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Cisco Systems Inc. has made its largest diversification effort to date with the $28 billion acquisition of Splunk Inc. This move also marks a historic shift for Cisco, as it transitions to a net debt capital position in order to support growth and shareholder returns. The acquisition was funded through a combination of cash, commercial paper, and long-term debt, including $13.5 billion in bonds. Cisco plans to focus on disciplined capital allocation and investments in growth, rather than prioritizing debt reduction. The company has committed to spending $5 billion per year on share buybacks and $6.5 billion per year on dividend payments. Cisco's decision to take on debt is a departure from its previous net cash position, which it held for three decades. The company's CFO, Scott Herren, stated that the decision to reduce debt will depend on factors such as monetary policy and cash holdings. Cisco's integration of Splunk will focus on boosting revenue and the development of combined products. The acquisition will also help Cisco expand its capabilities in artificial intelligence and increase its recurring revenue. [Extracted from the article]

But the 35-page discussion paper issued Thursday on a government-backed coin, known as a central bank digital currency or CBDC, marks the Fed's most significant action yet as it seeks to dive deeper into digital assets. A Fed official said on a call with reporters that the central bank will assess next steps after the comment deadline, but didn't offer a timeline for when a digital dollar could ultimately be implemented. Keywords: %USD; ASIA; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; US; WORLD EN %USD ASIA BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TEC TECSVC US WORLD The Federal Reserve took a key step in weighing the creation of its own digital currency, a move it said could help ensure the U.S. dollar's dominance as the central bank grapples with fast-growing private cryptocurrencies and coins issued by other nations. [Extracted from the article]

The Fed on Thursday solicited feedback through a 35-page discussion paper on a government-backed coin, known as a central bank digital currency or CBDC. Keywords: %USD; ALLTOP; ASIA; BNK; BON; BUSINESS; CHINA; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN %USD ALLTOP ASIA BNK BON BUSINESS CHINA COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPEU The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. R60WDEDWLU7E (Bloomberg) -- The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. [Extracted from the article]

According to a survey by Bank of America Corp., concerns about a systemic credit event are increasing among fund managers due to issues in global property markets. About one in six respondents consider this to be the biggest risk facing markets, up from one in eleven in December. The disquiet is particularly focused on US commercial real estate and Chinese property markets. The Federal Reserve's potential interest rate cuts to alleviate pressure on real estate have been hindered by higher-than-expected inflation numbers. Smaller banks are at risk of default rates in their commercial real estate loan books, while larger banks are considered more stable. A 10% default rate on commercial real estate loans could result in $80 billion in additional bank losses, leaving over 300 smaller regional banks at risk of solvency runs. The Federal Reserve is working with lenders to address expected losses, and regulators are ensuring that loan-loss reserves and liquidity levels are sufficient. The survey found that nearly 40% of fund managers see US commercial real estate as the most likely source of a credit event, while 22% see Chinese real estate as the biggest threat. The turmoil has also affected German lenders with exposure to US commercial real estate. [Extracted from the article]

Keywords: 3354817ZSP; ALLTOP; ASIA; AU; BUSINESS; CHINA; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; EUROPE; EXE; GEN; GER; GOV; HEA; HK; INDIA; INDUSTRIES; IRAN; JAPAN; LATAM; LIFESTYLE; MEX; MIDEAST; NORTHAM; RUSSIA; SPORTS; TRAVEL; UK; US; WORLD; WWTOP EN 3354817ZSP ALLTOP ASIA AU BUSINESS CHINA CONS CONSD CONSS CORONAVIR COS DRG EUROPE EXE GEN GER GOV HEA HK INDIA INDUSTRIES IRAN JAPAN LATAM LIFESTYLE MEX MIDEAST NORTHAM RUSSIA SPORTS TRAVEL UK US WORLD WWTOP (Bloomberg) -- Tennis star Novak Djokovic may be able to stay in Australia and contest another Grand Slam victory after a court quashed the cancellation of his visa on Covid grounds. Deltacron Variant Is No Error (8:12 a.m. HK) A Cypriot scientist defended his assertion that a new strain of Covid-19 exists that combines characteristics of the delta and omicron variants. Ireland Said to Consider Mandatory Vaccination (3:08 p.m. HK) Irish health officials are set to consider mandatory vaccination against Covid-19, with a paper being prepared on the legal and ethical aspects, the Irish Times reported, citing unidentified people familiar with the matter. [Extracted from the article]

