The Traderszone Network

Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund (IMF) said in Jakarta on Wednesday. “What has been demonstrated in the last few weeks is how much Asia is at the core of the global economy, and how much disruption in one market in Asia can actually spill over to the rest of the world,” Christine Lagarde told a conference in Indonesia’s capital.

read more

Toshiba Corp’s second postponement of its annual results due to newfound accounting errors should be met with a tough response from regulators, Japanese lawmakers urged on Wednesday. The Tokyo Stock Exchange would consider putting Toshiba’s shares on a watchlist for possible delisting if there were further delays, Masahiko Shibayama, head of the Liberal Democratic Party’s treasury and finance division, quoted a bourse official as saying in a meeting of lawmakers and regulators. Sources familiar with the matter have previously said that regulators are studying the case to weigh possible fines.

WASHINGTON/NEW YORK (Reuters) – Kmart Corp has paid $1.4 million to settle U.S. allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at its pharmacies, the Department of Justice said on Tuesday. The government said the accord resolves allegations that Kmart, a unit of Sears Holdings Corp (SHLD.O), let beneficiaries use drug manufacturers’ coupons to reduce or eliminate prescription co-payments.

read more

The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment. The confirmation on Tuesday of a modest recession will figure heavily into the election campaign as Canadians head to the polls Oct. 19 and poses a challenge to Conservative Prime Minister Stephen Harper, who is seeking a rare fourth consecutive term.

read more

The revamped logo, displayed as a Google Doodle on its homepage, spells ‘Google’ in a sans-serif typeface, similar to the one being used by Google’s newly created holding company, Alphabet. The new brand identity “aims to make Google more accessible and useful to our users”, the company said in a blog post explaining the logo. The new logo comes three weeks after the company’s surprise move to create a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.

U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp (7312.T) air bag inflators remain installed in U.S. vehicles, and that no root cause to the problem has been found. About 19.2 million vehicles containing a total of 23.4 million air bag inflators made by 11 automakers have been recalled, a NHTSA official said. The inflator figure is higher because about 4 million vehicles have defective Takata air bag inflators on both driver and passenger sides, the National Highway Traffic Safety Administration official said.

Squawk Box Live in Europe has the latest on global markets, which are seeing a slight bounce on Wednesday after heavy selling in the previous session.