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  • Yuan eases, remains near weaker edge of trading band Wednesday, 28 Jan 2015 | 11:40 PM ET

    SHANGHAI, Jan 29- China's yuan eased on Thursday following a weaker midpoint, hovering a few points away from the weaker edge of the daily trading limit on expectations of further weakness. The Chinese currency has been steadily softening along with emerging market peers due to a resurgent dollar, as the outlook for the U.S. economy continues to bolster the case...

  • This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015.. The problem with the forecast of $68 a tonne average for this year is the current spot price of the steel-making ingredient is already 7.8 percent lower, closing on Wednesday at a fresh six-year low...

  • SINGAPORE, Jan 29- Gold dropped for the fourth session in five on Thursday after the Federal Reserve painted a bullish picture of the U.S. economy, signalling it was on course to lift interest rates this year. "People are already adjusted to the new policy stance and there's no further reason to push up gold to a much higher level," said Mark To, head of research at Hong...

  • Deputy Defense Secretary Robert Work on Wednesday urged NATO allies to develop and make more innovative weapons, and said bold action was needed to stay ahead of rapid weapons development by China, Russia and other countries. Work said it was critical to increase collaboration with allies in NATO, Asia and other areas, ranging from mission planning to...

  • SINGAPORE, Jan 29- Oil remained weak in Asia on Thursday after data showing record U.S. stockpiles sent prices tumbling to the lowest level in nearly six years in the previous session and analysts said a global glut would continue to keep the market under pressure. Brent was trading at $48.65 a barrel at 0255 GMT while U.S. crude was at $44.54, versus the low of $44.08...

  • WASHINGTON, Jan 28- The U.S. Air Force on Wednesday awarded a $383 million contract for more launch services to United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp, bringing the total value of the contract to $4.08 billion. The Air Force said it was adding three pre-priced launches to the existing contract, including the launch of a...

  • GRAINS-Wheat eases for 7th session, corn hits 3-month low Wednesday, 28 Jan 2015 | 10:19 PM ET

    *Wheat falls for 7th day, trades near 3- month low. *Corn falls to almost 3- month low as crude oil weakens. Corn slid to an almost three-month low on the lack of demand for making grain-based fuel ethanol as crude oil prices hover near their weakest in six years.

  • *Q4 GDP expands 2.5 pct q/q, fastest quarterly pace in Asia. MANILA, Jan 29- The Philippine economy rebounded more strongly than expected in the final quarter of last year, posting the best growth in Asia after China on strong farm output and construction activity. Fourth quarter GDP grew a seasonally adjusted 2.5 percent over the prior three months, the best...

  • WELLINGTON, Jan 29- New Zealand's Fonterra dairy co-operative on Thursday cut its forecast on the amount of milk it will get from suppliers this season as dry weather in the world's largest dairy exporting country hits output. Farmers have also been reining in milk production after a flood of supply from Europe and the United States pummeled prices, stoking...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a crash which could strain the financial system. "The inspection belongs to normal regular supervision and should not be...

  • *Komatsu, Hitachi Construction fall sharply after earnings. TOKYO, Jan 29- Japan's Nikkei average slipped on Thursday in sympathy with falls in Wall Street shares following the Fed's unwavering stance on rate hikes, with construction equipment makers badly hit by disappointing earnings. Still, analysts say the Tokyo market appears to have a firmer support...

  • Oil markets open up weak following record U.S. stockpiles Wednesday, 28 Jan 2015 | 8:49 PM ET

    SINGAPORE, Jan 29- Oil prices opened up weak on Thursday in Asia after record U.S. stockpiles sent it tumbling to near six year lows in the previous session, and analysts said that the outlook remained weak. The U.S. Energy Information Administration said domestic crude oil stocks rose by almost 9 million barrels last week to reach nearly 407 million, their highest...

  • GRAINS-Wheat falls for 7th session, corn near 3-month low Wednesday, 28 Jan 2015 | 8:44 PM ET

    *Chicago Board of Trade wheat for March delivery was down 0.3 percent at $5.04 a bushel by 0123 GMT, near a 3-1/ 2 month low of $5.03 touched on Wednesday. *Wheat tumbled 2.6 percent the session before, its deepest single-day drop in more than a month, as funds sold the contract on worries over rising supplies. *Corn dropped 0.3 percent to $3.72-1/ 4 per bushel, its weakest...

  • IMF sets June deadline for progress on governance reforms Wednesday, 28 Jan 2015 | 8:41 PM ET

    President Barack Obama has so far been unable to persuade Republicans in Congress to act on the measure. The board of the International Monetary Fund said Wednesday the institution's 188 member countries should agree on steps that could make "meaningful progress" toward the reforms by June 30, without providing details. Finance chiefs around the world had...

  • Deputy Defense Secretary Robert Work on Wednesday urged NATO allies to develop and make more innovative weapons, and said bold action was needed to stay ahead of rapid weapons development by China, Russia and other countries. Concerns about weapons development from other countries was a key reason that the Pentagon's fiscal 2016 budget plan to be delivered...

  • "net neutrality" rules are expected to regulate for the first time deals in which content companies such as Netflix Inc pay broadband providers to connect with their networks for smooth downloads, according to people familiar with the plan. The new draft is expected to expand the authority of the FCC to previously unregulated traffic exchange deals, known as...

  • SHANGHAI, Jan 29- China's index futures fell at the opening of trade on Thursday morning after sources told Reuters that regulators are launching a fresh investigation into margin trading at brokerages. The CSI300 stock index futures for February fell 1.8 percent to 3471.8 in early trade. The last time China regulators cracked down on margin lending,...

  • MELBOURNE, Jan 29- London Metal Exchange metals contracts soured on Thursday after the Federal Reserve signaled it would stick to plans for a rate hike this year, drawing back liquidity that has underpinned metals. *Three-month copper on the London Metal Exchange slid 1.1 percent to $5,425.50 a tonne by 0108 GMT, quashing an advance from the previous session and...

  • Facebook's new challenge: sell Wall Street on spending Wednesday, 28 Jan 2015 | 8:21 PM ET

    SAN FRANCISCO, Jan 28- Facebook Inc's big spending plans are facing a tough reception on Wall Street. Facebook said on Wednesday that 2015 capital expenditures will range from $2.7 billion to $3.2 billion, a sharp increase from $1.83 billion in 2014.. The spending spree comes as Facebook faces intensifying competition with Twitter Inc, Google Inc and a host of...

  • SINGAPORE, Jan 29- Gold steadied above $1,280 an ounce on Thursday after the U.S. *Spot gold was nearly flat at $1,284.91 an ounce by 0034 GMT, not far below a five-month top of $1,306.20 reached last week. *China plans to cut its growth target to around 7 percent in 2015, its lowest goal in 11 years, as policymakers try to manage slowing growth, job creation and pursuing...