Keywords: %XBT; MSTR; ALLTOP; BUSINESS; COS; DIGITALCUR; INDUSTRIES; TEC; TECSVC; TOP; WWTOP; WWTOPAM; WWTOPEU EN %XBT MSTR ALLTOP BUSINESS COS DIGITALCUR INDUSTRIES TEC TECSVC TOP WWTOP WWTOPAM WWTOPEU MicroStrategy Inc.'s big, and growing, bet on Bitcoin has the company sitting on massive paper gains despite having to write off millions in accounting charges related to the token. %XBT, MSTR, ALLTOP, BUSINESS, COS, DIGITALCUR, INDUSTRIES, TEC, TECSVC, TOP, WWTOP, WWTOPAM, WWTOPEU. [Extracted from the article]

Hank Medina, a former investment banker at Deutsche Bank and Jefferies Financial Group, is the creator of the popular social media account @Litquidity, which posts viral memes mocking the financial sector. Medina, a Cornell University graduate, has gained over a million followers on Instagram and X. He has monetized his social media success by charging followers $1,000 for hour-long phone calls and has also started a venture capital firm called Litquidity Capital. In 2022, he joined Bain Capital Ventures as a scout. [Extracted from the article]

The UK committee advising on financial law has stated that pension trustees may consider climate change when making investment decisions, addressing concerns that this could be a breach of fiduciary duty. The committee emphasized that trustees are required to make careful decisions and should consider factors such as climate change that may not be reflected in market prices. While the guidance is aimed at pension funds, it is also relevant for legal advisers, investment consultants, fund managers, and insurers. The committee's findings are not legally binding, but ESG investors in the UK have welcomed the announcement and called for their incorporation into financial market regulation and monitoring. [Extracted from the article]

US Audit Watchdog Says "Time Is of the Essence" in China Talks ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, COS, FIN, GOV, INDUSTRIES, MARKETS, NORTHAM, STK, SVC, TOP, US, WORLD, WWTOP, WWTOPAM Keywords: ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; COS; FIN; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; TOP; US; WORLD; WWTOP; WWTOPAM EN ALLTOP ASIA ASIATOP BUSINESS CHINA COS FIN GOV INDUSTRIES MARKETS NORTHAM STK SVC TOP US WORLD WWTOP WWTOPAM (Bloomberg) The head of the Washington regulator that's negotiating with Beijing to stave off the delisting of almost 200 Chinese companies from the American stock market is reiterating the US's tough stance. [Extracted from the article]

Keywords: 957032L; ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; GOVTOP; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; SVC; TOP; US; WORLD; WWTOP EN 957032L ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV GOVTOP INDUSTRIES LAW MARKETS NORTHAM STK SVC TOP US WORLD WWTOP (Bloomberg) US and China officials must reach an agreement "very soon" over access to audit work papers for Chinese companies to avoid being kicked off American stock exchanges, Securities and Exchange Commission Chair Gary Gensler said Wednesday. Read more: US-China Talks on Delisting Stocks Hinge on Redacted Audits US lawmakers were originally considering legislation that would move up the audit compliance deadline to 2023, but ended up not including it in a bill to support US chipmakers that the Senate passed Wednesday. [Extracted from the article]

