Key Economic News To Watch This Week: August 5
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This week: A ban on some Apple products kicks in after a US court rules that it violates rival Samsung’s patents; The trial of former Chinese Politburo official Bo Xilai on charges of corruption and abuse of power may begin as early as Wednesday as China seeks to close the door on the biggest crisis to affect the Communist Party since the killings of democracy activists in Tiananmen Square in 1989.
Monday, August 5
Standard Chartered, which has shifted its focus on emerging markets, is expected to announce its second-quarter results.
This week: A ban on some Apple products kicks in after a US court rules that it violates rival Samsung’s patents; The trial of former Chinese Politburo official Bo Xilai on charges of corruption and abuse of power may begin as early as Wednesday as China seeks to close the door on the biggest crisis to affect the Communist Party since the killings of democracy activists in Tiananmen Square in 1989.
Monday, August 5
Standard Chartered, which has shifted its focus on emerging markets, is expected to announce its second-quarter results.
Related: Emerging Europe On Track For Next Growth Curve
Some versions of the iPhone 4 and iPad 2 3G will be shut out of the U.S. market starting today unless overturned by President Barack Obama or the U.S. Trade Representative. The devices were found to infringe a patent for transmitting data.
Related: Apple Products Banned in US after Court Rules It Violates Rival Samsung’s Patents
India’s parliament convenes, providing Prime Minister Manmohan Singh with an opportunity to push key legislation delayed by opposition protests and coalition infighting. Bills needing lawmaker approval include the Food Security Bill, a central plank of the ruling Congress party’s re-election platform ahead of next year’s elections.
Related: India To Launch $22bn “Right-To-Food” Programme
Related: 17 Million Americans Suffering From “Very Low Food Security”: Study
Related: Global Food Prices to Rise 40% in Coming Decade
Tuesday, August 6
Pakistani former military ruler Pervez Musharraf appears in court over ex-Prime Minister Benazir Bhutto’s murder.
Wednesday, August 7
The trial of former Chinese Politburo official Bo Xilai on charges of corruption and abuse of power may begin as early as today as China seeks to close the door on the biggest crisis to affect the Communist Party since the killings of democracy activists in Tiananmen Square in 1989.
Related: China Vows to Step Up Bribery and Corruption Crackdown
Eid is celebrated by Muslims with feasting, new clothes and fireworks after the sun sets to mark the ending of the fasting in Ramadan (to August 8).
Thursday, August 8
President Barack Obama meets with Greek Prime Minister Antonis Samaras, who as premier since June 2012 has helped navigate his nation through a financial restructuring and cuts to public services. Topics for discussion include Greece’s economy, the proposed U.S.-Europe trade agreement and Greek participation in NATO.
Bank of Japan Governor Haruhiko Kuroda meets the press following the central bank’s monetary policy decision at a two-day meeting. The bank has left policy unchanged since its unprecedented monetary easing in April and probably won’t change policy at this meeting. Kuroda said in July that the bank had taken sufficient measures to achieve its 2 percent inflation target in a time horizon of two years.
Related: IMF Backs Japan’s $1.4tn Monetary Policy Boost
Related: Japan Hints At “Recovery” After 15-Year Deflationary Trend
ASEAN Day is marked.
