British insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
Indian iron ore miner NMDC Ltd is exploring lithium assets in Africa and Australia and is currently in negotiations, a source with direct knowledge of the matter said on Friday.
Defender Harry Maguire said England have the players who can produce in the big moments and that the squad is ready to win the European Championship in Germany.
Base metals prices mostly fell on Friday and were on track for a weekly decline as a stronger dollar made greenback-priced metals more expensive to holders of other currencies.
(RTTNews) - Stock markets in Europe are seen opening on weak note on Friday amidst anxiety about central bank monetary policies. The Dollar's rebound triggered by the monetary policy divergence also weighed on sentiment.
Malaysian palm oil futures dipped slightly on Friday with the market set for its first weekly loss in five as it consolidated after a recent bullish episode, while lower edible and crude oil prices also added to the decline.
The Indian rupee dropped to its lowest level in more than three months on Friday, tracking the weakness in its Asian peers and pressured by sustained dollar demand from local importers.
Iron ore futures were mixed on Friday, but set for a weekly gain, aided by mounting anticipation of a pick-up in demand in top consumer China amid signs of improving steel consumption.
China's commerce minister Wang Wentao said he hoped HP Inc would deepen its footprint and increase innovation and investment in the Chinese market, the commerce ministry said on Friday.
Indian government bond yields rose slightly in early trades on Friday, as states surprised traders with yet another record debt sale for the holiday-truncated last week of the financial year.
British insurer and asset manager Legal & General has shelved a plan to obtain a China business license and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
Japanese government bonds were boxed in a tight range on Friday, supported by Bank of Japan's bond buying even as the central bank said it will eventually scale back such purchases.
The Australian and New Zealand dollars on Friday were headed for a second straight week of losses against a resurgent U.S. dollar, pressured in part by a sudden slide in the Chinese yuan.
Peruvian healthcare and insurance provider Auna S.A. on Thursday set the pricing of its initial public offering (IPO) below its targeted range, to raise about $360 million.
China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency.
China's electricity demand is expected log faster growth this year and climb 8.3%, according to the country's energy regulator - an estimate that tops other predictions.
Thailand's finance ministry hopes to see monetary policy easing soon, a senior official said on Friday, adding that inflation was slowing and was expected to be at 1% for the year, bottom of the 1% to 3% target range.
Reuters
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