BDC partners
BDC is formalising procedures that will enable the company kick-start its dairy business with a foreign investor. BDC announced it has identified a dairy production partner and could not reveal the name of its new partner.

KPMG recruits
KPMG announced that it is looking at recruiting Managers for its Audit Services department who will assist clients with the preparations of financial statements and establish working relationships with clients.

Copper falls
Copper prices fell for a second day in New York and London on concern that a report will show a further cooling of the economy in the U.S., the world’s second-biggest user of the metal after China.

Investec shares
International, specialist bank and asset manager Investec plc said this week it has completed the placing of 22 million new ordinary shares of the company and Investec at 475 pence per share, raising £104.5 million.

Yen surges
The yen rose toward a 15-year high against the dollar Wednesday, sending benchmark government bond yields below 1% and adding pressure on Japanese policymakers to keep the fragile economic recovery on course.

Index sector rises
Germany’s seasonally adjusted services business activity index rose to 56.5 in July from 54.8 in June, a final report from Markit Economics showed Wednesday.

Sterling slips
Sterling slipped on Wednesday after a weaker-than-expected reading of the UK services sector highlighted the possibility the economy may struggle to match the growth it posted in the first half of the year.

China cools
China’s economy will cool further this quarter as fiscal pump-priming starts to fade and the restocking cycle draws to a close.  GDP will slow to 9.2 percent from 10.3% in Q2. [SOURCES: Bloomberg, Yahoo Finance, Reuters. Additional reporting by Botswana Guardian]