UPDATE 4-Canadian finance minister's job appears unsure, markets fret over distraction

(Adds details about potential replacements, analyst quote about former central bank governor Mark Carney) By David Ljunggren and Fergal Smith OTTAWA/TORONTO, Aug 11 (Reuters) – Canadian Finance Minister Bill Morneau’s job appeared uncertain on Tuesday after reports he had clashed with Prime Minister Justin Trudeau, prompting analysts to fret about Ottawa becoming distracted as it tackles the coronavirus crisis. The […]

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China's factory deflation slows in July as recovery gains strength

BEIJING (REUTERS, BLOOMBERG) – China’s factory deflation eased in July, driven by a rise in global oil prices and as industrial activity climbed back towards pre-coronavirus levels, adding to signs of recovery in the world’s second-largest economy. The producer price index (PPI) fell 2.4 per cent from a year earlier in July, the National Bureau of Statistics (NBS) said in […]

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EMERGING MARKETS-U.S.-China trade talks in focus as Malaysia dips

* Graphic: World FX rates tmsnrt.rs/2egbfVh * Malaysian glove makers drag shares lower * Chinese factory deflation boosts hopes of economic recovery * South Korean stocks hit over 2-year high By Nikhil Nainan Aug 10 (Reuters) – Asia’s emerging currency and stock markets were mixed on Monday as some improvement in Chinese factory data countered nervousness ahead of a round […]

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Emergency lending to Scottish businesses falls short, UK data shows

* Scottish small firms get proportionally less than pre-crisis * Mid-sized firms in London offered bigger loans than regions * Finance minister Sunak says funds reaching ‘every corner of UK’ * Graphic: tmsnrt.rs/3gAzWHU By Iain Withers and Sinead Cruise LONDON, Aug 7 (Reuters) – A regional breakdown of emergency loans to small firms in Britain during the coronavirus crisis shows […]

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Uber's food-delivery business doubles; COVID-19 eviscerates rides demand

Aug 6 (Reuters) – Uber Technologies Inc said demand for its food-delivery service more than doubled in the second quarter as many users remained largely homebound, while demand for ride-hailing trips was only marginally recovering from pandemic rock-bottom. The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before […]

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Afreximbank commits $400 mln to Mozambique LNG project

JOHANNESBURG, Aug 6 (Reuters) – Cairo-based African Export-Import Bank has committed $400 million in loans and guarantees to Mozambique’s $20 billion liquefied natural gas (LNG) project, the multilateral lender said on Thursday. Afreximbank’s move follows a similar commitment for the same sum by The African Development Bank last month. “The … financing will be used to partially finance … activities […]

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CEE MARKETS-FX up, mirrors euro gains; zloty shrugs off COVID-19 spike

By Radu-Sorin Marinas BUCHAREST, Aug 4 (Reuters) – The Polish zloty and the Czech crown led Central European currency gains on Tuesday, mirroring the euro’s firming against the dollar, while shrugging off a spike in new coronavirus infections in the region’s biggest economy. The euro, which strengthened 5% at the dollar’s expense last month, inched up 0.2% on the day, […]

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GRAPHIC-Go your own way: US and UK bonds part ways from Germany and Japan

(Repeats item that first ran on Monday, no changes to text) By Dhara Ranasinghe and Sujata Rao LONDON, Aug 3 (Reuters) – Sovereign borrowing costs have taken another lurch lower as more COVID-19 outbreaks threaten economic recovery, yet five months after the pandemic panic first hit, a divergence is opening up within four of the world’s biggest bond markets. While […]

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