Global Markets brief

21 September 06:50 PM May challenges EU leaders; Brexit talks hit deadlock
UK Prime Minister Theresa May on Friday said that discussions over the country’s departure the European Union (EU) had hit an impasse.
21 September 06:12 PM Jailed NASA physicist to file appeal before high Turkish court
A Turkish-US citizen and former NASA physicist imprisoned in Turkey would appeal against terrorism-related charges before top court, his lawyer said on Friday.
21 September 05:33 PM US business activity retreats to 17M trough in September
IHS Markit preliminary data released on Friday revealed another slowdown in the US private sector business activity during September.
21 September 04:58 PM France Orange Bank sued over $519m lost in Madoff fraud
Orange Bank will face a lawsuit launched by a French woman and her daughter to recover some of an amount EUR 439 million.
21 September 04:16 PM UK threatens no-deal Brexit unless EU changes Irish border stance
The UK would crash out of the European Union (EU) without an agreement, should not the bloc's leadership soften its stance on the Irish border.
21 September 03:31 PM Turkish lira retreats as Albayrak new economic plans disappoint investors
The Turkish lira weakened on Friday, after the Finance Minister Berat Albayrak a day earlier announced the government's economic projections for the three years ahead.
21 September 02:53 PM US sanctions Chinese military for Russian aircraft, missile purchases
The US administration levied sanctions on the Chinese military for purchasing fighter aircraft and missile systems from Russia.
21 September 02:15 PM Trump tariffs could drive Walmart prices higher – letter  
Walmart stated that it would raise prices for products if US President Donald Trump levy duties on Chinese goods.
21 September 01:57 PM US dollar on track for largest weekly loss in 7M
The US dollar weakened against most of its peers earlier on Friday.
21 September 12:47 PM Japan inflation ticks up in August, but below BoJ target
Price inflation in Japan edged up marginally in August, but still remained far from the Bank of Japan's 2% target, official data revealed on Friday.
21 September 12:16 PM Weaker exports weigh on Eurozone business output in September
Flash estimates for the Eurozone showed that business activity grew at the second weakest since the end of 2016 momentum in September.
21 September 11:54 AM UK public borrowing hits 2-yr peak in August
The UK's public sector net borrowing, excluding public banks, rose year-on-year by GBP 2.4 billion to GBP 6.8 billion in August.
21 September 11:24 AM Supply concerns boost oil, but Trump lower prices demand weighs
Oil prices edged up earlier on Friday as worries persisted over short supplies, but Trump call for lower prices kept a lid.
21 September 10:44 AM Adobe confirms Marketo acquisition for $4.75bn
Adobe announced that it would buy marketing software company Marketo, from Vista Equity Partner.
20 September 06:27 PM US natural gas storage buildup pushes prices high
US natural gas storage climbed by 86 billion cubic feet (Bcf) in the week ended 14 September, totalling 2,722 Bcf.
20 September 06:25 PM Facebook, Twitter should uphold EU consumer law, or face sanctions
The European Union said that Facebook and Twitter would face sanctions, should not both US social media giants adhere with consumer rules in the bloc.
20 September 05:49 PM Turkey fines Google over competition law breach
Turkey's competition authority on Thursday stated that it had fined US internet giant Google.
20 September 05:15 PM US existing house sales steady in August
US home sales remained steady in August after four consecutive months of decline, official data showed on Thursday.
20 September 04:52 PM VW to cease business in Iran – US official
The US administration convinced German car giant Volkswagen to abide by sanctions against Iran to terminate most of its operations in the country.
20 September 04:27 PM Norway’s C.bank hikes rates for first time in 7 yrs
Norway's central bank raised its interest rates for the first time in seven years amid the upturn in the country’s economy.
20 September 04:03 PM Philadelphia Fed factory gauge gains 11 pts in September
Mid-Atlantic manufacturers reported that activity continued to grow in September, the regional district of the central bank said on Thursday.
20 September 03:53 PM US weekly jobless claims hit fresh 49-yr low
US jobless claims fell 3,000 week-on-week to 201,000 claims in the week ended 15 September, according to official data released on Thursday.
20 September 02:56 PM Russian oil major pursues euro payment amid looming US sanctions
Russia’s oil major Surgutneftegaz was seeking to ditch US dollar in transaction payments for euro (EUR), in an attempt to circumvent impending economic sanctions.
20 September 02:09 PM Dollar hovers near 7-week drop on waning Sino-US trade worries
The US dollar approached a seven-week low earlier on Thursday against a group of major currencies, as its status as a safe haven lessened.
20 September 01:26 PM Airbus delivers 1st biofuel aircraft to JetBlue
European planemaker Airbus SE delivered its first A321ceo to JetBlue Airways from Mobile, Alabama, with 15.5% renewable jet fuel in its tanks.