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Thai July headline CPI drops 0.98% y/y, smaller fall than forecast

07h53 Thailand's headline consumer price index (CPI) fell a smaller than expected 0.98% in July from a year earlier as food prices increased and domestic activity resumed after the easing of coronavirus curbs, the commerce ministry said on Thursday.  Full story

TIM will stick to grid stake sale even if single network merger fails

05/08 Telecom Italia (TIM) will stick to its plan to sell a minority stake in its last-mile grid even if a broader deal to create a single broadband network fails to materialise by the end of August, the head of Italy's biggest phone group said.  Full story

 

SA Business

South Africa's MTN to exit Middle East to focus on Africa

14h44 South African mobile operator MTN Group will exit the Middle East in the medium term, it said on Thursday, starting with the sale of its 75% stake in MTN Syria, as. . .  Full story

Miners need more engineers to meet new tailings dam safety standard

09h59 Mining companies need more skilled engineers if they are to meet strict new global safety standards for tailings dams aimed at preventing catastrophic failures like those in recent years that have. . .  Full story

South Africa's rand weaker in tentative trade

09h44 South Africa's rand weakened early on Thursday, remaining near two-months lows, as investors continued to worry about the chances of a global economic recovery.. . .  Full story
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SA Company

Shoprite lifted by sales jump and potential Nigeria exit

03/08 Shoprite Holdings could become the latest South African retailer to retreat from other African markets after it said on Monday that it is considering reducing or selling all of its stake in its Nigerian subsidiary.. . .  Full story

Anglogold Ashanti CEO to step down on Sept. 1

30/07 Gold miner AngloGold Ashanti's chief executive Kelvin Dushnisky will step down on Sept. 1, the company said on Thursday, without giving a reason for the change in leadership.. . .  Full story

Sasol expects delay in last unit in U.S. project to come onstream

23/07 South Africa's Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance.. . .  Full story
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Live News Wire

Modern driver-assistance technology 'far from reliable' -AAA study

18h19 Advanced driver assistance technology automating steering and braking in a growing number of vehicles is not providing reliable safety benefits, a new study by the American Automobile Association showed on Thursday.  Full story

IMF says exploring ways to aid Lebanon, calls for movement on reforms

18h18 The International Monetary Fund (IMF) said on Thursday it was exploring all possible ways to support the Lebanese people following the powerful port warehouse explosion that rocked Beirut, while urging authorities to move on reforms.  Full story

Stocks, yields slip as investors wait for U.S. stimulus

18h15 Global equity markets slipped and bond yields fell on Thursday as investors awaited an agreement on a U.S. aid package to mitigate the fallout from the coronavirus crisis, with poor corporate earnings reports also weighing on European shares.  Full story
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Europe

Glencore tumble weighs on FTSE 100; BoE sees longer recovery period

18h11 London-listed shares broke a three-day winning run on Thursday as commodities giant Glencore tumbled after scrapping its dividend to pay down debt, while the Bank of England forecast a slower-than-expected rebound from the COVID-19 pandemic.. . .  Full story

Copper drifts lower as surplus looms

18h04 Copper prices drifted lower on Thursday as investors questioned whether demand would improve enough to extend a rally beyond two-year highs reached last month.. . .  Full story

ECB purchases push Greek 10-year bond yields to record low

17h39 Greek 10-year government bond yields fell to record lows on Thursday as a sharp rally spurred on by the fast-paced purchase of the country's debt by the European Central Bank kept pace with investors. . .  Full story
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US

Davidson Kempner says again it will not be tendering Qiagen shares

18h06 Hedge fund Davidson Kempner said again on Thursday it will not be tendering its shares in Qiagen , days after Thermo Fisher Scientific said its offer to buy the German genetic test maker expires. . .  Full story

Quicken Loans parent shares jump after New York debut

18h02 Shares of Rocket Companies Inc rose 10% following their New York debut on Thursday, after the parent company of U.S. mortgage lender Quicken Loans sold shares to investors in its $1.8 billion initial public. . .  Full story

Wall St struggles for direction as Congress wrangles over stimulus

17h55 Major U.S. stock averages treaded water on Thursday as investors awaited a new fiscal aid package to prop up the country's economy, with data showing 31.3 million Americans were receiving unemployment checks in mid-July.. . .  Full story
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Asia

Container ships sent to Tripoli to keep Lebanon supply lines running

16h57 Leading container lines are diverting ships to Lebanon's smaller terminal of Tripoli after the devastating explosion at Beirut's port that killed 145 people also paralysed vital trade.. . .  Full story

China central bank to allow Baoshang to file for bankruptcy

16h23 China's central bank said on Thursday it would allow the old Baoshang Bank to file for bankruptcy and would liquidate any remaining assets, the latest cleanup move linked to the country's first bank seizure. . .  Full story

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

14h48 Toyota Motor Corp eked out its smallest quarterly profit in nine years as the coronavirus pandemic halved its car sales and nearly wiped out its bottom line.. . .  Full story
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Forex

CEE MARKETS-Crown rally reverses as central bank holds rates in place

17h34 The Czech crown retreated from a multi-month high on Thursday after the central bank held interest rates steady and signalled stability at least until mid-2021, stalling the currency's advance. Other central. . .  Full story

Dollar strengthens, bounces around after jobless claims

17h17 The dollar rose on Thursday, bouncing back from recent weakness after U.S. data showed fewer Americans sought jobless benefits last week. The dollar index briefly pared gains before gaining ground following. . .  Full story

Czech central bank sees stable rates over next year amid slower recovery

17h03 The Czech National Bank kept interest rates unchanged on Thursday and signalled they were likely to stay on hold until at least mid-2021 after a series of deep cuts to borrowing costs to try. . .  Full story
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Africa

Nigeria's Access Bank buys loss-making Zambian Cavmont

16h22 The Zambian subsidiary of Nigeria's Access Bank has agreed to buy Cavmont Capital Holdings, the Zambian arm of Namibian financial services group Capricorn, for a nominal fee of 1 kwacha ($0.0014),. . .  Full story

Telkom Kenya says no longer pursuing joint venture with Airtel Kenya -statement

05/08 Telkom Kenya said on Wednesday it was no longer pursuing a proposed joint venture transaction with the Kenyan unit of India's Bharti Airtel.. . .  Full story

Kenya private sector expands at strongest level in a year - PMI

05/08 Activity in Kenya's private sector rose at its fastest pace in a year last month on the back of a gradual easing of coronavirus lockdown measures, a survey showed on Wednesday.. . .  Full story
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