27 August – 31 August

27 August

Germany’s current account surplus, the balance of trade between exports and imports, is set to hit almost $300bn, or 7.8 per cent of gross domestic product, the world’s largest. This has drawn criticism from the Trump administration and international organisations such as the IMF.

Saudi Arabia has cut the length of time that its state energy company has exclusive rights to the kingdom’s vast oil and gasfields, raising questions about Saudi Aramco’s long-term production and revealing a power struggle between the company and the government.

Metro AG rallied on Monday after electronics retailer Ceconomy said Czech-Slovak investor EP Investment is interested in buying the bulk of its 9.99 per cent stake in Metro, sparking takeover speculations over the Düsseldorf-based retailer.

US stocks are looking to start the week on an upbeat note, with futures tipping the S&P 500 to open at a new record high on the heels of reassuring comments from the Federal Reserve chair on interest rates and signs of progress in US trade talks with Mexico.

28 August

Breaking the direct link between eurozone countries and their banking systems is the major goal of the European banking union. But the risks borne by governments and banks continue to be closely connected, as recent events in Italy have shown.

In the centre of Newcastle, next to some of the UK’s finest neoclassical buildings, several dozen small food outlets, bars and shops have begun trading out of 54 former shipping containers.

Paytm, India’s largest mobile payments company, said it would double the number of merchants on its platform over the next year as it confirmed an investment by Warren Buffett’s Berkshire Hathaway.

Uncertainty in the run-up to Italy’s budget in October is leaving the country’s assets looking exposed.

29 August

The US economy grew at a slightly faster pace than expected during the second quarter of this year, according to the second estimate of gross domestic product data.

Shareholder rebellions over high executive pay at the UK’s largest companies have doubled this year, with companies from AstraZeneca to BT and Shell suffering big protest votes at their annual meetings.

It would be China’s largest ever private equity deal. An investor group including Hillhouse Capital Management and KKR was hungry enough to bid almost $18bn for the Chinese operations of Yum Brands, the fast-food group that controls KFC and Pizza Hut.

Equities were mixed in early Asia-Pacific trading on Wednesday as the initial buzz from Monday’s US-Mexico trade deal waned.

30 August

Turkey’s finance minister insisted that the country’s economy did not face significant risks, despite the lira falling to its lowest point in a fortnight as new data pointed to a sharp slowdown.

Nestled among the dizzying heights of YouTube’s most watched videos, between superstar DJs and platinum-selling girl groups, sits an incongruous anthem: Baby Shark.

Amazon shares broke above $2,000 for the first time on Thursday helping the ecommerce giant gain ground in its attempt to catch up to Apple, which became the first public US company to reach the $1tn mark earlier this month.

Oil prices climbed to multi-week highs on Wednesday, after data pointed earlier on Wednesday to a larger-than-expected decline in US crude stockpiles last week.

31 August

European stock markets are feeling the strain, picking up the baton from a wobble in Asia after US president Donald Trump threatened to pull out of the World Trade Organization.

Tencent’s share price dropped by as much as 5 per cent on Friday after Beijing unveiled fresh proposals to curb video-game releases and time spent playing online.

Creditors of Homebase have approved a plan for the ailing DIY and homewares retailer to shut 42 stores, keeping it solvent but putting about 1,500 jobs at risk.

US equity markets were relatively flat most of the day Thursday, before turning downward after media reports that President Donald Trump intended to roll out $200bn in China tariffs as soon as next week.