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UPDATE 1-S.Africa's main metals employer body accepts govt proposal to end strike  

(Recasts with employers accepting govt proposal) JOHANNESBURG, July 22 (Reuters) - South Africa's main metals employer body has "reluctantly" accepted a government proposal to raise wages by up to 10 percent, it said on Tuesday, raising hopes of an end to a strike sapping the continent's most advanced economy. The Steel and Engineering Industries Federation of South Africa (SEIFSA) said striking unions had until Friday to accept the offer, which it warned could lead to heavy job losses....More

UPDATE 1-Mercedes-Benz exec says not aware of any price probe in China  

(Recasts with quotes from executive, spokesman) SHANGHAI, July 22 (Reuters) - A China executive at Daimler AG's Mercedes-Benz said he was not unaware that the company was under any government probe into spare part prices. Local and foreign media reported last week that Mercedes-Benz as well as other foreign car makers were being probed by the National Development and Reform Commission (NDRC), the country's price regulator, for possibly over-charging customers in China....More

Update-Moody's assigns (P)A3/(P)P-2 to Mercedes-Benz Finansman Türk A.S  

Mercedes-Benz Finansman Turk A.S For the full text of this story please click the following link:

South African employer body says accepts govt proposal to end strike  

JOHANNESBURG, July 22 (Reuters) - The main employer body in South Africa's metals and engineering federation has accepted a government proposal to raise wages by as much as 10 percent, it said on Tuesday, raising hopes of an end to a strike by more than 200,000 workers. The Steel and Engineering Industries Federation of South Africa said unions led by the National Union of Metalworkers of South Africa have until Friday to accept the offer. (Reporting by Tiisetso Motsoeneng; Editing by Stella Mapenzauswa)...More

UPDATE 1-Rheinmetall forms new JV with China's Hasco  

* KS Aluminium-Technologie, Hasco subscribe to 50-50 JV * New JV will boost castings business -Rheinmetall * JV plans reported earlier by Handelsblatt (Adds confirmation and comment from Rheinmetall) FRANKFURT/BERLIN, July 22 (Reuters) - Rheinmetall will shift a unit making aluminium engine blocks to a joint venture with China's Hasco to help finance growth at its automotive business, the German defence group said on Tuesday....More

BRIEF-China's Beiqi Foton Motor to sell compressed natural gas autos  

July 22 (Reuters) - Beiqi Foton Motor Co Ltd * Says signs contract to sell 58 compressed natural gas autos, to help promote clean energy products in domestic and overseas markets Source text in Chinese: Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)...More

China shares show robust gains, helped by auto policy and high metals prices  

HONG KONG, July 22 (Reuters) - A Chinese market index of the leading Shanghai and Shenzhen A-share listings closed at its highest in three months on Tuesday, with gains coming in heavy volumes as autos, banking and property sectors all strengthened. The CSI300 index rose 1.2 percent to close at the highest since April 23. The Shanghai Composite Index gained 1 percent at 2,075.48 points, its highest close since June 16. Tuesday was the best single day for both indexes since June 10....More

NORDIC STOCKS - Factors to watch on July 22  

(Updates Kesko and Caverion) HELSINKI, July 22 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday: NORSK HYDRO The Norwegian aluminium producer reported disappointing second-quarter earnings, even as global primary aluminium demand grew at the top end of its forecast range. The firm said its underlying operating profit rose to 544 million crowns ($88 million), missing expectations for 698 million crowns in a Reuters poll....More

TABLE-SPK -Q1 group results  

Jul 22 (Reuters)- SPK Corp CONSOLIDATED FINANCIAL HIGHLIGHTS (in billions of yen unless specified) 3 months ended 3 months ended Year to Jun 30, 2014 Jun 30, 2013 Mar 31, 2015 LATEST YEAR-AGO LATEST RESULTS RESULTS FORECAST Sales 8.92 8.04 37.00 (+11.0 pct) (+0.8 pct) (+5.2 pct) Operating 295 mln 248 mln...More

Trelleborg Q2 core profit beats forecast  

STOCKHOLM, July 22 (Reuters) - Swedish industrial rubber maker Trelleborg reported second-quarter core profits above expectations on Tuesday and said it saw demand in the third quarter on par with that in the second. Operating profit, excluding items affecting comparability and joint venture TrelleborgVibracoustic, rose to 802 million crowns ($117.1 million) from 723 million a year earlier, while analysts had forecast a 792 million profit in a Reuters poll....More
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