Weekly Global Financial News (Aug 18-Aug 25)

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Jackson Hole Theme: Labor Markets Can’t Take Higher Rates, By Bloomberg, Published: Aug 25
http://bloom.bg/1vcFX2l
Global central bankers led by Federal Reserve Chair Janet Yellen said stronger hiring and wages are still needed before economies can weather higher interest rates.

Promise of more keeps investors hooked on Asia’s frothy markets, By Reuters, Published: Aug 18
http://reut.rs/XvhDeA
While other regions have cooled off, Asia has remained the exception as global investors are still betting on a mix of healthy returns powered by brisk corporate earnings growth.

China to launch market-making system on Beijing OTC market on August 25, By Reuters, Published: Aug 18
http://reut.rs/XLepDK
China will implement a market-making system for trading shares on the exchange, securing an easy profit from the spread between bids and asks.

Draghi Signals ECB Action as Inflation Expectations Slide, By Bloomberg, Published: Aug 23
http://bloom.bg/1tvhdjQ
Mario Draghi said inflation expectations have deteriorated across the euro area and signaled policy makers are ready to add fresh monetary stimulus.

Kuroda Says Using Foreigners to Fill Job Gaps Worth Considering, By Bloomberg, Published: Aug 24
http://bloom.bg/1lr9oLf
Bank of Japan Governor Haruhiko Kuroda said that using foreign workers to help mitigate potential labor force shortages in the future deserves consideration in addition to ensuring increased particiapation of women and the elderly n the work force.

Korea’s Biggest Fund Manager Sees One More BOK Rate Cut: Economy, By Bloomberg, Published: Aug 25
http://bloom.bg/1pwk0s2
South Korea’s central bank is likely to cut its benchmark interest rate to 2 percent, after lowering it to 2.25 percent from 2.50 percent on Aug 14, in order to help revive the economy

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