News Wire

Ghana's Cocobod in talks with international lenders for $300 mln medium-term loan

20/09 Ghana's industry regulator Cocobod is in talks with international lenders for a $300 million medium-term loan on top of a $1.3 billion syndicated facility signed on Thursday, Chief Executive Joseph Boahen Aidoo said.  Full story

South Korea job growth to remain weak in second half - fin min

01h00 Job growth in South Korea will remain weak for the rest of this year as a boost in fiscal spending won't be enough to quickly offset employment losses in service industries and the private. . .  Full story

China diesel demand picks up at fastest pace in at least five years

01h00 China's diesel demand will grow at its fastest in at least five years as a pick-up in diesel-intensive sectors in the world's second-biggest economy coincides with lower output from domestic refineries, several sources and analysts. . .  Full story

Australia shares set to edge higher; NZ steady

00h15 Australian shares were expected to open higher on Friday, mirroring overnight gains on Wall Street, which rose as tensions over ongoing U.S.-China trade dispute eased. However, Aussie energy stocks were. . .  Full story

Micron shares slide as U.S. tariffs weigh on outlook

00h06 Shares of chipmaker Micron Technology Inc on Thursday reversed earlier gains as executives gave a lower-than-expected sales and margin forecast and said U.S. tariffs on Chinese goods would weigh on its financial results for as. . .  Full story

NAFTA deal not yet in sight, Canada stands firm on auto tariffs

20/09 Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible autos tariffs, sources said.. . .  Full story

Wells Fargo to cut headcount by 5-10 pct in next 3 years

20/09 Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan.. . .  Full story

Adobe to buy marketing software firm Marketo for $4.75 bln

20/09 Adobe Systems Inc on Thursday agreed to buy Marketo Inc for $4.75 billion from private equity firm Vista Equity Partners Management, adding heft to its cloud-based digital marketing business.. . .  Full story

Cryptocurrency has hit bottom, bitcoin due for renaissance -Novogratz

20/09 Michael Novogratz, former macro hedge fund manager and founder of cryptocurrency asset management firm Galaxy Digital Capital Management, on Thursday said that the bottom in cryptocurrency prices has been reached and bitcoin is due to. . .  Full story

Industrials lead Dow to record high; tech boosts S&P, Nasdaq

20/09 Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began in January.. . .  Full story

Libyan NOC reopens runway at Wafa oilfield after protest ends

20/09 Libyan state oil firm NOC has reopened the airfield at the southwestern Wafa oilfield after state guards ended a blockade, it said.. . .  Full story

Corn, soy up about 2 pct as export data sparks short-covering

20/09 U.S. corn futures climbed nearly 2 percent on Thursday, hitting a one-week high as higher-than-expected weekly export sales and prospects for U.S. harvest delays sparked a round of short-covering, analysts said.. . .  Full story

Mexico's next government starts oil contract reviews with Talos-led deal

20/09 Mexico's incoming government has begun its promised review of oil contracts, starting with a major project won by a consortium led by U.S.-based Talos Energy, the country's next energy minister said.. . .  Full story

Argentine peso strengthens on optimism over IMF talks

20/09 The Argentine peso closed 2.9 percent stronger on Thursday, reflecting investor optimism that the recession-hit country will strike a new standby financing agreement with the International Monetary Fund aimed at guaranteeing government solvency.. . .  Full story

Stocks hit new highs as trade worries ease, dollar slips

20/09 World stock markets rallied on Thursday, with the Dow and S&P 500 setting new highs, while the U.S. dollar slipped as investors viewed this week's fresh U.S. and Chinese tariffs on imports as less. . .  Full story

Amazon adds Echo devices for home and car in bid to dominate voice gadgets

20/09 Inc on Thursday introduced a dozen new Echo speakers and related gadgets in a bid to stay ahead of rivals Apple Inc and Alphabet Inc's Google in the nascent category for voice-controlled devices.. . .  Full story

TD Ameritrade, Schwab sue Goldman Sachs over stock-sharing agreement

20/09 Discount brokerages Charles Schwab Corp and TD Ameritrade Holding Corp filed suit against Goldman Sachs Group Inc in New York state court on Thursday over the investment bank's bid to end a 17-year-old stock-sharing agreement.. . .  Full story

