Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
UK Businesses Urge Government to Cut Electricity Levies 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
China Home Prices Fall Again as Property Slump Drags on Growth 
UK Economy Grows 0.4% in July, Beating Forecasts 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
China Industrial Output Beats Forecasts as Exports Support Growth 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
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Japan is likely to sell new government bonds that would push the total past $960 billion in the current fiscal year ending in March 2021 as it announced a new stimulus package to speed up the recovery from a deep economic slump.
The country's combined value of coronavirus-related stimulus will reach about $3 trillion, around two-thirds the size of its economy.
Japan's tax revenues during the year will likely be around 55 trillion yen, which is 8 trillion yen short of initial estimates, as the pandemic hit corporate profits.
The shortfall would be Japan's largest since fiscal 2009 during the Lehman Brothers-triggered global financial crisis.
The Japanese economy rebounded in the third quarter after suffering its worst postwar contraction in the second quarter but its public debt is now twice the size of its economy and is the largest biggest among advanced nations.
