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Morning briefing: Japan keeps interests rates stable, U.K. transit workers strike

londonstrike.jpg

Outside the Liverpool Street rail station in London. Millions of commuters across the British capital struggled to get to work on Tuesday as a 24-hour strike by workers on London's underground rail system crippled much of the network.

(Photo Credit: Reuters/Chris Helgren)

1. Japan's central bank maintained its key interest rate unchanged at 0.1 percent but said it was prepared to take action when needed.

2. The European Union member countries will discuss a levy on banks and a tax on financial transactions when they gather Tuesday.

Concern about European banks' holdings of government debt sent Greek, Irish and Portuguese government bonds falling relative to the benchmark German bunds and gold fluctuating in London.

3. Chinese Vice President Xi Jinping pledged an equal playing field for foreign firms operating in China after U.S. and European companies complained of increasing protectionism.

4. A strike by underground transit workers in London severely disrupted the business day.

By Ariana Eunjung Cha  |  September 7, 2010; 7:59 AM ET
Categories:  *Morning briefing  
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