Halister News

(Bloomberg) -- ISM non-manufacturing index seen at 55 in Aug. vs 55.5 in July (forecast range 52.6 to 56.6); composite index tracks business activity, orders, employment, deliveries; above 50 indicates expansion, below 50 contraction.

• July’s reading followed a 7-mo. high of 56.5 in June
• In today’s report, “the risk is to the downside, in light of the slower private-service sector hiring evident in the jobs report” last wk: Bloomberg Intelligence

(Bloomberg) -- Six-nation East African Community lost $4.68t in 2004-13 to corruption, Kenya Ethics and Anti-Corruption Commission CEO Halakhe Waqo tell reporters in capital, Nairobi

• “We are working closely with Interpol to help us with their network to combat money laundering and in investigations,” Waqo says
• Commission has also partnered with Asset Recovery Inter- Agency Network for Eastern Africa after it found some corruptly acquired assets are hidden regionally
• NOTE: Kenya hosting 16th Global Anti-Corruption Summit; event jointly organized by World Bank, Interpol and EACC

(Bloomberg) -- Minutes of latest BCB meeting partially removes dovish stance that many analysts saw in the meeting statement, Jason Vieira, economist at Infinity Asset Management, writes in an e-mailed note.

• Minutes show BCB concerned with 2017 CPI expectations
  • Fiscal policy is crucial; if spending cap bill is not approved, rate cut may not happen in the short term
• NOTE: BCB says no single factor is determinant for monetary easing

(Bloomberg) -- Probe into death of Russian national Alexander Perepilichnyy in the U.K. likely delayed until 2017 on administrative issues concerning national security, a U.K. coroner said. • Inquest into 2012 death was scheduled to start Sept. 13

• Inquest could be split into two separate hearings, lawyers for Surrey police and the family say

• Traces of a rare poison were found in Perepilichnyy’s stomach, triggering a more thorough probe, coroner Richard Travers says at hearing Tuesday in Woking, a town just outside of London • Hermitage Capital’s Bill Browder believes Perepilichnyy was murdered for his role in a Swiss money laundering probe connected to the murder of Russian lawyer Sergei Magnitsky

• SEE: U.K. Coroner Probe in Death of Russian Whistle-Blower Stepped Up NSN NOR7F06JTSEH

(Bloomberg) -- BRL rises tracking broad EMFX advance and pares yesterday’s losses.

• BRL up 0.5% to 3.2664 per dollar; DI Jan 21 rate drops 4bps;
• Copom minutes maintains last Wednesday’s changed statement language, which opened room for a rate cut citing fiscal reforms and slow inflation as required conditions for the move
• Temer govt reform effort under continued pressure; some allies try to ease bill aimed to cap public spending, newspapers say