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Vice President Joe Biden traded strong arguments Wednesday over China's contentious new air defense zone, with little indication of progress toward defusing a situation that is raising anxieties across Asia and beyond.
LONDON, Dec 5- European shares looked to be stabilising after three days of sustained selling on Thursday, as focus turned to the European Central Bank's monthly meeting for any sign it is readying further support measures.
SHANGHAI, Dec 5- China's state television accused foreign carmakers of charging domestic customers more for repair costs than in other markets, singling out Audi, Subaru and Jaguar Land Rover Ltd in the latest of a series of programmes targeting foreign firms.
*CEO says addressing technical issues to push London launch. SINGAPORE, Dec 5- CME Group says the delayed launch of its first overseas bourse could come in London in the first quarter of 2014, as the top U.S. futures market operator intensifies its focus on overseas growth.
SYDNEY, Dec 5- Asian markets were mostly under water on Thursday as persistent speculation about the fate of U.S. stimulus lifted bond yields globally, while Japanese shares struggled to find their footing after a spill.
*Asian shares subdued after soft Wall St, Nikkei off again. SYDNEY, Dec 5- Asian markets were mostly under water on Thursday as never-ending speculation about the fate of U.S. stimulus lifted bond yields globally, while Japanese shares struggled to find their footing after a spill.
Vice President Joe Biden said on Thursday that China's recent announcement of an air defence identification zone over the East China Sea had caused apprehension in the region, and that he was firm about the U.S. stance on the move during talks in Beijing.
TOKYO, Dec 5- Japan's Nikkei fell on Thursday, adding to the previous session's worst one-day drop in six weeks, as investors stayed cautious ahead of Friday's U.S. jobs report that may give more clues as to when the Federal Reserve will reduce its stimulus.
*Wall Street higher after weak start on mixed data. NEW YORK/ LONDON, Dec 4- Stocks edged higher after a weak start on Wall Street on Wednesday, while Treasury yields rose after strong data on U.S. private-sector jobs growth and home sales raised expectations that the Federal Reserve will roll back its stimulus sooner than later.
BRUSSELS, Dec 4- EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros on Wednesday for rigging financial benchmarks. The other banks penalised are Societe Generale, JPMorgan and brokerage RP Martin.
TOKYO, Dec 4- The head of Japan's Government Pension Investment Fund, the world's largest, said on Wednesday that the $1.2 trillion fund holds too much in domestic bonds but can lower the weighting by letting bonds mature, without selling from its holdings.
*BlackBerry well-positioned for the long term growth. LONDON, Dec 4- Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are part of a "cautious" strategy he employs to manage Fairfax Financial's $23.3 billion portfolio.
*Japanese education services providers may see demand in China- fund manager. TOKYO, Dec 4- Investors in Japanese stocks are making long-term bets on companies that seem well-placed to benefit from China's plans to relax its one-child policy, with musical instrument makers, toy manufacturers and food companies among their favoured picks.
TOKYO/ SYDNEY, Dec 4- The dollar retreated against the yen and a basket of currencies in Asia on Wednesday as investors locked in profits ahead of major risk events including U.S. jobs data due later in the week.
TOKYO, Dec 4- Japanese government bond prices edged higher on Wednesday, tracking gains in U.S.
HAKODATE, Japan, Dec 4- Bank of Japan board member Takehiro Sato said he saw no need to expand monetary stimulus pre-emptively to counter the pain to the economy from next year's sales tax hike, seeking to dispel speculation of a near-term expansion of its ultra-easy policy.
*Credit Suisse further lifts overweight in Japanese stocks. TOKYO, Dec 4- Japan's Nikkei stock average pulled back on Wednesday from a six-year closing high set the previous day, with investors pocketing gains as the yen was squeezed higher ahead of the U.S.
Asia has long been the fastest growing demand region for the raw materials to power economic growth, but has mostly priced the purchases against benchmarks like Brent crude, London Metal Exchange copper or New York cotton.
TOKYO, Dec 4- For Japan's electronics firms, the kitchen is the final frontier. Companies from Panasonic Corp to Toshiba Corp are diverting engineers and money away from their TV operations and into developing' smart appliances' after losing out in the living room to cheaper Asian rivals.
BRUSSELS, Dec 3- European Union antitrust regulators will impose multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland on Wednesday for rigging key interest rate benchmarks, sources said.