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  • HANOI, Oct 9- Pirates that captured a Vietnamese oil tanker last week after it left Singapore have released the vessel, the company that owns the ship said on Thursday. "Officers from Vietnam's coast guard approached the ship and are escorting it to Phu Quoc island as two crew members have been injured," said Diep. The Sunrise 689 had vanished from radar 40 minutes...

  • China's yuan rises for 2nd day on stronger midpoint Wednesday, 8 Oct 2014 | 10:47 PM ET

    HONG KONG, Oct 9- China's yuan rose for a second consecutive day against the dollar on Thursday, after the central bank set the official guidance rate stronger, signaling its comfort with a stronger currency for now. The People's Bank of China set the midpoint rate at 6.1461 per dollar prior to market open, slightly stronger from the previous fix.

  • TOKYO, Oct 9- Japan's Nikkei share average rose on Thursday after the Federal Reserve said it would not lift interest rates until the U.S. economy was sufficiently strong, though a resurgent yen dented optimism on profit outlook. Wall Street shares posted their biggest gains so far this year as investors scaled back expectations of U.S. rate hikes after minutes...

  • EBRD chief calls for development bank shake-up Wednesday, 8 Oct 2014 | 10:01 PM ET

    Suma Chakrabarti said the creation of the BRICS development bank and a China- led effort to launch the Asian Infrastructure Investment Bank were a criticism of the existing system for not adapting quickly enough to incorporate new power structures and the needs of emerging markets. China has chafed at its limited voice at other international financial...

  • SYDNEY, Oct 9- Rio Tinto said falling iron ore prices would lead to the elimination of 125 million tonnes of iron ore supply among higher cost producers in 2014.. The world's second-biggest iron ore miner also said it intends to sell 85 percent of its 2014 iron ore output under term contracts and the rest on the spot market, according to a statement released on the...

  • The proposal follows the rejection in June of a larger planned venture involving Maersk, MSC and France's CMA CGM by China's Ministry of Commerce on competition grounds. The approval will come into force on Saturday, Richard Lidinsky Jr, Federal Maritime Commission commissioner, told Reuters. The two shippers still need to win over regulators in Europe and...

  • WASHINGTON, Oct 8- Recent declines in the yen are due largely to the dollar's strength and are not unexpectedly big when measured on a real, effective basis, a senior International Monetary Fund official said on Wednesday. "What's happening now is dollar strengthening. The U.S. economic outlook is quite favorable, "IMF Deputy Managing Director Naoyuki Shinohara...

  • NEW YORK, Oct 8- The Bank of Japan has many tools available if it were to ease monetary policy further, Governor Haruhiko Kuroda said, adding that the Japanese government bond market is a "huge" one among various financial assets the central bank can tap. "There are many options available, and if necessary we will not hesitate to make any necessary and appropriate"...

  • Oct 8- Vivian Schiller said she was stepping down as Twitter Inc's news head after nearly a year at the microblogging website, the latest executive exit from the company this year. Stanton, who also is on the board of French conglomerate Vivendi SA, became Twitter's new media chief in July, placing the former Google Inc executive at the heart of crucial...

  • SINGAPORE Oct 9- U.S. crude futures climbed towards $88 a barrel on Thursday, rebounding after falling to their lowest level in 18 months on a weaker dollar and a draw on inventories at the Cushing delivery hub. *U.S. crude inventories surged by 5 million barrels in the week to Oct. 3, far higher than the 1.5 million barrel build forecast by analysts, data from the U.S....

  • TOKYO, Oct 9- Japan's leading gauge of capital spending rose for a third straight month in August, in a tentative sign firms are investing their profits in plants and equipment that could bolster growth in the world's third-largest economy. But analysts say the 4.7 percent gain in core machinery orders is not enough to dispel concerns the economy is losing...

  • SINGAPORE, Oct 9- Gold climbed to its highest in nearly two weeks on Thursday as expectations of an early hike in U.S. interest rates eased and the dollar lost traction after the release of minutes of the last Federal Reserve policy meeting. *Spot gold rose to $1,223.61 an ounce early on Thursday, before paring gains to trade down 0.2 percent at $1,219.30 by 0036 GMT.

  • BoJ has many policy easing options if needed -Kuroda Wednesday, 8 Oct 2014 | 8:51 PM ET

    NEW YORK, Oct 8- Governor Haruhiko Kuroda said on Wednesday the Bank of Japan has many options available if it becomes necessary to take additional monetary easing steps though, at this stage, he said he could not be more specific about which steps.

  • Oct 8- Fidelity Investments was among 13 financial institutions attacked by hackers who are believed to have been responsible for a breach at JPMorgan Chase, but there is no indication that Fidelity customer data were stolen, the Financial Times reported on Thursday. JPMorgan, the biggest U.S. bank by assets, said last week that the names, addresses, telephone...

  • SYDNEY, Oct 9- London metals climbed on Thursday after minutes of the latest Federal Reserve meeting doused fears of any early move to raise interest rates, potentially prolonging cheap capital for industry and investors. *The most-traded December copper contract on the Shanghai Futures Exchange finished down 1.2 percent at 47,340 yuan a tonne in the...

  • TOKYO, Oct 9- Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Japan's Nikkei share average rose 0.8 percent while MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.5 percent. "The overall tone of the minutes was that the Fed will manage its policy so as not to damage a fragile economy, paying attention to various...

  • RIO DE JANEIRO, Oct 8- Brazil's government is considering easing reserve requirements for banks in the country to free up lending for infrastructure projects, a source with direct knowledge of the matter told Reuters on Wednesday. Brazil is trying to increase lending and investment in infrastructure projects to reinvigorate its economy, which slipped into a...

  • CORRECTED-BOJ'S KURODA: UPCOMING CORPORATE TAX FALL MAY HELP JAPAN ECONOMY.

  • TOKYO, Oct 9- Japan's leading gauge of capital spending rose for a third straight month in August, in a sign firms are investing their profits in plants and equipment that could bolster growth in the world's third-largest economy. The 4.7 percent monthly gain in core machinery orders in August will help ease concerns the economy is losing traction even as the...

  • CARTAGENA, Oct 8- Colombia's benchmark interest rate is approaching a neutral level and there is little reason to alter it, central bank board member Carlos Gustavo Cano said on Wednesday, adding there is room to cut the rate again if necessary. I don't see reasons for that, "Cano told reporters at a business conference in Cartagena. The bank began a tightening cycle...