Saudi Central bank governor says outlook for Saudi economy is uncertain

S.Korea says plans to sell 10-yr dollar bonds

SEOUL, Sept 9 (Reuters) – South Korea’s finance ministry on Wednesday said it plans to sell dollar bonds of 10-year tenure and 5-year euro bonds as part of its foreign exchange stabilization bond programme.

The exact amount of the issuance and the yields will be decided later, it added. (Reporting by Cynthia Kim; Editing by Andrew Heavens)

Bestselling Author Don Winslow Reveals ‘The Greatest Lie Donald Trump Ever Told’

Crime novelist Don Winslow is back with another video hitting at President Donald Trump, this time calling him out for the “greatest lie” he’s ever told. 

Winslow’s new video runs through a list of Trump’s broken promises and deceptions, from the vow to release his income taxes to the claim that Mexico would pay for the border wall. But one lie, Winslow said, stood out above all the others: 

“You’re nothing like Donald Trump,” Winslow’s video noted. “Remember that when you vote.” 

Winslow, author of multiple New York Times bestsellers, has been a persistent Trump critic throughout the presidency. When his novel “The Force” was released in 2017, Winslow took out a full-page ad attacking Trump and then-Attorney General Jeff Sessions for “War on Drugs”-type policies that disproportionately impact people of color. He also marked the release of his 2019 novel “The Border” by challenging Trump to a debate on the border wall.

Trump did not respond. 

Now Winslow has created a series of videos hitting Trump ahead of November’s election. 


LVMH Pulls Out of $16 Billion Tiffany Deal, Citing U.S. Tariffs

LVMH said it’s calling off a deal to buy jewelerTiffany & Co., citing delays to the proposed $16 billion deal stemming from a U.S. move to impose tariffs on French goods.

The Louis Vuitton owner’s decision to walk away from the agreement also followed Tiffany’s move to push back the closing date from a previously set November target, according to a statement from the French luxury giant.

Tiffany shares plunged about 14% in premarket U.S. trading, while LVMH gave up gains to trade 0.8% lower in Paris.

LVMH said the French government in a letter had asked the company to delay the deal beyond Jan. 6, 2021, citing the U.S. tariff plans.

Global GDP Tracker at Peak Growth, Hard Yards Lie Ahead

Bloomberg Economics’GDP tracker suggests the global recovery continued apace in August, yet there are doubts whether the sanguine picture will persist moving into the fall. Most of the easy gains from the re-opening have been banked and governments are struggling to keep the virus at bay — the hard yards in the recovery lie ahead.

Bahrain tightens guidance for 7-yr sukuk and 12-yr bonds – document

DUBAI, Sept 9 (Reuters) – Bahrain has tightened the price guidance for seven-year sukuk and 12-year conventional bonds it began marketing earlier on Wednesday and received over $6.3 billion in orders for the notes, a document showed.

It revised the guidance to 4.125% to 4.25% for the sukuk and 5.5% to 5.625% for the bonds, according to the document from one of the banks arranging the deal, which is expected to close later on Wednesday.

It began marketing the sukuk at around 4.5% and the bonds at around 5.75% earlier on Wednesday.

Israel, UAE to sign historic peace deal in White House ceremony next week

Historic flight from Israel to United Arab Emirates

Israel and United Arab Emirates celebrate new ties; Trey Yingst reports from Tel Aviv.

Israel will join the United Arab Emirates at a White House ceremony on Sept. 15 to sign a historic peace agreement focused on normalizing relations in the region, a senior White House official confirmed Tuesday.

The White House will host delegations from both countries led by Israeli Prime Minister Benjamin Netanyahu and UAE Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan, officials said.

The announcement comes less than a month after President Trump, Netanyahu and Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Sheikh Mohammed Bin Zayed released a joint statement on Twitter detailing the landmark diplomatic deal in which both countries "agreed to the full normalization of relations."

The Jewish state and the United Arab Emirates symbolically sealed the agreement last month with the first direct commercial flight between both countries carrying U.S. and Israeli leaders, including President Trump’s senior adviser and son-in-law Jared Kushner and Special Representative for International Negotiations Avi Berkowitz.

Saudi Central bank governor says outlook for Saudi economy is uncertain

DUBAI/RIYADH, Sept 9 (Reuters) – The outlook for Saudi Arabia’s economy this year is uncertain, the kingdom’s central bank governor said on Wednesday, as the oil exporter navigates the effects of low oil prices and the coronavirus pandemic.

Ahmed al-Kholifey, governor of the Saudi Arabian Monetary Authority (SAMA), speaking to a virtual Euromoney event, also reaffirmed the bank’s commitment to the local currency peg to the U.S. dollar. (Reporting by Davide Barbuscia and Marwa Rashad; Editing by Jon Boyle)