Dollar dips across the board as trade war worries recede

20/09 The dollar fell across the board on Thursday as a resurgence in global risk appetite after the United States and China announced new import tariffs this week that were less harsh than expected curbed. . .  Full story

U.S. long-term yields decline on trade, Brexit uncertainty

20/09 U.S. long-dated Treasury yields fell on Thursday, as persistent U.S.-China trade tensions and uncertainty over Brexit spurred investors to seek the safety of government bonds. Upbeat U.S. economic data briefly pushed. . .  Full story

Oil prices pull back as Trump tweet shifts focus to OPEC

20/09 Oil prices eased on Thursday, pulling back after U.S. President Donald Trump urged OPEC to increase production at its meeting in Algeria, and slowing bullish momentum that had previously propelled the market toward four-year highs.. . .  Full story

Carige's top investor secures majority of new board

20/09 Carige's top investor secured a majority of seats on the beleaguered Italian bank's new board on Thursday, after falling out with a third chief executive in three years and pushing for a shake-up.. . .  Full story

U.S. sanctions China for buying Russia war planes, missiles

20/09 The Trump administration imposed sanctions on the Chinese military on Thursday for buying fighter jets and missile systems from Russia, in breach of a sweeping U.S. sanctions law punishing Moscow for meddling in the 2016. . .  Full story

C$ strengthens to 3-month high as greenback broadly slides

20/09 The Canadian dollar strengthened to its highest in more than three months against its U.S. counterpart on Thursday as the greenback broadly fell and investors awaited clues on the prospect of a deal to. . .  Full story

Vista Global sees higher demand for Bombardier 7500 after certification

20/09 Canadian aircraft leasing company Global Vista, one of the largest customers for Bombardier's long-range Global 7500 business jet, said on Thursday it expects greater demand for the plane after Canadian and U.S. regulators certify the. . .  Full story

Turkey slashes growth forecasts, but not enough for wary investors

20/09 Turkey sharply cut its growth forecasts for this year and next on Thursday, a reduction that failed to mollify investors who wanted a more sober assessment of the fragile economy and a sweeping plan. . .  Full story

Spain's Caixabank sells its 9.4 pct stake in Repsol

20/09 Spain's Caixabank on Thursday said it would sell its 9.4 percent stake in Spanish oil major Repsol and book a loss of 450 million euros in the third quarter.. . .  Full story

ECB must discuss rate path beyond first hike: Praet

20/09 From next year, the European Central Bank will need to communicate the expected path of interest rates beyond its initial hike to keep market prices consistent with a slow rise in inflation, ECB chief. . .  Full story

Opel to further scale back production at Ruesselsheim - report

20/09 Carmaker Opel, a unit of France's PSA Group, is planning to further scale back production at its Ruesselsheim plant, a local newspaper group reported on Friday.. . .  Full story

Gold hits near 1-week high as easing trade concerns hurt dollar

20/09 Gold edged up to hit its highest in nearly a week on Thursday as the U.S. dollar slumped, its safe-haven appeal lessened by reduced fears over the near-term impact of Sino-U.S. trade tensions.. . .  Full story

Italy's government allies seek higher deficit to spur growth

20/09 Italy's ruling parties want to spur economic growth by setting next year's budget deficit target at more than two percent of annual output, a level that clashes with European Union commitments and may boost. . .  Full story

Arabica coffee extends rebound as Brazil currency firms

20/09 Arabica coffee futures rallied on Thursday, moving further away from this week's 2005 low as a rise in top grower Brazil's currency combined with spillover support from larger commodity markets lifted prices.. . .  Full story

-Czech investor tightens grip on Metro with additional stake

20/09 Czech investor Daniel Kretinsky is buying more shares in German retailer Metro from Ceconomy, the companies said on Thursday, likely stoking speculation of a full bid.. . .  Full story

Four General Electric power turbines shut down in US due to blade issue

20/09 General Electric Co said on Thursday that four of its new flagship power turbines in the United States have been shut down due to an "oxidation issue" and warned it expects the problem to. . .  Full story

