News Wire

South Africa to consider new nuclear in affordable way

20/08 South Africa will consider adding nuclear power capacity in an affordable way as part of its long-term plans, Energy Minister Gwede Mantashe said on Tuesday.  Full story

Recent RBNZ 50 bp cut reduced chance of unconventional policy tools -assistant governor

00h30 The Reserve Bank of New Zealand's (RBNZ) assistant governor Christian Hawkesby said in a speech released on Wednesday that the bank's recent rate cut would likely avoid the use of unconventional monetary policy tools.. . .  Full story

Toll Brothers profit beat clouded by weakness in orders

00h29 Toll Brothers Inc reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.. . .  Full story

CME live cattle futures climb on robust wholesale beef demand

00h16 Chicago Mercantile Exchange live cattle futures closed higher on Tuesday for a second session, supported by strong wholesale beef demand ahead of the U.S. Labor Day holiday weekend, analysts said.. . .  Full story

Australia shares poised to open lower, NZ down

00h14 Australian shares are set to open lower on Wednesday as fears of a global deceleration is expected to weigh on investors despite recent signs of economic stimulus from major economies.. . .  Full story

Trump White House seeks to assuage farmer unrest over biofuel policy -sources

00h10 President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline,. . .  Full story

Global dairy prices flat, milk powder surges at fortnightly auction

00h03 Global dairy prices were largely flat at an auction early on Wednesday, but key product whole milk powder posted surprisingly strong gains on increased demand from Asia.. . .  Full story

Trump, advisers looking at ways to boost U.S. economy as markets fear recession

00h01 Even as they reject talk of a looming recession, President Donald Trump and his advisers are examining ways to provide a boost to the U.S. economy should it be deemed necessary, officials said.. . .  Full story

Toll Brothers earnings beat on higher home prices

20/08 Toll Brothers Inc reported a better-than-expected quarterly profit as increased home prices cushioned the luxury homebuilder from higher costs and choppy demand for new homes.. . .  Full story

State Dept approves possible $8 billion fighter jet sale to Taiwan -Pentagon

20/08 The U.S. State Department has approved a possible $8 billion sale of F-16 fighter jets to Taiwan, the Defense Security Cooperation Agency said on Tuesday in an official notification to Congress.. . .  Full story

Imports of Chinese steel racks injure U.S. industry -U.S. ITC

20/08 Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.-China trade war.. . .  Full story

Walmart sues Tesla over fires at stores fitted with its solar panels

20/08 Walmart Inc sued Tesla Inc , saying solar panels supplied by the electric car maker were responsible for fires at about seven of its stores, according to a lawsuit filed in a New York. . .  Full story

U.S. SEC fines Russian firm for failing to disclose paid-for ICO reviews

20/08 The U.S. Securities and Exchange Commission said on Tuesday that it has fined and settled charges against a Russia-based ratings firm for failure to disclose payments it received to publicize digital asset offerings of issuers. . .  Full story

NZ's Fletcher Building reports annual profit on stronger local demand

20/08 New Zealand's home builder Fletcher Building Ltd posted an annual net profit on Wednesday, compared with a year-earlier loss, boosted by increased home sales and higher demand for its building products in its domestic market.. . .  Full story

Wheat slides on ample world supplies, dragging corn lower

20/08 U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat. . .  Full story

Safe havens rise as recession concerns trigger easing bets

20/08 Investors on Tuesday sought traditional safe havens, including the Japanese yen and U.S. Treasuries, even as there were signs that more economic stimulus was on its way, as markets focused on concerns over a. . .  Full story

DoubleLine's Jeffrey Gundlach says Federal Reserve has lost control

20/08 The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach, the chief executive of DoubleLine. . .  Full story

New Zealand's a2 Milk annual profit jumps as China demand persists

20/08 New Zealand's a2 Milk on Wednesday posted a 47% jump in annual profit, boosted by higher demand for its infant formula and dairy products in China and market share gains in the United States.. . .  Full story

