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S.African rand falls as dollar gains on global growth fears

(Updates to reflect afternoon trade) JOHANNESBURG, Aug 15 (Reuters) - The South African rand fell on Monday as the U.S. dollar edged higher on global markets after disappointing economic data from China reinforced global recession worries. At 1525 GMT the rand ZAR=D3 traded at 16.4300 against the dollar, down 1.47% from its previous close. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday.
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Venezuela's gold reserves drop six tonnes in the first half of 2022

CARACAS, Aug 15 (Reuters) - The Venezuelan central bank's gold reserves dropped by six tonnes as of June 2022, according to the bank's first-half balance sheet published in a local media outlet last week and seen by Reuters on Monday. The quantity of gold bars in the bank's vaults at the end of the first half of the year was equivalent to 73 tonnes, the lowest in 50 years, according to notes on the bank's financial statements.

Third Point re-invests in Disney, pushes for changes including ESPN spinoff

By Svea Herbst-Bayliss and Dawn Chmielewski Aug 15 (Reuters) - Hedge fund Third Point on Monday unveiled a new position in Walt Disney Co DIS.N and made a string of suggestions, ranging from spinning off cable sports channel ESPN to share buybacks to new board members, to improve the company's fortunes. Billionaire investor Daniel Loeb, who runs Third Point, made a U-turn on Disney by buying a stake in the second quarter not long after he liquidated the firm's position in Disney during the first

Brazil central bank chief flags March 2024 inflation outlook as 2023 worsens

(Recasts with central bank chief's comments, details on monetary policy) BRASILIA, Aug 15 (Reuters) - Brazil's central bank chief on Monday defended policymakers' focus on 12-month inflation through March 2024 over the 2023 year-end rate due to one-off tax changes, contributing to signals that the bank may be done raising interest rates. Central Bank President Roberto Campos Neto said the slightly longer horizon improved policymaking, as tax breaks on essential goods this year are expected to cr

Global stocks fall, U.S. dollar gains after surprise China data

* Wall Street indexes trade lower * China's central bank cuts rates after disappointing data * Dollar index gains * Oil prices fall * Safe-haven gold drops 1% * Benchmark 10-year yields weaken (New throughout, updates with U.S. markets) By Chibuike Oguh New York, Aug 15 (Reuters) - Global equities fell and the U.S. dollar rose on Monday after weaker-than-expected economic data in China prompted the country's central bank to cut its lending rate, raising concerns of a global recession.
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U.S. home builder sentiment, New York state factory activity drop

Aug 15 (Reuters) - U.S. single-family homebuilders' confidence and New York state factory activity fell in August to their lowest levels since near the start of the COVID pandemic, a further sign the economy is softening as the Federal Reserve raises interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index fell 6 points to 49 this month, the eighth consecutive monthly decline and the lowest reading outside of the pandemic era since 2014, a survey released on Mon

Peru's GDP grows 3.44% in June y/y

MEXICO CITY, Aug 15 (Reuters) - Peru's economy expanded 3.44% in June compared with a year earlier, the government said on Monday. In the same report, the country's statistics agency INEI posted that Peru, the world's second largest copper producer, grew 3.54% year-on-year in the first six months of the year. Reporting by Isabel Woodford

Ghana to raise water, electricity tariffs by more than 20%

ACCRA, Aug 15 (Reuters) - Ghana will raise its water and electricity tariffs by more than a fifth in September, its utilities regulator said on Monday, as the West African country grapples with soaring inflation, debt and a depreciating currency. The average end-user tariffs for electricity and water will increase by 27.15% and 21.55% respectively, the Public Utilities Regulatory Commission (PURC) said in a statement, citing increased power costs, inflation and foreign exchange rates among the r

Kenya bonds tumble as senior officials disown election results

LONDON, Aug 15 (Reuters) - Kenya's dollar-denominated government bonds fell on Monday after a number of top election officials disowned the country's yet-to-be-confirmed presidential results and scuffles broke out in the hall where they were due to be announced. The bonds were down as much as 2.2 cents on the dollar, with the 2024 maturity XS1028952403=TE falling the most, according to Tradeweb data.

