News Wire

Saudi SAMI continues partnership talks with S.Africa's Denel after rebuff

15/07 Saudi Arabia's state defence company is continuing to hold commercial partnership talks with South Africa's Denel which said this month it would not sell a stake to the Saudi firm.  Full story

Yuan firms as traders see resilience in China's economy

07h11 China's yuan firmed slightly against the U.S. dollar on Tuesday as traders bet government support measures will put a floor under the slowing economy in coming months. Expectations of a U.S.. . .  Full story

Changing habits: China's pig farms clean up to beat swine fever

06h47 A devastating outbreak of African swine fever that has killed millions of pigs in China is changing attitudes in a country where farm hygiene has often been seen as lax by international standards.. . .  Full story

China's Xiaomi continues chip strategy revamp with investment in semiconductor designer

06h44 China's Xiaomi Corp has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central. . .  Full story

EXCLUSIVE-India to keep sugar export subsidies even as rivals complain - sources

06h41 India will keep its sugar export subsidies despite complaints to the World Trade Organization (WTO) from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the. . .  Full story

Indonesia seen starting to cut rates before Fed moves

06h41 Indonesia's central bank is likely to begin an easing cycle with a rate cut on Thursday, ahead of an anticipated Federal Reserve reduction of U.S. rates at the end of July, the majority of. . .  Full story

China shares fall on growth, trade worries; Hong Kong up

06h34 Chinese shares retreated on Tuesday after three sessions of gains as investors fretted over slower growth in the world's second-largest economy and the impact of the Sino-U.S. trade war, even as new data highlighted Beijing's. . .  Full story

Most Asian currencies tread water before U.S. data as Fed clues eyed

06h33 Emerging Asian currencies largely held to the sidelines on Tuesday as investors were reluctant to make any big bets ahead of U.S. retail sales and a host of speeches from Federal Reserve officials later. . .  Full story

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

06h31 Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production. . .  Full story

At Oil Search party, PNG prime minister seeks bigger slice of cake

06h24 Papua New Guinea's new prime minister used Oil Search Ltd's 90th birthday to press the country's biggest company and its oil major partners to pay more tax to the impoverished Pacific island nation.. . .  Full story

JGBs track global peers higher, BOJ's bond-buying helps

06h11 Japanese government bond prices rose on Tuesday, tracking advances by their global peers, with extra support provided by the central bank's debt-buying operation.. . .  Full story

China's H1 fiscal spending up 10.7% as Beijing ramps up support for economy

06h07 China's fiscal spending increased 10.7% in the first six months from a year earlier, the finance ministry said on Tuesday, underlining the government's bid to support the slowing economy.. . .  Full story

Copper hovers at two-week high on China data boost

06h03 London copper prices were almost unchanged on Tuesday, hovering around a two-week high hit in the previous session after top consumer China reported positive industrial output and investment data.. . .  Full story

China's yuan internationalisation should be market-driven, will take time-regulator

05h50 China's policy of internationalising the use of its yuan currency should be market-driven and cannot be accomplished overnight, the head of its foreign exchange regulator said on Tuesday.. . .  Full story

Australia, NZ dlrs hold firm, domestic stimulus long priced in

05h46 The Australian and New Zealand dollars stayed firm on Tuesday as market priced in aggressive cuts in U.S. interest rates, even as events at home suggested domestic policy would likely be eased again in. . .  Full story

-New Zealand inflation quickens in Q2, but rate cut views remain

05h45 New Zealand's inflation accelerated in the second quarter on higher fuel and housing costs, but did little to change market expectation interest rates will be cut this year to bolster a slowing economy.. . .  Full story

SE Asia Stocks-Most gain on prospects of policy easing

05h44 Most Southeast Asian stock markets rose on Tuesday on expectations of further monetary policy easing by global central banks, while concerns over palm oil exports to the European Union weighed on Malaysian shares.. . .  Full story

Sterling sags on Brexit concerns, weighs on euro

05h44 The pound struggled near a six-month low against the dollar on Tuesday, hampered by persistent worries over Brexit that, in turn, weighed on the euro.. . .  Full story

