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Asia Economy

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  • JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.

  • TREASURIES-Prices lower on no change in global tensions Tuesday, 22 Jul 2014 | 11:06 AM ET

    CPI rises 0.3 percent, Treasuries trim losses. *Geopolitics still a big factor. NEW YORK, July 22- U.S. long-term Treasury debt prices fell on Tuesday as safe-haven demand weakened in line with a rise in stocks, with investors hopeful tensions in the Middle East and Ukraine will ease.

  • LONDON, July 22- Gold steadied on Tuesday, paring earlier losses as the dollar gave up some of its gains against the euro after U.S. consumer price data pointed to a gradual buildup of inflationary pressure. Gold could benefit from a higher CPI as the metal is often considered a hedge against inflation.

  • NEW YORK, July 22- U.S. stock index futures rose on Tuesday as a cascade of earnings landed and inflation data was tame, while hopes rose for an easing of tensions in Ukraine.

  • *EU foreign ministers meeting eyed for message to Russia. LONDON, July 22- The dollar rose to its strongest against the euro in almost six months on Tuesday ahead of U.S. inflation numbers for June which should add to a picture of growing divergence between the U.S. and European economies.

  • This fragmentation is mirrored in the first-half import picture from China, the world's largest user of industrial metals and raw materials. A couple of years ago it was customary to view China's metals trade as a proxy for the health, or otherwise, of the country's manufacturing economy.

  • Policy insiders are concerned that China's reform agenda is being sidelined by a focus on stimulus to meet the government's growth target.

  • BEIJING, July 22- Policy insiders are concerned that China's ambitious reform agenda is being sidelined by a focus on stimulus to meet the government's growth target, delaying the planned overhaul of the world's second-largest economy.

  • *Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.

  • *Economists say Germany's fundamentals still solid. FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.

  • *Sees 3rd- qtr profit of $1.46- $1.54/ shr vs est $1.45. July 21- Staffing company ManpowerGroup Inc reported better-than-expected second-quarter results and forecast third-quarter profit above analysts' expectations, helped by a pick up in hiring in Europe.

  • July 21- Staffing company ManpowerGroup Inc reported a 5.6 percent rise in quarterly revenue, helped by a recovery in hiring in Europe. The company's revenue increased to $5.32 billion, with revenue from Europe rising 9 percent to $3.50 billion.

  • The loss of momentum in Germany, Europe's biggest economy, will concern policymakers who are watching for any impact on the bloc from the Ukraine crisis and Israel's ground offensive in Gaza. Economists polled by Reuters earlier this month expected second-quarter growth of 0.2 percent in Germany, followed by 0.5 percent in each of the following five quarters.

  • HONG KONG, July 21- China's yuan weakened against the dollar on Monday, extending last week's losing streak as investors judged the latest growth numbers would not trigger a fresh bounce in the currency in the near term as the broader economic outlook remains cloudy.

  • SAO PAULO, July 18- Brazilian beef exports to China will increase by more than $1 billion next year following the decision by the world's second-largest economy to lift an embargo on Brazilian beef, the president of an industry group said on Friday.

  • Chinese premier: Growth below 7.5% ‘acceptable’ Thursday, 17 Jul 2014 | 11:50 PM ET

    Premier Li said economic growth of slightly more or less than 7.5 percent would be acceptable as long it still led to new jobs and higher wages.

  • China’s tourist spends $1,000-plus a day on average Thursday, 17 Jul 2014 | 6:23 PM ET
    A shopper looks at a Furla SpA wallet inside a Furla store in Hong Kong, China, on Thursday, Feb. 6, 2014.

    Chinese tourists have become some of the biggest spenders abroad, according to a new report, averaging over $1,000 a day.

  • *Rate cut is in line with market consensus. ISTANBUL, July 17- Turkey's central bank trimmed its main interest rate for a third consecutive month on Thursday but resisted the deep cuts sought by Prime Minister Tayyip Erdogan weeks ahead of a presidential election.

  • Markets roiled by fresh US sanctions on Russia Thursday, 17 Jul 2014 | 4:03 AM ET

    The strong performance of Wall Street indexes is at odds with the modest growth prospects of the U.S. economy and the same contradiction also prevails in Europe and parts of Asia. In early European trading, Britain's FTSE 100 was down 0.4 percent to 6,759.68 and France's CAC 40 dipped 0.5 percent to 4,349.28.

  • After hybrid success, Toyota gambles on fuel cell Thursday, 17 Jul 2014 | 2:29 AM ET

    TOKYO— Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.

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