Nine years after that, MGM Resorts sold the Bellagio to Blackstone Group in a $4.25 billion deal, though MGM Resorts continues to operate the property. Keywords: 1725739D; MGM; ALLTOP; BUSINESS; CONS; CONSD; COS; GEN; GENTOP; INDUSTRIES; LEI; LIFESTYLE; LUX; PURSUITS; TRAVEL; WEALTH; WORLD; WWTOP; WWTOPAS; WWTOPEU EN 1725739D MGM ALLTOP BUSINESS CONS CONSD COS GEN GENTOP INDUSTRIES LEI LIFESTYLE LUX PURSUITS TRAVEL WEALTH WORLD WWTOP WWTOPAS WWTOPEU The paintings, works on paper, and ceramics all hung in the Bellagio. [Extracted from the article]

Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; CATOP; COS; EUROPE; EXE; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D ALLTOP ASIA AU BUSINESS CATOP COS EUROPE EXE GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. [Extracted from the article]

U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; CATOP; COS; EUROPE; EXE; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D ALLTOP ASIA AU BUSINESS CATOP COS EUROPE EXE GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. [Extracted from the article]

Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE US WORLD WWTOP New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. [Extracted from the article]

U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE US WORLD WWTOP New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. [Extracted from the article]

Keywords: ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; US; WORLD EN ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC US WORLD RH82C8T0AFB8 As part of the deal, China will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. Talks between Beijing and Washington gathered pace after state-owned companies including China Life Insurance Co., PetroChina Co. and China Petroleum & Chemical Corp. said on Aug. 12 that they planned to delist from US exchanges. [Extracted from the article]

ALLTOP, ASIA, BUSINESS, CHINA, COS, FIN, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, STK, SVC, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH82C8T0AFB8 As part of the deal, China will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. [Extracted from the article]

The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. [Extracted from the article]

PG, ALLTOP, BUSINESS, CONS, CONSD, CONSS, COS, INDUSTRIES, NORTHAM, SUSTAIN, TOP, US, WORLD, WWTOP, WWTOPAM Keywords: PG; ALLTOP; BUSINESS; CONS; CONSD; CONSS; COS; INDUSTRIES; NORTHAM; SUSTAIN; TOP; US; WORLD; WWTOP; WWTOPAM EN PG ALLTOP BUSINESS CONS CONSD CONSS COS INDUSTRIES NORTHAM SUSTAIN TOP US WORLD WWTOP WWTOPAM (Bloomberg) -- Consumer-products giant Procter & Gamble Co. is bolstering its bug-control and skincare brands this year as the maker of Tide detergent and Charmin toilet paper zeroes in on rising demand for products perceived as cleaner and safer. [Extracted from the article]

QWBTRST0AFB5 (Bloomberg) - China's digital yuan trial has reached 34.5 billion yuan ($5.3 billion) in transaction value as the central bank continues to outpace global peers in developing a virtual currency. Keywords: %CNH; %CNY; ALLTOP; ASIA; ASIATOP; BON; BUSINESS; CHINA; COS; FIN; FRX; GOV; INDUSTRIES; MARKETS; TEC; TECSVC; WORLD; WWTOP; WWTOPAS EN %CNH %CNY ALLTOP ASIA ASIATOP BON BUSINESS CHINA COS FIN FRX GOV INDUSTRIES MARKETS TEC TECSVC WORLD WWTOP WWTOPAS China's digital yuan trial has reached 34.5 billion yuan ($5.3 billion) in transaction value as the central bank continues to outpace global peers in developing a virtual currency. [Extracted from the article]

Furman Says Fed Should Raise Inflation Goal (3:02 p.m.) The Fed and other central banks should consider declaring victory on their price-stability goals once inflation returns to 3%, Harvard economics professor Jason Furman said Friday during the Fed's annual conference in Jackson Hole, Wyoming. In his keynote speech Friday, Fed Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his colleagues that rates must become restrictive until prices begin to cool. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH81T2T0G1KY As part of the agreement, China will allow the Public Company Accounting Oversight Board to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. ALLTOP, ASIA, BUSINESS, CHINA, COS, FIN, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, STK, SVC, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU. [Extracted from the article]

