Brazil to Hike Taxes on Banks

Brazil to Hike Taxes on Banks

Brazil is planning to suspend tax on diesel fuel, announced by President Jair Bolsonaro as a move to placate trucker’s threats of a strike. However, Reuters sources said that the government plans to hike taxes on banks to offset lost revenue, raising the tax on banks’...
China Merchants, Shinhan Card Launch $ Bonds; Deutsche’s AT1s & Tesla Upgraded; All But One Vedanta Bonds Fall; Lenders Reduce Exposure to Evergrande

China Merchants, Shinhan Card Launch $ Bonds; Deutsche’s AT1s & Tesla Upgraded; All But One Vedanta Bonds Fall; Lenders Reduce Exposure to Evergrande

S&P trended up by 1.6% led by tech and consumer discretionary sectors, which were higher by ~2.5%. Apple and Amazon were up 6.3% and 4.8% respectively ahead of their respective 5G iPhone launch and Prime Day events. US big banks to report Q3 earnings in the...
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