Gold steady as investors eye U.S. retail sales data

05h42 Gold prices held steady on Tuesday as investors awaited U.S. retail sales data that could serve as an indicator of the strength of the world's largest economy amid lingering concerns over global economic slowdown.. . .  Full story

IMF cuts forecast for Singapore's 2019 economic growth to 2%

05h34 The International Monetary Fund (IMF) has trimmed its 2019 economic growth forecast for Singapore to 2% from 2.3%, the Washington-based lender said on Tuesday, as global trade tensions hit exports from the city-state.. . .  Full story

Asian shares inch up as cautious investors await U.S. data, earnings

05h22 Major Asian equity indicators nudged higher on Monday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world's biggest economy, with markets remaining focused on a likely. . .  Full story

Wheat slips on supply concerns; corn, soy also ease

05h20 U.S. wheat futures eased to a four-session low on Tuesday, falling from a two-week high hit in the previous trading session, on the back of supply concerns and a post-rally adjustment.. . .  Full story

Australia's central bank ready to cut rates again "if needed"

05h15 Australia's central bank would cut interest rates again "if needed" to support employment, wages growth and inflation, having already eased twice since June to a record low of 1%.. . .  Full story

Nikkei falls as China's slowing growth hurts sentiment; automakers buck weakness

05h01 Japan's Nikkei fell on Tuesday as slowing economic growth in China hurt investor sentiment, but automakers outperformed on a media report that China will rely more on hybrid vehicles.. . .  Full story

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

04h58 U.S. oil companies on Monday began restoring some of the nearly 74% of production that was shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said.. . .  Full story

Australia shares unmoved by dovish minutes, NZ eases

04h50 Australian shares were flat on Tuesday, with losses in financial and energy stocks offsetting gains in miners, after the central bank in its July meeting minutes said it was ready to cut rates again. . .  Full story

China's H1 fixed-asset investment projects rise 81% y/y to 472 bln yuan

04h29 China's fixed-asset investment project approval in the first six months increased 81% by value compared with a year earlier as Beijing ramped up infrastructure spending to help support a slowing economy.. . .  Full story

S.Korea stocks steady; investors eye more stimulus, rate cut

04h25 Round-up of South Korean financial markets: South Korean shares were muted on Tuesday after China's second-quarter GDP growth rate turned slowest in 27 years, reinforcing hopes of further stimulus, while the local central bank is due. . .  Full story

Japan trade min blasts S.Korea for "mistaken" explanation after bilateral meeting

04h13 Japanese Trade Minister Hiroshige Seko said on Tuesday it was "regrettable" that the South Korean government had made what he said was an erroneous explanation after the two sides sat down for a working-level. . .  Full story

Prologis to buy IPT for about $4 bln

03h24 Prologis Inc said on Monday it would buy Black Creek Group's Industrial Property Trust Inc (IPT), a portfolio of U.S. industrial properties, in an all-cash deal valued at about $4 billion.. . .  Full story

China's Jan-June fiscal revenues +3.4% yr/yr - finance ministry

03h10 China's first-half fiscal revenue rose 3.4% from a year earlier, the finance ministry said on Tuesday.. . .  Full story

Rio Tinto hits cost blowout at Mongolia copper expansion

02h14 Rio Tinto on Tuesday flagged a cost blowout of up to $1.9 billion and a delay of up to 30 months at its Oyu Tolgoi underground copper mine in Mongolia, the miner's key growth. . .  Full story

Goldman banker highlights Morgan Stanley's Hong Kong IPO woes

02h01 A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according. . .  Full story

AMS does not see 'sufficient basis' for continuing takeover talks with Osram

01h59 Austria's AMS AG said on Tuesday it did not see "sufficient basis" for continuing its discussions with Osram Licht to acquire the German technology company, one day after Osram made public the approach by AMS.. . .  Full story

