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  • JAKARTA, Jan 28- Indonesia's government and Freeport McMoRan Inc are meeting on Thursday in last-ditch talks to prevent a halt in exports of copper concentrate from the U.S. mining giant's massive Grasberg mine in the province of Papua. "There has been no information whatsoever from Freeport that states whether they are able to pay or not," Mohammad Hidayat, the...

  • MANILA, Jan 28- Growth in the Philippine economy picked up late in 2015 as strong domestic demand and government spending cushioned the impact of weak exports which are hurting many of its larger, trade-reliant Asian neighbours. That brought full-year growth to 5.8 percent, national statistician Lisa Grace Bersales told a news conference, which could mark one...

  • Jan 28- Neos Therapeutics Inc's drug to treat a common type of childhood behavioral disorder was approved by the U.S. Food and Drug Administration, making it the first of its kind to win U.S. approval. The disorder affects about 4.1 percent of American adults aged 18 years and older in a given year and 9 percent of children aged 13-18 years, according to the National...

  • TOKYO, Jan 28- Japanese Economy Minister Akira Amari said on Thursday that he would fulfil his responsibility of offering an explanation over reported bribery accusations and that he wanted to continue fulfilling his duties as minister "with utmost effort". Amari, who made the comment in parliament, is due to hold a news conference on the accusations later on...

  • SHANGHAI, Jan 28- China's yuan stayed flat against the dollar on Thursday after the central bank set the midpoint rate slightly firmer for the fifth consecutive day and dollar demand was tepid. The People's Bank of China set the midpoint rate at 6.5528 per dollar prior to market open, 0.01 percent firmer than the previous fix 6.5533. Traders said yuan market...

  • LAUNCESTON, Australia, Jan 28-- It's probably cold comfort to coal miners in Australia and South Africa, but their Indonesian counterparts are bearing the brunt of the supply cuts needed to balance the market. This is shown rather starkly by data from China and India, the world's two largest coal importers. While the headline figure from China's 2015 coal customs...

  • *Corn unchanged; lower output in South Africa, India. Chicago Board of Trade most active wheat contract fell 0.1 percent to $4.76 a bushel by 0259 GMT, following a 1.7- percent drop a day before, while soybeans rose 0.1 percent to $8.83-3/ 4 a bushel after closing 0.7 percent higher. In the corn market, there was support from lower production in South Africa and India.

  • *Q4 operating profit $5.1 bln, in line with guidance. SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Revenue rose 1.1 percent to 53.3 trillion won, slightly better than the 53 trillion won...

  • *China slowdown hits dairy prices, farmers pile up debt. WELLINGTON, Jan 28- The global curse of too-low inflation struck again on Thursday when the Reserve Bank of New Zealand kept its official cash rate on hold and reopened the door to rate cuts just a month after all but slamming it shut. Su-Lin Ong, a senior economist at RBC Capital Markets, expects cuts in both...

  • That brought full-year growth to 5.8 percent, national statistician Lisa Grace Bersales told a news conference, which could mark one of the strongest expansions in the world in turbulent 2015. China has reported 2015 growth of 6.9 percent and Vietnam 6.7 percent. On a quarterly basis, the economy once known as "the sick man of Asia" grew 2.0 percent in the fourth...

  • TOKYO, Jan 28- Japan's Nikkei edged up on Thursday morning in choppy trade as a weaker yen boosted export-exposed stocks like automakers, cheering investors after the market opened lower under the influence of weak Wall Street performances overnight. Wall Street stocks had slipped after the U.S. Hit by falling oil prices and fears of slower economic growth in...

  • *Asia shares draw buyers after recent falls. While Brent crude was off 23 cents at $32.87 a barrel, this followed a 4 percent jump on Wednesday after Russia hinted at co-operation with OPEC on oversupply. After starting weaker, MSCI's broadest index of Asia-Pacific shares outside Japan swung 0.4 percent firmer in very choppy trade.

  • TOKYO, Jan 28- Toyota Motor Corp and Daihatsu Motor Co Ltd will decide at board meetings on Friday if Toyota will make the Japanese minivehicle maker a wholly owned subsidiary, Jiji news agency reported. Toyota on Wednesday said it was considering buying out the rest of Daihatsu, in which the world's largest automaker owns a 51.2 percent stake.

  • MELBOURNE, Jan 28- London copper slipped on Thursday from a three-week peak hit the session before, dragged down by concerns the United States may hike interest rates again this year before markets in other regions have stabilized. *Three-month copper on the London Metal Exchange had fallen 0.6 percent to $4,561.60 a tonne by 0147 GMT, eroding 1.2- percent gains...

  • MANILA, Jan 28- The Philippine economy grew 6.3 percent in the fourth quarter from a year earlier, much faster than market expectations, driven by the services and industry sectors, the statistics agency said on Thursday. That brought full-year growth to 5.8 percent, national statistician Lisa Grace Bersales told a news conference, which could mark one of the...

  • SYDNEY, Jan 28- U.S. wheat dropped for a second session on Thursday to extend two-day losses to nearly 2 percent, as Russia said it would consider cutting its export tax on the grain, increasing competition for U.S. supplies. *Russia will consider removing or cutting an export tax on wheat and imposing one on barley and corn exports, First Deputy Agriculture Minister...

  • SEOUL, Jan 28- U.S. crude futures dropped more than 1 percent in Asian trading on Thursday, paring gains of nearly 3 percent made in the previous session after Russia held out the possibility of cooperating with OPEC to control global oversupply. U.S. crude had declined 33 cents to $31.97 a barrel by 0112 GMT. Russian officials have decided they should talk to Saudi...

  • MELBOURNE, Jan 28- China's MMG Ltd flagged on Thursday that its $10 billion new copper mine in Peru was set to ramp up production faster than some analysts had expected, which could weigh on copper markets already mired at more than six-year lows. MMG, the Melbourne- based arm of China's state-owned Minmetals Corp, said it expected to produce 250,000 to 300,000...

  • MANILA, Jan 28- Gold held near its highest level since November early on Thursday after the Federal Reserve said it was closely eyeing the global economy amid weakness seen from China to Europe. *Spot gold was off 0.2 percent at $1,122.46 an ounce by 0041 GMT, not far below Wednesday's peak of $1,127.80, the highest since Nov. 3. * "Although the Fed's comments were not as...

  • SAN FRANCISCO, Jan 27- Google is asking for sanctions against Oracle Corp after one of the software developer's lawyers discussed confidential details about the search giant's relationship with Apple Inc at a court hearing earlier this month. The disclosure violated a protective order and led to an article by Bloomberg that "opened the floodgates" to more...