News Wire

China sells diesel to South Africa as refiners seek new export markets

20/08 State-run oil company Sinopec is selling diesel as far afield as South Africa as China's refiners seek homes for their surplus fuel in the latest sign of troubles in the domestic refining business.  Full story

Venezuela cuts five zeros from currency as economic plan sows confusion

20/08 Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push. . .  Full story

U.S. offers 11 mln barrels of oil for sale from strategic reserve

20/08 The U.S. Department of Energy (DOE) is offering 11 million barrels of oil for sale from the nation's Strategic Petroleum Reserve (SPR) ahead of sanctions on Iran that are expected to reduce global supplies. . .  Full story

Oil gains on easing trade war concerns, sanctions on Iran

20/08 Oil futures rose on Monday after weeks of declines, as investors grew more concerned about an expected fall in supply from Iran due to U.S. sanctions and worried less that a trade war between. . .  Full story

ConocoPhillips, Venezuela's PDVSA reach $2 bln settlement

20/08 U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2-billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key. . .  Full story

Cautious optimism for U.S.-China trade talks lifts shares

20/08 A gauge of global equity markets rose on Monday on hopes for U.S.-China trade talks scheduled this week, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were. . .  Full story

Wall St rises on trade talk optimism

20/08 The S&P 500 and Dow Industrials rose on Monday on optimism over trade talks between the United States and China, while the Nasdaq edged upward as technology stocks pared losses.. . .  Full story

U.S. firms warn next China tariffs to cost Americans from cradle to grave

20/08 U.S. businesses have a message for the Trump administration: New tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to first. . .  Full story

Yields at six-week lows with Fed in focus

20/08 U.S. Treasury yields fell to six-week lows on Monday as investors waited on minutes from the Federal Reserve's August meeting on Wednesday and a speech by Fed Chairman Jerome Powell on Friday.. . .  Full story

U.S. health secretary says agency can eliminate drug rebates

20/08 U.S. Health and Human Services Secretary Alex Azar said it was within his agency's power to eliminate rebates on prescription drug purchases, a key element of the Trump administration's plan to lower prescription medicine costs.. . .  Full story

Wheat eases on ideas of Russian exports, long liquidation

20/08 U.S. wheat futures fell about 3 percent on Monday on expectations of a pick-up in Russian wheat exports in the next few months, while soybeans clung to modest advances, traders said.. . .  Full story

Fed's Bostic still expects one more rate increase in 2018

20/08 Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is maintaining his expectation for one more interest rate hike this year, as trade tensions and international events add some downside risk to an. . .  Full story

Gold climbs higher as trade talks lift China's yuan

20/08 Gold prices inched higher on Monday after touching a more than 1-1/2 year low last week as China's strengthening currency made the metal cheaper for buyers in the world's biggest gold consumer.. . .  Full story

Sky expects to pay advisers on Fox deal up to $123.7 million in fees

20/08 Sky said on Monday that it expected to pay its advisers between 90 million pounds and 97 million pounds ($123.7 million) if Twenty-First Century Fox succeeds with its takeover of the British broadcaster.. . .  Full story

Fed's Bostic expects one more interest rate hike in 2018

20/08 Atlanta Federal Reserve Bank President Raphael Bostic said on Monday he is sticking with his expectation of one further interest rate increase this year as recent global events add some downside risk to a. . .  Full story

Venezuela business group decries Maduro measures as improvised and risky

20/08 Venezuela's main business group said on Monday that socialist President Nicolas Maduro's raft of economic measures, which include a 96 percent devaluation, are not well-planned and could cause severe harm to the crisis-wrought OPEC member. (Reporting. . .  Full story

No comment from Spain on impact of Genoa bridge disaster on Abertis deal

20/08 Spain's Public Works Ministry declined to comment on Monday on whether the motorway bridge collapse in Genoa would affect a deal between Spanish company ACS and Atlantia, whose subsidiary manages the bridge.. . .  Full story

Copper rises on hopes of U.S.-China trade progress

20/08 Copper edged higher on Monday, bouncing back from its third straight week of losses in a sign of market optimism over planned trade talks between China and the United States and a view that. . .  Full story

