21 August – 25 August

21 August

Asset managers Union Investment, Erste and Acadian, have banned investments in German carmakers from some of their funds, after an investigation of alleged industry collusion was announced.

Janet Yellen, chair of the US Federal Reserve, has promised that the unwinding of the Federal Reserve’s bloated balance sheet “will be the policy equivalent of watching paint dry”.

Chinese carmaker Great Wall has expressed interest in buying Fiat Chrysler Automobiles, the company said on Monday.

British politics may have receded as a risk factor in the eyes of many in the markets, but traders should expect a revival in the coming weeks according to strategists at HSBC, who are shorting sterling.

22 August

Indonesia’s central bank cut its benchmark interest rate on Tuesday for the first time almost a year, as falling inflation gives the bank more scope to try to boost economic growth.

A one-two punch of slowing beauty sector growth and looming competition from Amazon has investors inching away from beauty retailer Ulta ahead of its earnings report later this week.

Japan Tobacco has announced it will buy the Philippines’s second-largest tobacco producer in a deal worth nearly $1bn in the company’s second Southeast Asia-focused deal in less than a month.

The world’s biggest sovereign wealth fund outperformed its benchmark to deliver a return of 2.6 per cent in the second quarter.

23 August

Inflation in South Africa fell further than expected for a second month in a row in July, supporting the central bank’s recent decision to cut interest rates in an effort to pull Africa’s most industrialised economy out of recession.

Game Digital said it is “accelerating” its push into esports and other video gaming events, as the struggling retailer unveiled a 5 per cent fall in full-year revenues.

Independent News & Media, the Irish media group controlled by the businessman Denis O’Brien, has reported a near 20 per cent decline in first half profits amid “continued revenue challenges”.

Asia Pacific currencies were down against the dollar to varying degrees on Wednesday ahead of this week’s gathering of central bankers in Jackson Hole. The New Zealand dollar was the worst performer in the region, off as much as 0.7 per cent at $0.7232 after the New Zealand Treasury lowered its growth estimate for the year to June to 3.5 per cent from 3.7 per cent.

24 August

Norway’s oil industry caught up with the rest of the country’s economy in the second quarter, helping overall economic growth to rebound much more strongly than economists had predicted.

Double-digit sales growth at J Crew’s Madewell stores wasn’t enough to save the preppy fashion retailer from chalking up another quarterly loss.

Greencore, the UK’s biggest sandwich maker, has moved to quell investor angst over its falling share price by insisting that its recent acquisition of a US food company is working as planned.

The price of soyabean oil jumped on the US government’s preliminary ruling that Argentina and Indonesia were allegedly subsidising their biodiesel exporters.

25 August

The pace of core consumer inflation in Japan picked up in July after a month in which price growth appeared to lose momentum.

Aston Martin has raised its annual forecasts for the second time this year after posting six months of record profits, as the luxury carmaker races towards a potential stock market listing.

Stalling business investment across the UK economy has failed to derail growth at FTSE 250 IT provider Computacenter, whose chief executive said he has “never been more optimistic” after the company beat its own already-upgraded forecasts in the first half.

Americans’ love affair with bargains helped power Dollar Tree and Burlington Stores shares sharply higher on Thursday before they lost momentum later in the day.