Hong Kong affairs held a special meeting across the border in Shenzhen to discuss unrest in the financial hub that’s become a wider challenge to Beijing and raised questions about whether it should intervene more directly. The seminar was jointly held by the Hong Kong and Macau Affairs Office of the State Council ...

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• 7 August

  China warship collision ‘led to standoff’

  

  Bloomberg The Taiwanese coast guard intervened to end an hour-long standoff between a freighter and an unidentified Chinese warship after the two vessels collided in the contested Taiwan Strait. The Taiwanese-registered bulk carrier Yutai No. 1 collided with a Chinese naval vessel around 20 nautical miles southeast of Taiwan-controlled Kinmen Island late on July 31, Fu Shih-hour, the cargo ship’s ...

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• 7 August

  Malaysia Bersih calls PM to set succession date

  

  Bloomberg Malaysian civil society groups are urging PM Mahathir Mohamad to set a date for when he will hand over power to former rival Anwar Ibrahim. And they want it to be between a year from now to May 2021. The groups include Bersih, or Coalition for Clean and Fair Elections, which was behind one of the country’s biggest protests ...

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• 7 August

  Trump’s words not so different from El Paso shooter’s

  

  Bloomberg President Donald Trump has encouraged white supremacy to come out of the shadows, Democratic presidential front-runner Joe Biden was expected to say, adding that there’s very little that distances Trump’s rhetoric from the anti-immigrant screeds of mass shooters like the suspect in the recent El Paso, Texas, attack. “How far is it from Trump’s saying this ‘is an invasion’ ...

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• 7 August

  US stocks rebound, bonds gain on dovish central-bank moves

  

  Bloomberg US equity futures extended a rebound and European stocks rallied as markets continued to recover from a brutal selloff at the start of the week. Caution was on display, however, as bonds gained while currencies were roiled by a series of dovish central-bank moves in Asia. Futures on all three major US benchmarks turned higher following a surge in ...

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• 7 August

  Canadian stocks on worst streak in ‘a year’

  

  Bloomberg Canadian stocks played catch up with a global rout following August 5’s holiday, with the nation’s benchmark falling the most this year before paring losses. The S&P/TSX Composite Index fell 0.8 percent, extending its slump for a sixth straight session — its longest losing streak since September 10. Energy stocks were the biggest decliners on the benchmark as the ...

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• 7 August

  South Korea is world’s worst major equity market in ’19

  Bloomberg South Korean equities overtook those of Malaysia to become the world’s worst major equity market for the year as ongoing trade war with Japan and tensions between the US and China slashed the nation’s earnings outlook. The benchmark Kospi Index has dropped 6.1 percent year-to-date compared with 5.1 percent decline in the FTSE Bursa Malaysia KLCI Index in Singapore. ...

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• 7 August

  Johnson’s Conservative party revolution plan

  

  When, how or if Britain gets an early general election is unclear, but Prime Minister Boris Johnson’s government has been on a snap-election footing since Day One. Whenever it comes, and whatever the state of Brexit at the time, the next election could dramatically redefine the battleground of British politics. One possibility is a vote of no confidence in Johnson’s ...

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