-European shares gain on optimism over U.S.-China trade row

20/08 Hopes that the United States and China might find a compromise to resolve their trade dispute lifted European shares on Monday, while Turkey's currency crisis showed no immediate sign of worsening.. . .  Full story

Citing Genoa bridge, Italian official doesn't rule out 2019 deficit breach

20/08 A top Italian government official on Monday declined to rule out that next year's budget deficit could be above the EU ceiling, linking the issue to last week's collapse of a motorway bridge.. . .  Full story

-China Biologic gets $3.9 bln offer from former CEO-led consortium

20/08 China Biologic Products Holdings Inc on Monday received a $3.9 billion all-cash offer from a consortium of investment firms led by the company's former chief executive David Gao.. . .  Full story

Dollar seesaws on Turkey fears ahead of U.S.-China trade talks

20/08 The dollar reversed gains on Monday as concerns eased about possible contagion effects of Turkey's currency crisis, though growing optimism over upcoming U.S.-China trade talks provided a floor for the greenback.. . .  Full story

Sweden calls for nuclear reactors to be shielded from hot weather

20/08 Sweden's nuclear energy regulator SSM has asked plant operators to produce plans in the coming months to shield their reactors from harmful hot weather, its director told Reuters on Monday.. . .  Full story

Miners drive FTSE 100 up while weak results sink Mulberry

20/08 Strong mining stocks helped boost Britain's FTSE 100 on Monday, leaving last week's four-month lows behind as optimism over U.S.-China trade talks and Turkey buoyed markets, while luxury handbag maker Mulberry sank after results.. . .  Full story

Pound steadies but Brexit talks dim outlook

20/08 Sterling steadied on Monday but was still near 14-month lows reached last week on concerns about forthcoming talks that may decide whether Britain gets a trade deal with the EU before it quits the. . .  Full story

PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream deal

20/08 PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market.. . .  Full story

Turkey initiates WTO dispute complaint over additional U.S. tariffs

20/08 Turkey has initiated a dispute complaint with the World Trade Organisation against additional tariffs imposed by the United States on Turkish steel and aluminium imports, the WTO said on Monday.. . .  Full story

Iran tells EU to speed up efforts to save nuclear deal

20/08 Iran urged Europe on Monday to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that U.S. President Donald Trump abandoned in May, saying French oil group Total has. . .  Full story

Brazil currency leads losses after presidential poll

20/08 The Brazilian real led losses among Latin American currencies on Monday after an opinion poll showed the market's preferred candidate in October's presidential elections lagging far behind his rivals. Geraldo Alckmin,. . .  Full story

Total tells Iran it's quitting South Pars gas project

20/08 French oil and gas major Total confirmed on Monday that it had notified the Iranian authorities of its withdrawal from the multibillion dollar South Pars gas project after it failed to obtain a waiver. . .  Full story

Investors hold on to German debt as Turkey questions linger

20/08 German government bond yields hovered near one-month lows on Monday as investors held on to one of the safest assets in the world given the uncertainty around Turkey's currency crisis and what implications it. . .  Full story

Farfetch targets New York listing as luxury web sales thrive

20/08 Online fashion retailer Farfetch <IPO-FAR.L> aims to float on the New York Stock Exchange by the end of the year, the London-based company said on Monday, seeking to capitalise on rapid growth in luxury. . .  Full story

StanChart sells principal finance business to Actis and ICG

20/08 Standard Chartered is in talks to sell its private equity business to Intermediate Capital Group (ICG), a source with direct knowledge of the deal said on Monday, as part of a broader disposal of. . .  Full story

China defies U.S. pressure as EU parts ways with Iranian oil

20/08 China, seeking to skirt U.S. sanctions, will use oil tankers from Iran for its purchases of that country's crude, throwing Tehran a lifeline while European companies such as France's Total are walking away due to. . .  Full story

Linde, Praxair get EU approval for $82 bln deal, await U.S. decision

20/08 German industrial gases group Linde and U.S. rival Praxair secured conditional EU antitrust approval on Monday for their $82 billion merger but still have to clear a major hurdle with U.S. enforcers.. . .  Full story

Russian traders may speed up grain exports amid risks of curbs

20/08 Russian exporters may step up grain shipments in the next few months in anticipation that the government could put curbs on exports sometime after December, traders said.. . .  Full story

