News Wire

Nigerian stocks rally to 3-week high as investors eye reforms

23/08 Nigerian stocks extended their rally on Friday to a three-week high following President Muhammed Buhari's inauguration of cabinet ministers, boosting hopes for reforms that could lift growth for Africa's biggest economy, traders said.  Full story

Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation

02h23 U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping an additional 5% duty on some $550 billion in targeted Chinese goods in the latest tit-for-tat trade. . .  Full story

What tools could Trump use to get U.S. firms to quit China?

02h19 Hours after China announced retaliatory tariffs on U.S. goods on Friday, President Donald Trump ordered U.S. companies to "start looking for an alternative to China, including bringing your companies HOME and making your products in. . .  Full story

From phone makers to farmers, the toll of Trump's trade wars

02h11 The world's two largest economies, China and the United States, on Friday exchanged blows in the latest escalation in their trade war that has roiled supply chains and whipsawed financial markets.. . .  Full story

Japan, U.S. made 'big progress' in trade talks - Japanese minister

01h47 The United States and Japan have made "big progress" in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday.. . .  Full story

Sajid Javid prepares ground for no-deal emergency budget - The Times

01h19 British finance minister Sajid Javid is preparing ground for a no-deal emergency budget in the fortnight before Britain leaves the European Union, The Times reported.. . .  Full story

Global disputes likely to thwart unity at G7 summit in France

01h00 Leaders of the G7 nations arrive in France on Saturday for a summit as a brewing U.S.-China confrontation over protectionism highlighted President Emmanuel Macron's tough task in delivering meaningful results on trade, Iran and. . .  Full story

Credit ratings underscore need for Lebanon reforms -finance minister

00h40 Lebanon is committed to economic reforms and will overcome its crisis, the finance minister told Reuters on Friday after Fitch downgraded the country's credit rating to CCC while S&P kept it at B-/B.. . .  Full story

New EU import curbs on fruit not Canada specific -Canadian minister

00h39 New European Union rules that could block shipments of Canadian cherries and other fruits to the 28-nation grouping apply to all countries and "was not unusual," a senior Canadian official said on Friday.. . .  Full story

World needs to end risky reliance on U.S. dollar -BoE's Carney

00h22 Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve. . .  Full story

CME lean hog futures dive as U.S.-China trade war heats up

00h12 Chicago Mercantile Exchange lean hog futures tumbled on Friday, with the benchmark October contract falling its daily 3-cent limit after China announced a fresh set of tariffs on U.S. agricultural products, traders said.. . .  Full story

Stocks tumble, yen rallies as U.S. and China escalate trade war

00h09 Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.. . .  Full story

Oil spills into U.S.-China trade war, prices slump

23/08 China said on Friday it would impose tariffs on U.S. crude oil imports for the first time, sending prices down nearly 4% to two-week lows as the escalating bilateral trade war fed worries over. . .  Full story

USTR to accept public comment period before raising tariffs on $250 bln in Chinese imports

23/08 The U.S. Trade Representative's office on Friday said it would hold a public comment period before raising tariffs on $250 billion in Chinese imports on Oct. 1 from 25% to 30% after China announced. . .  Full story

Fed's commitment to act upstaged by Trump's furor

23/08 Federal Reserve Chair Jerome Powell said the central bank would "act as appropriate" to keep the U.S. economy healthy in a deteriorating global economy, but stopped short of committing to rapid-fire rate cuts and drew. . .  Full story

Britain wants U.S. trade deal quickly, but terms have to be right - UK spokeswoman

23/08 Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said on Friday ahead of a meeting between Prime. . .  Full story

Brazil says Mercosur reached trade deal with EFTA bloc -president

23/08 Brazilian President Jair Bolsonaro said on Friday the South American common market Mercosur has concluded a trade deal with EFTA, the European free trade group formed by Switzerland, Norway, Iceland and Liechtenstein.. . .  Full story

Trump jacks up tariffs on Chinese imports in latest tit-for-tat

23/08 President Donald Trump said on Friday the United States would subject Chinese imports to an additional 5% tariff in response to what he called a politically motivated move by China to impose tariffs on. . .  Full story