S.Korea July producer prices drop y/y, first fall in nearly 3 years

20/08 South Korea's producer prices index (PPI) dropped in July on an annual basis for the first time in nearly three years, central bank data showed on Wednesday, underlining lower inflationary pressures and supporting further policy. . .  Full story

Avaya considers outright sale as alternative to Mitel merger -sources

20/08 Telecommunications equipment and software vendor Avaya Holdings Corp is considering an all-cash offer from private equity firm Clayton Dubilier & Rice LLC (CD&R) as an alternative to a potential merger with Mitel Networks Corp, people. . .  Full story

General Electric stock drop attracts more short-sellers -S3 Partners

20/08 Betting against General Electric Co stock has increased in the last week as the stock has fallen following a report by fraud investigator Harry Markopolos that questioned the conglomerate's accounting, financial analytics firm S3 Partners. . .  Full story

Don't help Ryanair during Portugal strike, Belgian unions tell members

20/08 Belgium's CNE and ACV PULS trade unions have told members not to comply with a Ryanair request to staff flights affected by a planned strike by Portuguese crew from Wednesday, a letter sent to. . .  Full story

Argentine peso ends higher after central bank sells dollars

20/08 Argentina's promises to defend its beleaguered peso gained credibility on Tuesday after the central bank poured $112 million of its reserves into dollar auctions, helping to boost the currency about 0.5% a day after steep. . .  Full story

Hong Kong leader says dialogue and 'mutual respect' offer way out of chaos

20/08 Hong Kong leader Carrie Lam said on Tuesday she hoped a peaceful weekend anti-government protest was the start of efforts to restore calm and that talks with non-violent protesters would provide "a way out". . .  Full story

Wall Street rally ends as financial shares slide

20/08 Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.. . .  Full story

As trade war drags on, new Bunge CEO looks to avoid 'stroke-of-the-pen' risk

20/08 A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive. . .  Full story

Argentina's 'Achilles heel' of dollar debt could lead to downgrade -Fitch's McCormack

20/08 Argentina could be downgraded again by Fitch Ratings if further weakness in the peso boosts the risk of default, the agency's head of sovereign ratings said in an interview on Tuesday.. . .  Full story

C$ rebounds from a 2-month low ahead of economic data

20/08 The Canadian dollar edged higher against its U.S. counterpart on Tuesday, recovering from a two-month low it touched earlier, as investors awaited domestic economic data expected this week. Canadian inflation data. . .  Full story

Argentine stocks lag Latam markets, currencies rise

20/08 A soft U.S. dollar helped most Latin American currencies rise on Tuesday, as investors awaited further guidance from central banks in the wake of global slowdown fears, while Argentine stocks stood out for their losses. . .  Full story

It's the U.S. Fed, but the world will have its say

20/08 The U.S. Federal Reserve has a purely domestic mandate, answerable to an elected Congress and facing nearly daily demands from an outspoken president.. . .  Full story

Trump looking at possible U.S. payroll, capital gains tax cuts

20/08 President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything. . .  Full story

Boeing hiring as it targets 737 MAX fights resuming ‘early 4th quarter’

20/08 Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a. . .  Full story

Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy

20/08 President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.. . .  Full story

Dollar weakens as U.S. yields resume slide

20/08 The dollar declined on Tuesday, in line with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at a Jackson Hole, Wyoming, gathering later this week, with many. . .  Full story

General Electric insurance called 'risky' by Fitch; shares fall again

20/08 General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report. . .  Full story

Trump White House tries to assuage farmer unrest over biofuel policy -sources

20/08 President Donald Trump's administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline,. . .  Full story

U.S. regulators hand Wall Street a major win with stripped-down 'Volcker Rule'

20/08 U.S. banking regulators on Tuesday eased trading regulations for Wall Street banks, giving them one of their biggest wins under the Trump administration but drawing criticism from consumer activists who warned of potential risks to. . .  Full story

Oil steadies as hopes of easing trade tensions lend support

20/08 Oil prices steadied on Tuesday on optimism U.S.-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown, after falling earlier on concerns over future demand.. . .  Full story

