MARKETS: Helicopter money’ might weaken currencies more than QE as sky’s the limit but Citi has other ideas and central bank is seriously considering the move to reinvigorate the economies – @AceFinanceNews

#AceFinanceNews – July.29: ‘Helicopter money’ might weaken currencies more than QE as sky’s the limit

Central banks might inject no more cash into economies by dropping money from aircraft — whether real or imaginary — than via well-worn QE schemes, but in breaking a long-standing taboo they may do far more damage to currencies.

Citi sees ‘gradual shift towards helicopter money’

Citi has forecast a “gradual shift towards helicopter money” by advanced economies, as countries struggle to boost growth and inflation in uncertain geopolitical climes – cnbc.com/id/10382429

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MARKETS: #Oil Report: Shell misses expectations with 70% plunge and Exxon’s profit falls by 59.4% as other companies report similar falls in profitability – @AceFinanceNews

#AceFinanceNews – July.29: US #oil settles up 46 cents, or 1.12 pct, at $41.60 a barrel on Friday …

#Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower.

http://www.cnbc.com/id/10382808

Oil hits three-month lows below $43 as oversupply weighs

#Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.

Shell misses expectations with 70 percent earnings plunge

Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group.

ExxonMobil profits plunge 59.4% to $1.7 billion on low #oil prices – @AFP

http://bit.ly/2amPe0A

Brent crude #oil falls 20% below June high, following concern of supply and demand for #oil – @OilSheppard

http://bit.ly/2azykiM

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JAPAN: Report: Government plans direct spending of around 7 trillion yen ($67 billion) to help fund economic stimulus package sources say – Reuters – @AceFinanceNews

#AceFinanceNews – July.29: Report: Japanese government plans direct spending of around 7 trillion yen ($67 billion) to help fund economic stimulus package totaling more than 28 trillion yen ($268 billion), sources say Reuters – http://cnb.cx/2axshgl

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BRITAIN: Travel company Thomas Cook cuts full-year profit target over holiday cancellations following Turkey coup attempt and Europe attacks – Reuters – @AceFinanceNews

#AceFinanceNews – July.29: British travel company Thomas Cook cuts full-year profit target over holiday cancellations following Turkey coup attempt and Europe attacks – Reuters –

http://bit.ly/2abzPk6

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GERMANY: #VW brand profit falls over the #emissions software scandal as the effects are being felt with lower sales – Reuters – @AceFinanceNews

#AceFinanceNews – July.29: VW brand profit falls on scandal effects, lower sales

#Volkswagen’s core autos division posted lower profitability in the second quarter as costs for its diesel emissions scandal and falling sales outweighed gains from cost cuts.

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#emissions, #vw

CHINA: To legalise ride-hailing apps like Uber and Didi Chuxing in November after announcing new guidelines – @AceFinanceNews

#AceFinanceNews – July.29: China issues guidelines to legalize ride-hailing apps like Uber and Didi Chuxing
traffic in china China took a big step forward today after it announced national guidelines to make ride-hailing services like Uber and Didi Chuxing legal in the country from November…

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BRITAIN: Theresa May: We must prioritise trade deals with the rest of the world and be willing to walk away from #Brexit talks with the EU without an agreement, a leading barrister has claimed – @AceFinanceNews

#AceFinanceNews – July.29: Theresa May told trade deals with rest of world MORE important than Brexit deal with EU
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Britain must prioritise trade deals with the rest of the world and be willing to walk away from #Brexit talks with the EU without an agreement, a leading barrister has claimed…..

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