Precious metals fall as dollar firms, gold hits 1-week low

* Gold hit its lowest since Aug. 8 * Silver, palladium and platinum fall over 3% By Ashitha Shivaprasad Aug 15 (Reuters) - Gold fell over 1% to its lowest in a week on Monday amid sharp declines across precious metals due to a stronger dollar, with concerns over further rate hikes by the U.S. Federal Reserve adding to pressure on bullion. Spot gold XAU= slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug.
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Latam currencies slide as China worries dent risk appetite

By Susan Mathew Aug 15 (Reuters) - Brazil's real and Mexico's peso fell against the dollar on Monday, tracking other emerging market currencies as worries about China's economic growth dented risk appetite, while Hungary's forint was set for its worst session since May against the euro. The forint's EURHUF= 1.7% slide was triggered by rating agency S&P lowering Hungary's credit rating outlook to negative from stable.
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Third Point re-invests in Disney, pushes for changes including ESPN spin off

BOSTON, Aug 15 (Reuters) - Hedge fund Third Point on Monday unveiled a new position in Walt Disney Co DIS.N and made a string of suggestions, ranging from spinning off cable sports channel ESPN to share buybacks to new board members, to improve the company's fortunes. Billionaire investor Daniel Loeb, who runs Third Point, made a u-turn on Disney by buying a stake in the second quarter not long after he liquidated the firm's position in Disney during the first quarter.

Dollar bid on global growth fears after weak Chinese data

* Graphic: World FX rates Link By Karen Brettell NEW YORK, Aug 15 (Reuters) - The safe-haven dollar bounced on Monday while commodity sensitive currencies including the Australian dollar tumbled after a new batch of disappointing Chinese data bolstered global recession worries. Chinese industrial output, retail sales and fixed-asset investment all fell short of analyst estimates in data published on Monday, as a nascent recovery from draconian COVID-19 lockdowns faltered.
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Ukraine investors ask credit committee if debt freeze is credit event

LONDON, Aug 15 (Reuters) - Investors have asked the Credit Derivatives Determinations Committee (CDDC) if a "restructuring credit event" occurred in a two-year debt freeze of $20 billion of Ukraine's overseas bonds, according to a statement on Monday. The decision is pending and the committee has no meetings scheduled after the question was submitted.

German energy market would collapse without gas levy - Habeck

BERLIN, Aug 15 (Reuters) - Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister Robert Habeck said on Monday. "The alternative would have been the collapse of the German energy market, and with it large parts of the European energy market," Habeck told reporters in Berlin.
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S&P 500, Dow slide as weak China data stokes slowdown worries

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * China unexpectedly cuts key rates as economic data disappoints * Indexes off: Dow 0.41%, S&P 0.41%, Nasdaq 0.09% (Updates prices to open) By Bansari Mayur Kamdar and Susan Mathew Aug 15 (Reuters) - U.S. stock indexes fell on Monday, mirroring global markets, after weak economic data from China rekindled fears of an economic slowdown in the world's second-largest economy.
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Yields lower as China data renews global economy concerns

By Davide Barbuscia NEW YORK, Aug 15 (Reuters) - U.S. Treasury yields were slightly lower on Monday as weak economic data from China renewed concerns over the health of the global economy, while the market continued to assess to what extent a slowdown in inflation could impact the U.S. Federal Reserve's monetary tightening policies. In a surprise move, China's central bank cut key lending rates on Monday to revive demand as data showed the economy slowed in July, with factory and retail activity

Foreigners lift Chinese government bond holdings for first time since Jan

SHANGHAI, Aug 15 (Reuters) - Overseas investors increased their holdings of Chinese government bonds last month for first time since January, official data showed, although their total holdings of Chinese debt declined for the sixth consecutive month. Foreign holdings of yuan bonds traded on China's interbank market stood at 3.51 trillion yuan ($520 billion) at the end of July, down from 3.57 trillion yuan a month earlier, the People's Bank of China (PBOC) said on Monday.

Baltic index extends slide as capesize rates hit 6-month low

Aug 15 (Reuters) - The Baltic Exchange's main sea freight index .BADI fell for the third straight session on Monday as rates for capesize vessels declined to their lowest in more than six months. * The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, lost 73 points, or 4.9%, to 1,404 points, its lowest since Jan.

Wall St slips at open as weak China data sparks slowdown fears

Aug 15 (Reuters) - Wall Street's main indexes opened lower on Monday, mirroring global markets, after weak economic data from China rekindled fears of an economic slowdown in the world's second-largest economy. The Dow Jones Industrial Average .DJI fell 50.35 points, or 0.15%, at the open to 33,710.70. The S&P 500 .SPX opened lower by 10.78 points, or 0.25%, at 4,269.37, while the Nasdaq Composite .IXIC dropped 50.56 points, or 0.39%, to 12,996.63 at the opening bell.
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