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China's central bank slows sovereign bond purchase in June

China's central bank bought 10 billion yuan ($1.47 billion) worth of sovereign bonds on the open market in June, down from 50 billion yuan in the previous month, a statement showed on Thursday.($1 = 6.7886 Chinese yuan renminbi)

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Bonds

Coffee climbs to five-month highs on crop concerns

Coffee futures rose to five-month highs on Thursday, buoyed by crop concerns in top producers Brazil and Vietnam, while white sugar surged to a 9-1/2-month peak.COFFEE* Robusta coffee ICEEUR:RC2! gained 2.6% to $3,868 a metric ton by 1015 GMT after climbing to a five-month peak of $3,920.* Dealers…

Reuters en
Futures

Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:** SoftBank's LY Corp TSE:4689 and Bain Capital have again raised their bid for Kakaku.com TSE:2371, valuing the Japanese price-comparison website operator at 670 billion yen ($4.12 billion) and widening t…

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StocksJP
NEWS reuters

Thai federation revises May car production to 11.43% y/y fall 

The Federation of Thai Industries said on Thursday it has revised its figures for car production in May, with output at 123,276 units, down 11.43% year on year.It previously said production fell 17.94% year on year to 114,214 units.

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Economy
reuters

Argentina power firm Genneia files for US IPO

Argentine power producer Genneia filed for an initial public offering in the U.S. on Thursday.The company and selling shareholders plan to sell shares in the offering.The listing comes after a strong second quarter for the U.S. IPO market as a steady flow of large deals and SpaceX's NASDAQ:SPCX rec…

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StocksARUS
NEWS reuters

Austrian Supreme Court upholds ex-billionaire Benko's fraud conviction

Austria's Supreme Court on Thursday upheld ex-billionaire Rene Benko's first of two convictions for insolvency-related fraud, for which he was sentenced to two years in prison, but ordered a retrial on a second count on which he had been found not guilty.The conviction related to a €300,000 ($342,4…

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corp_bond

AstraZeneca signs CSPC China deal for experimental kidney disease drugs

AstraZeneca LSE:AZN has entered into a deal worth up to $1.77 billion with CSPC Pharmaceutical Group HKEX:1093 to discover and develop experimental medicines with the potential to treat kidney diseases, the Chinese drugmaker said on Thursday.CSPC's Hong Kong stock exchange filing did not disclose t…

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StocksCNGB