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  • TOKYO, Aug 20- Citigroup Inc is preparing to sell its Japanese retail banking operations, a source with direct knowledge of the matter said on Wednesday, as it waves the white flag on a venture plagued by regulatory troubles and anaemic lending.

  • Japanese government bonds attract overseas buyers Wednesday, 20 Aug 2014 | 3:13 AM ET

    Data from the Japan Securities Dealers Association showed that foreign net purchases of JGBs, excluding treasury bills, totalled 1.28 trillion yen, the largest amount since June 2012.

  • Japan trade deficit widens, exports up slightly Wednesday, 20 Aug 2014 | 12:06 AM ET

    TOKYO— Japan's trade deficit rose in July from the month before to a wider than expected 964 billion yen, though exports were higher for the first time in three months, the government said Wednesday. Japan recorded an 822 billion yen deficit in June.

  • Asia stocks make slight gains, await Yellen speech Wednesday, 20 Aug 2014 | 12:01 AM ET

    KEEPING SCORE: Hong Kong's Hang Seng was up 0.1 percent at 25,154.62 while Japan's Nikkei 225 was little changed at 15,441.70. Taiwan's Taiex rose 0.4 percent to 9,278.81 while Seoul's Kospi shed 0.1 percent to 2,068.73.

  • Japan trade deficit widens; exports up slightly Tuesday, 19 Aug 2014 | 10:27 PM ET

    TOKYO— Japan's trade deficit rose in July from the month before to a wider than expected 964 billion yen, though exports were higher for the first time in three months. Japan recorded an 822 billion yen deficit in June. Japan's demand for imports has moderated in recent months as business activity slowed following an increase in the national sales tax.

  • TOKYO, Aug 20- Asian stocks were steady on Wednesday after strong U.S. housing data lifted Wall Street shares, helping nudge Treasury yields higher and keeping the dollar well bid against the euro and yen. MSCI's broadest index of Asia-Pacific shares outside Japan was flat.

  • TOKYO, Aug 20- Asian stocks were steady on Wednesday after strong U.S. housing data lifted Wall Street shares, helping nudge Treasury yields higher and keeping the dollar well bid against the euro and yen. Tokyo's Nikkei gained. 0.2 percent and South Korea shares rose 0.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was flat.

  • WASHINGTON, Aug 19- NGK Spark Plug Co has agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the U.S. Department of Justice said on Tuesday.

  • Panasonic Corp, Fujitsu Ltd and others, seeking niche business opportunities to offset a downturn in demand for their consumer electronics, are touting automated greenhouses and sensor-controlled fields that ensure constant conditions to produce high-quality vegetables all year-round.

  • NEW YORK, Aug 19- Hitachi Metals Ltd, a producer of specialty steel and automotive parts, said on Tuesday it would acquire Waupaca Foundry Inc, the world's largest iron castings provider, from buyout firm KPS Capital Partners LP for $1.3 billion in cash. Hitachi Metals, which is listed in Tokyo, has a market capitalization of $7.3 billion.

  • TOKYO, Aug 19- The dollar steadied on Tuesday after Monday's gains on upbeat U.S. housing data and a rise in U.S. bond yields, but traders are waiting for hints on Federal Reserve policy intentions before they test major resistance levels.

  • JGBs dip as risk appetite returns, 20-yr sale eyed Monday, 18 Aug 2014 | 10:08 PM ET

    TOKYO, Aug 19- Japanese government bond prices dipped on Tuesday as receding geopolitical worries restored some risk appetite and pushed equities higher. JGB losses were limited, however, as the market expected decent demand at the 1.2 trillion yen 20- year bond auction.

  • TOKYO, Aug 19- The dollar held firm on Tuesday after a solid U.S. housing data and a rise in U.S. bond yields on the back of hopes of an easing of geopolitical tensions.

  • In June 2013, Bank of Tokyo-Mitsubishi agreed to pay $250 million to New York State for deleting information from $100 billion in wire transfers that authorities could have used to police transactions with Iran and other sanctioned countries.

  • PriceWaterhouseCoopers to pay $25M in bank case Monday, 18 Aug 2014 | 10:38 AM ET

    ALBANY, New York— PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly altered a report about Bank of Tokyo Mitsubishi laundering money.

  • *Europe stocks rebound from Friday's Ukraine- inspired drop. Oil falls $1 on reduced Ukraine tension, Libya supply. LONDON, Aug 18- European stocks rallied and prices of top-rated bonds fell on Monday as investors breathed easier over the crisis in Ukraine, which had appeared to escalate dangerously on Friday.

  • Japan: Is bad news good news?     Monday, 18 Aug 2014 | 4:50 AM ET

    Ben Collett, head of Japan and Asian equities at Sunrise Brokers, discusses Japan's economy and outlines which sectors and stocks he likes best in the country.

  • *Oil drops $1 on reduced tension over Ukraine, Libya supply. It fell broadly on Friday after the government in Kiev said its artillery had partially destroyed a Russian armoured column, while Russia denied its forces had crossed into Ukraine.

  • FOREX-Carney buoys sterling, dollar under pressure Monday, 18 Aug 2014 | 4:07 AM ET

    *Carney tells Sunday Times UK rates may rise before pay recovers. LONDON, Aug 18- Sterling was the main mover on major currency markets on Monday, recovering from last week's multi-month lows after the Bank of England said interest rates might have to rise before wage inflation picks up.

  • *Gold recovers after dropping below $1,300. SINGAPORE, Aug 18- Gold recovered modestly on Monday to trade just above $1,300 an ounce as escalating tensions in Ukraine sapped risk appetite, hurting stocks and bidding up safe-haven assets. "There was some selling as Tokyo and China opened this morning sending gold to session lows," said a trader in Sydney.