Pakistan and Argentina bonds’ surge belies bigger reform hurdles

By Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two nations have secured only enough help to limp to autumn elections, experts said. The rally in international bonds issued by the two countries has intensified…

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China June coal output rebounds from six-month low as heatwave boosts demand

By Muyu Xu BEIJING/SINGAPORE (Reuters) – China’s average daily coal production rebounded in June from a six-month low the prior month, official data showed on Monday, as miners ramped up output to meet increasing demand from power generators amid a heatwave. China churned out 390.1 million metric tons of coal last month, up 2.5% from…

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Australia’s Endeavour shares hit record low as poker machine regulations land

By Byron Kaye and Himanshi Akhand (Reuters) – Shares of Endeavour Group, Australia’s biggest pub owner, hit a record low on Monday after a surprise state government decision to impose identification checks and gambling limits on poker machine users. Victoria, Australia’s second-most populous state, said at the weekend it would make poker machine users register…

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