Von der Leyen faces crucial vote in quest to lead EU executive

01h10 Germany's Ursula von der Leyen faces a make-or-break vote on Tuesday in her quest to be the European Commission's first female leader, and a raft of promises made the previous day may help her. . .  Full story

Most big companies fail to report role in deforestation, charity says

01h01 Most big companies are failing to report the damage their operations are doing to forests despite committing to lighten their footprint under wider efforts to tackle climate change, according to a report published on Tuesday.. . .  Full story

Japan's REIT prices hit 12-year high amid global scramble for yield

01h00 Japanese real estate investment trust (REIT) prices hit a near 12-year high this week after institutional investors piled into the asset class as an alternatives to plunging yields on global bonds.. . .  Full story

Australia shares set to open flat; New Zealand up

00h22 Australian shares are expected to open little changed on Tuesday as energy sector declines are likely to offset gains in resources stocks. Oil prices fell about 1% on Monday, while. . .  Full story

U.S. judge slashes Roundup jury award to $25.3 mln; Bayer still plans to appeal

00h04 A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company's bid. . .  Full story

Brazil plan to open gas sector seen luring Naturgy, Engie, others

15/07 Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say.. . .  Full story

CME live cattle futures sag as traders eye lower boxed-beef prices

15/07 Chicago Mercantile Exchange (CME) live cattle futures ended mostly lower on Monday as weak boxed beef prices fueled concerns about increasing supplies. Select-grade boxed beef was $189.21 per cwt on Monday afternoon, down 2.7% from. . .  Full story

Treasury's Mnuchin says deal to raise U.S. debt ceiling getting close

15/07 U.S. Treasury Secretary Steven Mnuchin said on Monday the Trump administration and Congress were getting close to a deal on raising the U.S. debt ceiling and he urged lawmakers to take action on the. . .  Full story

-Citigroup profit beats estimates on gains in consumer lending

15/07 Citigroup Inc topped expectations for quarterly profit on Monday as a tight lid on costs and strength in consumer lending helped the third-largest U.S. bank counter weakness in its trading business.. . .  Full story

Corn pulls back from five-year high as traders eye U.S. weather

15/07 Chicago Board of Trade grain futures settled down on Monday after corn touched a five-year high and soybeans reached a one-year peak, as forecasts for rain in U.S. crop-growing areas eased concerns about hot,. . .  Full story

-People's United Financial to buy United Financial Bancorp for $743 mln in stock

15/07 People's United Financial Inc said on Monday it would buy United Financial Bancorp Inc , the holding company for United Bank, for about $743 million in stock.. . .  Full story

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

15/07 The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc kicked off the earnings season with a mixed quarterly report.. . .  Full story

Facebook vows Libra currency will wait for approval as U.S. airs worries

15/07 Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had. . .  Full story

Brazil's real pauses after rally, Argentine peso hit by Moody's revision

15/07 Most Latin American currencies weakened on Monday, halting the Brazilian real's recent run-up as investors looked for progress in the government's pension reform bill, while the Argentine peso was hit hard by Moody's outlook cut.. . .  Full story

China data steadies stocks as U.S. earnings get underway

15/07 A gauge of global stocks rose modestly on Monday after economic data from China came in as expected, but equities on Wall Street slipped on weakness in financials in the wake of Citigroup's earnings. . .  Full story

Loonie pulls back from 9-month high as oil prices fall

15/07 The Canadian dollar edged lower against its U.S. counterpart on Monday, retreating from Friday's nine-month high, as oil prices were pressured by data showing China's slowest economic growth in decades. The. . .  Full story

Amazon rivals ride on Prime Day marketing as protests unfold

15/07 Inc's Prime Day is now a major marketing opportunity and shopping event in the annual calendar for other U.S. retail companies, rivaling the Thanksgiving holiday's Black Friday as a driver of sales.. . .  Full story

Dollar drifts higher in thin summer trading; upside capped

15/07 The dollar edged higher on Monday in thin summer trading, with its potential upside limited by expectations the Federal Reserve will cut interest rates at next week's policy meeting. Investors expect. . .  Full story

