Foreigners cut China Debt, Dump Equities in July IIF

SHANGHAI, Aug 4 Reuters Foreign investors continued to cut holdings in Chinese bonds in July and dumped equities for the first time in four months, according to a report by the Institute of International Finance IIF. Emerging markets posted a fifth straight month of portfolio outflows, setting the longest such streak in records going back […]
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Russia Becomes Indias ThirdLargest Coal Supplier in July

NEW DELHI, Aug 4 Reuters Russia became India39;s thirdlargest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coalmint showed. Russia has historically been the sixthlargest supplier of coal to India, behind Indonesia, South Africa, Australia, and the United States, […]
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Australias Big Four Banks Raise Mortgage Rates

Aug 4 Reuters Australia39;s Big Four banks raised their home loan variable interest rates on Thursday, after the country39;s central bank hiked rates earlier this week. Commonwealth Bank of Australia, Australia and New Zealand Banking Group, National Australia Bank and Westpac Banking Corp increased their mortgage rates to match the hike announced by the central bank. The new […]
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Oil Prices Stabilise after Drop to near 6Month Low

Tight global supply offers price support analysts Saudi, UAE save oil firepower in case of winter supply crisis OPEC agrees to raise oil output target by 100,000 bpd Oil prices to trade between 90100bbl range analysts LONDON, Aug 4 Reuters Oil prices were broadly steady on Thursday as the market weighed tight supply against fears […]
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