Norway's Liberals accept PM's ultimatum, preventing government's collapse

23/08 Norway's Liberal Party, a junior member of Norway's four-party government, will accept the prime minister's ultimatum on transport policy, preventing the cabinet's fall, Liberal leader Trine Skei Grande said on Friday.. . .  Full story

Fitch, S&P ratings are reminder of need for Lebanon reforms -finance minister

23/08 Lebanon will overcome crisis and has committed to reforms, the finance minister told Reuters after Fitch downgraded the country's credit rating to CCC while S&P affirmed it at B-/B on Friday.. . .  Full story

Transat shareholders approve Air Canada's C$720 mln bid for leisure group

23/08 Transat AT Inc shareholders on Friday overwhelmingly voted in favor of Air Canada's bid for the leisure group, in a deal that still requires domestic and European regulatory approval.. . .  Full story

Stocks tumble, yen rallies as Trump threatens to counter new China tariffs

23/08 Stocks, the dollar and oil prices fell on Friday while safe havens rose after U.S. President Donald Trump threatened to further escalate his trade war with China "this afternoon," following a new round of retaliatory. . .  Full story

Soy, corn futures slide following fresh round of China tariffs

23/08 U.S. corn futures hit a three-month low and soybeans neared a three-week bottom after China said it would impose additional tariffs on U.S. products including grains and soy, escalating the trade war between the world's. . .  Full story

Fed's Clarida says global economy has worsened since July- CNBC

23/08 U.S. Federal Reserve Vice Chairman Richard Clarida said on Friday the global economic outlook has worsened since July.. . .  Full story

Wall Street plunges as U.S.-China trade war intensifies

23/08 Wall Street tumbled on Friday after the U.S.-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate. . .  Full story

California rare earths miner races to refine amid U.S.-China trade row

23/08 The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China. . .  Full story

Oil prices slide as U.S.-China trade war escalates

23/08 Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of U.S. goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.. . .  Full story

Pending mergers and acquisitions involving U.S. firms that need Chinese approval

23/08 U.S. President Donald Trump said on Friday he has ordered American companies to exit China after Beijing unveiled retaliatory tariffs on $75 billion worth of U.S. goods, in a new twist in the bitter. . .  Full story

Dollar skids on heightened U.S.-China trade tension

23/08 The dollar stumbled on Friday after President Donald Trump ordered U.S. companies to start looking for an alternative to China as Beijing imposed more tariffs on American goods, further exacerbating a prolonged trade. . .  Full story

Auto companies in India cut more jobs, halt production to tackle slowdown

23/08 With India's auto sales declining for the ninth straight month in July, more automotive manufacturers are laying off workers and temporarily halting production to keep costs in check, according to sources and documents seen by. . .  Full story

Amazon fires could burn Brazil's bid to join OECD rich nations club

23/08 Uncontrolled fires sweeping through the Amazon rainforest could scuttle Brazil's chances of becoming a member of the Organization for Economic Co-operation and Development (OECD), worried business leaders said on Friday.. . .  Full story

Trade tensions, growth worries drive Latam assets to 2019 lows

23/08 Latin American assets fell on Friday to their lowest levels so far this year, as another escalation in the U.S.-China trade war and worries over Mexico's growth kept investors on the edge.. . .  Full story

Trump calls on U.S. firms to exit China as trade war escalates

23/08 President Donald Trump on Friday pressured U.S. companies to leave China after Beijing unveiled retaliatory tariffs on $75 billion in U.S. goods, stoking fears their escalating trade war will tip the global economy into recession.. . .  Full story

U.S. companies' China exposure as Trump escalates trade war

23/08 President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States, a rhetorical strike. . .  Full story

On-off trade tariffs wreak havoc on U.S. company planning

23/08 Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago.. . .  Full story

Yields fall U.S.-China trade war escalates

23/08 Benchmark U.S. Treasury yields fell to their lowest levels in a week on Friday as an escalation in the U.S.-China trade war raised concerns about an economic downturn. China said on. . .  Full story

