24/09 Indian authorities sought to
calm markets on Monday but investors paid little heed as fears
that the non-banking financial sector is facing a credit crunch
hit domestic bonds, stocks and the rupee, adding to. . .
24/09 Andrey Shlyakhovoy, who
bought Russian state-controlled bank VTB's Serbian business in
July, has no plans to merge it with his Agrosoyuz bank, which is
subject to U.S. sanctions, a representative for the Russian
businessman said.. . .
24/09 Indonesian shares fell over 1 percent on
Monday amid ongoing presidential elections in Southeast Asia's
largest economy, while Singapore stocks came off a near 4-week
high to close slightly changed.
Indonesian. . .
24/09 Iraq, the second-largest OPEC
producer, is exporting close to 3.6 million barrels per day
(bpd) of crude from its southern oilfields, as OPEC and others
ramp up output to replace supply shortfalls from Iran. . .
24/09 China said on Monday it has
confirmed a new outbreak of African swine fever in the Inner
Mongolia Autonomous Region of northern China, as authorities
struggle to contain the highly contagious disease.. . .
24/09 Saudi's Aramco Trading
Company (ATC) expects to increase its oil trading volume to 6
million barrels per day (bpd) in 2020, 50 percent higher than
current levels, the company's top official said on Monday.. . .
24/09 Russian Energy Minister
Alexander Novak told Rossiya state TV that high oil prices are
not beneficial to anyone, after the OPEC and non-OPEC group of
oil-producing countries ruled out any immediate increase in
crude output.. . .
24/09 Hong Kong's main Hang Seng
index ended weaker on Monday led by a decline in Chinese
property stocks, snapping a four-session winning streak. Chinese
stock markets were shut for a holiday, while. . .
24/09 IMF managing director Christine
Lagarde has praised Egypt's economy saying it was showing
"strong signs of recovery" under a three-year reform plan, and
stressed the importance of structural reforms to achieve more
sustainable development.. . .
24/09 Hong Kong's main Hang Seng
index fell on Monday led by a fall in Chinese property
stocks in the local market. Chinese stock markets are on
holiday, while China's H-shares index also slid.
** By. . .
24/09 Aldar Investment Properties, a
fully owned subsidiary of Abu Dhabi's largest developer Aldar
Properties, started marketing on Monday seven-year
U.S. dollar-denominated sukuk with an initial price guidance set
in the high 100 basis points over. . .
24/09 Property developer China
Evergrande Group said it would pay some $2.1 billion
for a minority stake in Guanghui Group, becoming the
second-biggest shareholder in a company which has energy and
vehicle sales businesses.. . .
23/09 Kuwait's stock market fell on
Sunday, pausing after recent gains ahead of joining of the FTSE
Russell emerging market index this week, which is expected to
draw investment from passive funds.. . .
23/09 South Korea has bought no Iranian
crude oil for about three months after the reimposition of U.S.
sanctions on Tehran, a spokesman for the Iranian oil ministry
was quoted as saying on Sunday by. . .
23/09 Egypt's Orascom Investment
Holdings said it has been granted an exemption from the
United Nations to operate its Koryolink venture in North Korea,
sending shares up to the daily trading limit.. . .
23/09 Indian Prime Minister
Narendra Modi launched the world's biggest healthcare programme
on Sunday, aiming to provide free health services to half a
billion poor people, which could boost his chances in national
elections early next. . .
22/09 IL&FS Investment Managers, a
unit of India's Infrastructure Leasing & Financial Services
(IL&FS) which announced debt defaults this week, said on
Saturday its Managing Director Ramesh Bawa had resigned.. . .
21/09 Oil prices were up slightly in
heavy, seesaw trading on Friday, giving back most earlier gains
after news that major producers would consider additional supply
a day after U.S. President Donald Trump again blasted. . .
21/09 OPEC and other oil producers
are discussing the possibility of raising output by 500,000
barrels per day (bpd) to counter falling supply from Iran
because of U.S. sanctions, a source familiar with the
discussions told. . .
21/09 Discounts for gold
against official domestic prices in India widened to three-month
highs this week, even as an escalation in the trade dispute
between China and the United States triggered safe haven buying
in China,. . .
