Good morning New York,
FT ALPHAVILLE
Cardiff, on why US debt ceiling fights have "all become quite stale" -- but why this time, the lack of agreement between Democrats and Republicans is even worse.
NEWS
Uralkali's chief executive has been moved from jail to house arrest in Belarus, in a sign that the authorities may soon release or extradite Vladislav Baumgertner. Mr Baumgertner was jailed on August 26 in the midst of a escalating spat between Uralkali and its Belarusian partner, Belaruska (Financial Times).
UK regulators could file further Libor charges as soon as next month. The Serious Fraud Office may file as soon as October 21, following recent activity by the Department of Justice (Bloomberg).
Land prices in London have risen 87 per cent since 2009, compared to a 60 per cent increase for luxury homes in the capital (Bloomberg).
Growth in the UK in the second quarter went unrevised at 0.7 per cent. But manufacturing and construction output both grew by more than previously thought in the third estimate by the ONS (Financial Times).
India should do more to open up its domestic bond market to foreign investors, according to a paper produced by the country's main financial regulator. Foreign holdings of Indian government debt are currently restricted to $30bn, with tighter limits on corporate bonds. The "complicated" regulations prevent the formation of a "deep and liquid" market, the Securities and Exchange Board of India paper said (Financial Times).