World needs to end risky reliance on U.S. dollar - BoE's Carney

23/08 Bank of England Governor Mark Carney took aim at the U.S. dollar's "destabilising" role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve. . .  Full story

UK economy headed for stagnation in Q3 - BoE's Carney

23/08 Bank of England Governor Mark Carney said Britain's economy appeared to be on course to stagnate in the current quarter, and underlying growth still looked muted even when the effect of Brexit volatility was stripped. . .  Full story

Gold soars 2% after Powell speech, Trump tweets

23/08 Gold surged 2% on Friday as investors interpreted U.S. Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and President Donald Trump's latest comments exacerbated trade tensions with China.. . .  Full story

U.S. trade group says 'unrealistic' for American retailers to exit China

23/08 The U.S. National Retail Federation (NRF) said on Friday it is "unrealistic" for American retailers to move out of China, the world's second-largest economy, as 95% of the world's consumers live outside the United States. "Our. . .  Full story

Trump presses U.S. companies to close China operations

23/08 President Donald Trump said on Friday he was ordering U.S. companies to look at ways to close their operations in China and make more of their products in the United States instead, sending U.S.. . .  Full story

U.S. oil rig count at Jan 2018 low in deepest cut since April -Baker Hughes

23/08 U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions.. . .  Full story

India rolls back tax hike on investors; outlines steps to boost sentiment

23/08 India is rolling back recent tax hikes on foreign and domestic equity investors and is accelerating a capital infusion of $10 billion into state-run banks, the finance minister said late on Friday, in an. . .  Full story

U.S. Chamber of Commerce rejects Trump call on business with China

23/08 The U.S. Chamber of Commerce rebuffed President Donald Trump's call Friday that U.S. businesses begin immediately looking for alternatives for operations in China after China said it was imposing new retaliatory tariffs.. . .  Full story

India Inc grows impatient as economy dips and Modi is distracted

23/08 When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.. . .  Full story


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European shares slide as U.S.-China trade war intensifies

23/08 European shares fell on Friday after U.S. President Donald Trump furiously reacted to China's latest imposition of tariffs on certain U.S. goods, while a lack of direction in the U.S. central bank's rate outlook. . .  Full story

Trump tweet topples FTSE 100

23/08 London's main share index handed back its early gains to end lower on Friday after U.S. President Donald Trump's tweeted "order" that U.S. companies shut operations in China, which dragged internationally exposed miners and. . .  Full story

UPS says it tracks shipments of prohibited substances after Trump comment

23/08 United Parcel Service Inc said on Friday it has been keeping a tab on shipments of prohibited substances by working with governments, in a response to U.S. President Donald Trump's call to package delivery. . .  Full story

Copper falls to lowest since June 2017 as trade war escalates

23/08 Copper prices fell to the lowest in more than two years as an escalating trade conflict between China and the United States, faltering Chinese economic growth and a weakening yuan undermined the outlook for. . .  Full story

China to impose extra tariffs on U.S. soy, beef and pork

23/08 China said on Friday it will impose more tariffs on U.S. agricultural goods, its latest retaliatory measure aimed at Midwestern states whose voters helped elect President Donald Trump in 2016.. . .  Full story

Enraged Trump likens U.S. Fed chief to "enemy" China

23/08 President Donald Trump reacted furiously on Friday after Federal Reserve Chair Jerome Powell linked the trade war with China to risks to the U.S. economy, asking whether the man he handpicked to run the. . .  Full story

IMF's Gopinath says U.S. monetary policy being accommodative and data driven

23/08 International Monetary Fund chief economist Gita Gopinath said on Friday that U.S. monetary policy is being accommodative and data driven.. . .  Full story

British Airways pilots to strike for three days in September

23/08 British Airways pilots are to go on strike for three days in September, their union said on Friday, in a dispute over pay that could disrupt the peak summer holiday season.. . .  Full story