Animal health firm Elanco surges 41 pct on debut

20/09 Eli Lilly unit Elanco Animal Health Inc's shares jumped as much as 41 percent on their stock market debut on Thursday, adding to investor enthusiasm for the fast-growing pet healthcare market.. . .  Full story

Aurora Cannabis plans U.S. stock listing in October

20/09 Canada's Aurora Cannabis Inc said on Thursday it planned a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers.. . .  Full story

Aston Martin aims to steer round Brexit to $6.7 bln IPO

20/09 Luxury British carmaker maker Aston Martin is seeking a price tag of up to 5.1 billion pounds ($6.7 billion) in its stock market debut next month and has geared up for any Brexit outcome,. . .  Full story

Minneapolis prosecutors weighing evidence in CEO case

20/09 Prosecutors are weighing whether to bring charges against Chinese businessman Richard Liu after the Minneapolis Police Department turned over the findings of its initial investigation into accusations of rape against the chief executive, according. . .  Full story

Hammond urged EU peers to help Britain cope with possible hard Brexit -EU source

20/09 Britain's finance minister urged the European Commission to help devise European contingency plans for the financial sector in case of no deal on Brexit, pointing to growing concerns about a disorderly departure from the European. . .  Full story

Argentine peso, equities rise on IMF talks

20/09 Argentina's peso and benchmark equities index rose sharply on Thursday amid optimism over negotiations between the country's government and the International Monetary Fund, as well as central bank measures to strengthen the currency.. . .  Full story

Oman central bank foreign assets fall to five-year low as deficit weighs

20/09 The Omani central bank's foreign assets fell to a five-year low in July as a deficit in goods and services trade continued to drain the country's external reserves, central bank data showed on Thursday.. . .  Full story

Russia may protect Deripaska's GAZ by shunning rivals for state purchases

20/09 Russia is considering supporting sanctions-hit Russian Machines, which owns 61 percent of vehicle maker GAZ, by restricting government purchases from its rivals in the country.. . .  Full story

WTO members clamour for more clarity on US farm spending

20/09 Trading partners will demand more details from the United States at the World Trade Organization next week about its planned $12 billion aid package for U.S. farmers hurt by the Trump administration’s tariff wars.. . .  Full story

Peugeot urges France to revive incentives for hybrids

20/09 PSA Group is pressing the French government to revive sales incentives on rechargeable hybrid vehicles as it rolls out plug-in versions of its larger models to meet tightening European emissions rules, the carmaker said. . .  Full story

Britain's FTSE lags peers as upbeat retail data boost pound

20/09 UK shares lagged their European peers on a trade war relief rally on Thursday, after better-than-expected UK retail data boosted the pound which acts as an accounting drag on their foreign revenues.. . .  Full story

Copper pulls back as economic growth worries return

20/09 Copper ended two days of gains on Thursday as concerns resurfaced about the health of the global economy and higher U.S. interest rates ahead of a central bank meeting.. . .  Full story

Ballooning debt threatens U.S. economic stability -ex-FDIC Chair Bair

20/09 Sheila Bair, former chair of the Federal Deposit Insurance Corporation, on Thursday warned that the economic recovery since the 2008 financial crisis has been largely driven by ballooning consumer and corporate debt, fueled by low. . .  Full story

U.S. household net worth almost $107 trln in Q2 2018

20/09 U.S. households added nearly $2.2 trillion to their wealth from April to June this year, the Federal Reserve said on Thursday.. . .  Full story

European shares ride trade relief rally

20/09 European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood.. . .  Full story

-BlackRock's Fink: U.S. a short-term 'big winner' in China trade war

20/09 Larry Fink, chief executive of BlackRock, the world's largest asset manager, on Thursday said the United States is "a big winner" in the trade war with China "in the short-term," but not necessarily over time.. . .  Full story

Emirates, Etihad airlines deny report they may merge

20/09 State-owned Emirates and Etihad, two of the Middle East's top airlines, denied a Bloomberg report on Thursday which quoted unnamed sources as saying Emirates was seeking to take over smaller Etihad to create the. . .  Full story

S&P sector reshuffle may do little for telecom stocks

20/09 The S&P 500's three-company telecommunications services index is about to be folded into a much higher-profile group, but a brighter spotlight may not be enough to boost the stocks as investors continue to favor growth. . .  Full story

