German investor sentiment improves in August as recovery hopes rise - Reuters
BERLIN (Reuters) - Investor sentiment in Germany picked up more than expected in August, a ZEW survey showed on Tuesday, reflecting hopes that Europe’s biggest economy is on the road to recovery after the devastation caused by the coronavirus pandemic.
The ZEW survey of investors’ economic sentiment rose to 71.5 from 59.3 points the previous month, far exceeding a forecast for 58.0 in a Reuters poll of economists.
“Hopes for a speedy economic recovery have continued to grow,”
Lebanese call for downfall of president, other officials over Beirut blast - Reuters
BEIRUT (Reuters) - Angry and grieving protesters on Tuesday read aloud the names of at least 171 people killed in last week’s explosion at Beirut port and called for the removal of Lebanon’s president and other officials they blame for the tragedy.
Gathered near “ground zero”, some carried pictures of the victims as a large screen replayed footage of the mushroom cloud that rose over the city on Aug. 4 after highly-explosive material stored for years detonated, injuring some 6,000
Britain's Prudential to exit U.S. business, focus on Asia, Africa - Reuters
LONDON (Reuters) - British life insurer Prudential ( PRU.L ) said on Tuesday it planned to spin off its U.S. business Jackson to focus on Africa and its largest market Asia, responding to investor pressure for a split.
Prudential’s shares hit eight-week highs as investors cheered news the company would follow in the footsteps of
GLOBAL MARKETS-World stocks rise, markets bet on U.S. Congress stimulus deal - Reuters
* Dollar slipping and stocks on the march
* MSCI AxJ +1%, Nikkei +1.85%, Hang Seng +2.3%
* U.S.-China trade talks eyed
* Asian stock markets: tmsnrt.rs/2zpUAr4 (Updates throughout, changes byline and dateline)
By Sujata Rao
LONDON, Aug 11 (Reuters) - World stocks inched to 5-1/2 month highs on Tuesday, lifted by bets a U.S. fiscal stimulus package will be
UK's Domino's Pizza profit slips as virus dents orders, adds costs - Reuters India
(Reuters) - Domino’s Pizza Group Plc posted a 2.7% dip in first-half operating earnings on Tuesday, hurt by a fall in overall orders and the additional costs of cooking and delivering its pizzas safely in the coronavirus outbreak.
Britain
WeChat U.S. ban worries to cloud Tencent results as investors seek clarity - Reuters
HONG KONG (Reuters) - China’s Tencent Holdings will be under pressure to address concerns on the impact of a U.S. ban on WeChat-related transactions and outline its plans to mitigate any fallout as it reports second-quarter results on Wednesday.
The ban, to take effect in September and the latest salvo in a worsening
European shares end near 3-week high as auto, travel sectors rally - Reuters
(Reuters) - European stocks hit a near three-week high on Tuesday, as U.S. stimulus bets and encouraging data out of China and Germany galvanised growth-linked cyclical sectors like travel and leisure, banking and automakers.
The pan-European STOXX 600 index closed 1.7% higher, with Wall Street's S&P
Hong Kong goods for export to U.S. to be labelled made in China - Reuters
(Reuters) - Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted on Tuesday.
The move follows China’s imposition of a national security law on Hong Kong and a U.S. decision to end
Belarusian opposition leader flees abroad citing safety of her children - Reuters
MINSK (Reuters) - Belarusian opposition leader Svetlana Tikhanouskaya said on Tuesday she had fled abroad for the sake of her children after strongman leader Alexander Lukashenko’s claim of victory in Sunday’s presidential election prompted bloody street protests.
Tikhanouskaya, a 37-year-old former English teacher who took her husband’s place on the ballot after he was jailed, fled to neighbouring Lithuania. She urged her compatriots not to oppose the police and to avoid putting their lives in danger.
But unrest erupted for a third
UPDATE 3-Uniper may have to write down Nord Stream 2 loan if pipeline fails - Reuters Africa
* Uniper is a financial backer of Nord Stream 2 project
* Risk of non-completion is increasing
* Uniper has committed to fund up to 950 mln eur (Adds German, Russian foreign ministers, paragraph 4)
By Christoph Steitz and Tom Käckenhoff
FRANKFURT/DUESSELDORF, Aug 11 (Reuters) - German utility Uniper on Tuesday said it may have to impair a loan provided to the planned Nord Stream 2 gas pipeline if the project collapses in the face of U.S. sanctions.
“Pressure