Trump squares off in court with House Democrats over financial records

23/08 Lawyers for U.S. President Donald Trump asked a federal appeals court on Friday to block Deutsche Bank AG and Capital One Financial Corp from handing the financial records of the president's family and the Trump. . .  Full story

For some, currency wars may not be fun or easy to win

23/08 It's a maxim for private investors: Don't fight the Fed.. . .  Full story

Ryanair to shut four Spanish base next year -union

23/08 Ryanair has decided to close its Spanish bases in Las Palmas, Tenerife South, Lanzarote and Girona from January, putting the jobs of more than 500 pilots and cabin crew at risk, the local USO. . .  Full story

'Dear Vladimir': VTB asks for Putin's help to create Russian grain champion

23/08 Russian state-controlled bank VTB has asked President Vladimir Putin to help it create a Russian grain champion to curb the role of foreign traders and give the state greater control over exports, a letter. . .  Full story

Trump must choose between economy and trade war: Kemp

23/08 The White House is becoming increasingly volatile and erratic in its pronouncements about the economy and trade as the internal contradictions between its policies become obvious.. . .  Full story

Worldpay charges, disclosed in fine print, anger small U.S. merchants

23/08 Mark VenHuizen, the comptroller of a family business which sells parts for boat engines in Florida, says he has complained three times to Worldpay Inc since 2016 for tacking on extra fees to process. . .  Full story

Euro zone bond yields fall on China tariffs and Fed cut expectations

23/08 Euro zone bond yields dipped on Friday after China introduced retaliatory tariffs on $75 billion of U.S. goods, while Federal Reserve chair Jerome Powell gave few clues about whether the central bank will cut. . .  Full story

Russian inflation may near 3% in Q1 2020 - economy minister

23/08 Russian annual inflation could approach 3% by the first quarter of next year, the RIA news agency quoted Economy Minister Maxim Oreshkin as saying on Friday.. . .  Full story

India plans extra tax on vegetable oil imports to boost domestic output -sources

23/08 India plans to impose an extra 5% tax on vegetable oil imports within weeks and use the revenue to help boost the country's stagnating oilseed production, two government sources said.. . .  Full story

Sterling falls as doubts grow about Brexit talks

23/08 The pound fell on Friday after enjoying its biggest one-day gain in months, as investors reassessed whether British Prime Minister Boris Johnson had made any progress in convincing the European Union to renegotiate the Brexit. . .  Full story

South African court denies Zambia leave to appeal in Vedanta case

23/08 A South African high court judge on Friday refused Zambia's state mining company ZCCM leave to appeal a previous ruling halting the sale of Vedanta Resources' majority-owned Konkola Copper Mines (KCM) pending arbitration.. . .  Full story

For world's central banks, a call to hang together

23/08 Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world's major economies grew closer together.. . .  Full story

U.S. new home sales drop sharply, point to more housing weakness

23/08 Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.. . .  Full story

Hong Kong families form peaceful human chains ahead of airport protest

23/08 Thousands of chanting Hong Kong protesters joined hands to form human chains on Friday in a peaceful protest, with almost three months of anti-government demonstrations showing no sign of let-up across the Chinese-ruled territory.. . .  Full story

Czech parties agree higher 2020 spending, resolving coalition row

23/08 The Czech ruling parties on Friday neared a deal on a 2020 budget plan that will lift spending, though the finance ministry has said it still aims to keep the deficit target for next. . .  Full story

Woodford listed fund hits record low on valuation cut

23/08 Shares in Woodford Capital Patient Trust, the listed fund run by money manager Neil Woodford, hit a record low on Friday after the trust's administrator said it would cut the valuation of one of. . .  Full story

TSX slips as energy shares drop, U.S.-China trade dispute deepens

23/08 Canada's main stock index dropped on Friday as energy shares fell, tracking declines in oil prices as trade dispute intensified after China unveiled more tariffs against U.S. goods, including crude.. . .  Full story

U.S. new home sales fall sharply, point to more housing weakness

23/08 Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.. . .  Full story

Powell: U.S. in "favorable" place, Fed will "act as appropriate"