Trump sees slowing Chinese growth pressuring Beijing on trade

15/07 U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having "a major effect" and warned that Washington could pile on more pressure as bilateral. . .  Full story

Italy's state railway picks Atlantia for Alitalia rescue

15/07 Italy's state railway Ferrovie dello Stato picked motorway operator Atlantia as a partner to join a consortium of investors for the rescue of national carrier Alitalia, Ferrovie said on Monday.. . .  Full story

Oil prices down on dwindling storm impact, Chinese economic data

15/07 Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on U.S. Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand. . .  Full story

Mnuchin says Facebook cryptocurrency needs safeguards against money laundering

15/07 U.S. Treasury Secretary Steve Mnuchin on Monday voiced serious concern that Facebook Inc's proposed Libra cryptocurrency could be misused for money laundering, adding to the growing regulatory skepticism of the social media company's digital asset. . .  Full story

U.S., Chinese officials to discuss trade in phone call this week -Mnuchin

15/07 U.S. Treasury Secretary Steven Mnuchin on Monday told reporters he expects to have another telephone call with Chinese officials this week as part of resumed discussions about a trade agreement.. . .  Full story

Osram receives non-binding AMS offer designed to trump rival bid

15/07 Osram Licht has been approached by Austria's AMS to discuss a non-binding 38.50 euros ($43.32) per share takeover offer, it said on Monday, sparking a potential bidding war for the German lighting company.. . .  Full story

Long-dated yields fall, retail sales data in focus

15/07 Longer-dated U.S. Treasury yields edged lower on Monday as investors focused on Tuesday’s retail sales figures as the next indicator of the strength of the U.S. economy. The U.S. yield curve. . .  Full story

Gold inches down as mixed Chinese data boosts equities

15/07 Gold edged lower on Monday as global stock markets gained with investors focusing on some upbeat economic readings from mixed Chinese economic data, while a firm dollar further weighed on bullion.. . .  Full story

Nuclear deal parties not ready to launch dispute mechanism against Iran, prefer more diplomacy -EU

15/07 The remaining parties to the Iran nuclear deal do not see Tehran's breaches as significant and do not intend for now to trigger the pact's dispute mechanism, preferring more diplomacy to ease the crisis,. . .  Full story

-Symantec ends talks to sell to Broadcom over price -sources

15/07 Cybersecurity company Symantec Corp has walked away from negotiations to sell itself to chipmaker Broadcom Inc over price disagreements, people familiar with the matter said on Monday.. . .  Full story

Charles Schwab in talks to buy USAA wealth-management, brokerage units - WSJ

15/07 Charles Schwab Corp is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter.. . .  Full story

Romanian union says strike averted at ADM Constanta grain silos

15/07 The union representing workers at ADM's North Star Shipping grain silos in Romania's Black sea port of Constanta said on Monday an indefinite strike scheduled to start on July 15 had been averted after reaching. . .  Full story

Nomura pays $26.5 mln to settle U.S. charges over traders' lies about bond prices

15/07 Nomura Holdings Inc will pay $26.5 million to settle U.S. Securities and Exchange Commission charges that it failed to properly supervise five former traders who lied to customers about mortgage bond prices.. . .  Full story

Europe closes higher as upbeat China data boosts German shares

15/07 European stocks ended higher on Monday as trade-sensitive German equities took heart from surprisingly strong Chinese data after worries about domestic growth led to a shaky start.. . .  Full story

Copper hits two-week high; gains capped by demand doubts

15/07 Copper prices touched two-week highs on Monday as better than expected industrial output and investment data from top consumer China boosted sentiment, though gains were capped by the protracted U.S.-China trade dispute.. . .  Full story

Chinese data, Antofagasta help FTSE 100 end longest losing streak in years

15/07 London's FTSE 100 clawed back some ground on Monday, ending its longest losing streak in three-and-a-half years as Chinese data eased investor concerns over a global growth slowdown.. . .  Full story

