The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.» Read More
*Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.
*Palladium rises above $900 on supply worries. NEW YORK/ LONDON, Aug 29- Palladium rose to a fresh 13-1/ 2- year high on Friday on worries over uncertain supplies from Russia, the world's largest producer of the metal, while gold prices eased on a dollar rise and gains in U.S. equities.
"China's recovery is not at all stable. It is still possible that things will get worse, so market sentiment is volatile, "a fund manager based in south China said.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
NEW YORK, Aug 28- A U.S. regulator can proceed with lawsuits accusing HSBC Holdings Plc and Nomura Holdings Inc of misleading Fannie Mae and Freddie Mac into buying mortgage-backed securities that later turned toxic, a federal judge ruled on Thursday.
HONG KONG, Aug 28- Anti-corruption officers in Hong Kong on Thursday raided the home of Jimmy Lai, a media magnate and outspoken critic of Beijing who has supported pro-democracy activists through his publications and with donations.
BEIJING, Aug 28- Activity in China's vast factory sector likely weakened in August as demand faltered, a Reuters poll showed on Thursday, reinforcing expectations that further policy steps may be needed to keep economic growth on track.
*Bureau Veritas falls, Essilor advances. LONDON, Aug 28- European shares retreated from a one-month high on Thursday, with uncertainty regarding the European Central Bank's possible move to ease policy to stimulate growth prompting investors to trade cautiously.
BRASILIA, Aug 27- Environmentalist Marina Silva would handily beat President Dilma Rousseff if Brazil's October election goes to a runoff, a poll showed on Wednesday, an outcome that seemed unimaginable just a few weeks ago and one that would put an end to 12 years of Workers' Party rule.
*Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.
LONDON— A group of 130 business leaders in Scotland have signed an open letter arguing that the case for independence from Britain has not been made. The leaders say much is at stake but uncertainties surround a number of key issues should Scotland vote to break away from Britain on Sept. 18.
*Lonmin to cut South African workforce 21 pct- sources. NEW YORK/ LONDON, Aug 25- Gold slipped on Monday, hovering near its lowest in two months, under pressure from a stronger U.S. dollar and from rallying global financial markets. Gold fell 0.3 percent at $1,277.19 an ounce by 1:52 p.m. EDT.
SHANGHAI, Aug 25- The entanglement of H.J. Heinz Co. in China's latest food scare highlights a key concern for international and local firms- how to keep track of ingredients from diverse sources in a country where food supply tracing technologies are far from the norm.
The action, part of the Elliott's quest to recover around US $1.7 bn in claims from its decade-long dispute with the sovereign, will target financial institutions including Citigroup, HSBC and Standard Chartered, the source said.
SINGAPORE/ ZURICH Aug 22- Royal Bank of Scotland plc might split its international private bank into separate European and Asian divisions to attract Asian buyers who have the financial muscle for a deal but are reluctant to take on European client risk.
LONDON, Aug 22- The London Stock Exchange Group said on Friday it would raise 938 million pounds in its first rights issue to part fund the acquisition of U.S. indexes group Frank Russell.
*Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.
NEW YORK, Aug 21- A group of Argentina's exchange bondholders is working with Deutsche Bank to remove the so-called RUFO clause that prevents the sovereign from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings.
*Business activity growth slows in China and Europe. LONDON/ BEIJING/ NEW YORK, Aug 21- Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. activity picked up speed, leaving a mixed picture of global economic growth.
*Raiffeisen Bank jumps on reassuring comments on Russia. PARIS, Aug 21- European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch.