UPDATE 2-LME to ban metal tainted by child labour or corruption

LONDON () – The London Metal Exchange (LME) could ban or delist brands that are not responsibly sourced by 2022 under an initiative launched on Tuesday to help root out metal tainted by child labor or corruption. FILE PHOTO: Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018.

Zimbabwe’s Econet plots Botswana Mascom listing by October

FILE PHOTO: Econet Wireless Chairman and Founder Strive Masiyiwa takes part in a panel discussion titled « Investing in African Prosperity » at the Milken Institute Global Conference in Beverly Hills, California May 1, 2013. /Gus Ruelas GABORONE () – Zimbabwean billionaire Strive Masiyiwa plans to list part of his Botswana telecoms operator Mascom by October this year,

BlackRock will not back Bayer management in AGM vote -sources

FILE PHOTO: The company logo and trading information for BlackRock is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 30, 2017. /Brendan McDermidLONDON/FRANKFURT () – Fund manager BlackRock will not support Bayer’s management in a key vote at its annual general meeting (AGM) on

Sheremetyevo airport’s co-owners may sell 30 pct stake

MOSCOW () – Private shareholders in Moscow’s Sheremetyevo airport may sell a 30 percent stake to raise money for a potential purchase of Russia’s 30.5 percent holding at a later date, the chairman of Sheremetyevo’s board Alexander Ponomarenko told . FILE PHOTO: A view shows the Sheremetyevo International Airport’s Terminal B ahead of the 2018

UPDATE 1-Pulte new home orders top forecasts as mortgage rates ease

FILE PHOTO: A new home sub-division built by Pulte Homes is seen in Novi, Michigan April 8, 2009. /Rebecca Cook () – PulteGroup Inc beat analysts’ estimates for first-quarter profit on Tuesday, as demand for new houses benefited from a fall in mortgage rates due to the Federal Reserve’s reining in its campaign of monetary

UPDATE 3-Amazon strengthens ties with French food retailer Casino

PARIS () – E-commerce giant Amazon and French retailer Casino are expanding their partnership, with Amazon installing pick-up lockers in Casino stores and making more of the French company’s products available on Amazon. The move, which follows an initial co-operation between Casino’s upmarket Monoprix supermarket chain and Amazon in Paris, could re-ignite speculation of a

Britons feel a boost in their finances from rising wages – survey

FILE PHOTO – Office workers are seen in the London Place business district near Tower Bridge in central London February 9, 2011. /Toby Melville/File Photo LONDON () – British households reported the strongest growth in at least a decade in their earnings from work, a survey showed on Tuesday, suggesting that consumers and their spending

China to announce rules soon to regulate commercial rocket industry

BEIJING () – China’s national space agency said on Tuesday it will soon announce rules to regulate commercial rocket manufacturing, test flights and launches, state media reported, as the number of private startups in the nascent sector surged in the past year. A space law has been included in the legislative plan of parliament, and

Italy, Greece debt rose in 2018, bucking euro zone trend- Eurostat

BRUSSELS, April 23 () – Public debt in Greece and Italy, the two most indebted countries of the euro zone, grew last year while the bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. The widening gaps in Greece and Italy, although expected, are seen

Zelenskiy faces battles with Ukraine’s hostile parliament

KIEV () – Before Ukraine’s new president Volodymyr Zelenskiy was even elected, an opposition leader was plotting to curb his powers and make it easier for him to be impeached. A lawmaker uses his mobile phone before a new session of Ukrainian parliament in Kiev, Ukraine September 6, 2016. Picture taken September 6, 2016. /Gleb

MIDEAST STOCKS-Q1 results lift Saudi, real estate hurts Dubai

April 23 () – Saudi Arabia’s stock market rose on Tuesday, lifted by a string of corporate earnings announcements for the first quarter, while real estate shares weighed on the Dubai index. Saudi Arabia’s index climbed 0.4 percent, with Riyad Bank gaining 3.2 percent to reach its highest in 13 years. The lender posted a

Concerns on pace of policy easing drag China shares lower

SHANGHAI, April 23 () – Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance. ** At the close, the Shanghai Composite index was down 0.51 percent at 3,198.59. The index flirted

REFILE-UPDATE 1-Ferrexpo says CSR partner could have ‘misappropriated’ funds

() – Iron ore pellet producer Ferrexpo Plc on Tuesday said some funds of a charity in Ukraine it donates to could have been “misappropriated” as indicated by findings of an ongoing independent investigation. The Ukraine-focused company said although the Independent Review Committee’s investigation – launched in February – into Blooming Land’s use of Ferrexpo’s

Japan’s Meiji Yasuda says it will increase foreign bond holdings

TOKYO, April 23 () – Japan’s Meiji Yasuda Life Insurance Co plans to increase foreign bond holdings with and without currency hedges in the fiscal year through March 2020, a senior company executive said on Tuesday. The country’s third-largest private life insurer with assets of around 38.5 trillion yen ($349 billion) also said it aims

OBITUARY-Grand Duke Jean of Luxembourg dies at 98

FILE PHOTO: Luxembourg’s Grand Duke Jean waves from his car during a visit to the Belgian northern city of Ghent, Belgium November 19, 1999. /Benoit Doppagne/File PhotoBRUSSELS – Luxembourg’s Grand Duke Jean, who oversaw the transformation of the Grand Duchy into an international financial center before abdicating and handing over to his son, has died

UPDATE 1-ECB’s Coeure sees no argument for tiered deposit rate: FAZ

BERLIN () – European Central Bank board member Benoit Coeure sees no reason for creating a tiered deposit rate that exempts banks from part of an ECB charge on their idle cash, he said in an interview published on Tuesday. FILE PHOTO: Benoit Coeure, board member of the European Central Bank (ECB), is photographed during

China shares extend declines on policy support concerns

* SSEC -0.4 pct, CSI300 flat, HSI -0.1 pct * Top-level meeting calls for policy “fine-tuning” * Easing stimulus could see sentiment swing lower – UBS analyst SHANGHAI, April 23 () – Chinese shares edged lower on Monday, extending sharp declines hit in the previous session, but a see-saw trade reflected investor uncertainty over how

SE Asia Stocks-Indonesia rises; others trade flat-to-lower

* Indonesian stocks rise after profit taking on Monday * Philippine stocks down; trading thin in wake of earthquake By Ambar Warrick April 23 () – Indonesian stocks rose, while most other Southeast Asian markets traded flat-to-lower on Tuesday as concerns over China slowing its pace of policy easing kept early trading subdued. Chinese stocks

Indian junk bonds make a comeback, issuance soars

HONG KONG, April 23 () – Sales of Indian junk bonds have made a big comeback in 2019, almost tripling to hit a five-year high, boosted by a risk-on rally prompted by a dovish U.S. Federal Reserve that has given the Asia market a record start to the year. Indian companies have sold $3.7 billion

UPDATE 2-S.Korea’s Asiana Airlines to receive $1.4 bln support from creditors

FILE PHOTO: A view of the Asiana Airlines’ head office in Seoul, Aug. 8, 2013. /Kim Hong-JiSEOUL () – South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country’s finance minister said on Tuesday, alleviating liquidity problems after a bruising month. Asiana Airlines’ biggest