Amazon buys stake in owner of Indian supermarket chain More

20/09 Amazon and Indian private equity firm Samara Capital are making a joint investment that will give the online retail giant a stake in Indian supermarket chain More, the U.S. company said on Thursday.. . .  Full story

Demand for Slovakia's Eastring gas pipeline could hit 12 bcm in first year -study

20/09 Slovakia's proposed Eastring gas pipeline, aimed at reducing southeastern Europe's reliance on Russian supplies, could be operational by 2025 and draw initial demand of 12 billion cubic metres (bcm) a year, according to a feasibility. . .  Full story

Shell wins LNG deal to supply Chinese firm's power plant in Panama

20/09 Royal Dutch Shell Plc has won a long-term contract to provide liquefied natural gas to a Chinese company's 441 megawatt power plant under construction in Colon, Panama, advisors on the deal said.. . .  Full story

GE says four HA turbines in U.S. shut down due to blade problem

20/09 General Electric Co said on Thursday that four of its flagship power turbines in the United States have been shut down due to a problem with turbine blades that was discovered at an electrical. . .  Full story

Under Armour to cut 400 more jobs in turnaround push, shares rise

20/09 Under Armour Inc announced 400 job cuts on Thursday and raised its forecast for adjusted profit to the high-end of an earlier range, deepening cost-cuts in the face of rising competition from Nike and Adidas.. . .  Full story

New U.S. LNG projects, enough to double exports, on verge of launch

20/09 New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their facilities or are waiting for approval from the energy regulator, a review of their documents showed this. . .  Full story

Italy's bond yields jump on budget brinkmanship

20/09 Italian bond yields rose on Thursday, reversing earlier falls in a move analysts attributed to a threat from the 5-Star Movement's Luigi di Maio to quit the coalition if the party's spending demands in. . .  Full story

Top French court throws out latest appeal by SocGen rogue trader

20/09 France's highest court of appeal on Thursday rejected the latest appeal by former rogue trader Jerome Kerviel against his three-year jail sentence for causing a 4.9 billion euro ($5.8 billion)loss to Societe Generale.. . .  Full story

Countering Draghi, ECB's Weidmann says too soon for financial risk-sharing

20/09 It is too soon for financial risk to be shared more broadly across the euro zone, Germany's European Central Bank representative said on Thursday, a day after its head made the case for a. . .  Full story

In U-turn, Exxon, Chevron to join industry climate initiative

20/09 Exxon Mobil, Chevron and Occidental Petroleum are joining a group of major international oil and gas companies in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday.. . .  Full story

Egypt inks $352 mln deal with Siemens to manage power stations

20/09 Egypt on Thursday signed a $352 million contract with Siemens AG and Siemens Technologie to manage three gigantic new power plants built to plug a gap in Egypt's electricity needs, state news agency MENA reported.. . .  Full story

IMF says "important progress" made on Argentina financing arrangements

20/09 International Monetary Fund staff and Argentine authorities in the past week have made "important progress" towards new financing arrangements and stronger economic policies that could be considered soon by the IMF's board, a Fund spokesman. . .  Full story

IMF leaves Ukraine without announcing aid deal, sees accord soon

20/09 An IMF mission has left Ukraine without announcing a deal on new aid but a top central bank official said on Thursday he expected an agreement "in the near future" that would help preserve. . .  Full story

Technogym targets content fix for fitness fans to sustain growth

20/09 Italy's Technogym is looking to offer fitness fanatics more content via exercise equipment screens or their personal devices, its founder and chief executive said on Thursday.. . .  Full story

India may look to lock in oil futures to stem rupee slide - source

20/09 India's government is planning to ask state oil firms to lock in their crude futures purchase prices, a government source said on Thursday, anticipating a spike when U.S. sanctions on Iran snap back again in. . .  Full story

Rare auction showdown could decide fate of broadcaster Sky

20/09 A protracted $34 billion bidding war for European broadcaster Sky between U.S. rivals Comcast and Twenty-First Century Fox is likely to be settled by a quick-fire auction on Saturday.. . .  Full story