Tesla nears 3-month low as JPMorgan adds to deal doubts

20/08 Tesla Inc shares fell nearly 4 percent on Monday as a $113 cut in JPMorgan Chase's price target for the electric carmaker added to growing doubts among market players about a plan to take. . .  Full story

TSX edges higher as rising metal prices lift materials stocks

20/08 Canada's main stock index rose on Monday as rising metal prices led to gains in material stocks, with hopes of resolution in the U.S.-China trade dispute boosting the sentiment.. . .  Full story

Bulgaria's top prosecutor orders probe of regulator over insurer

20/08 Bulgaria's chief prosecutor ordered the country's main intelligence agency on Monday to investigate financial regulator KFN's oversight of the Bulgarian branch of Cyprus-based Olympic Insurance Company Ltd, after the firm was placed in liquidation.. . .  Full story

Argentina's Macri to report Venezuela to ICC over human rights

20/08 Argentina's President Mauricio Macri plans to report Venezuela's government to the International Criminal Court at The Hague for alleged crimes against humanity, according to an interview broadcast on CNN's Spanish service on Sunday night.. . .  Full story

Genoa bridge disaster sharpens focus on Benetton strategy shift

20/08 A world away from the brightly coloured knitwear that made the family name, what had looked an inspired move into infrastructure by Italy's Benettons faces increased scrutiny after this month's Genoa motorway bridge disaster.. . .  Full story

C$ softer as muted risk appetite supports the greenback

20/08 The Canadian dollar edged lower against its U.S. counterpart on Monday, as lingering worries about an economic crisis in Turkey spreading to other emerging market countries provided support to the greenback.. . .  Full story

TSX flat at open as energy shares drag

20/08 Canada's main stock index opened flat on Monday as weakness in energy shares offset gains in materials sector, which was supported by higher gold prices.. . .  Full story

South Africa's Impala Platinum flags wider full-year loss

20/08 South African producer Impala Platinum (Implats) said on Monday that it expects its full-year loss to widen due to impairments relating to its Rustenburg assets.. . .  Full story

Sri Lankan shares fall for 7th session in thin trade

20/08 Sri Lankan shares extended losses into a seventh session on Monday and posted their lowest close in nearly seven weeks, as foreign investors continued to reduce their holdings, while confusion over new tax measures weighed. . .  Full story

Anthem ties-up with Walmart for over-the-counter drugs

20/08 Anthem Inc said on Monday it has partnered with Walmart Inc to launch a program in January 2019 that will allow its Medicare Advantage plan customers to purchase over-the-counter medications from the retailer's stores and. . .  Full story

Nissan to boost China production capacity by 40 pct, source says

20/08 Japan's Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 - part of a 60 billion yuan ($8.73 billion) strategy to become a. . .  Full story

Bull market beliefs: Stock experts differ on market cycles

20/08 As Wall Street prepares on Wednesday to celebrate the current U.S. bull stock market becoming the longest in history, some investors are keeping corks in their champagne bottles.. . .  Full story

With record in view, aging U.S. bull market may still be frisky

20/08 Why settle for nine-and-a-half years when you can do an even 10 or better? That’s the thinking of a lot of investors measuring whether a historically long run in U.S. stocks still has legs.. . .  Full story

Thyssenkrupp needs a new chairman by September, investors say

20/08 Thyssenkrupp should come up with a candidate for the vacant post of chairman by no later than September, two investor sources said, concerned that a lengthy search might further delay restructuring efforts at the German. . .  Full story

Greece ends bailout odyssey but Athens not in festive mood

20/08 Greece emerged from the biggest bailout in economic history on Monday after nine years of creditor-mandated austerity, with European institutions hailing the exit a success but jaded Greeks finding little reason to celebrate.. . .  Full story

Sri Lankan rupee hits all-time low on importer dollar demand

20/08 The Sri Lankan rupee touched a record low on Monday as importer dollar demand, foreign outflows and government securities weighed on the currency, dealers said.. . .  Full story

Dates for reported China-U.S. trade talks corrected

20/08 References in Reuters stories that the Wall Street Journal had reported U.S.-China trade talks will take place on Aug 21 and 22 are incorrect. The Wall Street Journal had reported that the talks will. . .  Full story