23/08 The U.S. economy is in a "favorable place" and the Federal Reserve will "act as appropriate" to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that. . .  Full story

C$ falls amid escalated tensions, markets await Fed conference

23/08 The Canadian dollar weakened against its U.S. counterpart on Friday, adding to the previous session's losses, as escalating trade tensions reduced global risk appetite and investors awaited a speech by the Federal Reserve's chair.. . .  Full story

Weekend strike at Barcelona airport cancels at least 124 flights

23/08 Spain's largest airline, Vueling, has cancelled 112 flights scheduled for Saturday and Sunday because of a strike by ground staff at Barcelona's El Prat airport.. . .  Full story

Asia Gold-Price dip tempts some buyers

23/08 Most Asian hubs experienced a slight uptick in physical gold demand this week as consumers took advantage of a retreat in prices, with cheaper silver continuing to be the preferred bet.. . .  Full story

Mexican economy stagnates in second quarter, weaker than earlier estimated

23/08 Mexican gross domestic product was unchanged in the second quarter from the preceding three months, slightly weaker than a preliminary estimate published last month, data from the national statistics agency INEGI showed on Friday.. . .  Full story

Libya's state oil firm demands pay rise for workers

23/08 Libya's state oil firm NOC has demanded a pay rise of 67% for its workers which it plans to discuss with the Tripoli government next week, the company said in a statement said on. . .  Full story

Take Five: G7 set for communique-tion breakdown

23/08 1/ G7: AGREEING TO DISAGREE Has there been a time in recent decades when the Western world was so divided? Trade, climate change, exchange rates, government spending, Brexit, dealings with China, Iran and Russia -. . .  Full story

EU piles pressure on Brazil over Amazon fires

23/08 The European Union piled pressure on Friday on Brazilian President Jair Bolsonaro over fires raging in the Amazon basin, with Ireland and France saying they could block a trade deal with South America.. . .  Full story

Fed's Kaplan: trade, immigration affecting U.S. economy, not monetary policy

23/08 Dallas Fed President Robert Kaplan on Friday pushed back against assertions that moves by the central bank were weighing down the U.S. economy, saying other factors, such as trade and immigration, were far more significant.. . .  Full story

Navarro says China talks to continue, trade war won't slow US economy

23/08 White House trade adviser Peter Navarro said on Friday he does not believe the trade war in China will cause higher prices or a slower economy in the United States.. . .  Full story

Fed's Mester says approaching Fed's next policy meeting with open mind- CNBC

23/08 Cleveland Federal Reserve President Loretta Mester, who did not support the Fed's rate cut last month, said that she is approaching the U.S. central bank's next policy meeting with an open mind and remains. . .  Full story

Indonesia's plastic recycling exports hit by tougher rules on imported waste

23/08 Indonesia's exports of recycled plastic have plunged by 70% in the past few months due to a shortage of materials needed for production since Jakarta tightened rules on imported waste, an industry body said. . .  Full story

China Molybendum's Congo mine blames mining tax, low metal prices for loss

23/08 One of the biggest copper and cobalt mines in Democratic Republic of Congo (DRC), China Molybdenum-owned Tenke Fungurume, has told employees it had missed production targets and is operating at a. . .  Full story

Fed's Bullard says a "robust debate" is coming over steep rate cut

23/08 Federal Reserve policymakers will have a "robust debate" about cutting U.S. interest rates by a half percentage point at their next policy meeting in September, St. Louis Federal Reserve Bank President James Bullard said. . .  Full story

Asian prices steady as heat in Japan bolsters demand

23/08 Asian spot prices for liquefied natural gas (LNG) held steady this week, supported by demand from Japan where sweltering weather continued, catching some buyers short.. . .  Full story

China Hongqiao slashes 2019 aluminium output guidance; H1 profits surge

23/08 China Hongqiao Group, the world's biggest aluminium producer, on Friday slashed its 2019 production guidance by up to 300,000 tonnes, or almost 5%, after recent flooding on its premises, as it posted a sharp. . .  Full story

'Blind men': End of S.Korea-Japan pact undermines bid to understand N.Korea threats