Natural gas says it's no longer a transition fuel. It may be wrong: Russell

20/09 Natural gas is no longer merely a transition fuel between the past of dirty coal and crude oil and the future of renewables, according to an increasingly confident cross-section of the industry.. . .  Full story

Pound surges, buoyed by retail sales and Brexit hopes

20/09 Sterling added more than a cent to hit two-month highs on Thursday after forecast-beating UK retail sales data and amid growing optimism that Britain and the European Union are making progress at a summit. . .  Full story

Turkey's Albayrak says inflation to peak in October, enter downward trend by year-end

20/09 Turkey's inflation will peak in October, but enter a downward trend by the end of the year, Finance Minister Berat Albayrak said on Thursday, hours after unveiling a new medium-term programme.. . .  Full story

Irish PM says Britain's May promised him new border proposals

20/09 Ireland's Prime Minister Leo Varadkar said on Thursday Britain's Prime Minister Theresa May told him she would make new proposals on the post-Brexit Irish border but presented nothing in writing.. . .  Full story

Sri Lanka plans 10 pct increase in 2019 government expenditure

20/09 Sri Lanka plans to increase its government expenditure by 10.1 percent in 2019 to 4.38 trillion rupees ($25.98 billion), a finance ministry document showed on Thursday.. . .  Full story

Technology investment bank Qatalyst hires Zweig from JPMorgan

20/09 Technology-focused investment bank Qatalyst Partners has hired Ethan Zweig, a JPMorgan Chase & Co managing director, to join its San Francisco-based banking team.. . .  Full story

TSX rises as financials, heathcare stocks gain

20/09 The heavyweight financial sector pushed Canada's main index higher on Thursday and a rise in shares of cannabis producers boosted the healthcare sector.. . .  Full story

HitecVision-backed Verus Petroleum buys UK oil firm Cieco

20/09 Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' majority owner, Norwegian private equity firm HitecVision, said on Thursday.. . .  Full story

U.S. existing home sales unchanged in August

20/09 U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.. . .  Full story

BHP seeks approval for $50 mln U.S. pact over fatal Brazil dam burst

20/09 BHP Billiton Ltd has asked a U.S. judge to approve a $50 million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015. . .  Full story

COLUMN-U.S. refiners face emerging glut of fuel: Kemp

20/09 U.S. refiners have processed a record volume of crude in the last three months, reversing the previous shortage of distillate but leaving the country with record gasoline stocks at the end of the summer. . .  Full story

EXPLAINER-What sector overhaul means for tech stocks, Wall Street

20/09 The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled. . .  Full story

British lawmakers demand answers on service disruption at Cashplus

20/09 British lawmakers demanded an explanation from banking services provider Cashplus after outages left customers unable to receive or make payments this week, the latest in a series of disruptions at British financial firms this year.. . .  Full story

Kuwait positive ahead of FTSE entry; other markets mixed

20/09 Kuwait's stock market closed on a positive note on Thursday on expectations of passive fund inflows when it partly joins the FTSE Russell emerging market index on Monday, while other markets were mixed.. . .  Full story

Italian judge jails two in Nigerian oil graft case

20/09 An Italian judge sentenced two defendants in a Nigerian corruption case to jail on Thursday in the first ruling on one of the oil industry's biggest graft scandals.. . .  Full story

Sri Lankan rupee hits record low for 7th session; state banks sell dollar

20/09 The Sri Lankan rupee fell 0.9 percent on Thursday to hit a record low for a seventh straight session due to dollar demand from importers and banks to facilitate foreign bond outflows, market sources. . .  Full story

JAB sees acquisition opportunities in non-alcoholic beverages - Manager Magazin

20/09 Privately owned investment firm JAB Holding Co, best known for stirring up the coffee industry with a string of deals, sees huge opportunities for acquisitions in the market for non-alcoholic beverages, one of its senior. . .  Full story

SNB sees no clear exit from crisis mode as cuts inflation view

20/09 Switzerland's monetary policy will stay in crisis mode for the foreseeable future, its central bank indicated on Thursday, as it cut inflation forecasts after investors spooked by trade and political tensions abroad piled into the. . .  Full story

