U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
* Yields higher day after drop to record lows
* Escalating trade wars, dire data fuel recession fears
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr
LONDON, Aug 8 (Reuters) - Euro zone bond yields edged up on Thursday, a day after pushing borrowing costs to record lows amid growing fear that the world economy is heading for a recession.
After falling nine straight days, its longest decline since late 2015, Germany's 10-year bond yield rose 2.5 basis points to -0.56%.
It reached record lows alongside other euro zone bonds on Wednesday, after an unexpectedly large interest rate cut in New Zealand and dire German industrial production data fuelled expectations for more central bank easing to shore up growth.
That followed days of growing anxiety over escalating U.S./China trade tensions.
Washington on Monday branded Beijing a currency manipulator for the first time since 1994 after China allowed its currency to weaken beyond 7 per dollar for the first time in more than a decade.
The prospect of recession widened the inversion between U.S. three-month bills and 10-year yields to 39 basis points on Wednesday, a level not seen since March 2007.
Long-term global borrowing rates have never been lower. The aggregate yield on a Bloomberg-Barclays index of seven- to 10-year bonds worldwide dropped to a record low 1.44% on Wednesday.
"The combination of trade war escalation, summer liquidity, expectations for more QE (quantitative easing) explain the latest move lower in bond yields and why real money investors have chased yields lower," said Fabio Bassi, head of European rates strategy at JP Morgan.
"The result of what central banks actually deliver now and clarity on the macro impact of trade wars will set the tone going forward."
Ten-year euro zone bond yields rose 2 to 3 basis points. The selloff was most pronounced in southern Europe, which has benefited from the rush to grab bonds with a positive yield.
Japanese investors bought Italian bonds in June at the fastest pace in more than four years, Japanese finance ministry data showed on Thursday.
They also sold German debt in June at the fastest pace in more than a year. The entire German yield curve has slipped into negative territory, reducing the appeal of holding German bonds .
Ten-year bond yields in Italy, Spain and Portugal rose 6 to 11 basis points and analysts said political uncertainty in Italy was weighing on sentiment there.
"In the very short run, the focus will shift to Italy," analysts at UniCredit said in a note. "The increasing likelihood of an early election makes BTPs (Italian bonds) vulnerable in today's trading."
(Reporting by Dhara Ranasingh, editing by Larry King)