Funding & Business
China’s Summer of Economic Weakness Likely Stretched Into August
China’s economy likely endured another month of weakness in August, with a slowdown in industrial output and investment offsetting a slight improvement in retail sales.
Official data due Monday will show factory production increased 5.6% in August from a year earlier, down from a 5.7% gain in the previous month, according to the median forecast in a Bloomberg survey. Retail sales growth is expected to pick up slightly to 3.8% after the weakest gain all year, while fixed-asset investment probably had its slowest expansion in almost half a decade.
The US is in talks to set up a $5 billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals.
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Thyssenkrupp AG said it has received a non-binding, indicative offer for its Steel Europe division from India’s Jindal Steel Limited.
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Coffee futures traded above $4 a pound amid renewed concerns that a possible La Niña could prolong dry weather in top grower Brazil, potentially threatening crops.
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