IP, AGR, ALLTOP, BASIC, BUSINESS, CMD, CONS, CONSD, COS, INDUSTRIES, INTERNET, MARKETS, NORTHAM, PAC, TEC, TMT, TOP, US, WORLD, WWTOP, WWTOPAM Keywords: IP; AGR; ALLTOP; BASIC; BUSINESS; CMD; CONS; CONSD; COS; INDUSTRIES; INTERNET; MARKETS; NORTHAM; PAC; TEC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM EN IP AGR ALLTOP BASIC BUSINESS CMD CONS CONSD COS INDUSTRIES INTERNET MARKETS NORTHAM PAC TEC TMT TOP US WORLD WWTOP WWTOPAM (Bloomberg) Even the humble cardboard box isn't immune to inflation. [Extracted from the article]

Keywords: 0206021DMK; ASIA; BUSINESS; GOV; MARKETS; WORLD EN 0206021DMK ASIA BUSINESS GOV MARKETS WORLD (Bloomberg) -- Malaysia's attorney-general rejected attempts by financier Jho Low to reach a settlement in the 1MDB scandal, the New Straits Times reported. Jho Low, through his representatives, met with several government agencies including the Attorney-General's Chambers for the settlement earlier this year, the paper cited the AGC as saying in a statement. [Extracted from the article]

Bauhinia Culture (Hong Kong) Holdings Ltd. was interested in adding the city's most prominent English-language newspaper to its stable of media properties, Bloomberg News has reported. Keywords: BABA; ASIA; BUSINESS; CHINA; CONS; CONSD; COS; GEN; GENDER; GOV; HK; INDUSTRIES; INTERNET; MARKETS; MED; NORTHAM; STK; TEC; TECSVC; TMT; US; WORLD EN BABA ASIA BUSINESS CHINA CONS CONSD COS GEN GENDER GOV HK INDUSTRIES INTERNET MARKETS MED NORTHAM STK TEC TECSVC TMT US WORLD The South China Morning Post has picked Expedia's Asian head Catherine So to become its new chief executive officer, putting a technology and media veteran at the helm of the news outlet owned by Alibaba Group Holding Ltd. RDIBODT0AFBB (Bloomberg) -- The South China Morning Post has picked Expedia's Asian head Catherine So to become its new chief executive officer, putting a technology and media veteran at the helm of the news outlet owned by Alibaba Group Holding Ltd. [Extracted from the article]

The U.S. National Soccer Team Players Association told a federal appeals court that it understands the long-standing discrimination against the women's team, which has won four World Cup titles, more than any other nation. The U.S. National Soccer Team Players Association told a federal appeals court that it understands the long-standing discrimination against the women's team, which has won four World Cup titles, more than any other nation. Keywords: 1070L; 6733388Z; ALLTOP; BUSINESS; COS; GEN; GENDER; GOV; LAW; NORTHAM; SPORTS; TOP; US; WORLD; WWTOP; WWTOPAM EN 1070L 6733388Z ALLTOP BUSINESS COS GEN GENDER GOV LAW NORTHAM SPORTS TOP US WORLD WWTOP WWTOPAM The labor organization for the U.S. men's soccer team and the Equal Employment Opportunity Commission filed court papers supporting the legal fight by the women's national team to earn equal pay. [Extracted from the article]

Keywords: 1070L; 6733388Z; ALLTOP; BUSINESS; COS; GEN; GENDER; GOV; LAW; NORTHAM; SPORTS; TOP; US; WORLD; WWTOP; WWTOPAM EN 1070L 6733388Z ALLTOP BUSINESS COS GEN GENDER GOV LAW NORTHAM SPORTS TOP US WORLD WWTOP WWTOPAM The labor organization for the U.S. men's soccer team and the Equal Employment Opportunity Commission filed court papers supporting the legal fight by the women's national team to earn equal pay. 1070L, 6733388Z, ALLTOP, BUSINESS, COS, GEN, GENDER, GOV, LAW, NORTHAM, SPORTS, TOP, US, WORLD, WWTOP, WWTOPAM. [Extracted from the article]

