Indonesia's forex reserves hit record peak at end-August
JAKARTA, Sept 7 (Reuters) – Indonesia’s foreign exchange reserves rose by $1.9 billion in August to $137 billion, a record high, mainly due to government foreign borrowing, tax collection, and proceeds from oil and gas, the central bank said on Monday.
August’s reserve level would allow paying for 9.4 months of imports, Bank Indonesia (BI) said in a statement.
The end-August 2020 amount was a record high, surpassing the previous record $135.1 billion reserves in July 2020. (Reporting by Tabita Diela; Editing by Muralikumar Anantharaman)
China August meat imports at 832,000 tonnes – customs
Sept 7 (Reuters) – China imported 832,000 tonnes of meat in August, data from the General Administration of Customs showed on Monday.
Imports for the first eight months of the year reached 6.58 million tonnes, up 73.4% on the same period of 2019, the data also showed. (Reporting by Dominique Patton; Editing by Muralikumar Anantharaman)
Investors uncomfortable with Softbank equity derivatives, shares fall 5% Monday
SoftBank has nearly exited all investing as it fights for survival: Gasparino
Sources tell FOX Business’ Charlie Gasparino SoftBank is looking to raise capital and will likely slash dividends.
TOKYO - SoftBank Group Corp (9984.T) shares fell 5% in early trading on Monday as the conglomerate’s big bets on equity derivatives tied to listed technology companies made investors uncomfortable.
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SOFTBANK’S BET ON TECH GIANTS FUELED POWERFUL MARKET RALLY
The Japanese financial powerhouse has spent billions of dollars buying shares in technology companies such as Amazon (AMZN.O) as it parks cash generated by a massive asset sale programme.
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The group has also made significant options purchases in tech companies, sources familiar with the matter told Reuters, in an aggressive bet by Chief Executive Masayoshi Son on rising tech stocks.
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Options of $4 billion generated an exposure of about $50 billion, the Wall Street Journal reported. The group has made $4 billion in trading gains from those bets, the Financial Times reported.
Person shot in Thornton on Sunday night – The Denver Post
Police are investigating a shooting in which one person has been shot in Thornton on Sunday night.
The person, whose details have yet to be revealed, was shot on the 8400 block of Acoma Street, according to a tweet from the Thornton Police Department. The person has been moved to hospital. Their condition is unknown, according to police.
This story will be updated.
While Trump Was Golfing, His Campaign Attacked Joe Biden For Visiting Cemetery
President Donald Trump’s campaign is coming under criticism after mocking former Vice President Joe Biden for “meandering” through a cemetery, where he was visiting the graves of his late son, Beau Biden, as well as first wife Neilia Biden and daughter Naomi Biden.
Beau Biden died of brain cancer in 2015; Neilia and Naomi Biden were killed in an automotive accident in 1972.
Francis Brennan, the Trump campaign’s director of strategic response, tweeted:
The former vice president had just come from St. Joseph on the Brandywine church in Wilmington, Del. and and was walking on a path through the cemetery; Trump, meanwhile, was playing golf at roughly the same time.
The incident comes days after it was reported that Trump didn’t want to visit the graves of fallen U.S. soldiers in France because they were “losers” and “suckers.”
Brennan was roundly called out for the message:
FTSE 100 LIVE: Asian stocks plummet as US – China tensions reach boiling point
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In Japan, the Nikkei 225 shed 0.47 percent in early trade, while the Topix index declined 0.17 percent. South Korea’s Kospi was flat. Over in Australia, the S&P/ASX 200 traded 0.7 percent lower. Overall, the MSCI Asia ex-Japan index was little changed.
Investors will watch shares of Semiconductor Manufacturing International Corporation (SMIC), China’s largest manufacturer of semiconductors.
Tensions frose after a Defense Department spokesperson said the Trump administration is considering imposing export restrictions on the firm.
The potential move by Washington, first reported by Reuters, would mark a major escalation in the tech battle between the US and China.
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‘We’re Screwed’: Kevin McCarthy Gives Trump Some Tough Election Talk
House Minority Leader Kevin McCarthy (R-Calif.) says he warned President Donald Trump that his repeated attacks on voting by mail could backfire, hurting both his reelection efforts and Republicans in other races.
“We could lose based on that,” McCarthy admitted to Axios, saying the result could be that Democrats vote by mail while Republicans don’t ― and because of the coronavirus pandemic, Trump supporters may not vote in person, either.
“I tried to show him … you know who is most afraid of COVID? Seniors,” the website quoted him as saying. “And if they’re not going to go vote, period, we’re screwed.”
That, he added, would not only hurt Trump’s reelection chances but could also cost Republicans seats in down-ballot races.
Trump has repeatedly attacked voting by mail, claiming without evidence that they will lead to fraud despite the fact that he and many of those around him have routinely voted by mail themselves.
Surveys have shown that Trump’s attacks have hit home with his base: One released last month found 48 percent of Biden supporters plan to vote by mail, versus 23 percent of Trump’s voters.