21/09 Six Chinese provinces have been
told to consider scrapping or retaining a property pre-sale
system that enabled developers to secure funds before project
completion, according to a housing ministry document seen by
Reuters.. . .
21/09 China on Friday placed one of
the country's most senior ethnic Uighur officials, head of the
energy administration and a former governor of the restive
region of Xinjiang, under investigation for suspected graft.. . .
21/09 Indian private sector
lender Yes Bank Ltd's shares tumbled nearly a third on
Friday, wiping as much as $3.1 billion off its market value,
after the central bank reduced charismatic CEO Rana Kapoor's
term, creating. . .
21/09 Philippine shares jumped 3.5 percent on
Friday, the most in 32 months, following a report that China
plans to reduce the average tariff rate on imports from most of
its trading partners as soon. . .
21/09 China may issue an additional 3
million to 4 million tonnes of permits for refined fuel exports
for 2018 to prevent state-owned refiners from having to slash
throughput rates, according to three sources briefed. . .
21/09 Japan's annual core consumer
inflation ticked up slightly in August but remained distant from
the central bank's 2 percent target, suggesting that monetary
policy will stay ultra-loose for the time being.. . .
21/09 China's stock markets surged
on Friday before a long holiday weekend, with investor sentiment
boosted by hopes that a government effort to boost domestic
demand could help offset effects of an escalating trade war.. . .
21/09 China's primary money rates
rose this week as demand for cash increased ahead of two
national holidays and regular corporate tax payments, and as a
high concentration of local government bond issuance tightened
overall liquidity.. . .
21/09 Japan's crude steel output rose
0.9 percent in August from a year earlier to 8.81 million
tonnes, an industry body said on Friday, reflecting a recovery
in production at mills located in areas that. . .
21/09 Business confidence among Japan's
big manufacturers was expected to have edged up in the three
months to September, although trade worries cloud the outlook, a
Reuters poll found ahead of the central bank's. . .
21/09 China stocks rose on Friday,
with consumer shares leading the gains, as investors expected
Beijing to help boost domestic consumption amid continued
uncertainty over global trade.
** At the midday break, the Shanghai Composite index. . .
21/09 Japan's Nikkei advanced to fresh
eight-month highs led by an upbeat Wall Street performance, with
commodity stocks rising as investors appeared to gravitate to
the view that the U.S.-China trade row would be less. . .
21/09 Maturing Chinese central bank reverse
bond repurchase agreements will drain 290 billion yuan ($42.42
billion) next week.
China's central bank said on Monday that it lent 265 billion
yuan to financial. . .
21/09 Some Asian economies running
large external surpluses, including Thailand and South Korea,
might be forced to tighten monetary policy soon as high
household debt poses a bigger financial risk than the U.S.
Federal Reserve's steady. . .
21/09 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. . .
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.. . .
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. . .
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. . .
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.. . .
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.. . .
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.. . .
20/09 Africa-focused private equity firm DPI has bought a majority stake in Moroccan irrigation company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for around $100 million, it said in. . .
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.. . .
20/09 Most Southeast Asian stock markets rose
on Thursday, in line with broader Asia on continued relief that
the recent tit-for-tat tariffs by the United States and China
were less harsh than feared.. . .
20/09 Oil exports from southern Iraq
are heading for a record high this month, two industry sources
said, adding to signs that OPEC's second-largest producer is
following through on a deal to raise supply and. . .
20/09 Two Samsung Group affiliates said
they are selling their entire stakes worth a combined $867
million in Samsung's de facto holding company, as South Korea's
biggest conglomerate faces government pressure to unwind group
cross-shareholdings.. . .
20/09 Turkey sharply cut its growth
forecasts for this year and next in its new medium-term economic
programme on Thursday, amid a deep currency crisis that has seen
the lira fall by 40 percent this. . .
20/09 Hong Kong stocks ended higher for a
third straight session on Thursday, helped by consumer and
technology shares, as sentiment improved after the Sino-U.S.
trade war unfolded in ways less damaging than feared.. . .