Israel banks Hapoalim and Discount name new CEOs

15/07 Two of Israel's largest banks, Bank Hapoalim and Israel Discount Bank , named new chief executives on Monday after a wave of resignations in the country's finance industry that followed legislation capping salaries.. . .  Full story

UAW head wants union to share in profits of U.S. automakers

15/07 The head of the labor union representing most hourly workers at the U.S. automakers struck an adversarial tone on Monday, vowing in likely contentious talks for new four-year deals that they want to share in. . .  Full story

Euro zone bonds resume rally, led by Italy's 10bps yield drop

15/07 Euro zone government bonds rallied on Monday as buyers returned in force after last week's sharp selloff, compressing yields around the bloc by 5-10 basis points and taking Italian borrowing costs to 10-day lows.. . .  Full story

Climate activists disrupt five British cities with 'summer uprising'

15/07 Civil disobedience group Extinction Rebellion staged protests in five British cities on Monday, aiming to renew pressure on the government to take bolder action to tackle climate change and slow the worldwide loss of plant. . .  Full story

Sterling slides back to $1.25 as economy and Brexit worries grow

15/07 The British pound fell back towards six-month lows against the dollar and the euro on Monday, with traders still nervous about a loss of momentum in the UK economy, the prospect of an interest. . .  Full story

Yandex's joint venture with Uber to buy smaller Russian taxi firm's assets

15/07 Russian internet company Yandex's joint venture with Uber has agreed to buy Russian taxi firm Vezet's core business, further cementing Yandex's role as a major online taxi operator in Russia and neighbouring countries.. . .  Full story

Libya's H1 oil revenue dips to $10.2 bln

15/07 Libya's oil revenue dropped 11.2% to 14.3 billion dinars ($10,2 billion) in the first six months of 2019, compared with the same period last year, the central bank said on Monday.. . .  Full story

Actis takes on management of two Abraaj funds

15/07 Private equity firm Actis said on Monday it had acquired the rights to manage two private equity funds previously managed by collapsed buyout firm Abraaj, in a deal aimed at strengthening its position in. . .  Full story

Algeria suspends grain agency head in corruption probe - govt sources

15/07 Algeria's government has suspended the head of grains agency OAIC over corruption allegations, sources close to the prime minister's office said, creating uncertainty for traders who supply one of the world's biggest cereal importers.. . .  Full story

Regulators call for urgent move away from Libor

15/07 Federal Reserve Bank of New York President John Williams on Monday said the finance industry "must not wait" to stop using the Libor lending benchmark.. . .  Full story

All change again in zinc and lead's relative value dance: Andy Home

15/07 Zinc's premium to lead has collapsed from over $1,000 per tonne in April to just $460 per tonne as of Monday.. . .  Full story

Huawei to invest $3.1 bln in Italy but calls for fair policy on 5G - country CEO

15/07 China's Huawei Technologies said it would invest $3.1 billion in Italy over the next three years, as the Chinese telecoms giant called on Rome to ensure the "transparent, efficient and fair" use of its. . .  Full story

TSX propped up by gains in energy shares

15/07 Canada's main stock index rose on Monday as shares of energy companies were lifted by higher crude prices.. . .  Full story

Vivendi's Canal+ acquires African film studio ROK

15/07 French pay-TV group Canal+ has acquired African film and television studio ROK, marking the first international acquisition in Nigeria's film industry, popularly known as Nollywood.. . .  Full story

Back to beers for AB InBev after failed Asian float

15/07 AB InBev's cancelled Asian stock market listing will slow but not derail the world's largest brewer's efforts to cut its debt mountain, delaying future acquisitions and prioritising its main challenge - selling more beers.. . .  Full story

Portugal's Novo Banco plans to halve bad loan ratio soon - chairman

15/07 Portugal's Novo Banco, controlled by U.S. private equity fund Lone Star, expects to halve its non-performing loan ratio to 10% this year or next, putting it on a par with domestic rivals, its chairman. . .  Full story

Balfour Beatty unit appoints counsel to probe U.S. Air Force base allegations

15/07 A unit of British infrastructure group Balfour Beatty has appointed Hunton Andrews Kurth LLP to work with the U.S. Air Force and other authorities to investigate allegations that it falsified maintenance records at a. . .  Full story

