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  • SEOUL, Feb 12- South Korea and the United States are expected to begin talks next week on possible deployment of an advanced U.S. missile defence system following North Korea's recent rocket launch, officials said on Friday, as Seoul cut power to a factory park run jointly with the North. The discussions would focus on placing one Terminal High Altitude Area...

  • London, Feb 12- Copper gained on Friday along with oil and shares after upbeat U.S. data offered hope of a rebound in economic growth, but metals investors were on edge ahead of the reopening of Chinese markets next week. Federal Reserve raising interest rates despite signs of an economic slowdown in the United States. However, Fed Chair Janet Yellen on Thursday...

  • Feb 12- Now markets have delivered their verdict on inflation- it's not picking up any time soon- economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. Sweden's Riksbank also slashed its repo rate to -0.50 percent on Thursday, partly as insurance against expectations that...

  • *Traders wait for China to reopen with nervousness. London, Feb 12- The price of copper rose on Friday along with oil and European shares on expectations of dovish comments from a senior U.S. Benchmark copper on the London Metal Exchange was trading up 0.7 percent at $4,478 a tonne at 1117 GMT but is on track for its biggest weekly drop in a month.

  • LONDON, Feb 12- The yen was firm on Friday, on track for its biggest weekly rise against the dollar since late 2008, as deepening worries about global growth and whether policymakers have enough ammunition to respond to it underpinned flows into safe-haven currencies. Japanese officials stepped up their attempts to talk the yen down, with Finance Minister Taro...

  • A customer holds a 100 Yuan note at a market in Beijing.

    Hedge fund manager Kyle Bass' call for an imminent China banking crisis is already getting push-back, with Deutsche Bank calling it unlikely and exaggerated.

  • The adjustment path of the emerging market debt bubble mainly hinges on what happens in the state-controlled part of the Chinese economy.

  • TOKYO— European stocks rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12- year low. Germany's DAX was up 1.4 percent at 8,873.93 and Britain's FTSE 100 rose 1.7 percent to 5,631.27. Shares in Germany's Commerzbank AG jumped 17 percent after it announced its first dividend since 2007 and upbeat...

  • SEOUL, South Korea— The closure of a factory park in North Korea jointly run by both Koreas has robbed the impoverished North of a rare source of legitimate hard currency. The bank has been publishing estimates of North Korea's economy since 1991. The Bank of Korea said North Korea's combined imports and exports that year were about $9.9 billion, including $2.4...

  • China H-Shares

    China's market is likely to follow the trend but to a lesser degree, says Daniel So, strategist at CMB International Securities.

  • John Pauslon

    The U.S. is not facing another financial crisis and the market's overreaction could be a value opportunity, hedge fund manager John Paulson says.

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar nursed losses on Friday that have put it on course for steep weekly drops against major currencies, with many investors favouring the perceived safe-haven appeal of the yen amid sinking global markets. Japanese Finance Minister Taro Aso adopted stronger rhetoric, saying...

  • *Rising yen, falling stocks undermines Japan's economy. TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday the government would take necessary steps to deal with currency volatility, the minister's strongest hint of intervention since the yen began its surge this month. The dollar fell below 111 yen on Thursday to hit its lowest level since October...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • *Rapid drop vs yen leads to speculation of Japan intervention. TOKYO, Feb 12- The dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's slid. "The BOJ's negative interest rate policy has less effect on encouraging more liquidity by banks but...

  • TOKYO, Feb 12- Japanese Finance Minister Taro Aso said on Friday he hopes the Group of 20 finance leaders gathering in Shanghai later this month will consider a global policy response in the wake of the recent market turmoil. "I want to consider if there are ways that the G20 countries can cooperate in response to recent market turmoil," Aso told reporters at a...

  • *Nominates Samuel Merksamer, John Paulson to board. Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. Sandler O'Neill& Partners LP analyst Paul Newsome said the deal...

  • Feb 11- American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss. AIG said it had agreed to nominate Paulson, a billionaire investor and president of Paulson& Co, and a managing...

  • AIG is facing pressure from activist investor Carl Icahn to split into three- an idea that has been rebuffed by Chief Executive Peter Hancock. The insurer, which has frozen its employee pension plan, is looking to cut its gross general operating expenses by another $1.6 billion by the end of 2017.. AIG reported an after-tax operating loss attributable to the...

  • WASHINGTON, Feb 11- Christine Lagarde was virtually assured a second term leading the International Monetary Fund on Thursday when nominations for the job closed with no challengers. The U.S. Treasury Department supported her re-appointment, adding to earlier endorsements and other signals of support from China, Germany, Britain, France, Italy and Mexico.