
Trump Pledges Harvey Aid With Congress Pressured to Speed Relief
published Aug 28, 2017 3:59:30 PM, by Erik Wasson and Jennifer Epstein (Bloomberg) — President Donald Trump said that he expects Congress to swiftly pass emergency disaster funding to respond to Hurricane Harvey in Texas, even as signs of a political fight over the money began to emerge. “You’re going

North Korea Fires Missile Over Japan in `Unprecedented’ Act
published Aug 28, 2017 6:30:42 PM, by Colin Keatinge, Lily Nonomiya and Andy Sharp (Bloomberg) — North Korea fired a ballistic missile over Japan on Tuesday, reigniting tensions after a war of words earlier this month between Pyongyang and U.S. President Donald Trump. The missile landed about 1,200 kilometers (745

Brexit Talks Should Focus on Economy, Say Business Lobby Groups
published Aug 27, 2017 6:01:00 PM, by Emma Charlton (Bloomberg) —Brexit negotiators reconvening in Brussels should focus on the economy on both sides, the British Chambers of Commerce and the Association of German Chambers of Commerce said. The two lobby groups on Monday called for clarity and certainty as the

Gasoline Surges, Oil Steady as Harvey Shuts Texas Refineries
published Aug 27, 2017 5:19:41 PM, by Jessica Summers (Bloomberg) —Gasoline surged and oil was steady as flooding from Tropical Storm Harvey inundated refining centers along the Texas coast, shutting more than 10 percent of U.S. fuel-making capacity. Front-month gasoline futures jumped as much as 6.8 percent while oil added

S&P 500 Futures Pare Drop as Harvey’s Impact on Industries Eyed
published Aug 27, 2017 6:00:59 PM, by Oliver Renick and Lu Wang (Bloomberg) — Futures on American equity indexes were little changed, paring earlier losses, as investors waited to gauge consequences for stocks and industries from the strongest storm to hit the U.S. since 2004. September contracts on the S&P

Performance Gap With U.S. Creates `Layup’ for Canada Stocks
published Aug 24, 2017, 3:18:01 PM, by Kristine Owram (Bloomberg) —The disparity between underperforming Canadian stocks and their shining U.S. peers never stays this wide for long, which is why the manager of more than C$600 million ($478 million) at IA Clarington Investments Inc. is significantly overweight Canada. “You’re just

Amazon to Cut Prices at Whole Foods as Acquisition Closes
published Aug 24, 2017, 3:24:23 PM, by Mark Gurman and Matt Townsend (Bloomberg) —Amazon.com Inc. is wasting no time bringing its reputation for undercutting competitors to the grocery business through newly acquired Whole Foods Market Inc. The company said it will begin slashing prices on a broad cross section of

China’s Wealthiest Gain the Most This Year in Global Asset Rally
published Aug 24, 2017, 5:32:16 PM, by Brendan Coffey and Jack Witzig (Bloomberg) —The equity rally propelling global asset values higher this year is once again turning China into the world’s fastest-growing wealth machine. The fortunes of the 40 Chinese billionaires on the Bloomberg Billionaires Index have surged 46.8 percent since

Wildest Commodity Trade Over Faster Than Game of Thrones Episode
published Aug 24, 2017, 4:48:35 AM, by Alfred Cang (Bloomberg) —If an episode of Game of Thrones seems to go too quickly, consider the lifespan of a ferrosilicon contract on China’s Zhengzhou Commodity Exchange. Trading in futures of the alloy used to harden steel exploded this week, with the average

U.K. Warns Tech Industry May Be Damaged Without Brexit Deal
published Aug 24, 2017, 6:38:44 AM, by Robert Hutton (Bloomberg) —Britain risks damaging crucial parts of its technology industry unless it can secure an unprecedented deal with the European Union on data exchange after Brexit, according to a government paper published Thursday. The document made clear that Britain’s aim in this area