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October, 1, 2016

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View from the Sydney CBD
People enjoy their lunch on seats adorned with photographs of old terrace houses in a temporary public artwork by James Voller entitled "Terraced" in Sydney's Martin Place business district on Monday, Sept. 26.
 
The Paris Motor Show opens this week with promises of groundbreaking electric concept cars from Volkswagen and Opel, but the shine appears to be wearing off what was once a must-go event for the industry.
 
The World Trade Organization (WTO) on Tuesday revised down its 2016 global trade forecast by more than a percentage point, warning growth had hit its slowest pace since the global financial crisis.
 
Will boom in loans at US retailers turn to bust?
They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers.
 
Chinese conglomerate Wanda is considering ramping up its push into Hollywood with the acquisition of the production company behind the Golden Globes, the U.S. firm said Monday.
 > China
 
American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday.
 
The yen dropped and higher-risk currencies surged Tuesday as markets appeared to give Hillary Clinton the edge over Donald Trump in the first U.S. presidential debate.
 > Japan
 
Bank of America will lay off 20 senior investment bankers in Asia due to slowing activity in the region, a person familiar with the matter said Monday.
 
Shares in Deutsche Bank are down sharply after a report that the German government won't intervene with U.S. officials who are pressing the bank to pay US$14 billion to settle an investigation into its sales of mortgage-backed securities.
 
Cartels only work when their members stick together -- but precious little unity is likely to be on show among Organization of the Petroleum Exporting Countries (OPEC) producers at a key meeting in Algiers on Wednesday.
 
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