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  • *Intel capital expenditure cut hits chip-related shares. *Obayashi gains after raising earnings outlook. TOKYO, April 15- Japan's Nikkei share average was flat on Wednesday as investors took profits on recent gainers such as drugmakers, but expectations that companies will report strong profits supported sentiment.

  • BEIJING, April 15- China's annual economic growth slowed to a six-year low of 7.0 percent in the first quarter as demand stayed weak, meeting analyst forecasts but fanning expectations that authorities will roll out more policy stimulus to avert a sharper slowdown. In the last quarter of 2014, China's economy grew 7.3 percent on an annual basis.

  • Shanghai stocks wavered around flat before rising 0.25 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen added 0.3 percent. Shanghai has been rising for six weeks straight as investors have chosen to focus on the prospect of extra policy stimulus. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2...

  • China says its economic growth is "reasonable" Tuesday, 14 Apr 2015 | 10:30 PM ET

    BEIJING, April 15- China's economy faces downward pressure but growth is within a reasonable range, the spokesman of the statistics bureau said on Wednesday after data showed economic expansion slid to a six-year low between January and March. Sheng Laiyun told a news conference that China's survey-based unemployment rate stood at 5.1 percent, without...

  • BEIJING, April 15- China's economy grew 7.0 percent in the first quarter, as expected but still its slowest rate in six years, reinforcing bets that policymakers will take more steps to bolster growth. Economists polled by Reuters had expected China's gross domestic product to rise 7.0 percent in January-March compared with a year ago. NIE WEN, ANALYST, HWABAO...

  • April 15- Growth in China's real estate investment eased to 8.5 percent in the first quarter from a year earlier as developers made clearing inventory their priority amid a housing glut. The rise in investment, reported by the National Bureau of Statistics on Wednesday, compared with an increase of 10.4 percent in the first two months of 2015, with the rate of...

  • BEIJING, April 15- China's economy grew 7.0 percent in the first quarter, as expected but still its slowest rate in six years, reinforcing bets that policymakers will take more steps to bolster growth. Economists polled by Reuters had expected China's gross domestic product to rise 7.0 percent in January-March compared with a year ago. In the last quarter of...

  • BOJ must maintain stimulus but with eye on risks-OECD Tuesday, 14 Apr 2015 | 10:00 PM ET

    The global think tank also warned that without a credible plan to rein in its huge public debt, Japan may face a bond market sell-off that could hit banks with huge bond holdings. Aggressive purchases by the BOJ, which now holds a quarter of Japan's government bond market, have kept borrowing costs low but that will not last indefinitely, leaving the country...

  • SEOUL, April 15- South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements. Iran and the United States, Britain, France, Russia, China, and Germany reached a preliminary deal on Iran's...

  • *PPS buys aluminium from Australia, India. SEOUL, April 15- South Korea's Public Procurement Service paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. Asia has seen a particularly steep drop from record highs, due to its proximity to China,...

  • HOUSTON, April 14- Striking Houston refinery workers on Tuesday rejected Lyondell Basell Industries' final contract offer to settle a two-and-a-half month work stoppage, said an official of the United Steelworkers union, which represents the hourly employees. In response, company officials told the USW that Lyondell would declare an impasse in the...

  • MELBOURNE, April 15- London copper was steady on Wednesday, but close to four week lows amid concerns over Chinese demand, with the world's top metals user due to release first-quarter growth data shortly. *Three-month copper on the London Metal Exchange traded little changed at $5,946 a tonne by 1146 GMT, after small losses the previous session losses when it...

  • QUEBEC CITY, Quebec, April 14- Quebec is in talks with Ontario to sell Hydro-Qu├ębec's surplus hydroelectrical power to the neighbouring province and hopes to have an agreement soon, a senior government minister said on Tuesday. "I have been discussing with the Ontario government," Quebec Energy Minister Pierre Arcand said in a telephone interview from New York.

  • SINGAPORE, April 15- Gold steadied away from a two-week low early on Wednesday after U.S. retail sales rose less than expected in March, but a recovering dollar could cap any rise in bullion prices. *Spot gold was flat at $1,192.93 an ounce by 0026 GMT, after touching its lowest in two weeks at $1,183.68 on Tuesday. *Markets are focusing on China's gross domestic...

  • WASHINGTON, April 14- U.S. House of Representatives Speaker John Boehner appointed five largely loyal Republican allies to a negotiating panel on Tuesday to work out differences between House- and Senate- passed budgets. The Republican negotiators are led by Budget Committee Chairman Tom Price and include panel vice chairman Todd Rokita of Indiana, Diane...

  • SINGAPORE, April 15- U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar. *U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100- day moving...

  • SYDNEY, April 15- Asian share markets took a cautious stance on Wednesday ahead of an anxiously-awaited reading on China's growth pulse, while the dollar nursed losses after a disappointing reading on consumer spending nudged bond yields lower. MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat, while Japan's Nikkei inched down 0.2...

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • WINONA, Minn., April 14- Raising interest rates this year, as most Federal Reserve officials expect, would be "inappropriate" because it would delay the return of too-low inflation to the U.S. central bank's 2 percent goal, a top Fed official said on Tuesday. A rate hike would also work against the Fed's other goal of full employment, Narayana Kocherlakota, president of...

  • President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran, reluctantly giving in to pressure from Republicans and some in his own party after they crafted a rare compromise demanding a say. The role for the Republican-controlled Congress injects a new element of uncertainty into the delicate final stages...