Yields fall as Fed minutes, Powell speech in focus

20/08 U.S. Treasury yields fell on Tuesday as the prospect of more central bank easing boosted demand for government debt, while concerns about Italy’s government and Britain’s tumultuous exit from the European Union fueled safe-haven buying.. . .  Full story

Gold firms above $1,500 as bond yields dip on stimulus hopes

20/08 Gold rose on Tuesday to firm above $1,500, recovering from a more than 1% slide in the previous session, as U.S. yields fell on increasing expectations for looser monetary policy to address fears of. . .  Full story

Teva launches generic version of EpiPen for young children

20/08 Teva Pharmaceutical Industries Ltd on Tuesday made its generic version of Mylan's EpiPen for young children available in most retail pharmacies at $300 for a 2-pack.. . .  Full story

Facebook's Libra faces EU antitrust probe - Bloomberg

20/08 Facebook Inc's proposed digital currency Libra faces anti-trust probe by European Union regulators, Bloomberg reported on Tuesday, citing a document seen by the organization.. . .  Full story

Latin America lacks ammunition to fight global economic slowdown

20/08 As policymakers around the world scramble to prevent an economic slowdown from morphing into a global recession, Latin America's largest countries may find the growth-boosting arsenal at their disposal is worryingly scarce.. . .  Full story

Greece says has had no request from Iranian oil tanker to dock

20/08 Greece said on Tuesday it had not had a request for an oil tanker at the centre of a row between Iran and the United States to dock at one of its ports,. . .  Full story

Spanish union calls Iberia ground staff strike at Madrid airport

20/08 Spanish trade union UGT has called on ground staff for International Airlines Group's Iberia at Madrid's Barajas airport to go on strike at the end of August.. . .  Full story

U.S. removed almost 2.7 mln barrels daily of Iranian oil from market -Pompeo

20/08 The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington's decision to reimpose sanctions on all purchases of Iran's crude, U.S. Secretary of. . .  Full story

Slovenian bank NLB and KBC Insurance consider sale of NLB Vita

20/08 Nova Ljubljanska Banka (NLB) and Belgian insurer KBC Insurance NV are considering a sale of their life insurance venture NLB Vita, Slovenia's largest bank said in a statement on Tuesday.. . .  Full story

European shares end lower as Italy's political crisis weighs

20/08 European shares fell on Tuesday after two sessions of robust gains as optimism over hopes of stimulus in major economies waned and investors awaited more guidance from central banks.. . .  Full story

EU rebuffs British PM Johnson's Brexit gambit

20/08 The European Union on Tuesday rebuffed Prime Minister Boris Johnson's demand that it reopen the Brexit divorce deal, saying Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish. . .  Full story

Zambia says no meeting planned with Vedanta over Konkola mine

20/08 Zambian President Edgar Lungu will not meet the chairman of Vedanta Resources to discuss the disputed liquidation of its Konkola Copper Mines (KCM) on his visit to India this week, a statement from the Zambian. . .  Full story

Worries over global trade, Italy lead FTSE 100 lower

20/08 London's main index ended firmly in the red on Tuesday after new U.S.-China trade jitters and political instability in Italy took down heavyweight firms across sectors, while exporter stocks dipped as the pound gained. . .  Full story

Copper slides as spotlight falls on sagging China demand

20/08 Copper prices fell on Tuesday as the market focused on prospects for weaker demand in top consumer China, where activity in the manufacturing sector has deteriorated due to the prolonged U.S.-China trade dispute.. . .  Full story

Germany could soon bury its 'black zero' budget rule

20/08 Germany is facing growing calls at home and from abroad to ditch its self-imposed balanced budget rule and take on new debt to inject more fiscal stimulus into Europe's largest economy.. . .  Full story

Tod's founder Della Valle further raises voting stake to 81.2%

20/08 The chairman and founder of Italian luxury goods group Tod's, Diego Della Valle, has raised his potential share of voting rights in the firm above 80%, after widening an accord with Credit Agricole to. . .  Full story

Nigeria's oil-for-product swaps

20/08 Nigeria's National Petroleum Corp (NNPC) this week signed deals to exchange over 300,000 barrels per day (bpd) of crude oil for imported gasoline and diesel. The country is seeking to. . .  Full story