India's surging coal imports driven by captive power users: Russell

20/08 India's coal imports appear headed for another strong month in August, raising the question as to why the usually cost-sensitive market hasn't scaled back purchases given a surge in prices to the highest in nearly. . .  Full story

China Vanke posts record first-half profit on strong sales

20/08 China Vanke Co , the country's No.3 property developer by sales, reported record first-half profit on Monday, buoyed by strong contract sales.. . .  Full story

Bullish oil bets fall to 11-month low: Kemp

20/08 Hedge funds have cut their bullish position in crude oil and refined fuels to the lowest level for almost a year, as fund managers continued to close out former long positions.. . .  Full story

China says will keep providing aid to Pacific for sustainable development

20/08 China will continue to provide aid to Tonga and other countries in the Pacific to help them achieve sustainable development, China's Foreign Ministry said on Monday, amid a mounting debt problem in the region.. . .  Full story

Pest attack, scanty rains to dent India cotton exports -trade body head

20/08 India is likely to export 7 million bales of cotton in 2018/19, down 30 percent from an earlier estimate, as scanty rainfall and an attack of pink bollworms are likely to squeeze crop yields,. . .  Full story

Germany to trump Japan again with world's largest c/a surplus - Ifo

20/08 Germany's current account surplus is set to remain the world's largest this year despite increased trade tensions, the Ifo institute said on Monday, in an estimate likely to renew criticism of Chancellor Angela Merkel's. . .  Full story

Heatwaves, rains may become more severe as weather stalls-study

20/08 Scorching summer heatwaves and downpours are set to become more extreme in the northern hemisphere as global warming makes weather patterns linger longer in the same place, scientists said on Monday.. . .  Full story

Taiwan's July export orders show solid growth on tech demand

20/08 Taiwan's export orders grew faster than expected in July, thanks to still-solid demand for electronic gadgets despite worries about global growth because of the trade disputes between the United States and China.. . .  Full story

EU's Moscovici says Greece on way to sustainable recovery

20/08 A slew of austerity measures undertaken by Greece as part of its bailout will lay the basis for the country's sustainable recovery, European Economics Commissioner Pierre Moscovici said on Monday as Greece exited the last. . .  Full story

Turkey a reminder of why wider emerging market risk is high: McGeever

20/08 Turkey is at the heart of the turmoil now sweeping through emerging markets. But it's merely a symptom of the troubles, not the cause, and investors would do well to remember that crisis could. . .  Full story

SE Asia Stocks-Most markets rise; Indonesia jumps nearly 2 pct

20/08 Most Southeast Asian stock markets rose in line with broader Asia on Monday as investors cheered planned Sino-U.S. trade talks, while Philippine shares fell over 1 percent on continued selling by foreign investors.. . .  Full story

Chinese investors protest in Shanghai's financial district over P2P woes

20/08 Investors in Chinese online peer-to-peer (P2P) lending platform PPMiao protested at the offices of one of the company's shareholders in Shanghai's financial district on Monday, in the latest manifestation of problems facing the industry.. . .  Full story

China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources

20/08 Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic. . .  Full story

-China, U.S. to hold lower-level trade talks in late August

20/08 China and the United States will hold lower-level trade talks this month, the two governments said on Thursday, offering hope that they might resolve an escalating tariff war that threatens to engulf all trade. . .  Full story

Britain's Mulberry warns on profit from House of Fraser

20/08 British luxury bag maker Mulberry said on Monday it would take a 3 million pound ($3.8 million) hit from the collapse of House of Fraser, adding to the toll it faces from tough conditions. . .  Full story

Ethiopian Airlines, Zambia to relaunch national airline at cost of $30 million

20/08 Ethiopian Airlines has signed a shareholding agreement with Zambia's main develoment agency to relaunch the southern African country's flag carrier at an initial cost of $30 million.. . .  Full story

Iran says France's Total has officially left South Pars deal - TV

20/08 Iran's oil minister said on Monday that France's Total has officially left Iran after the United States threatened to impose sanctions on companies that do business in the country, Iranian state TV reported.. . .  Full story

Autostrade says has 15 days to provide defence of its conduct over Genoa bridge

20/08 Atlantia's unit Autostrade per l'Italia says:. . .  Full story

China's Sany Group plans $2 bln spin-off, taps PE firms -sources

20/08 China's leading heavy machinery maker Sany Group plans to spin off four business units and is looking to rope in private equity (PE) firms as investors for the deal that could fetch a total. . .  Full story

