Macro & Markets
- Fund managers dip into cash as equity markets rally on – Fairfax
- In upcoming OPEC meeting, consensus could hinge on Iran’s aging oilfields – Financial Post
- NY Fed, Bangladesh central bank to resume normal money transfers: sources – Reuters
- China smelters face lowest fees in 4 years as zinc market tightens
- Top steel firms’ debt level totals record $150 billion: EY – Reuters
- BP to Halliburton in ‘Barroom Brawl’ as Drillers Slash Costs – Bloomberg
- A Physics Lesson for Central Bankers – Bloomberg
- Brent crude tries to hold above $50 level as oil prices waver – Marketwatch
- In the Bond Market, All the World’s Not A Stage – WSJ
Asia
- Price rises for new Chinese homes slow in July – SCMP
- Reflating Japan: Time to Get Unconventional? (pdf) – IMF Working Paper
- Japan in transition: Economic realities mean Japan must confront its reluctance to accept immigrants – Financial Post
- Massive layoffs hit China as heavy industries step up restructuring – Nikkei Asian Review
- Negative rates no help to Japan’s economy – Nikkei Asian Review
- Japan Exports Fall at Fastest Pace Since Financial Crisis on Strong Yen – NY Times
Europe
- UK to avoid recession and world economy to ‘stabilise’ as Brexit shock passes – but US poses biggest risk to global growth – Telegraph
- UK retail sales rise 1.4% in July as shoppers shrug off Brexit gloom – Guardian
- French unemployment rate falls below 10% for first time since 2012 – Guardian
- London’s Other Financial Center Needs to Keep Banks Close – Bloomberg
- Is Nord Stream II dead? – EU Observer
Americas
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- Investors reduced to being the Fed’s predictable pooches – Financial Post
- Developers sitting on land in Toronto’s heated housing market in hopes prices will keep rising – Financial Post
- The Fed Is Searching for a New Framework. New Minutes Show It Doesn’t Have One Yet. – NY Times
- The U.S. Recovery Is Not What It Seems – Bloomberg
- People Are Getting Emotional About Fed’s ‘Schizophrenic’ Debate – WSJ
Terra Specufestorus
- Melbourne the most liveable city in the world? Tell ’em they’re dreamin’ – Fairfax
- Big banks could lose billions from US class action over alleged rate rigging – Fairfax
- Scott Morrison says he followed Tony Abbott’s orders on Malaysia solution – Fairfax
- Origin Energy tells government to butt out of power market – Fairfax…’Markets Work’ is a cheap mantra to preach when Australian gas is cheaper in japan than Australia…
- ANZ’s Maile Carnegie says banks face ‘world of hurt’ if they don’t innovate – Fairfax
- Federal government all ‘hot air’ over crackdown on foreign buyer breaches, shadow treasurer claims – Fairfax
- Rate rigging: ANZ, NAB confirm US class action over alleged BBSW manipulation – ABC
- Tasmania’s credit rating downgraded by Moody’s – ABC
- Sydney Morning Herald Faces Uncertain Print Future in Australia – NY Times
- New Zealand establishes ministry for vulnerable children amid poverty crisis – Guardian
- Wages growth is at record lows – unless you’re a Commonwealth Bank CEO – Guardian, Jericho
- Selling off Asic’s trove of company data ‘would hinder tax enforcement’ – Guardian
…and furthermore…
- Ford says no steering wheels or brake pedals by 2021 – Nikkei Asian Review
- As technology shifts more layoffs loom at tech companies – Reuters