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HONG KONG, June 6- Shares of Prada SpA fell more than 6 percent to a two-year-low on Friday after the Italian fashion house surprised investors with a drop in quarterly sales, sparking concern that the brand could be falling out of favour in key Asian markets.
*Euro back above $1.3600 after volatile session. SYDNEY/ SINGAPORE, June 6- The euro held steady on Friday after a dramatic rebound from a four-month trough the previous day as investors booked profits after the European Central Bank eased policy in a long-anticipated move.
SHANGHAI, June 6- China's yuan strengthened against the dollar on Friday after the central bank raised the daily fixing for its currency by the largest percentage in a single day since early January, as the dollar slid against a basket of currencies in global markets.
Wheat slid half a percent, falling for 12 out of 13 sessions on prospects of bumper global supplies, while soybeans were largely unchanged after dropping 1.5 percent on Thursday. Chicago Board of Trade front-month corn had fallen 0.4 percent to $4.47-1/ 4 a bushel by 0340 GMT, its lowest since February 27.
Apple Inc, maker of iPhone smartphones, was not affected by the ruling by the Mexican Institute for Industrial Property against America Movil, Telefonica and Iusacell for advertising mobile phone subscriber plans with the name "iPhone" in the title. "Apple doesn't have a problem because they just sell telephones," another official at the IMPI said.
*Oil set for 2nd weekly drop on easing Ukraine tension, ample supply. SINGAPORE, June 6- Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.
*Gold headed for small weekly gain. SINGAPORE, June 6- Gold held on to sharp overnight gains on Friday, on track for its first weekly rise in three weeks, as the European Central Bank launched a series of measures to pump money into the sluggish euro zone economy. Gold is often seen as a hedge against inflation and a slowing economy.
SYDNEY, June 6- Asian markets turned mixed on Friday as investors offered only polite applause for the European Central Bank's latest stimulus package, while the euro went off-script in a vicious short-covering rally.
TOKYO, June 6- Japanese government bond prices ended the morning session on Friday mostly higher, after the European Central Bank's overnight rate cuts lifted German Bunds and U.S. Bank of Japan purchases also underpinned the JGB market.
TOKYO, June 6- Japanese shares steadied on Friday after briefly climbing to a two-month high on Friday morning, as investors took a' buy-the-rumour, sell-the-fact' approach after the European Central Bank cut rates to record lows in a well telegraphed move overnight.
*GPIF's portfolio larger than Mexico's economy-- 14th largest. Shinzo Abe to accelerate an asset allocation review of Japan's $1.26 Government Pension Investment Fund.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd weakened in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
SYDNEY, June 6- London copper was steady on Friday, set for its second weekly fall as optimism over economic growth in top user China was overshadowed by a probe into metals financing at a major port in the country.
June 5- The Obama administration is revamping the health insurance marketplace HealthCare.gov and removing significant parts from it to ensure that glitches on the site do not return, the Wall Street Journal reported, citing presentations to health insurers and interviews with government officials and contractors.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd are set open flat in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
SINGAPORE, June 6- U.S. corn futures fell for a seventh straight session on Friday in their longest losing streak since November as favourable weather boosted expectations for a bumper autumn harvest. *Chicago Board of Trade corn for July delivery was down 0.2 percent at $4.48 a bushel by 0116 GMT, its lowest since Feb. 2.
DETROIT, June 5- General Motors Co dismissed several high-ranking executives, including at least one vice president and two directors, for their roles in the still-unfolding drama over deadly ignition switches in older GM cars, people familiar with the matter told Reuters.
June 5- Plaintiffs' lawyers have begun scouring General Motors Co's report on its handling of faulty ignition switches that have been tied to 13 deaths and say they are finding details that could bolster their negligence cases.
SINGAPORE, June 6- U.S. crude held above $102 a barrel on Friday, with the market awaiting jobs data from the United States, which could reinforce signs that the world's largest economy and oil consumer is on the path to recovery.
SINGAPORE, June 6- Gold held on to sharp overnight gains on Friday and was headed for a weekly rise after two straight declines, after the European Central Bank launched a series of measures to pump money into the sluggish euro zone economy. *Gold is often seen as a hedge against inflation and a slowing economy.