Be in the know. 12 key reads for Thursday…

  1. Alibaba to benefit more from cross-border link, trading history of Tencent, Meituan shows (scmp)
  2. China to Cut Rates on $5 Trillion Mortgages as Soon as September (bloomberg)
  3. ECB Cuts Interest Rate. It’s Finally on the Same Page as the Fed. (barrons)
  4. PPI Inflation Data Was Tame in August. (barrons)
  5. Jobless claims inch up to 230,000, but still no sign of rising layoffs (marketwatch)
  6. Xi Urges Efforts to Hit Annual Growth Target Amid Rising Doubt (bloomberg)
  7. PGA Tour Meets With Saudi Fund in Hopes of Getting Closer to Deal (nytimes)
  8. “Gelsinger insists the time to reap the rewards is finally arriving. He says Intel’s foundry business has “engagements” with a number of customers for $15 billion, spread out over multiple years.” (bloomberg)
  9. Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake (cnbc)
  10. Chinese chip making shows progress with new EUV patent from domestic lithography champion (scmp)
  11. 5B Southbound Trading Net Inflow to BABA-W (aastocks)
  12. Consumer Staples Stocks Are Looking Pricey. It’s Time to Sell. (barrons)