Australia weakens commitment to climate accord after government fractures

20/08 Australian Prime Minister Malcolm Turnbull on Monday stripped requirements for reducing greenhouse emissions from his centrepiece energy policy in the face of political opposition, although the country remains a signatory to the Paris Agreement.. . .  Full story

Premier Oil approves Tolmount gas project in UK North Sea

20/08 Premier Oil will press ahead with the development of the Tolmount gas field in Britain's North Sea, which is expected to produce around 500 billion cubic feet (bcf) of gas from late 2020.. . .  Full story

Lira falls after ratings cut, shots fired at U.S. embassy

20/08 The Turkish lira fell on Monday after S&P Global and Moody's downgraded the country's sovereign credit rating further into junk territory and shots were fired at the U.S. embassy in Ankara, while emerging stocks. . .  Full story

HK shares rise, led by IT, resources shares as risk appetite improves

20/08 Hong Kong shares rebounded on Monday, led by IT and resources shares, as a stabilizing yuan and optimism over Sino-U.S. trade talks improved risk appetite.. . .  Full story

Pound falls as focus turns to Brexit

20/08 Sterling fell on Monday as the dollar rebounded and investors shifted their focus to impending talks that may decide whether Britain gets a trade deal with the European Union before it quits the bloc.. . .  Full story

UK households upbeat about their income, worried over Brexit

20/08 British households are the most upbeat about their finances since early 2015, buoyed by near-record employment, but the approach of Brexit and concerns about inflation are making them worry more about the future, a survey. . .  Full story

Titanium miner Kenmare's H1 profit surges on stronger Chinese demand

20/08 Titanium minerals miner Kenmare Resources Plc said on Monday pretax profit for the first half of the year jumped nearly three-fold, as it shipped more finished products to China and other Asian markets.. . .  Full story

Taiwan Q2 current account surplus at $17.82 bln

20/08 Taiwan's second-quarter balance of payments data, released by the central bank on Monday. Figures are in billions of U.S. dollars.. . .  Full story

Mahathir says China will sympathise with Malaysia's problems

20/08 Malaysian Prime Minister Mahathir Mohamad said on Monday he believed China would sympathise with his country's "internal fiscal problems" as he seeks to renegotiate, or possibly cancel, more than $20 billion in Chinese-funded projects.. . .  Full story

Bangladesh starts operations at country's first LNG terminal

20/08 Bangladesh has started operations at the country's first liquefied natural gas (LNG) terminal, the country's energy minister said on Monday, following delays related to technical problems and bad weather.. . .  Full story

China stocks end higher as report of regulator meeting lifts sentiment

20/08 Shanghai stocks recovered from a 2-1/2-year low to close higher on Monday after a report that China's securities regulators summoned brokerage analysts for views on the market improved investor sentiment.. . .  Full story

Thailand can't buck global policy tightening trend - c.bank chief

20/08 Thailand cannot buck global policy tightening trend but any interest rate hike will be gradual, its central bank governor said on Monday.. . .  Full story

Shares in Italy's Atlantia indicated down in pre-open trade

20/08 Shares in Italy's infrastructure group Atlantia failed to open on Monday morning, after falling 22.5 percent last week following the collapse of a motorway bridge in the Italian port city of Genoa last week.. . .  Full story

Sri Lanka's July tea output down 7.3 pct y/y

20/08 Sri Lanka's tea output fell 7.3 percent in July from a year earlier, the state-run Tea Board said on Monday, and brokers attributed the fall to adverse weather conditions. "There. . .  Full story

Countrywide backs off new pay plan for directors

20/08 Countrywide has abandoned plans to revamp its incentive package for directors after meetings with top investors aimed at propping up the company with 140 million pounds in new equity.. . .  Full story

Georgia's top retail lender TBC Bank profit jumps

20/08 Georgia's TBC Bank Group Plc posted a 25.2 percent rise in half-year pretax profit on Monday, as lending grew on the back of stronger economic growth in the former Soviet republic.. . .  Full story