Home Depot beats quarterly profit estimates, warns of tariff impact

20/08 Home Depot Inc beat quarterly profit estimates on Tuesday as it sold more big-ticket items to high-spending builders and handymen, while flagging the potential impact of U.S. President Donald Trump's ongoing trade tussle with China. . .  Full story

Swiss watchdog expects details on Facebook's Libra by end of month

20/08 Switzerland's privacy watchdog expects to receive details on Facebook's Libra cryptocurrency by the end of this month, a spokeswoman for the agency said on Tuesday.. . .  Full story

TJX posts rare same-store sales miss as competition stiffens

20/08 TJX Cos Inc forecast third-quarter profit below expectations and reported quarterly same-store sales that missed estimates for the first time in more than a year, as the discount store operator faces intense competition from online. . .  Full story

Pound recovers briefly vs euro on Brexit backstop hopes

20/08 Sterling briefly rebounded from near three-year lows versus the euro on Tuesday after German Chancellor Angela Merkel said the European Union would think about practical solutions regarding the post-Brexit Irish border.. . .  Full story

Sarepta shares sink 14% after shock FDA rejection

20/08 Shares of Sarepta Therapeutics Inc plunged 14% on Tuesday after the U.S. health regulator, in an unexpected move, declined to approve the drugmaker's newest treatment for a muscle-wasting disorder that mainly affects young boys.. . .  Full story

Kohl's cuts 2019 margin forecast on tariffs, first half promotions cost  

20/08 Kohl's Corp forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings, because of the cost of more aggressive promotions in the first half and potential hit from new tariffs on imports from. . .  Full story

U.S. oil firms challenge pipeline surcharge for steel tariff -filing

20/08 Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.. . .  Full story

Medtronic hits record high as profit beats, raises annual profit outlook

20/08 Medtronic Plc beat analysts' estimates for quarterly profit on Tuesday, boosted by higher demand for its surgical instruments and diabetes devices, and the medical device maker raised its forecast for full-year adjusted profit as well.. . .  Full story

China adds 148 drugs to key insurance list - state media

20/08 China on Tuesday added 148 drugs to its list of medicines covered by basic medical insurance schemes, part of a push to lower patients' out-of-pocket costs in one of the world's largest drug markets, state. . .  Full story

Taking aim at rivals, CBOE Europe's closing auction debuts with tiny volume

20/08 Europe's latest share trading platform debuted with a whimper this week as just 23,000 euros ($25,460) worth of stock changed hands in Monday's first closing auction, but its parent Chicago-based CBOE said plenty of customers. . .  Full story

Elanco to become No.2 in animal health with $7.6 bln Bayer deal

20/08 Elanco Animal Health agreed to buy Bayer's veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest maker of medicines for pets and livestock and. . .  Full story

Cigna seeks sale of group benefits insurance business -sources

20/08 U.S. health insurer Cigna Corp is exploring a sale of its group benefits insurance business, which could be valued at as much as $6 billion, four people familiar with the matter said on Tuesday.. . .  Full story

Hedge fund manager Kyle Bass sees "shallow recession" potentially in 2020- CNBC

20/08 Hedge fund manager Kyle Bass told CNBC on Tuesday that he sees a "shallow recession" potentially in 2020, also adding that he thinks U.S. interest rates will follow the global interest rates all the. . .  Full story

Rouble recovers from lowest in six months on hopes over trade war

20/08 The Russian rouble recovered against the U.S. dollar on Tuesday, after touching a six-month low, on optimism for an easing of the U.S.-China trade standoff and an expected boost in demand for the currency. . .  Full story

Delivery robot firm Starship raises $40 million

20/08 Starship Technologies, a company set up by two founders of video messaging business Skype, has raised another $40 million to expand its delivery robot business, it said on Tuesday.. . .  Full story

U.S. crude export window slams shut as new pipelines start

20/08 Two long-awaited pipelines out of the busiest U.S. shale patch started shipping oil to Gulf Coast export hubs last week - just as U.S. crude barrels suddenly do not look all that attractive to. . .  Full story

