Shorts – Summaries

The Day Today 15th October 2021

The President of China will not attend next month’s climate change conference in the UK. The Kingdom is “serious” about talks with Iran. EU member states are pressing Brussels for retaliatory measures should Britain suspend trading arrangements for the Protocol on Ireland/Northern Ireland. LIBOR, the deadline looms, CLO issuance surges as a result. German growth, forecasts slashed…

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The Economist: Finance and economics articles summarised

The world economy People like Summers, Rogoff and El-Erian worry that economic activity will return to stagflation of the 1970s. Stagflation is high inflation with weak growth. Economic growth has risen this year but now seems to be stalling and inflation has risen to above 3% in Britain and the euro-area and above 5% in…

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The Day Today 14th October 2021

– China Producer Prices accelerated, up 10.7% YoY, the highest rate since 1996, though CPI eased due to lower food prices. – MAS unexpectedly tightens policy by allowing the Singapore dollar to appreciate. – Biden adds Port of LA to Port of Long Beach in operating 24/7, asks private sector delivery firms to do the same. – Fed Bowman “very comfortable” with November taper…

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The Day Today 13th October 2021

China exports jump, imports lower than exp though coal and gas import volumes hit highest this year. DE Shaw applies to QFII programme to invest directly in China. S Korea broadband provider sues Netflix over increased costs as traffic surges due to popularity of “Squid Game”. House votes on party lines to approve raising debt…

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The Day Today 12th October 2021

BRC: UK retail spending +0.3% last month, down from +3.0% in August as consumers increase petrol spend by most in two years +11.1% (according to Barclaycard survey). Maersk diverts ships from Felixstowe for first time since the summer because “there was nowhere to discharge the containers”. IFS warns little room for manoeuvre in Budget. UK…

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