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StanChart names new Europe and UK CEO

Standard Chartered LSE:STAN has appointed Margaret Harwood-Jones as its CEO for Europe and the UK, a newly created role overseeing both markets as the bank tries to expand its business there, the lender said on Tuesday.The appointment comes as StanChart tries to win more cross-border business from…

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StocksGB
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South African government sells 2.55 billion rand of bonds at auction

South Africa's government sold 2.55 billion rand ($155.75 million) of its 2033 (ZAR2033=), 2038 (ZAR2038=) and 2042 (ZAR2042=) bonds at auction on Tuesday.For the results, click here and scroll down to Weekly Government Bond Auctions.($1 = 16.3722 rand)

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Bonds
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Italy EU-harmonised CPI slows to 3.1% y/y in June, slightly below forecast

Italian EU-harmonised consumer prices (HICP) rose 0.1% in June from the month before, with the annual inflation rate slowing to 3.1% from May's 3.2%, preliminary data showed on Tuesday, amid high energy costs due to turmoil in the Middle East.The reading was slightly below a median forecast in a Re…

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Economy
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Saudi Arabia's PIF net profit more than doubles, revenue up 9%

Saudi Arabia's Public Investment Fund reported on Tuesday that net profit more than doubled to 65.1 billion riyals ($17.33 billion) in 2025, as revenue rose 9% to 449.9 billion riyals from 413 billion riyals.• Operating profit climbed to 77.9 billion riyals from 34.6 billion riyals, as total assets…

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StocksSA
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Polish grid calls on utilities for more capacity amid heatwave

Polish grid operator PSE has called on power producers to meet their capacity obligations on Tuesday evening to boost generation reserves as the country grapples with a heatwave and low generation from wind farms.The call is a remedial measure that the grid can use when the generation capacity surp…

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Economy
reuters

European gas prices rise amid uncertainty over US-Iran talks

Dutch and British wholeale gas prices rose on Tuesday morning due to uncertainty over U.S.-Iran talks and the impact on navigation through the Strait of Hormuz.The benchmark Dutch front-month contract at the TTF hub (TFMBMc1) was up €0.92 at €43.53/per megawatt hour (MWh) or around $14.22/mmBtu, by…

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Futures
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Indonesia sets July crude palm oil reference price at $1.000,90 per metric ton

Indonesia has set its July reference price for crude palm oil at $1.000,90 per metric ton, a trade ministry regulation showed on Tuesday.The new reference price means that the export tax for CPO next month will be unchanged at $148 per ton. Indonesia also imposes a separate 12.5% export levy on CPO.

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Futures
NEWS reuters

South African cities shuttered as anti-migrant protests spark fear

By Nellie PeytonWorkers stayed home, shops were shut and buses sat idle across South Africa on Tuesday, as demonstrators gathered across the country for anti-immigrant marches that many fear will descend into violence.Many foreign nationals from elsewhere in Africa stayed away from work, and thousa…

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