TSX snaps two-session winning streak as energy shares weigh

20/08 Canada's main stock index dropped after two straight sessions of gains on Tuesday, as energy shares mirrored a drop in oil prices on persisting concerns over demand.. . .  Full story

Pompeo: 'No mixed messages' from U.S. on Huawei

20/08 U.S. Secretary of State Mike Pompeo said on Tuesday the United States was not sending "mixed messages" on Huawei Technologies and he does not believe a U.S. blacklist of the Chinese telecommunications giant will block. . .  Full story

A guide to the Brexit backstop, and why there's a UK-EU standoff

20/08 British Prime Minister Boris Johnson has made a fresh push to drop the so-called Irish backstop from the Brexit deal, renewing a demand the EU has repeatedly rejected.. . .  Full story

Palladium deficit to widen, Nornickel says as net profit jumps 81%

20/08 The global palladium market will remain in structural deficit this year, Russia's Norilsk Nickel (Nornickel) said on Tuesday as it reported an 81% leap in first-half net profit.. . .  Full story

DBS Bank to enter India's credit card market next year

20/08 Southeast Asia's biggest bank DBS Group Holdings is preparing to enter the local credit card market in India in 2020, a senior company executive said on Tuesday.. . .  Full story

German H1 natural gas imports rise 20%, bill rises 14.8%

20/08 Germany imported 20.0% more gas in the first half of 2019 than a year earlier and its import bill rose by 14.8%, official data showed on Friday.. . .  Full story

Rosneft intake restrictions bring quarterly oil production dip

20/08 Rosneft's daily oil output fell 2.7% in the second quarter from the previous three months, the Russian oil company said on Tuesday, mainly because of restrictions introduced by pipeline operator Transneft after an oil contamination. . .  Full story

Sri Lanka shares recover from near 2-week closing low; rupee down

20/08 Sri Lankan shares recovered on Tuesday from a near two-week closing low in the previous session, led by financials and consumer staples, but trading volume was light as investors waited for more clarity on. . .  Full story

Tiny tin market sounds a recessionary warning note: Andy Home

20/08 Fears of a global recession are rising.. . .  Full story

From bin bags to planes: Shell, BA plan EU's first waste-to-jet fuel plant

20/08 Aeroplanes could be powered by jet fuel made from household rubbish from 2024 under plans by Shell, British Airways and Velocys to build Europe's first large-scale plant to produce jet fuel from domestic and commercial. . .  Full story

COLUMN-BHP is sailing between China stimulus breeze and trade war storm: Russell

20/08 Spot the problem. The world's biggest mining company, BHP Group, reports its highest profits in five years even as its top customer is engaged in a now protracted trade dispute with the world's largest economy.. . .  Full story

EDF gets OK to restart Scottish nuclear plant where cracks found

20/08 EDF Energy will be allowed to restart a reactor at its Hunterston plant in Scotland where cracks were found last year, for an initial four month period, Britain's nuclear regulator said on Tuesday.. . .  Full story

Egypt's Banque du Caire expects to sell minority stake by early 2020

20/08 The head of Egypt's state-owned Banque du Caire told reporters on Tuesday that he expects to sell 30-40% of the bank by the end of 2019 or in early 2020.. . .  Full story

BHP chief to 'stick up for globalisation' as trade tensions bite

20/08 The head of the world's biggest miner BHP said he will "stick up for globalisation" and is more worried about the damage trade tensions are inflicting on the world economy than their impact on. . .  Full story

Investors sell Italian bonds as government looks increasingly fragile

20/08 Italian government bonds lagged the broader market on Tuesday before an address by Prime Minister Giuseppe Conte that could lead to a confidence vote and bring down the Italian government.. . .  Full story

Oil market starts to rebalance at lower prices: Kemp

20/08 Global oil consumption is falling at the fastest rate for almost five years as manufacturing activity and trade flows slip around the world and vehicle production tumbles.. . .  Full story

People in protest-hit Hong Kong eye Malaysia's second-home programme

20/08 A Malaysian programme to attract wealthy foreigners to live in the Southeast Asian nation has drawn 251 applications from Hong Kong residents this year, compared with 193 approved last year from the Chinese-ruled city, a. . .  Full story

