* China trade numbers suggest deeper slowdown
* Saudis and UAE pledge $8bn to Egypt
* Emerging Stocks Advance as Chinese Equities Surge; Ruble Gains
* IMF slashes global growth forecasts
* Chow Tai Fook jumps on Chinese gold rush
* Bakries offer to sell Bumi stake
* KKR raises record $6bn for second Asian buyout fund
* Cukurova wins legal battle against Alfa over Turkcell
* Storms send Chinese on wheat-buying spree
* EU takes Russia to WTO over vehicle recycling fees
China trade numbers suggest deeper slowdown
Chinese exports and imports both fell in June, underlining the economy’s weakness and raising the prospect of a deeper slowdown in the months ahead. Exports fell 3.1 per cent from a year earlier, compared with a 1 per cent increase in May, and far below the 10.4 per cent average increase for the first half of 2013.
Saudis and UAE pledge $8bn to Egypt
Saudi Arabia and the United Arab Emirates have pledged a total of $8bn to Egypt to help prop up its ailing economy, highlighting the shake-up in regional political power after last week’s military coup in Cairo.
Emerging Stocks Advance as Chinese Equities Surge; Ruble Gains
Emerging-market stocks rose for a second day amid speculation Chinese policy makers will take steps to boost growth after exports unexpectedly dropped in June.
IMF slashes global growth forecasts
The International Monetary Fund has slashed its growth forecasts for 2013 and 2014 as it warned of a slowdown in key emerging markets and a more protracted recession in the euro area.
Chow Tai Fook jumps on Chinese gold rush
Shares in Chow Tai Fook jumped 13 per cent on Wednesday after the world’s biggest jeweller reported soaring revenues from China’s April gold rush.
Bakries offer to sell Bumi stake
Indonesia’s powerful Bakrie family is proposing to sell its entire 23.8 per cent stake in Bumi, the London-listed coal miner, to Samin Tan, the company’s chairman and major shareholder.
KKR raises record $6bn for second Asian buyout fund
KKR has raised a record $6bn for its second big Asian buyout fund in a sign that investors are confident the New York private equity group can build on its successful record in the region.
Cukurova wins legal battle against Alfa over Turkcell
Mehmet Karamehmet, one of Turkey’s best known businessmen, has won a long-sought victory over Russia’s Alfa Group in a legal battle over control of Turkcell , the country’s leading mobile group. But he still faces challenges in a saga in which the Turkish state has played an increasing part.
Storms send Chinese on wheat-buying spree
Rainstorms in China have sent Chinese traders on a global wheat-buying spree, providing support to global wheat prices at a time when plentiful harvests in the US are driving prices down.
EU takes Russia to WTO over vehicle recycling fees
The EU has filed its first-ever case against Russia at the World Trade Organisation, challenging vehicle recycling fees that the bloc says discriminate against imports.
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