View this email online | Add newsletter@businessinsider.com to your address book
|
|
| | | | | | | Advertisement
 Good morning. Here's what you need to know. - Markets in Asia sold off in overnight trade, with Japan's Nikkei down 1.2 percent. Shares in Europe are lower and U.S. futures point to a negative open.
- U.K. GDP contracted less than originally expected in the second quarter, new government data shows. The economy declined by 0.5 percent during the spring, up from a 0.7 percent drop first recorded.
- Greek Prime Minister Samaras is speaking with German Chancellor Angela Merkel this morning, as he works to secure additional time from creditors to implement reforms in Greece. Merkel has said that she must wait for a Troika report before making any decisions on changing the country's bailout. A traveler in Greece sent us these photos showing why the country is in crisis >
- The European Central Bank is said to await Germany's ruling on the region's new bailout fund, the European Stability Mechanism, before finalizing its bond plan, Bloomberg's Jeff Black and Stefan Riecher report. The decision to wait highlights uncertainty in the Eurozone and means a decision will likely not be made at Mario Draghi's September press conference.
- HSBC is in talks with U.S. regulators to settle matters that it laundered funds to sanctioned countries including Iran and the Sudan, Bloomberg's Tiffany Kary and Greg Farrell report. Earlier this year, the bank made a $700 million provision for expected fines. Click here to see the craziest charges levied against another bank for laundering money >
- Apple and Samsung must both stop selling certain smartphones and tablets in South Korea after a high court ruling. The Seoul Central District Court found Apple violated two Samsung patents, while Samsung infringed on one Apple patent. However, the court said Samsung did not simply copy the iPhone.
- Kodak plans on selling a number of its major units, including its namesake camera-film business. Kodak plans to shift further to commercial businesses like printing. If the sales are completed, the company hopes to emerge from bankruptcy in 2013.
- The key U.S. economic data point of the day is the durable goods order report. Economists forecast orders advanced 2.5 percent in July from a month earlier. Excluding transports, expectations are for a 0.5 percent sequential improvement. Follow it live on Money Game >
- Mr. Romney is expected to receive his party's nomination on Monday, two days earlier than originally planned. Officials made the move as Tropical Storm Isaac heads toward the region and concerns rise that Ron Paul supporters could disrupt the convention. Romney says he won't release his taxes because of his religion.
- Lance Armstrong has given up his fight against doping charges brought against him by the US Anti-Doping Agency, which will mean the loss of seven Tour de France titles. Armstrong is expected to be banned for life from cycling.
Bonus: Katy Perry got dumped by John Mayer after just a few weeks of dating. Please follow Money Game on Twitter and Facebook. | | | | | | | |
|
If you believe this has been sent to you in error, please safely unsubscribe.
Facebook
Twitter
Digg
Reddit
StumbleUpon
LinkedIn
No comments:
Post a Comment