Asian shares drifted off on Wednesday as anxious investors awaited more earnings reports from corporate America, while the dollar held firm in the wake of robust U.S. retail data and a Brexit-driven dive in the pound.
company America Movil on Tuesday reported a surge in
its second-quarter net profit on the back of foreign exchange
gains, driven in part by an appreciation in the Mexican peso.
Amazon has reached a deal with Germany's anti-trust authority to overhaul its terms of service for third-party merchants, who had complained of unfair treatment when selling through the world's biggest online retailer.
SuperannuationThe Federal Government has been urged to significantly extend the timeframes for the introduction of its further measures on insurance inside superannuation in circumstances where super fund call centres have already been overwhelmed by member enquiries about supposedly inactive accounts.
Facebook’s announcement in June 2019 of plans to launch a “simple global currency” called Libra to “empower billions of people” to move money around the world with the ease of a text message has sparked predictable skepticism in the Trump administration, the US Congress, and the Federal Reserve. An...
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FACTORS TO WATCH
4:00 pm: NITI Aayog CEO Amitabh Kant at India Innovation Growth Programme…
The prudential regulator has been criticised for its poor culture, leadership and regulation of the superannuation sector following a landmark review that will force it to overall its entire structure.
The U.S. Food and Drug Administration
(FDA) said it found adulteration and "significant violations" of
current good manufacturing practice (CGMP) regulations at
Strides Pharma Sciences Ltd's plant in Puducherry in
This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.The Arizona Regional Multiple Listing Service (ARMLS) reports ("Stats Report"):1) Overall sales increased to 9,313 in June, up from 9,079 in June 2018. Sales were down 9.9% from May 2019 (last month), and up 2.6% from June 2018.2) Active inventory was at 15,188, down from 15,851 in…
Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:30 AM, Housing Starts for June. The consensus is for 1.260 million SAAR, down from 1.269 million SAAR in May.• During the day, The AIA's Architecture Billings Index for June (a leading indicator for commercial real estate).• At 2:00 PM, the Federal Reserve…
From the IEA last night: The main message of this Report is that in 1H19 oil supply has exceeded demand by 0.9 mb/d. Our latest data show a global surplus in 2Q19 of 0.5 mb/d versus previous expectations of a 0.5 mb/d deficit. This surplus adds to the huge stock builds seen in the second
The post And now for an oil shock! appeared first on MacroBusiness.
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