(Bloomberg) — Chinese financial markets will trade for the first time this month on Friday and for once, investors can look forward to a relaxed start.

The yuan is up 0.7% in offshore trading since its onshore counterpart last traded on Sept. 30, signaling more gains are ahead after the currency’s best quarter since 2008 versus the dollar. Eyes will be on how the People’s Bank of China responds with its 9:15 a.m. yuan fixing. It has recently allowed for a stronger currency, while at times acting to limit volatility.

FTSE China A50 Index futures have risen 2.2% since the $9.4 trillion mainland stock market last traded. The Hang Seng China Enterprises Index, a gauge of mainland companies listed in Hong Kong, has gained 2.4% in that time.



chart: Offshore yuan has gained 0.7% since the onshore market closed for holidays


© Bloomberg
Offshore yuan has gained 0.7% since the onshore market closed for holidays

Also, a large maturity scheduled for Friday shouldn’t

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In the nearly six years since Greg Abbott has been governor of Texas, the Lone Star State has been the number one destination for U.S. businesses looking to relocate.

That includes California businesses. In 2018 and 2019, as many as 660 California-based companies pulled their stakes up and moved to greener pastures in Texas, where the cost of doing business is roughly 10 percent below the national average.

Next up is Tesla. The electric vehicle (EV) company is currently in the process of building its fourth factory in the Texas capital of Austin, a growing tech hub with a young, highly educated population.

A city in Texas may also be named headquarters to TikTok, the popular video-sharing app whose fate is still in limbo after Oracle and Walmart struck a deal to jointly buy the U.S. service from TikTok’s Chinese parent company, ByteDance. This could bring as many as 25,000

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As a former member and chairman of the Sterling Board of Selectmen, and as a Sterling native, it is my distinct honor and pleasure to endorse my good friend Susan Smiley to be the next state representative for the 12th Worcester District.

What I have always admired about Susan is her remarkable ability to be rise above the heat of the moment and be that independent voice of calm and reason. As a consummate professional, Susan has clearly evidenced this ability during her time in public office at the Office of Energy and Environmental Affairs, while working in the private sector in the aerospace and defense industry, and as legislative chairman of the Snowmobile Association of Massachusetts.

This private and public sector experience also uniquely qualifies Susan to be the most effective candidate because she has first-hand knowledge

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This article is a follow up to two others I have written about the banking industry this year. They are:

A First Look At Which Of The 80 Largest Banks Are Most At Risk published on May 5 and

An Insider’s Guide To The Banking Industry In A Lockdown Economy published on March 20.

Industry Performance in the First Half of 2020

The chart below shows totals and averages for all commercial banks in the U.S. over $1 billion in assets. That group includes most publicly traded banks with a liquid common stock.

Source: FDIC.gov

As shown above, there was a 4.4% increase in loan balances in the first quarter of 2020. A normal increase would have been closer to 1%. Most of this increase was in commercial loans as companies drew on their lines of credit to better prepare for the recession. Loans to consumers actually declined as they

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* Nokkie up 0.8% vs dlr after better economic projections

* Dollar index poised for second week of gains on equity falls

* Sterling stabilises after sinking nearly 2% the day before

* Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E

LONDON, Sept 11 (Reuters) – The euro rose slightly on Friday as traders noted European Central Bank policymakers’ calm approach to the euro’s recent appreciation, while the Norwegian crown surged on official forecasts the economy will now contract by less than predicted.

After a press conference on Thursday at which ECB President Christine Lagarde said the bank did not target the exchange rate, sources said policymakers had agreed to look through the euro’s rise, judging it was broadly in line with economic fundamentals.

Any advance higher in the euro may be curtailed, however, by ECB chief economist Philip Lane’s warning on Friday that a strong euro will further dampen price

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