* Shell misses market expectations amid trouble in Nigeria
* Zimbabwe election: police warn against leaking early results
* Emerging Stocks Halt Six-Day Drop on China Data; Danamon Slumps
* Chinese manufacturing data mixed in July
* DBS bid for Indonesia’s Danamon collapses
* Police ordered to disperse Cairo protest camps
* Latin American countries rail against IMF over Greek bailout
* Lacklustre GDP data push Ukraine towards fresh IMF bailout
* India plans liberalisation measures to boost capital inflows
Shell misses market expectations amid trouble in Nigeria
Royal Dutch Shell reported “disappointing” second-quarter profits of $4.6bn, well below market expectations, reflecting currency effects, rising costs and the worsening situation in Nigeria.
Zimbabwe election: police warn against leaking early results
Zimbabwe police vowed to crack down on any attempts to leak early results from Wednesday’s poll, complicating plans by some civic groups to pre-empt official announcements by the country’s election commission.
Emerging Stocks Halt Six-Day Drop on China Data; Danamon Slumps
Emerging-market stocks rose for the first time in seven days as Chinese manufacturing unexpectedly strengthened and higher oil prices boosted producers. Anhui Conch Cement Co. (914) and Aluminum Corp. of China gained more than 2 percent in Hong Kong. OAO Rosneft, Russia’s largest oil producer, climbed the most in almost three weeks in Moscow after crude advanced for a second day. PT Bank Danamon Indonesia (BDMN) plunged the most since 2009 in Jakarta after DBS Group Holdings Ltd. ended a $6.5 billion bid to control the lender.
Chinese manufacturing data mixed in July
An official measure of manufacturing activity in China showed a slight expansion in July, defying expectations that growth had turned negative last month. However, a separate, independent survey published at the same time by HSBC showed a “marked deterioration of business conditions faced by Chinese manufacturers.”
DBS bid for Indonesia’s Danamon collapses
The largest attempted bank takeover in Asia for at least two years collapsed on Wednesday after DBS, Singapore’s largest bank by assets, said it would walk away from a planned S$9.1bn (US$7.1bn) purchase of a controlling stake in Indonesia’s Bank Danamon after hitting regulatory barriers in Jakarta.
Police ordered to disperse Cairo protest camps
The government in Egypt has authorised police to take “all necessary measures” to disperse two large Islamist protest camps in Cairo, raising the possibility of fresh bloodshed that could further undermine the chance of national reconciliation.
Latin American countries rail against IMF over Greek bailout
Brazil’s representative to the International Monetary Fund’s executive board abstained from approving the fund’s new €1.8bn contribution to Greece this week and issued a stinging criticism, arguing that Athens might be unable to repay its rescue loans.
Lacklustre GDP data push Ukraine towards fresh IMF bailout
Ukraine’s economy contracted 1.1 per cent in the second quarter, year on year, according to government figures that add impetus to the government’s bid to seek further assistance from the International Monetary Fund.
India plans liberalisation measures to boost capital inflows
India’s Congress-led government is considering a sovereign bond issue and liberalising overseas borrowing rules for companies and foreign direct investment rules, to ensure sufficient foreign capital inflows to finance its current account deficit.
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