Front-quarter prices slip on rain forecasts, rising water levels

20/09 Nordic front-quarter power prices fell to their lowest in three months on Thursday weighed down by wetter weather forecasts and rising water reserves in the hydropower-dependent region.. . .  Full story

Frustrated Ryanair investors target chairman after year of strikes

20/09 A significant minority of Ryanair shareholders voted against the re-election of the airline's long-serving chairman on Thursday but they overwhelmingly rejected calls by trade unions to oppose Chief Executive Michael O'Leary.. . .  Full story

Beiersdorf to appoint De Loecker CEO in December -manager magazin

20/09 Beiersdorf, the maker of Nivea lotions, will appoint current deputy chief executive Stefan De Loecker as CEO effective from December, German monthly manager magazin reported on Thursday.. . .  Full story

Asia Rice-India prices recover; low Thai rates dampen Vietnamese offers

20/09 Rice export prices in India recovered this week after demand improved, while rates for the Vietnamese variety eased despite the prospect of orders from typhoon-hit Philippines, as Thai rates were more competitive.. . .  Full story

Sri Lanka shares hit 30-month low on weak rupee, foreign selling

20/09 Sri Lankan shares dropped to their lowest close in 30 months on Thursday as foreign investors sold market heavyweight John Keells Holdings, while a weak rupee dented sentiment.. . .  Full story

Africa-focused buyout firm DPI buys irrigation company CMGP for $100 mln

20/09 Africa-focused private equity firm DPI has bought a majority stake in Moroccan irrigation company Compagnie Marocaine de Goutte Ă  goutte et de Pompage (CMGP) for around $100 million, it said in. . .  Full story

South Africa's cabinet approves new mining charter

20/09 South Africa's cabinet approved a long-delayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister said on. . .  Full story

Now near 100 million bpd, when will oil demand peak?

20/09 Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign. . .  Full story

With copper options, China steps up challenge to London, New York rivals

20/09 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New. . .  Full story

Trade wars will weigh on already struggling tin: Andy Home

20/09 Tin has been spared the volatility afflicting the rest of the industrial metals over the past month.. . .  Full story

Under fire Danske Bank faces fresh money laundering inquiry

20/09 Danske Bank faced a new Danish money laundering inquiry on Thursday as political anger spread over a scandal involving 200 billion euros ($234 billion) in payments, many of which were suspicious, through Estonia.. . .  Full story

Nestle aims to shed skin unit to focus on food, nutrition

20/09 Nestle put its skin health unit up for sale on Thursday, as the maker of Nescafe and Perrier water ditches underperforming businesses and fends off criticism from an activist investor demanding an overhaul.. . .  Full story

Major African central banks expected to hold rates steady

20/09 Africa's major central banks are likely to leave interest rates unchanged in the coming days, responding to challenges at home rather than coping with an emerging-market currency crisis, Reuters polls. . .  Full story

Rocket Internet preparing IPO for African online platform Jumia -sources

20/09 German start-up investor Rocket Internet is preparing its African online shopping platform Jumia for a possible New York listing in the first quarter of 2019 which could value the firm at. . .  Full story

Thyssenkrupp to keep on implementing steel JV with Tata-CEO

20/09 Thyssenkrupp's interim chief executive dismissed speculation that it would pull out of its steel joint venture with India's Tata Steel in the wake of management upheaval at the German industrial conglomerate.. . .  Full story

OPEC unlikely to agree official output increase in Algeria, but pressure mounts

20/09 OPEC and its allies are unlikely to agree an official increase in crude output when they meet in Algeria this weekend, although pressure is mounting on top producers to prevent a spike in oil. . .  Full story

Oman central bank's foreign assets fall to lowest since 2013

20/09 Oman's central bank released the following data on money supply and bank lending in July on Thursday, showing its foreign assets including bullion dropping to their lowest since 2013.. . .  Full story

Italian bond yields dip, risk sentiment offsets budget fears for now

20/09 Italian government bond yields fell on Thursday as improved risk sentiment in global markets allowed the market to recover some ground from the previous day's sharp sell-off.. . .  Full story

Saudi's ACWA Power delays plans for IPO - sources

20/09 Saudi Arabian utility developer ACWA Power <IPO-ACPO.SE> has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with the matter said on Thursday.. . .  Full story