CNBC Daily Open: Lower rates might hurt banks
Everyone loves lower interest rates. But declining net interest income means banks may not love them unconditionally.
UK economy flatlines again in July, below expectations
U.K. economy remained flat in July, flash figures published from the Office for National Statistics showed Wednesday.
Britain’s Rightmove rejects $7.3 billion takeover offer from Murdoch’s REA Group
Australian property listing firm REA Group said that British estate portal Rightmove had rejected its £5.6 billion cash-and-stock takeover offer.
From the far right to fiscal challenges, France could lurch from one crisis to another
France finally has a prime minister, but its challenges are far from over.
European Central Bank set to cut interest rates just days before the Fed’s big decision
Traders are widely anticipating an interest rate cut at the Federal Reserve’s Sept. 17-18 meeting, as well as at the ECB’s meeting this week.
Seven & i Holdings’ shares slide 3% on likely U.S. probe into a potential M&A deal with Couche-Tard
Shares of Seven & i Holdings slid following news that the FTC has reportedly informed that they might investigate a possible deal with Alimentation Couche-Tard.
Japanese wage growth to surpass inflation for the first time in over 30 years, says asset management firm
“The past three decades in Japan have been defined by minimal price inflation and negligible wage growth,” said Yuko Iizuka, economist at Asset Management One.
Sixty countries endorse ‘blueprint’ for AI use in military; China opts out
About 60 countries including the United States endorsed a “blueprint for action” to govern responsible use of AI in the military, but China opted out.
European businesses in China reach a ‘tipping point’ on whether to invest more
European businesses in China have grown so discouraged that Beijing must act if the companies are to invest further, the EU Chamber of Commerce in China said.
Asia markets faltered with Japan’s Nikkei leading losses on week-long losing streak
Traders in Asia parsed the Reuters Tankan business sentiment survey from Japan, South Korea unemployment data and the U.S. presidential debate.
