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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. . .  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. . .  Full story

Most Read Yesterday

Italy's TIM postpones decision over network stake sale at govt request

04/08 Telecom Italia (TIM) has postponed to Aug. 31 a decision on the sale of a minority stake in its last-mile grid to U.S. investment firm KKR on a government request to negotiate a deal. . .  Full story

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Shoprite hit by challenges in Africa's frontier markets

26/02 Africa's largest supermarket group Shoprite reported on Tuesday its first half-year earnings decline in over a decade, hit by a currency devaluation in Angola, highlighting the challenges of doing business in frontier African markets.. . .  Full story

Novartis trims sales outlook after hit from COVID disruptions

21/07 Novartis CEO Vas Narasimhan cut the Swiss drugmaker's 2020 sales forecast on Tuesday after COVID-19 disruptions that kept patients from visiting their doctor or hospital hit the company's second-quarter revenue.. . .  Full story

European stocks hit over 4-month highs after EU recovery fund sealed

21/07 European shares closed above four-month highs on Tuesday, with Germany's blue-chip DAX erasing almost all its losses for the year, after EU leaders agreed on a landmark stimulus package to revive the bloc's economies. . .  Full story

Euro nears 2-year high; Aussie, Kiwi up as risk appetite grows

22/07 The euro strengthened to its highest in nearly two years against the dollar, while commodity currencies gained as risk-on moves continue in the wake of a fiscal stimulus deal reached by European Union. . .  Full story

U.S. opens probe of phosphate fertilizer imports from Morocco, Russia

17/07 The U.S. Commerce Department said on Friday it had opened an investigation into whether producers of phosphate fertilizers in Morocco and Russia are receiving unfair subsidies.. . .  Full story

Copper gains on EU stimulus deal and coronavirus vaccine hopes

21/07 Copper prices climbed on investor hopes for a recovery in metals demand and the global economy after European Union leaders agreed a massive stimulus plan and positive news emerged about a coronavirus vaccine trial.. . .  Full story

Intesa secures full control in takeover battle for UBI

28/07 Italy's Intesa Sanpaolo on Tuesday scored a complete victory in its takeover battle for UBI Banca, securing the two-thirds majority it needs to absorb the smaller rival and reap the biggest benefits from the deal.. . .  Full story

Oil falls as U.S. posts surprise rise in crude inventories

22/07 Oil prices fell on Wednesday as U.S. government data showed a surprise rise in U.S. crude inventories, and as tensions escalated between the United States and China.. . .  Full story

Google backs Reliance's Jio Platforms with $4.5 bln India investment

15/07 Alphabet Inc's Google will invest $4.5 billion in Reliance Industries' digital unit, the Indian group said on Wednesday as it laid out an ambitious roadmap for its businesses ranging from entertainment to retail.. . .  Full story

G4S plans more than 1,100 job cuts at cash-handling business

13/07 Private security company G4S could axe 1,150 jobs at its UK cash business as it grapples with an increased shift to digital payments triggered by Britain's coronavirus lockdown.. . .  Full story

Wall Street ends choppy session higher on mixed earnings, U.S. stimulus debate

22/07 Wall Street ended higher on Wednesday after a see-saw session as investors digested mixed quarterly results and contentious stimulus negotiations in Washington.. . .  Full story

German economy minister to speak to parliamentary committee about Wirecard

21/07 Economy Minister Peter Altmaier said he would attend an extraordinary meeting of the German parliament's finance committee on the Wirecard scandal on Wednesday next week and provide full information.. . .  Full story

European stocks in reverse as U.S.-China tensions spike

22/07 European shares slid on Wednesday as escalating U.S.-China tensions and a surge in coronavirus cases dented sentiment after an EU-wide debt deal sent the region's markets to four-month highs in the previous session.. . .  Full story

Oil prices up on virus vaccine hopes, EU stimulus deal

21/07 Oil prices rose about $1 a barrel on Tuesday, hitting the highest level in more than four months with a boost from a European Union stimulus deal and hopeful news about coronavirus vaccine trials.. . .  Full story

EU virus deal sends Euro to 1-1/2 year high vs dollar

21/07 The euro on Tuesday scaled to its highest against the U.S. dollar since January 2019, after European Union countries reached an accord on a massive stimulus plan to revive their economies that have. . .  Full story

Ackman-backed blank check company's units rise in NYSE debut

22/07 Pershing Square Tontine Holdings Ltd units rose 5.5% in their debut on Wednesday after the company backed by billionaire investor William Ackman raised $4 billion in the biggest IPO by a special purpose acquisition firm.. . .  Full story

India's Reliance to load Venezuelan oil cargo under fuel swap deal - sources

10/07 India's Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is permitted under the U.S. sanctions regime on. . .  Full story

Sasol to sell world's biggest oxygen production site to Air Liquide

29/07 Sasol has agreed to sell the world's biggest oxygen production site in Secunda, South Africa, to France's Air Liquide for about 8.5 billion rand ($515 million), as it sheds assets to. . .  Full story

South Africa has not committed to fund SAA rescue plan, finmin says

21/07 The South African government has not committed to fund a restructuring plan for struggling South African Airways (SAA), Finance Minister Tito Mboweni said in court papers seen by Reuters on Tuesday.. . .  Full story