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  • Global oil prices have more than halved since June 2014 on rising U.S. shale oil output and as members of the Organization of the Petroleum Exporting Countries decided not to cut production and instead defend market share. "It will be a great mistake to index our attention to oil security to the oil price trajectory in the short term," Fatih Birol, executive...

  • *Improved risk appetite after China's easing limits dollar losses. TOKYO, Oct 26- The dollar dipped on Monday as the currency took a breather after scaling a 2-1/ 2- month high versus a basket of peers, although an improvement in risk appetite after China's monetary easing limited the losses. Stock markets gained worldwide after China on Friday cut rates for the...

  • TOKYO, Oct 26- Trading house Sumitomo Corp said on Monday it had won a $300 million order for a 400- megawatt gas-fired power plant in Turkmenistan, part of a package of deals announced on a visit to the Central Asian nation by Japanese Prime Minister Shinzo Abe. Japan and Turkmenistan on Friday signed deals worth over $18 billion in the energy-rich nation, which...

  • SHANGHAI/ HONG KONG, Oct 26- The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop. The underground mall is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers. More importantly, the struggles of Chinese brick-and-mortar retailers amplify a policy conundrum; these malls, built...

  • SHANGHAI, Oct 26- China's major financial markets, including stocks, bonds and currency, posted cautiously positive reactions to the central bank's decision to cut both interest rates and bank reserve requirements on Friday evening. The CSI300 index rose 1.1 percent to 3,610.36 points at 2:39 GMT, while the Shanghai Composite Index gained 0.9 percent to...

  • SINGAPORE, Oct 26- Crude oil prices remained weak on Monday as a slowing demand outlook implied oversupply will remain in place for months, prompting speculators to cut their bets on rising prices. Front-month U.S. crude futures were trading at $44.65 per barrel at 0253 GMT, 5 cents above their last close but more than 12 percent lower than their October peak.

  • SINGAPORE, Oct 26- Oil investment in 2016 is likely to decline further after sliding this year by more than a fifth, Fatih Birol, the executive director of the International Energy Agency, said on Monday. "If it comes true, this will be the first time in two decades we will see oil investments declining for two consecutive years and may be an indication for future oil...

  • *ECB and China paved the way for more easing by BOJ- analyst. TOKYO, Oct 26- Japan's Nikkei share average rose to a fresh two-month high after China's surprising rate cut lifted risk sentiment, while bellwethers Hitachi Ltd and Panasonic Corp surged on stronger earnings expectations. "The ECB and China paved the way for additional easing by the Bank Of Japan," said...

  • TAIPEI, Oct 26- Taiwan stocks rose on Monday along with other regional bourses after the Chinese central bank cut rates to shore up the country's faltering growth, with Apple Inc's suppliers in the spotlight following a rally in Apple's shares on Friday. Largan Precision, which makes camera phone lenses modules for Apple, jumped 2 percent, while another supplier...

  • MELBOURNE, Oct 26- London copper inched up early on Monday after China cut interest rates late last week to shore up growth in the world's No.2 economy. *Shanghai Futures Exchange copper was down 0.8 percent at 39,180 yuan a tonne. *The European Central Bank's signal that more stimulus is coming for Europe's economy could complicate the U.S.

  • SHANGHAI, Oct 26- China major stock indexes opened up on Monday, after the central bank cut both interest rates and reserve requirement ratios for domestic banks. China CSI300 stock index futures for November rose 0.9 percent, to 3,482.4, 120.03 points below the current value of the underlying index. The Hang Seng index in Hong Kong was up 0.7 percent, to 23,317.88...

  • HONG KONG, Oct 26- Standard Chartered said on Monday it plans to exit from its equity derivatives and convertible bonds businesses, following a step earlier this year to close the bulk of its global equities operations. The move is part of a plan to cut costs and focus on using capital more efficiently, it added in a statement. Standard Chartered's decision comes...

  • SINGAPORE, Oct 26- U.S. wheat futures rose 1.5 percent on Monday as forecasts of mainly dry weather in much of the U.S. Corn and soybeans edged higher on the back of slow farmer sales in the U.S. *Wheat futures are being underpinned by lack of rains in the U.S.

  • BEIJING, Oct 26- Liberalising China's interest rates is a key element of financial reform, the country's central bank said on Monday, adding that cutting borrowing costs and lowering the amount of cash banks must keep as reserves do not equate to quantitative easing. The comments come after the central bank cut interest rates on Friday for the sixth time in less...

  • SINGAPORE, Oct 26- Crude oil prices edged down in early Asian trading on Monday as a weak demand outlook means oversupply will likely remain in place for months and as speculators cut their bets on rising prices. Front-month U.S. crude futures were trading at $44.58 per barrel at 0035 GMT, 2 cents below their last close and 12.5 percent lower than their October peak.

  • SINGAPORE, Oct 26- Gold was hovering close to its lowest in nearly two weeks on Monday, hurt by a stronger dollar and fears the Federal Reserve could raise U.S. interest rates this year. *Spot gold eased 0.1 percent to $1,162.25 an ounce by 0035 GMT. *On Friday, the metal had initially risen 1 percent after China cut interest rates for the sixth time in less than a year.

  • *China rate cut, Draghi's easing hints boost BOJ stimulus hopes. *Yuan near 1- month, eyes on top China party meeting. MSCI's dollar-denominated index of Asia-Pacific shares outside Japan dipped 0.1 percent due to the dollar's strength but stood near 2-1/ 2- month highs touched on Friday.

  • Oct 25- U.S. regulators are expanding their probe into Deutsche Bank AG as a money laundering investigation of a Moscow unit has widened into possible sanctions violations, the Financial Times reported, citing sources. Tim Wiswell, an ex- Deutsche Bank trader, lost his job earlier this year amid an investigation by European and U.S. regulators into "mirror trades."

  • *Dollar supported after China rate cut boosts risk appetite. TOKYO, Oct 26- The dollar hovered near a 2-1/ 2- month high against a basket of currencies early on Monday after monetary easing by China over the weekend improved investor risk appetite and sent U.S. Stock markets worldwide soared on Friday after China cut interest rates for the fourth time this year,...

  • SYDNEY, Oct 26- Australia's biggest steelmaker, Bluescope Steel, on Monday said it would keep its flagship Port Kembla steelworks open after persuading the government to defer A $60 million in payroll tax. While trimming operations in Australia, Bluescope also said it had agreed to buy out joint venture partner Cargill's 50- percent share of the North Star mill...