EM ASIA FX-Chinese yuan, Indian rupee lead gains as risk appetite returns

20/08 Most Asian currencies started the week on a high note after news of impending lower-level trade talks between the United States and China returned risk appetite to regional markets. China's yuan. . .  Full story

Brexit vote could "in theory" be reversed - EU minister Moscovici

20/08 Britain's vote to leave the European Union could "in theory" be reversed although there is a still a strong probability it will go ahead, said the European Commissioner for Economic and Financial Affairs Pierre. . .  Full story

Japanese stocks ease, investors await U.S.-China talks

20/08 Japan's Nikkei fell on Monday as chip-related stocks weakened, tracking their U.S. peers's declines on Friday, while trading was thin as investors awaited developments from trade talks expected between the United States and China this. . .  Full story

S.Korean stocks, won edge up on optimism over U.S.-China talks

20/08 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index and the won edged higher on Monday as proposed trade talks between the United States and China improved investor sentiment. Korean bond yields fell. **. . .  Full story

Australian shares edge up; NZ at record closing high

20/08 Australian shares inched up on Monday, as cautious outlook from retailer Woolworths Group and rubber products maker Ansell offset gains from materials stocks, which were buoyed by upcoming trade talks between U.S. and Chinese officials.. . .  Full story

South Africa's Sasol FY profit drops as power outages hit production

20/08 South African petrochemicals group Sasol said on Monday full-year profit dropped 6 percent, pulled down by interruptions to production, a stronger rand and employee share-based payment expenses.. . .  Full story

Rocket Internet says CFO Kimpel has resigned

20/08 Rocket Internet's finance chief Peter Kimpel had resigned to pursue a new management challenge, the German company said in a statement on Monday.. . .  Full story

U.S. energy group Hess Corp's SE Asia assets attract bid interest -sources

20/08 The Southeast Asian offshore natural gas assets of U.S. oil and gas producer Hess Corp , estimated to be worth as much as $5 billion, have attracted takeover interest from firms including Thailand's PTTEP PCL. . .  Full story

Breakdown of Thai Q2 GDP growth data by sector

20/08 Thailand's economy grew at a slower pace in April-June than the first three months of the year as tourism decelerated. In the second quarter, there was growth of 1.0 percent. . .  Full story

JGBs little changed in subdued trade; 2, 5 and 40-yr cash bonds untraded

20/08 Japanese government bond prices were little changed on Monday, as a wait-and-see mood prevailed ahead of proposed Sino-U.S. trade talks and the Federal Reserve's Jackson Hole meeting coming up later this week.. . .  Full story

Malaysia's Aug 1 - 20 palm oil exports fall 10.6 pct -AmSpec Agri

20/08 Exports of Malaysian palm oil products for August 1 - 20 fell 10.6 percent to 609,098 tonnes from 681,178 tonnes shipped during July 1 - 20, according to independent inspection company AmSpec. . .  Full story

China's yuan rebounds after 10-weeks of declines as Sino-U.S. trade talks ease fears

20/08 China's yuan hit a 10-day high against the dollar on Monday, following a firmer fixing by the central bank and as immediate worries about global trade receded, taking some of the shine off the. . .  Full story

China, Hong Kong stocks firm with yuan; investors await Sino-U.S. talks

20/08 China and Hong Kong stocks firmed on Monday, tracking other Asian markets, as investors awaited developments on planned Sino-U.S. trade talks and the Chinese yuan moved away from recent lows. ** The CSI300 index was. . .  Full story

-Thai Q2 GDP growth pace slows, but govt keeps 2018 target

20/08 Thailand's economy expanded at a slower pace in April-June and tourism decelerated, but the state planning agency kept its 2018 growth forecast at 4.2-4.7 percent and raised its projection for export gains.. . .  Full story

Australia dollar benefits from planned Sino-U.S. trade talks

20/08 The Australian and New Zealand dollars hovered near 1-1/2 week highs on Monday as planned Sino-U.S. trade talks spurred hopes that tensions between the giants may soon ease.. . .  Full story

Australia shares rise on hopes of smoother global trade; NZ up

20/08 Australian shares rose on Monday, taking heart from an impending meeting of American and Chinese officials over their countries' market-roiling trade duel, but gains were tempered by outlooks from retailer Woolworths Group and rubber products. . .  Full story