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8/16/2018

A person's defeats can provide lessons in resilience that help them reach the highest career peaks, writes IIA President and CEO Richard Chambers. "Take adversity as it comes," Chambers writes. "You will always learn more in life's valleys than on its lofty peaks."

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Richard Chambers
8/16/2018

Demand was moderate to strong across most major commercial property sectors in the second quarter, which helped keep vacancy rates low and rents rising. Nareit researchers Calvin Schnure and Alexandra Thompson discuss the recent trends in supply, demand, vacancy rates and rent growth. Read the full commentary.

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reit.com
8/16/2018

The Chinese Commerce Ministry says a delegation led by Vice Minister Wang Shouwen has been invited to the US for trade negotiations this month, the first formal talks since June. A Bank of China analyst calls the meeting "talks about trade talks" to explore the feasibility of high-level negotiations.

8/16/2018

European central bankers are concerned a move toward digital payments could threaten the financial system, because it increases vulnerability to cyberattacks and IT failures. Officials have stressed cash must always have a role.

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Politico
8/16/2018

The Basel Committee on Banking Supervision's proposal to treat the eurozone as a single jurisdiction when identifying global systemically important banks faces opposition from member states, as well as Financial Stability Board members.

8/16/2018

The 10-year German bund yield has reached the lowest level since mid-July, while the US dollar has strengthened and global stocks have fallen, as conditions make investors increasingly risk averse. The safety of German government bonds is valuable during turbulence, Commerzbank strategist Christoph Rieger says.

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Reuters
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Christoph Rieger, Commerzbank
8/16/2018

UK Foreign Secretary Jeremy Hunt says the pound is likely to plunge if Brexit occurs without a transition deal. Consequences for markets would be significant but short-lived, Hunt says, and the UK economy would "find a way to get through it".

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Politico, Reuters
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Jeremy Hunt, EU
8/16/2018

Decline of the Turkish lira has created headwinds for emerging markets, amid concerns the currency's difficulties could prove contagious. The lira has steadied somewhat, but currencies including the Indian rupee and the Argentine peso have fallen, while the Indonesian and Hong Kong central banks have intervened with protective action.

8/16/2018

The UK Competition and Markets Authority says banks must publish data on the likelihood clients will recommend them, based on customer-satisfaction rankings by GfK and BDRC. The regulator says rankings must be prominently displayed on banks' apps and websites, as well as in branches, to let potential clients make informed choices.

8/16/2018

The Senate banking committee will vote Aug. 23 on Kathy Kraninger's nomination to lead the Consumer Financial Protection Bureau. The vote was delayed before the Senate's summer recess.