U.S. yield curve: Invert, steepen, repeat

20/08 A swift steepening of the U.S. 2-year/10-year yield curve after it inverted last week may have given investors hope that the United States can escape recession. They should probably take a breath.. . .  Full story

Russia, China and S.Korea vie for Bulgarian nuclear project

20/08 State run energy companies from Russia, China and South Korea are among seven groups interested in becoming strategic investors in Bulgaria's Belene nuclear power project, the Balkan nation's energy minister said on Tuesday.. . .  Full story

Czech bond yields up from lows; regional currencies drift

20/08 Czech bond yields rose from multi-year lows for a third straight day on Tuesday, while central Europe's currencies drifted after a short-lived rally.. . .  Full story

China trims lending rates with new benchmark, more cuts expected

20/08 China lowered its new lending reference rate slightly on Tuesday, as expected, as the central bank kicked off interest rate reforms designed to reduce corporate borrowing costs in the world's second-largest economy.. . .  Full story

Denmark's Jyske Bank to charge wealthy clients for deposits

20/08 Denmark's Jyske Bank will begin charging wealthy individuals for deposits instead of paying interest, it said on Tuesday, less than two weeks after launching the world's first negative interest rate mortgage.. . .  Full story

Huawei founder details "battle mode" reform plan to beat U.S. crisis

20/08 China's Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a "live-or-die moment" in the wake of U.S. export curbs,. . .  Full story

Indian shares end lower; financials, consumer stocks weigh

20/08 Indian shares settled lower on Tuesday, led by a fall in financial and consumer stocks with Yes Bank Ltd closing at its lowest in over six years.. . .  Full story

Bank of Jinzhou says to record net loss of up to 5 bln yuan in 2018

20/08 Bank of Jinzhou said it expected to post a net loss of about 4 billion yuan ($566.38 million) to 5 billion yuan in 2018, according to a profit warning it filed to Hong Kong. . .  Full story

AstraZeneca diabetes drug shows promise in heart failure

20/08 AstraZeneca made strides on Tuesday towards its goal of adding heart failure to the conditions that can be treated by its diabetes drug Farxiga, putting it ahead of a rival medicine from Eli Lilly.. . .  Full story

SE Asia Stocks-Singapore, Malaysia gain in line with broader Asia; Thailand down

20/08 Singapore and Malaysian stocks rose on Tuesday, in line with broader Asia as stimulus proposals in major economies muted recession fears, while Thai shares retreated as the government cut its 2019 economic growth forecast.. . .  Full story

Argentina could avoid default if economy recovers fast enough -Stiglitz

20/08 Argentina can avoid restructuring its bonds if policymakers reverse growth-stifling austerity measures in time to spur enough economic growth to avoid a debt crisis, Nobel Prize-winning economist Joseph Stiglitz said on Monday.. . .  Full story

China's Xinfa shuts aluminium capacity in Xinjiang after blast - sources

20/08 Xinfa Group, one of China's top aluminium producers, has shut down an aluminium production line after an explosion at a plant in the northwestern Chinese region of Xinjiang, according to a company source.. . .  Full story

China's new paraxylene plants on stream through 2023

20/08 China is starting up a total of 10 million tonnes of new plants making paraxylene, a chemical used to make synthetic textile fibre and bottles, from March 2019 to March 2020.. . .  Full story

Humbled Deutsche Bank faces battle in its own backyard

20/08 Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery.. . .  Full story

Sainsbury's outperforms major rivals in weak UK market - Kantar

20/08 Sainsbury's recorded the smallest sales decline among Britain's big four grocers in the latest 12 week period, showing tentative signs of improvement after nearly two years of underperformance, according to industry data published on Tuesday.. . .  Full story

Taiwan export orders fall for 9th month but Christmas bounce kicking in

20/08 Taiwan's export orders contracted for a ninth straight month in July though at a slower pace than expected, which might signal demand for new electronic products as the peak year-end season for gadgets approaches.. . .  Full story