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Namibia Bans Poultry Imports from Denmark, Netherlands

WINDHOEK, Aug 11 Reuters Namibia has suspended imports of live poultry, birds, and poultry products from Denmark and the Netherlands following the outbreak of highly pathogenic avian influenza in the two European countries. European countries have borne the brunt of avian influenza, commonly called bird flu, in recent years which has led to the culling […]
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Russian CB to Hold Emergency Rate Meeting as Rouble Tumbles

MOSCOW, Aug 14 Reuters Russia39;s central bank will hold an extraordinary meeting on Tuesday to discuss the level of its key interest rate, it said on Monday, as the sharply weakening rouble prompted calls for higher borrowing costs. President Vladimir Putin39;s economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. […]
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PBOC seen Leaving Policy Loan Rate Unchanged on Tuesday

SHANGHAISINGAPORE, Aug 14 Reuters China39;s central bank is expected to keep rates on its mediumterm policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. Tumbling credit growth and rising deflation risks in July have called for more monetary easing measures to arrest the slowdown, market watchers said, but a weakening […]
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Bittrex to Pay 24M to Settle with US Securities Regulator

Aug 10 Reuters Bittrex has agreed to pay 24 million to settle claims by the U.S. Securities and Exchange Commission that the cryptocurrency exchange failed to register with the agency, according to a filing in Seattle federal court on Thursday. The SEC sued Bittrex Inc and its former CEO William Shihara in April, saying they operated […]
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Apple Supplier Foxconn Cautious Despite Beating Earnings Forecasts

TAIPEI, Aug 14 Reuters Apple supplier Foxconn beat estimates for secondquarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties. The world39;s largest contract electronics maker downgraded its outlook for fullyear revenue to a slight decline from a previous guidance of flat as […]
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Rupee Weakens but Dollar Demand from Importers Caps Upside

MUMBAI, Aug 11 Reuters The Indian rupee weakened on Friday tracking its Asian peers after U.S. inflation data, which, while lowerthanexpected, prompted comments from a Federal Reserve official that more progress is needed to combat inflation. The rupee was at 82.74 against the dollar by 1042 a.m., down from 82.7125 on Thursday. The Korean won […]
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Pound Breaks 3Day Losing Streak on UK GDP Beats Forecasts

LONDON, Aug 11 Reuters The pound broke three straight days of losses on Friday after data showed the British economy grew more than expected in June, which boosted sterling slightly against the dollar and the euro. British economic output grew by 0.5 in June, figures from the Office for National Statistics showed on Friday, above expectations in […]
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Indian Shares End Flat after Volatile Session

BENGALURU, Aug 14 Reuters Indian shares closed mostly unchanged Monday, though they recovered from a more than onemonth low hit earlier in the session as gains in heavyweights Reliance Industries and IT stocks offset losses in metal stocks. The Nifty 50 index ended mostly flat at 19,434.55, while the SP BSE Sensex closed up 0.12 to 65,401.92. […]
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