COLUMN-Seaborne coal market may shrink, total demand won't: Russell LAUNCESTON, Australia, Sept 3- It's tempting to mould events to suit your view of how the world should be, and there seems to be plenty of that in the coal debate. They have been heartened by recent news of the closure of a small coal mine in Australia and the decision by the city council of Australia's Newcastle, home to the world's biggest coal export harbour, to divest...
UPDATE 1-Japan Display CEO hints at strong Apple orders ahead of new iPhone launch *Japan Display's biggest client says "give us more"- CEO. TOKYO, Sept 3- Japan Display Inc Chief Executive Mitsuru Homma on Thursday said the screen maker's "biggest client", widely understood to refer to Apple Inc, is increasing orders ahead of the expected launch of a new iPhone this month. iPhone activations in China had accelerated over the past few weeks and the App...
| By: Ritsuko Ando and Reiji Murai
French carmakers duel over Iran *Renault takes aim at Peugeot in Iran. PARIS, Sept 3- France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has hit a setback in its bid to reclaim that throne: domestic rival Renault. Now Renault plans to use $560 million of its cash that had been trapped in Iran to seize the advantage, after July's international deal to lift...
| By: Laurence Frost
Japan Display CEO hints at strong Apple orders ahead of new iPhone launch TOKYO, Sept 3- Japan Display Inc Chief Executive Mitsuru Homma on Thursday said the screen maker's "biggest client", widely understood to refer to Apple Inc, is increasing orders ahead of the expected launch of a new iPhone this month. "I continue to believe China represents an unprecedented opportunity over the long term," Cook wrote in remarks that sparked a...
Gold slips on firmer dollar ahead of US jobs data Gold added to overnight losses on Thursday, hurt by a stronger dollar and equities, and as investors awaited a key U.S. jobs report later this week to gauge the timing of a Federal Reserve rate hike.
Nikkei rises as bargain hunters enjoy temporary respite amid China break TOKYO, Sept 3- Japan's Nikkei share average rose for the first time in four days on Thursday as gains on Wall Street boosted sentiment and bargain hunters flocked to recently battered stocks. Traders said global markets were getting some respite from worries about China, as markets there are closed on Thursday and Friday for ceremonies to mark the end of World...
| By: Ayai Tomisawa
Fosun wants to be brave when everyone is panicking The Hong Kong-listed Fosun group may now have to switch its focus after a series of large acquisitions in recent years, the Financial Times reports.
Source: Financial Times
| By: Malcolm Moore and Martin Arnold
UPDATE 2-Ackman's Pershing Square hedge fund drops 9.2 percent in Aug BOSTON, Sept 2- Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told clients on Wednesday that...
| By: Svea Herbst-Bayliss and Richard Valdmanis