The private-side Chinese purchasing manager's index, run by HSBC, rose into growth for June, with a score of 50.8.

The emerging world is divergent, something which catch phrases like BRIC might hide.

*Pure Technology today announced winning a 3-yr $4 mn leak and tapping detection contract for Kahramaa's large-diameter pipes delivering desalinated water in Qatar (United Arab Emirates) to be filled via its Abu Dhabi sub.

We sold half our Bombardier too soon, or perhaps not. A top exec of the Canadian plane-maker today said it would get its C-series jets in the air by late 2015, but unless it figures out why an engine fire last week broke out, the schedule “is not secure”.

A 2nd Spanish company has signed up to escape the clutches of Gazprom. Iberdrola SA will buy $5.6 bn of natural gas from Cheniere Energy of the US.

Chris Loew, our Japan correspondent, writes on the contradictions of current Japanese economic policy; plus more financial news from Canada, India, Russia, Britain, Hong Kong, Denmark, Japan, Israel, Brazil, Jordan, Australia, and South Africa, including three quarterly reports.