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  • *Sydney, Hong Kong store owners report sagging business. SYDNEY/ HONG KONG, Feb 9- Watching a lone browser in his Sydney Chinatown shop, Bing Chen is worried business is being squeezed this Lunar New Year by what's ailing the world economy at large- the weakest Chinese economy in 25 years. "Our customers have halved," said Chen, standing by neatly stacked shelves at his...

  • *Argentina crops benefit during critical weekend. CHICAGO, Feb 8- U.S. soybean futures slid to seven-week lows on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Soybean traders focused on Argentina after storms brought moisture to dry fields during a key time for crop development.

  • *China closed for Lunar New Year holidays. LONDON, Feb 8- Nickel bounced on Monday after touching its lowest in more than 12 years and most other industrial metals also climbed on a weaker dollar and a decline in selling from China. Markets were helped by China's closure for Lunar New Year holidays as there was less selling from funds which have weighed on the market...

  • *Wheat prices fall on Egypt demand uncertainty. LONDON, Feb 8- U.S. soybeans slid to a one-month low on Monday as rains across Argentina eased fears over dry weather curbing yields while wheat also fell as uncertainty about demand from top buyer Egypt kept prices under pressure. Wheat futures were lower weighed by uncertainty about trade with Egypt following the...

  • *France says will support New Caledonia nickel industry. Three-month nickel on the London Metal Exchange lurched down to $7,900 a tonne, the weakest since April 2003, before paring losses to $8,095, down 0.8 percent, by 1127 GMT. We think there's over one million tonnes of nickel inventories around, "said analyst David Wilson at Citi in London.

  • *Focus shifting to Fed testimony, IEA, EIA and OPEC data. LONDON, Feb 8- Crude oil prices eased in thin trade on Monday as a meeting between OPEC producers Saudi Arabia and Venezuela showed little indication that steps would be taken to boost prices. Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between members of the Organization of the...

  • TOKYO— Asian stock markets crept higher Monday in thin holiday trading, with gains kept in check as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1.1 percent to 17,004.30 while Australia's S&P/ASX 200 was flat at 4,975.40. Markets were closed in...

  • *Saudi, Venezuela meet ends with few signs of price boost. TOKYO, Feb 8- Crude oil futures rose on Monday in thin trade as many Asian markets were on holiday for Lunar New Year, with few trading cues expected until Federal Reserve Chair Janet Yellen gives testimony to lawmakers later in the week. U.S. crude futures were also up 30 cents at $31.19, after falling 83 cents to...

  • SYDNEY, Feb 8- Australian Prime Minister Malcolm Turnbull on Monday ruled out a rise in the Goods and Services Tax under pressure from within his own party, further raising the possibility that he may dissolve parliament and call a snap election. "At this stage, I remain to be convinced or persuaded that a tax mix switch of that kind would actually give us the...

  • TOKYO— Asian stock markets were little changed Monday in thin holiday trading as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.1 percent to 16,827.97 while Australia's S&P/ASX 200 was flat at 4,975.00. Markets were closed in China, Hong Kong,...

  • TOKYO, Feb 8- Crude oil futures inched up on Monday in thin trade as many Asian markets were on holiday for Lunar New Year, with few trading cues expected until Federal Reserve Chair Janet Yellen gives testimony to lawmakers later in the week. Global benchmark Brent futures were up 9 cents at $34.157 at 0403 GMT. U.S. crude futures were also up 9 cents at $30.98, after...

  • *Lunar New Year closes most markets, with China off all week. *Wall Street skids, led by technology sector. TOKYO, Feb 8- Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday.

  • GLOBAL MARKETS-Asia slumps in holiday-thinned trade Sunday, 7 Feb 2016 | 7:21 PM ET

    *Lunar New Year closes most markets, with China off all week. TOKYO, Feb 8- Asian shares got off to a rocky start on Monday after mixed U.S. jobs data helped sink shares on Wall Street, but trade was thin with many regional markets closed for the Lunar New Year holiday. With Singapore, Hong Kong and mainland China all closed for the new year holiday, "volumes will be well...

  • LONDON, Feb 5- Copper dropped on Friday after U.S. jobs data left open the potential for a U.S. rate hike later this year, boosting the dollar ahead of the Lunar New Year holiday in China. There's a bit of profit taking, closing out these long positions ahead of the weekend and the Chinese new year, "said analyst Kash Kamal at broker Sucden Financial.

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • January non-farm payrolls at 1330 GMT. LONDON, Feb 5- Copper slipped on Friday as investors squared positions ahead of the Lunar New Year holiday in China, and as they awaited key U.S. jobs data later in the day. The U.S. non-farm payrolls report due at 1330 GMT will be keenly eyed for its impact on the currency.

  • *On track for worst week since May 2009. LONDON, Feb 5- The dollar inched up from a 2-1/ 2- month low on Friday but was on track for its heaviest weekly loss since 2009, as investors awaited U.S. employment data for justification of the view that the Federal Reserve will not raise rates in 2016.. Commerzbank currency strategist Thulan Nguyen, in Frankfurt, said a weak...

  • *Canadian pension funds worried market overheating. *Funds concerned valuations overlook illiquidity. TORONTO, Feb 5- Canada's biggest pension funds say they are walking away from more and more global infrastructure deals, citing concerns that intense competition for assets has driven valuations too far.

  • FOREX-Dollar nurses losses as payrolls report looms Thursday, 4 Feb 2016 | 7:09 PM ET

    TOKYO, Feb 5- The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the latest clues on the outlook for the Federal Reserve's monetary tightening path. "The charts suggest the short dollar/yen trade is still the advantageous trend trade, but with the non-farm...

  • DIARY-Top Economic Events to Feb 17 Thursday, 4 Feb 2016 | 7:00 PM ET

    LONDON- European Central Bank's Supervisory Council member Daniele Nouy to participate in panel discussion at European Banking Authority 5th Anniversary Conference- 1130 GMT. LONDON- Bank of England's Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey to participate in panel...