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  • SAO PAULO, July 25- Aurelius Capital Management LP has contacted bondholders in Oi SA's Netherlands- based units to challenge the basis of a prior restructuring accord that substantially lowered the recovery value of their bonds, seeking to gain clout in Brazil's biggest-ever bankruptcy reorganization. New York- based Aurelius, a distressed debt investment...

  • But China and India appear to have crashed that party. And here the main culprits are China and India, both of which have significantly ramped up exports of gasoline in the first six months of 2016.. China exported 4.449 million tonnes, or about 207,800 barrels per day, of gasoline in the first half, a 75 percent increase on the same period last year, according to...

  • SINGAPORE/ TOKYO, July 25- Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures were trading at $45.58 per barrel at 0657 GMT, down 11 cents from their previous close. "Sentiment looks to have turned negative," said Matt Stanley of...

  • But China and India appear to have crashed that party. And here the main culprits are China and India, both of which have significantly ramped up exports of gasoline in the first six months of 2016.. China exported 4.449 million tonnes, or about 207,800 barrels per day, of gasoline in the first half, a 75 percent increase on the same period last year, according to...

  • CAIRO— A leading Egyptian Sunni Muslim cleric has warned against the dangers of playing too much of the wildly popular mobile phone application "Pokemon Go," adding to Mideast religious voices that have sometimes been sterner in their critique of the game. Abbas Shumman, the deputy sheikh of Egypt's Al-Azhar institute, told The Associated Press that the game "...

  • The foreign ministers of the 10 countries that make up the Association of Southeast Asian Nations deliberated for several hours during the three sessions, including over lunch, but remained deadlocked because Cambodia didn't want China criticized, diplomats said. "It's really a loyalist of the big country C," a diplomat who attended closed-door meetings told...

  • NAIROBI- Central bank of Kenya monetary policy meeting- 0000 GMT. TUESDAY, JULY 26 JOHANNESBURG- South African Finance Minister Pravin Gordhan speaks at Nedbank group's annual investment summit on "the role of business in securing a more prosperous and inclusive future for all South Africans"- 0700 GMT. ANKARA- Turkey central bank to publish quarterly inflation...

  • LONDON, July 22- Crude futures remained on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • Spain, Germany and Italy perform strongly, UK lags. LONDON, July 22- Spain, Germany and Italy helped Vodafone to produce stronger than expected first-quarter sales growth despite a drag from European Union roaming charge cuts and a weak home market. Chief Executive Vittorio Colao said the group was making good progress in Europe, led by Germany, Spain and Italy.

  • LONDON, July 22- Crude futures were on track for weekly losses on Friday as investors reassessed U.S. data on oil stocks and excesses in oil products in Europe and Asia. "Supply might actually increase in the near term with the further return of disrupted production and higher Middle East production, while demand growth is set to slow in emerging Asia."

  • SINGAPORE, July 22- Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The inroads into global stockpiles of oil are not as great as anticipated, "said Ric Spooner, chief market analyst at Sydney's CMC Markets.

  • BEIJING/ TOKYO, July 22- General Motors Co and Isuzu Motor Co have agreed to cease collaboration on the development of midsize pick-up trucks made in Asia, ending a joint product development relationship that dates back to the mid-2000s. Isuzu, which specialises in light trucks and commercial vehicles, had developed its D-Max pick-up truck under the agreement...

  • LONDON, July 22- Vodafone reported a better-than-expected 2.2 percent rise in first-quarter organic service revenue, marking an eighth consecutive quarterly rise in its main growth measure, aided by a strong performance in Spain and Germany. "In Europe, our growth remains stable despite regulatory pressure on roaming revenue, with good performance in...

  • SINGAPORE, July 22- Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The inroads into global stockpiles of oil are not as great as anticipated, "said Ric Spooner, chief market analyst at Sydney's CMC Markets.

  • LONDON, July 22- Vodafone reported a better-than-expected 2.2 percent rise in first-quarter organic service revenue, marking an eighth consecutive quarterly rise in its main growth measure, aided by a strong performance in Spain and Germany. Analysts had predicted a flat result in Europe. Faster growing markets in Africa, Middle East and Asia-Pacific grew by...

  • FRIDAY, JULY 22 BEIJING- Chinese Premier Li Keqiang will hold a roundtable with World Bank President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, International Labor Organization Director-General Guy Ryde, Organization for Economic Cooperation and...

  • COLOMBO, July 21- Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. State-owned SriLankan Airlines aims to reduce its debt and is looking for an international partner to...

  • The world's third-largest automaker said it expects adjusted earnings before interest and taxes of $5.50 to $6.00 per share for 2016, up from a previous expectation of $5.25 to $5.75 per share. Second-quarter net income rose to $2.87 billion, or $1.81 a share, from $1.1 billion, or 67 cents a share, a year ago. GM also reported its first quarterly profit in Europe in...

  • CAIRO— Egypt's currency has fallen to new lows on the black market, with media reports saying it had reached levels of about 12 pounds to the dollar. Thursday's slide comes a day after local newspapers carried comments by Central Bank Governor Tarek Amer that were taken to imply that another devaluation was in the works. Years of unrest since the 2011 overthrow of...