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  • NEW YORK, Sept 14- In shale strongholds of North Dakota and Texas, physical crude grades are trading at the highest premiums to futures prices in years, offering a glimmer of hope that a pickup in global oil markets might follow. West Texas Intermediate crude delivered to Midland, Texas, at the heart of the Permian Basin, is trading at a record $2.75 premium to...

  • NEW YORK, Sept 14- This fall, Boston- based fund giant Fidelity plans to celebrate the 25- year tenure of William Danoff, head of the biggest fund run by a single manager in the U.S. and arguably the best-performing large cap manager of his time. "There is a key man risk with Contrafund," said Katie Rushkewicz Reichart, an analyst at Morningstar who covers the fund.

  • TOKYO, Sept 14- Japan's economy will likely grow much less in the current quarter than projected a month ago and consumer prices remain weak, but many economists expect the Bank of Japan will not announce more stimulus till next year, a Reuters poll showed. Some, however, forecast the BOJ could ease policy next month on concerns China's economic woes and recent...

  • Softbank Group Corp. shares fell 6.2 percent in afternoon trading while competitor KDDI Corp. fell 8 percent and NTT Docomo tumbled 9.2 percent. Market players said investors remained cautious ahead of Bank of Japan and U.S. Federal Reserve policy meetings this week. "Until we have some visibility on the rate environment expect the malaise in equity markets...

  • *China stocks sag as soft data fans Beijing stimulus expectations. Growth in China's investment and factory output missed forecasts in August, raising the chances that China's third-quarter economic growth may dip below 7 percent for the first time since the global crisis and adding to expectations that Beijing will take more measures to prop up the economy.

  • UPDATE 5-Oil prices dip as demand stalls, but Monday, 14 Sep 2015 | 12:49 AM ET

    *OPEC's monthly report out later on Monday. SINGAPORE, Sept 14- Oil prices dipped on Monday in Asia as weakening demand weighed on markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were down 37 cents at $47.77 per barrel at 0448 GMT.

  • SHANGHAI, Sept 14- China's yuan erased early losses and firmed on Monday afternoon, supported by suspected intervention by the central bank via yuan-purchases by state-owned banks, traders said. "There is a relatively large amount of yuan purchases this morning," said a trader at a foreign bank in Shanghai. The People's Bank of China set the midpoint rate at 6.3709...

  • SHANGHAI, Sept 14- China stocks fell more than 3 percent on Monday morning as lingering concerns over the economy offset optimism that reform among state-owned enterprises would accelerate. Data released over the weekend showed that China's output of key industrial commodities including coal and steel weakened in August, as growth in China's investment...

  • NEW YORK, Sept 13- Solera Holdings Inc, which provides technology services to insurance companies, said it agreed to be acquired by an affiliate of private-equity firm Vista Equity Partners for $3.74 billion in cash. The offer price of $55.85 per share represents a 13 percent premium to Westlake, Texas- based Solera's share price on Friday, when the stock closed up...

  • FOREX-Dollar inches lower as Fed countdown begins Sunday, 13 Sep 2015 | 11:54 PM ET

    SYDNEY/ SINGAPORE, Sept 14- The dollar inched lower on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. The euro edged up 0.1 percent to $1.1350, holding on to last week's 1.8 percent gain. Growth in China's investment and factory output missed...

  • *Soft China data fans expectations of more Beijing stimulus. TOKYO, Sept 14- Asian shares rose on Monday in cautious trade, shrugging off soft economic data from China, as investors pondered whether the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.3 percent.

  • BEIJING, Sept 14- China will restructure state-owned firms that are performing poorly and allow some to close, the deputy head of the country's state assets supervisor said on Monday. "We will make more efforts in reforming' zombie enterprises', long-time loss-making enterprises and in disposing those low-efficient and non-performing assets," Zhang Xiwu, vice...

  • *Corn rises for 6th day as USDA cuts crop forecast. Chicago Board of Trade December corn added 0.8 percent to $3.90-1/ 4 a bushel by 0244 GMT, the strongest since Aug. 12. Corn rallied 3.4 percent on Friday after the U.S. Department of Agriculture reduced its estimate of U.S. production.

  • UPDATE 2-Crude oil prices fall as demand stalls Sunday, 13 Sep 2015 | 10:57 PM ET

    SINGAPORE, Sept 14- Oil prices dipped on Monday as weakening demand weighed on international markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were trading at $47.86 a barrel at 0254 GMT, down 28 cents from their last close. The U.S. oil rig count fell by 10 to 652 last week, the second straight...

  • BEIJING, Sept 14- China will work to reform its huge state-owned enterprises in order to make them "stronger, better and larger", the government said on Monday. In a long-awaited reform document, China said on Sunday that it would introduce "mixed ownership" into its sprawling state sector by introducing private investment. Zhang Xiwu, SASAC vice chairman, said China...

  • Investors were also wary ahead of key events this week, including the Bank of Japan and U.S. Federal Reserve policy setting meetings. SoftBank Group Corp fell more than 5 percent, NTT Docomo Inc dived 8.1 percent and KDDI Corp slumped 6.4 percent. Oil stocks underperformed as crude prices fell after Goldman Sachs cited oversupply and concerns over China's...

  • *Kuwait sets October OSP crude price 60 cents lower. U.S. crude futures were trading at $44.86 per barrel at 0215 GMT, up 23 cents from their last settlement, pushed by a slight fall in drilling activity. The International Energy Agency said on Friday that a cut in production from non- OPEC suppliers, especially from the United States, would lead to a rebalancing of the...

  • SHANGHAI, Sept 14- China's yuan weakened at the open on Monday despite a slightly stronger central bank midpoint, possibly suggesting pressure on the Chinese currency from capital outflows. Chinese banks saw net capital outflows of $109 billion in the first quarter of 2015 and weak incentives to hold the yuan positions indicate capital may keep trickling out,...

  • *China unveiled details on Sunday of how it would restructure its state-owned enterprises, including partial privatisation, as data pointed to a cooling in the world's second-largest economy. *Concerns over the world's major emerging economies, and in particular China, are growing as financial investors reassess the outlook for global growth, the Bank of...

  • SYDNEY, Sept 14- U.S. corn rose for a sixth straight session on Monday to hit its highest in a month, supported by a lower-than-expected production forecast from the U.S. Department of Agriculture. *Chicago Board of Trade December corn climbed 0.9 percent to to $3.90-1/ 2 a bushel, its strongest since Aug. 12. Corn gained 3.4 percent in the previous session.