People walk past a bank in Rio de Janeiro, Brazil. Reuters
The Riksbank, Sweden’s central bank, said it still expects to tighten policy around the turn of the year, surprising markets and sparking big gains in the long-suffering crown currency.
Brazil’s services sector activity expanded in August for the second month in a row, a closely watched purchasing managers index (PMI) survey showed, although the pace of growth slowed.
Peru failed to capitalise on a ten-man Brazil 20 minutes from time — after Gabriel Jesus was sent off for a second yellow — leaving Tite’s charges holding on to win the Copa America 3-1 in front of boisterous home fans on Sunday.
China’s property investment grew at its fastest pace in four months in August, a boon for the economy as other sectors weaken from the Sino-U.S. trade war and consumer demand slows.
Shares in African diamond miner Petra Diamonds hit an all-time low on Monday after it missed forecasts with a 22 per cent fall in annual profit, as a Sino-US trade row and protests in Hong Kong dented demand in big Asian markets.
Volkswagen said on Monday it had agreed to pay up to A$127 million ($87.3 million) to settle lawsuits brought on behalf of thousands of Australian customers caught up in its global diesel emissions cheating scandal.