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LONDON, May 24- Investors betting on a continuation of Japan's six-month runaway bull market suffered their biggest scare yet on Thursday as the Nikkei 225 lost more than 7%- its largest one-day loss in more than two years.
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The scenario raises concerns among many economists of what's become known as "sudden stops" in western investment flows to emerging markets- the most spectacular being the 1997/ 98 currency crises across Asia, Russia and Latin America but yet again at the height of the credit crisis in late 2008/ 2009..
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LONDON, May 24- Extreme volatility in the Japanese government bond market could trigger a sell-off on a par with what happened throughout the third quarter of 2003, when local banks and foreign investors were forced to dump their JGB holdings after heightened volatility caused the assets to exceed internal value-at-risk limits.
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May 24- News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.
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*Copper surplus forecast at 98,500 T in Reuters April poll. SINGAPORE/ LONDON, May 24- A series of copper mine shutdowns and supply logjams has prompted some analysts to scale down forecasts for a market surplus, but it would take more disruptions to swing the market into a deficit.
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May 24- News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday.
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*Gold ignores fresh easing from Japan, Australia, Euro zone. LONDON, May 24- Gold prices are looking even more vulnerable after April's price crash, as rampant inflation expected from successive rounds of monetary easing fails to materialise.
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LONDON, May 24- World share markets looked vulnerable to further falls on Friday, with brighter economic news from Europe doing little to encourage investors who are worried that central bank stimulus may be curtailed.
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*German Ifo business climate survey well above forecasts. LONDON, May 24- The euro rose against the dollar on Friday after a German business sentiment survey beat forecasts, suggesting Europe's largest economy is picking up and making further euro zone monetary easing less likely.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold stayed on track for its biggest weekly rise in a month on Friday, supported by a drop in stock markets and comments from a Federal Reserve official that dampened talk the U.S. central bank is set to curb monetary stimulus.
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*Shrinking factory activity in China limits oil demand growth. LONDON, May 24- Oil was poised to post its biggest weekly loss in more than a month, with Brent edging down towards $102 per barrel on Friday- pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
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*Corn edges down, up 1 percent for the week. AMSTERDAM/ SYDNEY, May 24- Chicago Board of Trade soybeans edged lower ahead of a long U.S. weekend, following six sessions of gains, but were still up for the week as tight old-crop stocks and strong demand supported prices.
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*FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct. LONDON, May 24- European shares edged lower on Friday, dragged down by heavyweight bank HSBC and some technical selling as key indexes tested support levels, igniting concerns about further falls.
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LONDON, May 24- Bund futures hit two-month lows on Friday after the German Ifo business survey beat forecasts, although the grim outlook for the euro zone economy limited losses. However, the euro zone as a whole was still expected to contract further, keeping the European Central Bank inclined to ease monetary policy later this year, analysts said.
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LONDON/ SINGAPORE, May 24- Copper was little changed on Friday as investors weighed the potential impact on metals demand of Thursday's data providing a more upbeat U.S. jobs picture but also showing slower industrial activity in top metals consumer China.
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LONDON, May 24- World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed.
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LONDON, May 24- Britain's security services faced questions on Friday over whether they could have done more to prevent the murder of a soldier hacked to death in a busy London street after it emerged that his suspected killers were known to intelligence officers.
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*VKontakte is Europe's largest home-grown network. MOSCOW, May 24- Russia's leading online social network was briefly banned on Friday, in a move dismissed as a "mistake" but which follows intensifying official pressure on the company as President Vladimir Putin consolidates his power.
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LONDON, May 24- A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster.
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*Gold boosted this week by drop in stock markets. LONDON, May 24- Gold steadied on Friday as stock markets stabilised, arresting the metal's rally, though comments from a Federal Reserve official that dampened talk that the U.S. central bank is set to curb monetary policy kept prices firmly underpinned.