Keywords: 13347Z; BSFO; ALLTOP; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 13347Z BSFO ALLTOP BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP RH8NO3T1UM0X "We are in a period where inflation is likely to be high for a while, at least for another year or two", IMF First Deputy Managing Director Gita Gopinath said in an interview on Bloomberg Television. In his keynote speech Friday, Fed Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his colleagues that rates must become restrictive until prices begin to cool. Furman Says Fed Should Raise Inflation Goal (3:02 p.m.) The Fed and other central banks should consider declaring victory on their price-stability goals once inflation returns to 3%, Harvard economics professor Jason Furman said Friday during the Fed's annual conference in Jackson Hole, Wyoming. [Extracted from the article]

The inverse relationship between emerging-market currencies and their volatility has broken down, causing traders to be trapped in losing positions. This is due to a lack of currency rallies despite low volatility. The impasse is caused by uncertainty about when the Federal Reserve will cut interest rates, which has frozen investors and reduced volatility. Carry trades, where investors borrow in low-interest-rate environments to buy assets with higher returns, are also performing poorly. Emerging currencies and their implied volatility have historically had a negative correlation, but this trend has reversed. Investors are now switching to funding with Swiss franc and Japanese yen and investing in dollar assets. Some emerging economies have started cutting rates, putting pressure on their currencies. However, bets on emerging-market debt are expected to work better when the US rate path becomes clearer. [Extracted from the article]

As Wall Street firms order employees back to the office, the option of working from home remains more popular than ever all over the world, according to a new study. [ABSTRACT FROM AUTHOR]

Guo is appealing Ostrager's decision and has said in court papers that he doesn't control the yacht. Keywords: ASIA; BUSINESS; CHINA; COS; LAW; MARKETS; NORTHAM; US; WORLD EN ASIA BUSINESS CHINA COS LAW MARKETS NORTHAM US WORLD (Bloomberg) -- Guo Wengui, the exiled Chinese businessman and former partner of Trump political strategist Steve Bannon, filed for bankruptcy less than a week after a judge ordered him to pay $134 million for moving and keeping a yacht out of the reach of creditors. [Extracted from the article]

Keywords: %EUR; 2539Z@GR; BON; BUSINESS; CORONAVIR; ECB; EUROPE; FRX; GLOBALMACR; GOV; MARKETS; WORLD EN %EUR 2539Z@GR BON BUSINESS CORONAVIR ECB EUROPE FRX GLOBALMACR GOV MARKETS WORLD (Bloomberg) - Spain suffered the euro zone's worst slump after the Covid-19 pandemic erupted -- but it would have been much worse without speedy action from the European Central Bank, according to a new study. The ECB's bond-buying and liquidity lines kept credit flowing, sovereign-debt costs steady and permitted extra public spending, BBVA Research economists Sonsoles Castillo, Rafael Domenech and Miguel Jimenez said in the paper, published Tuesday. [Extracted from the article]

The fund's liquidators have accused the two founders of failing to cooperate with their efforts, court papers show, a characterization Zhu challenged on Twitter. Keywords: 0572731D; ALLTOP; ASIA; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; US; WORLD; WWTOP; WWTOPAS EN 0572731D ALLTOP ASIA BUSINESS COS FIN INDUSTRIES MARKETS NORTHAM TEC TECSVC US WORLD WWTOP WWTOPAS RH62F3T0AFBR In the affidavit, Zhu accused the liquidators of misleading the High Court of Singapore about the hedge fund's structure. [Extracted from the article]