23/08 South Korea's decision to scrap an intelligence-sharing pact with Japan could harm efforts to understand threats from North Korea, and potentially weaken the ability to monitor its missile launches, officials and analysts say.. . .  Full story

Sri Lanka rupee falls after central bank's surprise rate cut

23/08 The Sri Lankan rupee fell for the fifth straight session on Friday, after the central bank cut key monetary policy rates amid foreign outflows from government securities, and tracking other emerging currencies. Stocks closed slightly. . .  Full story

Cold, hard euros: Venezuela turns to European cash after U.S. sanctions

23/08 From supermarket checkouts in the capital Caracas to electronics stores in the central city of Maracay, Venezuelans struggling with hyperinflation and a deep economic crisis are turning to a new form of payment: euros. . .  Full story

Japan's biggest asset manager to expand into U.S. market -CEO

23/08 Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters.. . .  Full story

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading -sources

23/08 Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.. . .  Full story

Trafigura takes stake in Frontline in $675 mln tanker deal

23/08 Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up to $675 million which will make the Geneva-based trading firm the group's second biggest shareholder.. . .  Full story

U.S. fines Deutsche Bank $16 mln to settle China, Russia corruption charges

23/08 Deutsche Bank has agreed to pay more than $16 million to settle charges that it violated U.S. corruption laws by hiring relatives of foreign government officials in order to win or retain business, the U.S.. . .  Full story

Legal & General plans rival product to compete with new pension superfunds

23/08 UK insurer Legal & General aims to take on incoming pension superfunds with a similar product of its own to bolster corporate retirement schemes, a company executive told Reuters.. . .  Full story

South Africa pledges fiscal discipline in sweeping health reform

23/08 A proposed switch to universal health coverage in South Africa will be managed in a fiscally responsible way, a senior presidential aide told Reuters, forecasting the landmark reform would cost the. . .  Full story

China's Qianhai Mercantile Exchange launches copper rod trading

23/08 The Qianhai Mercantile Exchange (QME), a mainland China spot commodities platform owned by Hong Kong Exchanges and Clearing Ltd, said it started trading in copper rods on Friday, adding to existing trade of alumina and. . .  Full story

Woodford struggles to build bridges with UK financial advisers

23/08 With his flagship 3.7 billion pound ($4.5 billion) fund frozen, money manager Neil Woodford has been travelling around Britain trying to convince independent financial advisers (IFAs) his firm remains a good long-term bet.. . .  Full story

Global watchdog to monitor Pakistan's progress in tackling militant funding

23/08 The Financial Action Task Force (FATF) will monitor Pakistan's progress in implementing a proposed plan against financing for militant organizations ahead of a meeting in October, the international watchdog body said on Friday.. . .  Full story

Wall St Week Ahead-Investors look at dollar stores as U.S. recession fears increase

23/08 More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the hopes of gauging changes in consumer behavior, though higher tariffs. . .  Full story

As bond e-trading takes off, debt sales business may be ripe for automation

23/08 With banks' bond trading desks increasingly going electronic, another of the last bastions of old-school banking - the business of helping companies and countries raise capital - may be about to succumb to the. . .  Full story

Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 bln

23/08 Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by. . .  Full story

Sri Lanka surprises markets with rate cut to boost growth

23/08 Sri Lanka's central bank unexpectedly cut interest rates for the second time in four months on Friday to boost sluggish growth after tourism and investments plummeted following deadly Easter Day bomb attacks by Islamist militants.. . .  Full story

SE Asia Stocks-Singapore falls as core inflation outlook lowered

23/08 Singapore stocks declined on Friday as authorities trimmed full-year inflation forecast towards the lower half of their guidance range, while last-minute buying in blue chips saw Philippine shares reverse course to end higher.. . .  Full story

Swedish regulator delays Swedbank money-laundering probe report

23/08 The Swedish Financial Supervisory Authority (FSA) will publish the conclusions of its probe into alleged money laundering in the Baltics by the beginning of next year, it said on Friday, pushing back the deadline by. . .  Full story