Sri Lanka stocks hit near 3-month high as foreign inflows surge; rupee slips

15/07 Sri Lankan shares gained for the fifth straight session on Monday to hit a nearly three-month closing high, as foreign fund inflows hit a more than seven-year high due to a block deal, while. . .  Full story

With hip hop and bumper home loans, big banks target South Africa's youth

15/07 South Africa's biggest banks are betting cut-price accounts, big mortgages and offers on everything from Adidas backpacks to Xboxes will help them win over the youth market, which many overlooked until. . .  Full story

On the menu soon: lab-grown steak for eco-conscious diners

15/07 Diners in some upmarket restaurants will soon be able to tuck into laboratory-grown steak, thanks to an Israeli startup that seeks to tap into consumer concerns about health, the environment and animal welfare.. . .  Full story

EXCLUSIVE-India to keep sugar export subsidies even as rivals complain-sources

15/07 India will keep its sugar export subsidies despite complaints to the World Trade Organization (WTO) from rival producers Brazil and Australia, though it will tweak how it provides them, four sources directly involved in the. . .  Full story

Hedge funds stick to the sidelines in oil: Kemp

15/07 Hedge funds and other money managers left their petroleum positions essentially unchanged last week as the poor outlook for consumption offset production concerns stemming from tensions in the Middle East.. . .  Full story

China Q2 GDP growth slows to 27-year low as trade war bites, more stimulus seen

15/07 China's economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.. . .  Full story

COLUMN-China's commodity demand holds up, with copper the exception: Russell

15/07 One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world's biggest importer of natural resources. The problem is the numbers tell. . .  Full story

- Bulgaria jobless rate edges down to 5.2% in June

15/07 Bulgaria's jobless rate edged down to 5.2% in June, down from 5.3% in May and 5.7% in the same month last year, mainly due to seasonal factors including a busy tourist season, data from. . .  Full story

Bitcoin drops more than 10% as scrutiny of cryptocurrencies grows

15/07 Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin.. . .  Full story

Consumer lender Home Credit plans more than $1 bln Hong Kong float

15/07 Consumer lender Home Credit B.V. on Monday filed for a Hong Kong initial public offering, which two sources said could raise more than $1 billion, just three days after AB InBev shelved the listing of. . .  Full story

China to investigate local authorities' efforts to control African swine fever

15/07 China's agriculture ministry said on Monday it will carry out checks on local veterinary authorities in 10 provinces as it tries to slow the ongoing spread of the deadly African swine fever virus.. . .  Full story

Bulgaria raises 2019 fiscal shortfall over F-16 aircraft purchase

15/07 Bulgaria's fiscal deficit will jump to 2.1% of economic output this year as the Balkan country prepares to finance the purchase of eight new F-16 fighter jets from the United States, its biggest military. . .  Full story

U.S. firms may get nod to restart Huawei sales in 2-4 weeks -official

15/07 The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump's recent effort to. . .  Full story

UK deals blow to insurers with change to discount rate

15/07 Britain will change the discount rate used to calculate compensation for personal injuries to minus 0.25% from minus 0.75%, disappointing insurers who were hoping for a higher rate to limit the money they must. . .  Full story

Sports Direct delays results as House of Fraser deal backfires

15/07 British retailer Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could affect the financial guidance it gave in December.. . .  Full story

SGX seeks price limits on stock auctions after $41 bln flash crash

15/07 Singapore Exchange's regulatory unit is proposing imposing price limits for daily stock auctions to prevent incidents such as the $41 billion flash crash in January that briefly roiled shares in conglomerate Jardine Matheson.. . .  Full story

Demographic problems stifle growth, convergence in CEE countries - IMF

15/07 Rapidly shrinking and ageing populations in central and southeastern Europe could significantly hamper economic growth and convergence with more developed European economies, the International Monetary Fund (IMF) said on Monday.. . .  Full story