The fund's liquidators have accused the two founders of failing to cooperate with their efforts, court papers show, a characterization Zhu challenged on Twitter. Keywords: 0572731D; ALLTOP; ASIA; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; US; WORLD; WWTOP EN 0572731D ALLTOP ASIA BUSINESS COS FIN INDUSTRIES MARKETS NORTHAM TEC TECSVC US WORLD WWTOP RH82LTT1UM0X In the affidavit, Zhu accused the liquidators of misleading the High Court of Singapore about the hedge fund's structure. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; HK; INDUSTRIES; MARKETS; MKTTOP; STK; STKTOP; SVC; TOP; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA BUSINESS CHINA COS HK INDUSTRIES MARKETS MKTTOP STK STKTOP SVC TOP WORLD WWTOP WWTOPAS RH7QKTT1UM0Y Hong Kong's Hang Seng Tech Index climbed as much as 2.1% on Friday before paring gains to close 0.8% higher as it capped its biggest weekly gain in over a month. China regulators have instructed major accounting firms to prepare to bring audit work papers of US-listed Chinese companies to Hong Kong, where they can be reviewed by US officials, according to a person who asked not to be identified as the discussions are private. [Extracted from the article]

Keywords: 0572731D; ALLTOP; ASIA; BUSINESS; COS; FIN; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 0572731D ALLTOP ASIA BUSINESS COS FIN INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH7MR7T0G1L3 In the affidavit, Zhu accused the liquidators of misleading the High Court of Singapore about the hedge fund's structure. The fund's liquidators have accused the two founders of failing to cooperate with their efforts, court papers show, a characterization Zhu challenged on Twitter. [Extracted from the article]

Keywords: 0629846DBB; 2630281ZLN; BUSINESS; COS; EUROPE; FIN; GOV; INDUSTRIES; MARKETS; SUSTAIN; UK; WORLD EN 0629846DBB 2630281ZLN BUSINESS COS EUROPE FIN GOV INDUSTRIES MARKETS SUSTAIN UK WORLD Asset managers in the U.K. may be facing more rules dictating how to classify environmental, social and governance investments than their peers in the European Union, creating extra red tape for firms that do business in both jurisdictions. The U.K.'s Financial Conduct Authority released a consultation paper on Wednesday outlining an initial approach for how asset managers should label ESG products. [Extracted from the article]

Keywords: %USD; 18532MF; 6100Z; BON; BUSINESS; COS; DRG; EXE; FIN; FRX; GEN; GLOBALMACR; GOV; HEA; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD EN %USD 18532MF 6100Z BON BUSINESS COS DRG EXE FIN FRX GEN GLOBALMACR GOV HEA INDUSTRIES MARKETS NORTHAM REL US WORLD Federal Reserve Vice Chair Richard Clarida said he favors starting to scale back the central bank's monthly bond purchases later this year if robust job gains continue. Powell Says Taper Could Start in 2021, With No Rush on Rate Hike (10 a.m. ET) In his prepared text of the speech, Powell said the central bank could begin reducing its monthly bond purchases this year, though it won't be in a hurry to begin raising interest rates thereafter. In his speech, Powell said the Fed could begin slowing its asset purchases this year, though it won't be in a hurry to begin raising interest rates thereafter. Clarida's comments, in a CNBC television interview, echoed remarks from Fed Chair Jerome Powell during his address to the U.S. central bank's annual Jackson Hole policy forum on Friday. [Extracted from the article]

10 a.m.: Kansas City Fed President Esther George opens the symposium with an introduction and Federal Reserve Chair Jerome Powell gives opening remarks. Keywords: %USD; 13347Z; ALLTOP; BNK; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TOP; US; WORLD; WWTOP; WWTOPAM EN %USD 13347Z ALLTOP BNK BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TOP US WORLD WWTOP WWTOPAM QYGN7RT0G1KW (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. [Extracted from the article]

