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  • Brent climbs above $108 after plane downed in Ukraine Friday, 18 Jul 2014 | 12:23 AM ET

    SINGAPORE, July 18- Brent futures climbed above $108 a barrel on Friday, extending sharp overnight gains amid heightened geopolitical concerns after a Malaysian jetliner was shot down over eastern Ukraine.

  • *Ukraine says rebel missile shoots down Boeing 777 with 298 aboard. HRABOVE, Ukraine, July 18- World leaders demanded an international investigation into the shooting down of a Malaysian airliner over eastern Ukraine in which all 298 people on board were killed, a tragedy that could further heighten tensions between Russia and the West.

  • It could easily be a women's club gathering anywhere in middle Australia, but these women are producing a teddy bear that has become one of the most sought after commodities in China.

  • POWRANNA, Australia, July 18- Thousands of Black Angus bulls snort steam gently into the frigid early morning air at Tasmania's largest cattle feedlot as they jostle for space at a long grain trough.

  • DIARY - Top Economic Events to July 31 Thursday, 17 Jul 2014 | 8:01 PM ET

    PARIS- IMF chief Christine Lagarde and Germany Finance Minister Wolfgang Schaeuble take part in a debate on the future of the euro zone at a conference in Paris- 0900 GMT.

  • SINGAPORE/ LONDON, July 18- Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports. Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.

  • LONDON, July 17- Copper prices fell to their lowest in two weeks on Thursday amid growing concern over the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.

  • *Washington slaps toughest sanctions yet on Russia. LONDON, July 17- Brent oil rose above $108 a barrel on Thursday with a sharp drop in U.S. crude stockpiles boosting the demand outlook in the world's top oil consumer while tougher U.S. sanctions on Russia raised geopolitical concerns.

  • *Washington slaps toughest sanctions yet on Russia. LONDON, July 17- Brent oil held above $107 a barrel on Thursday with a sharp drop in U.S. crude stockpiles boosting the demand outlook in the world's top oil consumer while tougher U.S. sanctions on Russia raised geopolitical concerns.

  • WELLINGTON/ LONDON, July 17- The goal of a global carbon market to tackle climate change, once touted to reach $2 trillion by 2020, received a major setback when Australia on Thursday scrapped its planned carbon trading scheme, which would have been the world's third biggest.

  • LONDON, July 17- Copper prices dropped to their lowest level in two weeks on Thursday due to intensifying concerns about the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.

  • WELLINGTON/ LONDON, July 17- The goal of a global carbon market to tackle climate change, once touted to reach $2 trillion by 2020, received a major setback when Australia on Thursday scrapped its planned carbon trading scheme, which would have been the world's third biggest.

  • 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.

  • *China builder warns it may default on bond. China's economic growth picked up slightly in the second quarter as stimulus measures paid dividends, but analysts said Beijing needs to offer more support to meet its annual growth target as the property market slows. "Yesterday's data was positive for metals demand," said Joel Crane of Morgan Stanley in Melbourne.

  • WELLINGTON/ LONDON, July 17- The goal of a global carbon market to tackle climate change, once touted to reach $2 trillion by 2020, received a major setback when Australia on Thursday scrapped its planned carbon trading scheme, which would have been the world's third biggest.

  • Murdoch tells G20 govts to take a back seat for growth Thursday, 17 Jul 2014 | 2:15 AM ET

    SYDNEY, July 17- Media mogul Rupert Murdoch on Thursday criticised excessive financial regulation as stymieing free markets and urged Group of 20 governments to "take a back seat" to allow businesses to drive economic growth.

  • SINGAPORE July 17- Brent futures held above $107 a barrel on Thursday as a sharp drop in U.S. crude stockpiles and promising economic growth data from China indicated an improving outlook for demand in the world's top two oil consumers. Continued worries about the geopolitical situation in North Africa, the Middle East and Ukraine also underpinned oil prices.

  • Australia repeals maligned 2-year-old carbon tax Thursday, 17 Jul 2014 | 1:31 AM ET

    SYDNEY— Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it.

  • *China builder warns it may default on bond. "Yesterday's data was positive for metals demand," said Joel Crane of Morgan Stanley in Melbourne. The most-traded September copper contract on the Shanghai Futures Exchange slid 1 percent to 50,050 yuan a tonne by 0240 GMT, having slipped to 49,930 yuan earlier- its weakest since July 2.

  • *Australia axes world's second biggest ETS before it starts. *Opposition calls it an "appalling" day for Australia. Australia is one of the world's biggest carbon emitters on a per capita basis and abandoning plans for the world's second largest emissions trading scheme after Europe, set to begin from 2015, is a major setback for global CO2 trading.