Currencies: Dollar pares losses after Fed s Beige Book
[at MarketWatch] - The U.S. dollar slightly pares losses after the Federal Reserve s Beige Book cites a slowing economy and limited inflation pressure.
GBP/USD: Trading the Bank of England Interest Rate Decision
[DailyFX] - The Bank of England is widely expected to maintain its current policy in September, and the British Pound could face increased volatility following the rate decision as investors weigh the prospects for future policy.
Vodafone-China Mobile Split Highlights Tense Ties
Vodafone's $6.65 billion sale of its stake in China Mobile highlights the challenges faced by foreign carriers looking to link up with Chinese telecoms.
Cable weighs ‘crude’ surgery on banks
Britain’s biggest banks may avoid being split up along ‘crude’ lines, despite fears about their combination of investment and retail banking, Vince Cable, business secretary, concedes
Obama unveils new stimulus plans
President Barack Obama will take Republicans to task over their economic values as he promotes an $180bn package of proposals to stimulate the anaemic US economy
Vodafone loses $2bn India tax challenge
A High Court decision to tax Vodafone for the 2007 acquisition of Hutchison Essar could hurt cross-border dealmaking in India
Currencies: Dollar weaker after Fed s Beige Book
[at MarketWatch] - The U.S. dollar weakened versus most major rivals on Wednesday on better news out of Canada, U.K. and U.S. stocks heading higher.
ECB steps up eurozone bond buying
[at Financial Times] - The European Central Bank has stepped in to shore up the eurozone government bond markets in what appears to be its biggest such intervention since early July. The ECB has bought between €100m and €300m of Greek, Irish and Portuguese bonds so far this week, traders said on Wednesday, as worries over the health of some highly indebted eurozone economies resurfaced.
Anger grows at Koran burning plan
Worldwide condemnation has intensified of a Florida priest’s plan to burn copies of the Koran as Afghanistan steels itself for a potentially violent backlash
Sinochem in push to foil BHP’s Potash plan
The Chinese state-owned chemicals group is trying to recruit at least one sovereign wealth fund and a Canadian pension fund for a consortium to block the $39bn hostile takeover