Keywords: 321042Z; 3400398Z; JNJ; SCND; AFRICA; ALLTOP; ASIA; AU; BUSINESS; CONS; CONSD; COS; DRG; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; MIDEAST; NORTHAM; TRAVEL; UK; US; WORLD; WWTOP EN 321042Z 3400398Z JNJ SCND AFRICA ALLTOP ASIA AU BUSINESS CONS CONSD COS DRG EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE MIDEAST NORTHAM TRAVEL UK US WORLD WWTOP Johnson & Johnson's single-dose Covid vaccine produced relatively low levels of antibodies against the delta variant, according to a preprint paper that hasn't yet been peer reviewed. NYC Daily Vaccination Rate Drops to 15,000 (10:30 a.m. NY) New York City's vaccine administration rate has plunged to less than 15,000 a day, from more than 100,000 a day in mid-April, as cases increase. QWKF43T0G1L3 (Bloomberg) -- Johnson & Johnson's single-dose Covid vaccine produced relatively low levels of antibodies against the delta variant, according to a preprint paper that hasn't yet been peer reviewed. [Extracted from the article]

Keywords: ASIA; BON; BUSINESS; FRX; JAPAN; MARKETS; WORLD EN ASIA BON BUSINESS FRX JAPAN MARKETS WORLD Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. Overseas investors buying five-year JGBs using cross-currency swaps funded in euro or the Aussie dollar can earn around 50 basis points more than from similar-maturity German or Australian paper. QWIVMXT0G1KW (Bloomberg) -- Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. [Extracted from the article]

Overseas investors buying five-year JGBs using cross-currency swaps funded in euro or the Aussie dollar can earn around 50 basis points more than from similar-maturity German or Australian paper. Keywords: ALLTOP; ASIA; BON; BONTOP; BUSINESS; FRX; JAPAN; MARKETS; TOP; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA BON BONTOP BUSINESS FRX JAPAN MARKETS TOP WORLD WWTOP WWTOPAS Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. QWIVMXT0G1KW (Bloomberg) -- Overseas funds bought the second-highest amount of Japanese government bonds on record in June as enhanced returns using cross-currency basis swaps and index-linked demand fueled inflows. [Extracted from the article]

Graphcore Ltd., a UK microchip maker, is reportedly considering a sale to foreign buyers due to its inability to capitalize on the artificial intelligence boom. The company, based in Bristol, has been in talks with major technology companies to secure funding to cover its increasing losses. Some investors have already increased the value of their stakes in anticipation of a deal worth over $500 million. However, any sale to foreign investors would need to undergo a review by national security officials. [Extracted from the article]

Petersen Health Care Inc., a senior living firm operating nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy. The company has had multiple locations put into receivership recently due to alleged debt defaults. The Covid-19 pandemic has placed significant pressures on senior living companies, including staff shortages, increased costs, and inadequate government reimbursements. [Extracted from the article]

Canadian investors purchased a record amount of foreign securities, totaling C$29.4 billion ($21.8 billion), in December of last year, with a significant portion going towards US stocks. This surge in investment coincided with a strong rally in the US stock market. Canadian investors also showed interest in global securities, particularly in the US, due to increased market optimism and expectations of a soft landing in North American economies. Additionally, Canadian investment in non-US shares contributed to the record, with outflows of C$6.3 billion primarily going towards European equities. Foreign investors, on the other hand, showed less interest in Canadian equities but invested C$11 billion in Canadian debt. [Extracted from the article]

South Korea is considering the need for more nuclear power plants in order to achieve its climate targets and reduce reliance on coal. According to a report by the Korea Energy Information Culture Agency, atomic power would need to account for 40% to 45% of electricity supply, up from the current 30%, in order for South Korea to achieve net-zero emissions by mid-century. Renewables would also need to increase to 35%, with natural gas and carbon-free sources making up the remainder. The government is considering plans to start construction on new nuclear reactors as early as this year. [Extracted from the article]

Indonesian tycoon Sukanto Tanoto has announced plans to purchase shares of Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. Tanoto's family is offering to buy Vinda shares for HK$23.5 each, which is a 13.5% premium to the last closing price. The family has secured agreements from Swedish personal care product maker Essity AB and Vinda's founder Li Chaowang to sell their shares. If all shareholders accept the offer, the family could pay up to HK$26 billion ($3.3 billion). Vinda has a market value of approximately $3.2 billion and sells tissues under brands like Tempo and Tork. [Extracted from the article]