20:01 [Zero Hedge] (E)
Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a "bargain"... Even by its own recent standards, Metro Bank has had a torrid week. On Monday, shares of the British retail bank tumbled 5%, on Tuesday, 25%, on Wednesday, 5%, and on Thursday, 4.5%, before staging a brief comeback in the final hours of trading on Friday, to end the week 35% lower. By Friday morning, it was the second most-shorted stock on the FTSE all shares index, behind the collapsed travel & vacation-giant Thomas Cook.
19:56 [Left Foot Forward] (E)
The holiday provider`s collapse highlights corporate governance and regulatory failures, says Prem Sikka. The House of Commons Business, Energy and Industrial Strategy Committee is to investigate the collapse of Thomas Cook. For good reasons, it will be examining the recurring failures in corporate governance, accounting, auditing and regulation. Let’s take a look.
20:16 [Zero Hedge] (E)
Back in April I told you that Germany was a “Dead Economy Walking.” Today, I get to tell you that it’s legs are gone. Yesterday morning’s manufacturing PMI print was the worst news Angela Merkel could have imagined, 41.4. A figure so awful dogs will want to roll on it. Overall, Germany’s economy at the purchasing manager’s level is contracting. And with Merkel masking a massive tax increase as a political cave to the rising Greens the future for Germany’s economic growth looks as bad as the following chart.
16:32 [RT] (E)
The government in Oslo spending billions of oil export dollars to help the affluent buy an electric second car they wouldn’t otherwise want is European environmentalism at its phoniest and most hare-brained.