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  • Asian imports of Iran oil rise 10 percent in August Wednesday, 30 Sep 2015 | 2:02 AM ET

    Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled just over 1 million barrels per day last month, 9.9 percent higher than a year earlier, government and tanker-tracking data showed. But Iran's oil sales look to be headed towards a six-month low in September, down 16 percent from August, with tanker loading data showing Tehran has...

  • DUBAI, Sept 30- Standard Chartered plans to hire several financial crime-fighting staff in the Middle East, according to online jobs postings, as it seeks to strengthen controls after legal and compliance problems in the United States. Standard Chartered has been ramping up its global staffing to police its transactions for criminal activity in recent...

  • BEIJING, Sept 30- China is likely to continue to see a deficit on its capital and financial account in the second half amid global market volatility, the foreign exchange regulator said on Wednesday. Concerns over China's economic slowdown and possible interest rate rises by the U.S. China posted a deficit of $125.6 billion on its capital account and financial...

  • Multinational China execs feel chill wind, not hot growth Wednesday, 30 Sep 2015 | 1:21 AM ET

    *China's economy officially growing at 7 pct. SHANGHAI, Sept 30- China's economy is officially growing at a brisk clip of 7 percent, but many locally based executives at multinationals say they wouldn't know it from the performance of their businesses. By China's standards 7 percent is already the weakest annual growth in 25 years, but on the ground the slowdown in...

  • JGBs edge down slightly, BOJ buying limits losses Wednesday, 30 Sep 2015 | 1:12 AM ET

    TOKYO, Sept 30- Japanese government bonds edged down on Wednesday in thin trading as Japan's fiscal half-year drew to a close, with losses kept to a mimimum on support from central bank buying operations. The Bank of Japan offered to buy a total of 1.18 trillion yen of JGBs in 4 tranches under its asset purchase programme, including 400 billion yen in the 1- year to 3-...

  • SHANGHAI, Sept 30- China's yuan firmed against dollar both onshore and offshore on Wednesday as demand for the currency soared ahead of a week-long holiday, traders said. China's central bank intervened in trading partly to converge the spread between the two markets, they added. The onshore market in Shanghai will be closed for one week starting on Thursday for...

  • BOSTON, Sept 30- One-in-four U.S. large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. BMO's Large-Cap Value Fund boosted it energy exposure to 13 percent from 10 percent at the end of February after buying more shares of ExxonMobil Corp and refiner...

  • The United States and Cuba restored diplomatic relations in July after decades of hostility. Washington chipped away further at the half-century-old trade embargo this month, allowing certain companies to establish subsidiaries or joint ventures in Cuba as well as open offices, stores and warehouses in Cuba. The United States wants to strike a deal that...

  • SHANGHAI, Sept 30- Stocks in China and Hong Kong rebounded on Wednesday morning, as auto shares surged on government support measures, fanning hopes that Beijing will unveil further steps to prop up other struggling sectors. Hong Kong stocks, which tumbled to a two-year low on Tuesday, also bounced in morning trading, with the flagship Hang Seng index up 1.4...

  • BEIJING, Sept 30- China's gold reserves stood at 54.45 million fine troy ounces at the end of August, up from 53.93 million at the end of July, the central bank said on Wednesday.

  • NEW YORK, Sept 30- The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their wallets. MasterCard reported this week that 40 percent of all U.S.-branded consumer credit cards are chip cards. A quarter of U.S. merchants have...

  • TESLA CEO SAYS THERE WILL BE' LOWER-COST' VERSION OF MODEL X IN THE FUTURE.

  • TESLA CEO SAYS MODEL X' GIVES US A CASHFLOW STREAM WE CAN USE TO DEVELOP, FACILITATE' MODEL X, MODEL S, MODEL 3.

  • TESLA CEO ELON MUSK ESTIMATES IT HAS 25,000 PRE-ORDERS FOR THE MODEL X.

  • TESLA CEO SAYS WILL TAKE 8-12 MONTHS TO DELIVER MODEL X TO ANYONE PREORDERING FROM NOW.

  • FREMONT, Calif., Sept 29- Telsa Motors delivered the first of its long-awaited Model X electric sports-utility vehicles on Tuesday, a product investors are counting on to make the pioneering company profitable after years of losses. The launch of the Model X represents a milestone for the loss-making Silicon Valley automaker during a period of high spending...

  • JAKARTA, Sept 30- Indonesia is set to cull millions of chickens to ease supply swings in the local meat market caused by a drive for self-sufficiency, the latest in a string of food policies that have backfired for the government of President Joko Widodo. The troubles in the meat market began when Indonesia cut live cattle imports for the third quarter, forcing...

  • *Nikkei gains, brushing aside Japan industrial output drop. TOKYO/ SINGAPORE, Sept 30- Most Asian stock markets rallied on Wednesday after sliding to 3- year lows but concerns lingered over a weak outlook for commodities and China's economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent at 0237 GMT after plumbing its...

  • China to improve management of FX reserves - SAFE Tuesday, 29 Sep 2015 | 11:22 PM ET

    BEIJING, Sept 30- China will continue to see a surplus in the country's current account but will post deficits in the capital and financial accounts in the second half of 2015, the foreign exchange regulator said on Wednesday. The State Administration of Foreign Exchange said in a statement published on its website that it would keep the yuan basically stable...

  • *USDA may trim last year's U.S. soy production number. "There is pressure on the wheat market from overall plentiful world supplies but it is bit quiet today as people are waiting for the USDA report," said Simon Clancy of IKON Commodities. The USDA is due to issue its quarterly grain and oilseed stocks report later in the day.