News

China's banking regulator issued new rules on Friday allowing wealth management products publicly sold by banks to invest in equity-related mutual funds, giving WMPs an indirect way to buy stocks and potentially benefiting the share market. Previously, such WMPs were only allowed to invest in money market and bond funds.

HSBC said full service was quickly restored after some customers were temporarily unable to use their mobile banking apps on Friday.

Kenya's economy expanded faster in the second quarter of this year than in the same period last year due to better performance in agriculture, manufacturing, accommodation and food services, the statistics office said on Friday.

South African investors including Allan Gray, Investec's asset management arm and Old Mutual are backing litigation against crisis-hit Steinhoff in the Netherlands, they said on Friday.

Britain's markets watchdog is launching a study into how insurers charge for home and motor coverage amid concerns that costs can be higher for long-standing customers than new ones.

* For poll data: reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/asset-allocation-polls

Shares of Tesla Inc dived 11 percent in early trading on Friday after U.S. regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company.

* Not clear if Zhuhai Zhenrong, another major lifter, has cut

* Gina Miller: UK's battle over EU membership must end (Adds Gina Miller)

China will not repeat last year's blanket production cuts in heavy industries such as steel this winter.