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  • MOSCOW, April 23- Russian railcar manufacturer United Wagon Company plans to set a price range for its initial public offering in Moscow at 650- 750 roubles per share, a source close to the placement said on Thursday.

  • April 23- A New York state judge dismissed a lawsuit filed by a former portfolio manager of Soros Fund Management against the company over alleged non-payment of his dues. Cowen was employed by Soros Fund Management from November 2010 through July 2011, according to the lawsuit. The case is Aaron Cowen v Soros Fund Management, New York State Supreme Court, No....

  • *Japan shares make another 15- year top amid bullish sentiment. Among the milestones were a 15- year peak for Japan, seven years for both China and Taiwan and a near four-year top for South Korea. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.5 percent to reach ground last trod in early 2008..

  • TOKYO, Apr 21- Japan's Nikkei becnhmark stock index closed 0.3. percent higher, having touched a 15- year intra-day high in morning trade, as investors bought large-cap and securities shares seen as undervalued and presenting strong earnings prospects. The Nikkei ended at 20,187.65, and off an the early high of 20,252.12. Japan Tobacco Inc soared 5.3 percent,...

  • Russia's Severstal reports Q1 net profit of $343 mln Thursday, 23 Apr 2015 | 2:08 AM ET

    MOSCOW, April 23- Russian steelmaker Severstal reported on Thursday net profit of $343 million for the first three months of this year, up from a net loss of $795 million in the previous quarter. The company, Russia's second largest steel producer, said revenue fell 18.5 percent quarter-on-quarter to $1.5 billion. Severstal said steel demand so far this year had...

  • SYDNEY, April 23- Morgan Stanley's sale of its Australian real estate unit, Investa Property Group, is expected to fetch more than A $3 billion and has attracted more than 20 bids, a source with direct knowledge of the deal told Reuters. Nearly half of the bids came from Asia, including from China's biggest privately owned business Fosun International Ltd and...

  • Fed eyes ability of asset managers to repay in a panic Thursday, 23 Apr 2015 | 1:00 AM ET

    WASHINGTON/ NEW YORK, April 23- Sections of the U.S. financial system that may be vulnerable to investor panic are raising concerns inside the Federal Reserve, as policymakers preparing for the first interest-rate hike in nearly a decade seek to ensure that the market is ready and able to handle it whenever it happens. "Some open-ended mutual funds offer daily...

  • *Net flow into China's stock market totalled 781.4 billion yuan last week. SHANGHAI, April 23- China stocks advanced to fresh seven-year highs on Thursday as weaker-than-expected factory activity data reinforced expectations that Beijing will roll out more stimulus measures and keep the financial system flush with cash. Investors only care about the...

  • BEIJING, April 23- Farmers in China, the world's top buyer of soybeans, could slash the amount of land they use to grow the oilseed by as much as 15 percent in 2015/ 16 due to uncertainty over how a new subsidy scheme will work, industry analysts said. "Farmers will reduce soy acreage as they so far have no idea how they will be subsidised," said Liang Yong, a Galaxy Futures...

  • FOREX-Dollar regains footing, Kiwi falls on RBNZ comments Thursday, 23 Apr 2015 | 12:33 AM ET

    *Euro hurt by concerns over Greece. TOKYO/ SYDNEY, April 23- The U.S. dollar held firm on Thursday after strong U.S. housing data helped to lift U.S. bond yields while the New Zealand dollar fell more than one percent following dovish central bank comments. The euro resumed its descent after an upside probe failed to break new ground, dipping 0.3 percent to $1.0693,...

  • HONG KONG, April 23- China formally announced details of three more free trade zones this week, a move that suggests the originally Shanghai- driven initiative has now escalated to the national level, analysts say. The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules...

  • SINGAPORE, April 23- Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

  • *Asia still facing tough conditions, more China stimulus seen. April 23- Manufacturing activity in Asia's top two economic powerhouses slowed further in April, a disappointing outcome that calls for yet more stimulus and puts pressure on the United States and Europe to do more of the heavy lifting to drive global growth. The flash HSBC/ Markit Purchasing...

  • OTTAWA, April 23- German car maker Volkswagen AG will get 400 million Euros in trade financing from Canada to help expand its southern U.S. and Mexican operations and thereby generate business for Canadian firms, Ottawa said on Thursday. "With the southern U.S. and Mexico increasingly becoming prime production locations for global automakers, EDC has a role to...

  • SEOUL, April 23- South Korea's economic growth picked up in January to March after plunging in last-quarter 2014, but the economy still faces challenges such as a slowing China and poor domestic tax revenue. The Bank of Korea's first official estimates out on Thursday showed gross domestic product grew a seasonally adjusted 0.8 percent quarter on quarter, led...

  • HONG KONG, April 23- China's yuan edged lower on Thursday after a private survey showed factory activity contracting at its fastest pace in a year in April, but the underlying tone remains firm, adding to the problems of industry. The flash HSBC/ Markit Purchasing Managers' Index fell to 49.2 in April, below the 50- point level that separates growth in activity from a...

  • MEXICO CITY, April 22- Goodyear Tire& Rubber Co is planning to spend $550 million on a new tire plant in Mexico, a person familiar with the matter said, the latest in a string of investment pledges in the country's booming auto sector. The Goodyear plant, which will begin operations in 2017, will produce tires primarily for the domestic market, said the person, who...

  • *Beijing tells banks to lend more to real economy. SHANGHAI, April 23- Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts. We're only using 70 percent of our current factory capacity in the first place, "said Lou...

  • *China to cut export tariffs on aluminum products from May 1. MELBOURNE, April 23- London copper fell to its lowest level in a month on Thursday as a flash reading on China's factories showed activity shrank to its slowest in a year, fanning worries about already tepid demand. "Everyone has probably already decided that demand doesn't look great in China so a miss is...

  • UPDATE 1-China fines Mercedes $56.5 mln for price fixing Wednesday, 22 Apr 2015 | 11:06 PM ET

    SHANGHAI, April 23- A local pricing regulator in China said on Thursday it has fined Daimler AG's Mercedes-Benz 350 million yuan for price fixing. China has been clamping down on the auto sector, punishing foreign carmakers for price fixing for the first time last year when it fined the Chinese venture of Volkswagen AG and a sales unit of Fiat Chrysler...