Sterling would rise if the opposition Labour Party won an election, the party’s finance policy chief John McDonnell told the Sunday Times, playing down the idea that a socialist government could trigger capital flight.
Japan-South Korea feud deepens with disputed accounts of trade meeting
A row between Japan and South Korea escalated on Saturday, with contested accounts of a frosty meeting the day before that had failed to make progress on a dispute that could threaten global supplies of microchips and smartphone displays.
Oil prices firm on tropical storm and geopolitical tensions
Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.
Strong currency props up Indian rice rates, wider demand subdued
Rice export prices in India extended gains this week helped by a stronger rupee, while expectations of fresh supplies entering the market weighed on Thai rates along with muted demand across major paddy-growing countries.
British billionaire Dyson snaps up Singapore’s priciest penthouse
British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car.
Exclusive: Russian output falls to three-year low as oil rivals clash
Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft and the country’s biggest producer Rosneft.
Swine fever in China among risks to food markets – FAO/OECD
The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the FAO and OECD said on Monday.
Lagarde ‘uniquely qualified’ to head ECB: Coeure
European Central Bank policymaker Benoit Coeure defended on Sunday the nomination of outgoing International Monetary Fund head Christine Lagarde to lead the ECB, calling her “uniquely qualified” after critics said she lacked relevant experience.
India to closely monitor shadow lending sector: Sitharaman
India will closely monitor its shadow lending sector, the finance minister said on Saturday, a day after announcing the RBI would get much more regulatory authority over non-banking financial companies (NBFCs).
Delayed Airtel Africa’s $4.4 billion Nigeria listing to go ahead on Monday
Airtel Africa aims to list on the Nigerian bourse on Monday, one of the financial advisors arranging the issue said, after the exchange postponed the listing which had been scheduled for Friday.