Author name: Commodities Market Writer

Spanish inflation unexpectedly remained far above the European Central Bank’s 2% target in the first reading since the US-Iran peace deal that’s brought down energy prices.

UK private equity firm Bridgepoint Group Plc has agreed to buy Florida-based Kayne Anderson Real Estate, the group’s first push into US property.

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)

China faces greater uncertainty in forecasting energy demand as structural changes in the economy and the rapid expansion of new industries reshape consumption patterns, according to a top government official.

Pakistan said it carried out an intelligence-based ground operation and “precision” airstrikes along its border with Afghanistan, killing 29 militants in response to earlier deadly attacks.

China’s central bank held its debut overnight reverse repo operation without disclosing the rate of interest it charged on its new instrument, in a surprise move to traders awaiting guidance on borrowing costs.

Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. In a speech in Sydney, Kent, who oversees financial markets at the Reserve Bank, said the cash rate target remains the primary and preferred instrument, but additional tools can play an important role during extraordinary times and provide some extra support. (Source: Bloomberg)