Currencies
The dollar climbed versus most Group-of-10 peers, and the Japanese yen extended its weakness even after authorities intervened to support the currency.
Metals
Oil, gold and Bitcoin fell.
Oil
Gabriel Obiang Lima Equatorial Guinea s oil minister The minister says it’s unfair for developed countries to tell Africa to hold back on using hydrocarbons to save the planet. Oil losers | Brent oil has dropped more than 30% from this year s high, but you wouldn t know it if you live in Paris, Mumbai or Accra.
United States
But before I get into that…. Today’s must-reads Amoxicillin, a go-to antibiotic for throat and chest infections, is in short supply in the US amid an uptick in demand. Exports to the US plunged 11.6% last month from a year ago, falling faster than the 3.8% drop in August, data from the General Administration of Customs showed. Get fully charged To see the holes in the US s chip export rules, look at Biren Technology. Outbreaks were also detected in the US, UK and Israel in recent months.
He also drew parallels with the fading prominence of pro-market economics in both China and the US.
He also drew parallels with the fading prominence of pro-market economics in both China and the US.
China
Today we look at the race to replace Liz Truss, Xi Jinping s consolidation of power in China and the European Central Bank s risky interest-rate hike. China selloff President Xi Jinping moved to stack his leadership ranks with loyalists, highlighting his unquestioned grip over Chinese politics. Global Headlines Complete control | Chinese President Xi Jinping vowed to further open the world s second-biggest economy and stay connected with the rest of the globe.
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