20/09 India's Chennai Petroleum
will stop processing Iranian crude oil from October to
keep its insurance coverage once new sanctions by the United
States against Iran go into effect, three sources familiar with
the issue said.. . .
20/09 Shares in China gave up ground
on Thursday after two days of gains, as investor sentiment
remained fragile following the latest volley of tariffs in the
Sino-U.S. trade war.
** At the close, the Shanghai. . .
20/09 China's steel demand will
remain firm despite the country's escalating trade war with the
United States, and any efforts by Washington to "sabotage" the
Chinese economy will not succeed, the head of China's steel
association. . .
20/09 Exports of Malaysian palm oil products for September 1 - 20 rose 79.2 percent
to 1,096,297 tonnes from 611,736 tonnes shipped during August 1 - 20, cargo surveyor Intertek Testing Services said. . .
20/09 Exports of Malaysian palm oil products for September 1 - 20 rose 72.7 percent
to 1,051,807 tonnes from 609,098 tonnes shipped during August 1 - 20, according to independent inspection company AmSpec. . .
20/09 South Korea's central bank warned
on Thursday that household debt was growing much faster than the
Organization for Economic Cooperation and Development average as
large mortgages and high rents drive up indebtedness.. . .
19/09 U.S. oil futures surged nearly
2 percent on Wednesday as they were bolstered by a fifth weekly
crude inventory drawdown and strong domestic gasoline demand
amid ongoing global supply concerns over U.S. sanctions. . .
19/09 Egypt's finance minister said on
Wednesday the government would evaluate the method of remaining
state company sales in January after five share offerings
planned before the end of this year.. . .
19/09 Egypt's stock market plunged to
its lowest close this year on Wednesday as liquidity tightened,
while most Gulf markets were little changed and Saudi Arabia
continued to rebound from six-month lows.. . .
19/09 Lebanon's currency is not in
danger and rumours about the economy are causing harm, President
Michel Aoun said on Wednesday, amid concern that a political
deadlock has blocked urgent reforms and left the heavily
indebted. . .
19/09 Emerging-market debt issuance is
on hold after a summer of volatility, with the market
effectively closed for borrowers like Turkey and Russia,
although Asian and Middle East issuers can still get their bonds
to market.. . .
19/09 Turkish house sales dropped
12.5 percent year-on-year in August to 105,154 and mortgaged
house sales tumbled by two thirds, data showed on Wednesday, as
expectation grows of a sharp economic slowdown in the second
half. . .
19/09 The government of Abu Dhabi is
looking at proposals to restructure some $1.2 billion of
troubled bonds that were issued by Abu Dhabi state-owned carrier
Etihad Airways in partnership with other airlines, sources
familiar with. . .
19/09 Japan's financial regulator plans
to check if the country's banks and other financial institutions
are prepared to deal with any impact from sharp swings in
emerging markets, sources with direct knowledge of the matter
told. . .
19/09 A push to expand subway
networks in some of China's biggest cities along with a drive to
boost broader infrastructure investment in the world's No.2
economy are helping brighten the outlook for the nation's
mammoth. . .
19/09 Most Southeast Asian stock markets rose
on Wednesday, tracking gains in broader Asia, as investors
shrugged off the latest round of tariff war between Washington
China will levy tariffs. . .
19/09 Hong Kong shares rose to a two-week high
on Wednesday, joining a broad rally in Asian markets, as
investors saw limited impact from an escalating Sino-U.S. trade
war, and bet on more stimulus from. . .
19/09 China's sow herd fell in August
by 4.8 percent from a year earlier, the country's State Council
said on its website on Wednesday citing data from the Ministry
of Agriculture and Rural Affairs, the. . .
19/09 U.S.-based Firestone Natural Rubber has reduced production at its rubber wood factory in Liberia and is laying off 75 staff, the latest blow to the world's largest natural rubber plantation and. . .
19/09 China stocks rebounded
strongly for the second straight day on Wednesday as investors
piled into property and consumer stocks, betting Beijing will
intensify stimulus measures to cushion the impact of an
escalation in the Sino-U.S.. . .
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