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  • TOKYO, June 30- Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines. Brent crude futures were down 3 cents at $61.98 a barrel at 0624 GMT, after falling to $62.01 on Monday, their weakest...

  • MELBOURNE, June 30- London nickel careened down 8 percent on Tuesday to six-year lows and Shanghai nickel tumbled to its limit after the Shanghai exchange broadened delivery options, sparking a stampede by investors for exits. London nickel, which peaked above $21,000 in May last year but has since fallen by half, had been a top pick for investors who bet that...

  • Brent crude futures were down 16 cents at $61.85 a barrel at 0200 GMT, after falling to $62.01 on Monday, their weakest finish since June 5. U.S. crude dropped 20 cents to $58.13, having closed down $1.30 at $58.33 a barrel, its lowest settlement since June 8. "Greece is still the word," said Ben Le Brun, market analyst at OptionsXpress in Sydney.

  • June 29- Former Xstrata boss Mick Davis' X2 Resources is in "serious" talks to purchase some of Rio Tinto Plc's Australian coal assets, the Financial Times reported citing people familiar with the matter. A sale of Rio's thermal coal assets in New South Wales would be the biggest divesture by the company under Chief Executive Sam Walsh, for the past two and a half...

  • DIARY- Top Economic Events to July 10 Monday, 29 Jun 2015 | 8:01 PM ET

    LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. LONDON- Bank of England's Paul Fisher speaks at the Financial Times Future of Insurance event- 0840 GMT. VIENNA- European Central Bank Governing Council member Ewald Nowotny to give a keynote speech at "Raiffeisen...

  • MBIA and AMAG are big market movers Monday, 29 Jun 2015 | 4:27 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:. MBIA Inc., down $1.95 to $6.37. National Bank of Greece, down 31 cents to 97 cents.

  • WikiLeaks says NSA spied on French business Monday, 29 Jun 2015 | 4:21 PM ET

    PARIS— WikiLeaks has released documents that it says show that the U.S. National Security Agency eavesdropped on France's top finance officials and high-stakes French export bids over a decade in what the group called targeted economic espionage. France and the U.S. didn't immediately respond to the release in French publications Mediapart and Liberation...

  • TORONTO, June 29- General Electric on Monday said it agreed to sell its fleet management arm in the United States, Mexico, Australia and New Zealand to Canada's Element Financial for $6.9 billion, moving it a step further in its plan to shed financial assets. The sale is part of a plan unveiled in April to divest about $200 billion in GE Capital assets as it moves away...

  • FAIRFIELD, Conn.— General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. GE recently announced it would sell most of GE Capital over the next two years for about $26.5 billion. GE Capital Chairman and CEO Keith Sherin said in a written statement that the company is on track to sell off...

  • MELBOURNE, June 29- London nickel skidded to its lowest in six years on Monday, as risk aversion over Greece compounded selling pressure set off by weak stainless steel demand and chart-based sales. LME inventory is dropping... a few months more of robust China import trade and I can see price appreciation towards the end of the year, "said analyst Dan Morgan at UBS in...

  • Switzerland's Novartis buys US biotech firm Spinifex Monday, 29 Jun 2015 | 4:03 AM ET

    BERLIN— Swiss drug manufacturer Novartis says it is buying Spinifex Pharmaceuticals, a U.S.-based biotechnology company that specializes in developing treatments for chronic pain. Novartis didn't disclose financial details Monday of the agreement to buy privately held Spinifex, which has its headquarters in Stamford, Connecticut, and an office in...

  • June 29- Canada's Element Financial Corp said it will buy General Electric Co's fleet management operations in the United States, Mexico, Australia and New Zealand for C $8.6 billion in cash. The sale would be part of a plan it unveiled in April to divest about $200 billion in GE Capital assets as it moves away from finance and focuses on manufacturing industrial...

  • BASEL, Switzerland, June 29- Swiss drugmaker Novartis AG boosted its presence in pain management on Monday by agreeing to buy U.S.-Australian biotech firm Spinifex Pharmaceuticals, the companies said in separate statements on Monday. Spinifex said Novartis was paying $200 million upfront and Spinifex shareholders could get further payments based on...

  • *Investors eyeing Iran nuclear negotiations. TOKYO, June 29- Oil prices fell on Monday, with U.S. crude dipping below $59 per barrel to an almost three-week low, after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude was down 79 cents at $62.47 a barrel by 0505 GMT, after rising 6 cents to $63.26 a barrel on Friday.

  • Asian stock markets sink after Greece closes banks Sunday, 28 Jun 2015 | 11:21 PM ET

    BEIJING— Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts. Tokyo's Nikkei 225 index fell 2 percent to 20,283.98 points. Market benchmarks in Taiwan, Singapore and New Zealand also fell sharply.

  • Oil prices fall after Greek imposes capital controls Sunday, 28 Jun 2015 | 11:09 PM ET

    *Investors eyeing Iran nuclear negotiations. TOKYO, June 27- Oil prices fell in early Asian trade, with U.S. crude dropping below $59 after Greece imposed capital controls as lenders refused to extend the country's bailout. Brent crude for August delivery was down 81 cents at $62.45 a barrel by 0300 GMT, after rising 6 cents to $63.26 a barrel on Friday.

  • WELLINGTON, June 29- Euro exchange rates fell in Asia early on Monday after Greece failed to strike a deal with its international lenders to secure more emergency funding at the weekend, forcing it to introduce capital controls and keep its banks shut. "Greece is not out of the euro yet, but they've only got 48 hours left." A failure by Greece to repay a 1.6 billion-euro...

  • Sydney's crazy housing market no mere craze Saturday, 27 Jun 2015 | 9:00 PM ET

    *Home price growth in Sydney in double digit percentage. *Sydney property also luring Asian money. SYDNEY, June 28- Outlandish property prices make daily headlines in Sydney- a peeling 1900 s three-bed with no kitchen sink for A $2.6 million, a parking space in Kirribili for A $120,000- and first-time buyers have little prospect of relief.

  • Enticing lonely Americans to support ISIS Saturday, 27 Jun 2015 | 4:36 PM ET
    ISIS fighter, North American ISIS fighter, Islamic State

    ISIS is explicitly at odds with the West, but is making a relentless effort to recruit Westerners into its ranks for propaganda value.

  • DIARY- Top Economic Events to July 9 Friday, 26 Jun 2015 | 8:01 PM ET

    VIENNA- ECB Governing Council member Ewald Nowotny to speak on "Investment Financing in Austria- Importance of investment offensive for Europe"- 0700 GMT. LONDON- Reserve Bank of Australia Governor Glenn Stevens speaks at an event hosted by Official Monetary and Financial Institutions Forum- 0840 GMT. VIENNA- ECB Governing Council member Ewald Nowotny to give a...