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  • UPDATE 1-Brent hovers below $103 as ample supply weighs Thursday, 28 Aug 2014 | 1:43 AM ET

    *Fire hits BP's largest U.S. refinery. *Hope fades for Ukraine- Russia ceasefire deal. SINGAPORE, Aug 28- Brent futures dipped on Thursday, but still held between $102 and $103 a barrel, as ample supply and a refinery fire in the United States that could reduce crude demand weighed on prices.

  • Aug 28- An explosion shook BP Plc's Whiting, Indiana refinery, its largest in the United States, on Wednesday night but a resulting fire had been contained as of 9:30 pm local time, according to a report by WFLD-TV.

  • In line with Asia's subdued performance, spreadbetters expected a slightly lower start for European shares, forecasting Britain's FTSE to open as much as 0.1 percent lower, Germany's DAX down 0.15 percent and France's CAX 0.1 percent lower.

  • HONG KONG, Aug 28- Anti-corruption officers in Hong Kong on Thursday morning raided the home of Jimmy Lai, a media magnate and an outspoken critic of Beijing who has supported pro-democracy activists through his many publications.

  • NEW YORK, Aug 28- Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

  • Weakness in the mainland market pared gains in Hong Kong, which had opened up 0.6 percent following another steady performance by Wall Street, where indexes hovered near record highs. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.2 percent.

  • BEIJING/ SEOUL, Aug 28- A China- based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child laborers, denying allegations by a U.S.-based activist group.

  • *Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.

  • Glencore in talks to mine huge Australian bauxite deposit Thursday, 28 Aug 2014 | 12:18 AM ET

    SYDNEY, Aug 28- Glencore will hold talks with the government of the Australian state of Queensland over developing vast bauxite reserves that have remained untapped for decades despite a series of attempts by mining companies to get a project off the ground.

  • "The growth in usage of the renminbi in Europe is going gangbusters," said Evan Goldstein, global head of renminbi services at Deutsche Bank in Hong Kong.

  • JPMorgan Chase& Co was the victim of a recent cyber attack, according to two people familiar with the incident who asked not to be identified because they were not authorized to speak publicly about the matter. They declined to elaborate on the severity of the incident, saying JPMorgan was still conducting an investigation to determine what happened.

  • China's yuan almost unchanged after moving in narrow range Wednesday, 27 Aug 2014 | 11:19 PM ET

    SHANGHAI, Aug 28- China's yuan was barely changed against the dollar on Thursday, moving in a narrow range after the central bank set its daily midpoint rate nearly flat. Traders said the generally flat midpoint fixings of late signaled the PBOC's intention to hold the yuan steady, as growth of the world's second-largest economy appears to be faltering again.

  • Aug 28- Private equity firm Lion Capital LLP has told American Apparel Inc that it is exercising its right to fill one of the two vacant board seats it controls at the apparel retailer, the Wall Street Journal reported, citing people familiar with the matter.

  • European bonds have gained since European Central Bank President Mario Draghi said last Friday that the bank was prepared to respond with "all available tools" if euro zone inflation dropped further.

  • Brent hovers below $103 as ample supply weighs Wednesday, 27 Aug 2014 | 10:49 PM ET

    *Hopes of Ukraine- Russia ceasefire deal dim. SINGAPORE, Aug 28- Brent crude dipped on Thursday, but still held between $102 and $103 a barrel, as expectations of ample supply weighed on prices. October Brent crude has been unable to break through the $102- $103 range this week, just off a 14- month low hit last week.

  • TOKYO, Aug 28- Tokyo stocks fell on Thursday morning as concerns about Japan's economic recovery pushed investors to the sidelines as they waited for another batch of key data on Friday.

  • SYDNEY, Aug 28- Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm- its biggest headache.

  • LONDON, Aug 27- Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the focus of efforts to improve diplomatic relations between China and its coastal neighbors.

  • Aug 27- Repros Therapeutics Inc said its experimental drug to treat low testosterone was superior to a leading marketed gel and a placebo in the first of two identical studies. Patients who were given the drug, Androxal, experienced superiority in sperm concentration compared with those who used Abbvie Inc's AndroGel, said the company.

  • Aug 27- Repros Therapeutics Inc said its experimental drug to treat low testosterone was superior to a leading marketed gel and a placebo in two studies. Patients who were given the drug, Androxal, experienced superiority in sperm concentration compared with those who used Abbvie Inc's AndroGel, said the company.