TOKYO, Dec 25- Fuji Heavy Industries, the maker of Subaru brand cars and SUVs, has scrapped a plan to shift production of the new XV Crosstrek to its U.S. plant and will instead make the SUV in Japan, a source familiar with the company's production plans said. Fuji Heavy, which has a policy of making cars in markets where they are sold, decided to make the new vehicle in...» Read More
SYDNEY, July 21- Most Asian stock markets edged higher on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with modest increases for most markets across Asia.
LONDON, July 21- Britain's biggest retailer Tesco said on Monday its chief executive Philip Clarke would quit, to be replaced by Unilever executive Dave Lewis, after it issued a profit warning.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- Australian lawmakers have voted to dump a tax that was arguably working and keep one that is demonstrably failing in yet another example of petty politics trumping sensible policy.
India is the most prominent of a group of developing nations angry with rich countries for failing to address their concerns about a deal on trade facilitation struck by WTO member states in Bali, Indonesia, last year. In Bali, WTO members agreed to give India a pass on its stockpiles until 2017, while negotiating a permanent solution.
PARIS, July 21- Cement makers Holcim and Lafarge are in "advanced" talks with European competition regulators over their proposed merger, and have filed formal notifications in five major markets, Holcim Chief Executive Bernard Fontana told the Wall Street Journal.
July 21- Activist investor Elliott Management Corp has taken a $1 billion stake in data storage equipment maker EMC Corp and plans to push the company to spin off its VMware Inc unit, the Wall Street Journal reported, citing people familiar with the matter.
*U.S. accuses Russia of complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. "There is a fair way to go before the situation turns into something that poses a more clear danger to disruption on oil and gas supplies from Russia," said Ric Spooner, chief markets analyst at CMC Markets in Sydney.
*Holiday in Japan saps currency markets. SYDNEY, July 21- The euro regained more ground on the dollar in Asia on Monday, having rebounded from a five-month trough, but trading was anything but energetic thanks to a holiday in Japan and amid concerns that geopolitical tensions could flare up at any time.
*China railway sector rises on state support. *China airlines fall after another profit warning. HONG KONG, July 21- China shares held a soft tone on Monday, with investors preparing a sizable amount of money for upcoming initial public offerings, while Hong Kong was flat.
HOUSTON, July 21- California refiners remain far behind peers elsewhere in the country in replacing expensive imports with cheaper North American crudes from a new production boom. More than half of the 1.7 million barrels of crude processed by California refineries each day is imported, largely from Saudi Arabia, Ecuador, Iraq and Colombia.
VANCOUVER, Washington, July 21- California's chance to keep a lid on some of the nation's highest gas prices and join in the spoils of a domestic oil production boom is threatened by quickly growing opposition to a rail terminal in Washington state.
MEXICO CITY/ NEW YORK, July 21- Preliminary findings of a probe by Citigroup's Mexican unit, Banamex, into how it lost more than $500 million in a corporate loan fraud differ markedly from the results of a separate investigation by the Mexican banking regulator.
July 21- Rupert Murdoch's plan to buy Time Warner would help the Twenty-First Century Fox chairman make larger inroads in China, a fast-growing market that media moguls are finding hard to crack. Time Warner's board rejected Murdoch's $80 billion offer, but the Fox chairman is expected to continue the chase.
*U.S. blames Russia for complicity in shooting down flight MH17. *New European sanctions on Russia may heighten oil risk premium. "There is a fair way to go before the situation turns into something that poses a more clear danger to disruption on oil and gas supplies from Russia," said Ric Spooner, chief markets analyst at CMC Markets in Sydney.
WASHINGTON, July 21- The share of U.S. companies raising wages more than doubled in the three months to July from a year ago, a survey showed on Monday, suggesting a faster pace of wage growth.
HONG KONG, July 21- China's yuan weakened against the dollar on Monday, extending last week's losing streak as investors judged the latest growth numbers would not trigger a fresh bounce in the currency in the near term as the broader economic outlook remains cloudy.
*Copper speculators turn the most bullish since at least 2006. SYDNEY, July 21- London copper held near a three-week low on Monday as worries over the health of China's property sector and a build up in the country's stocks of the metal highlighted an expected market surplus in the second half.
SYDNEY, July 21- Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.24 percent, with small gains for most markets across Asia.
*45- strong Australian investigation team heading to Ukraine. SYDNEY, July 21- Australia's prime minister voiced deep concern on Monday that Russian-backed rebels remained in control of the crash site of a Malaysian airliner shot down over Ukraine, saying the site looked more like a "garden clean-up" than a forensic investigation.
SINGAPORE, July 21- Gold steadied above the $1,300 an ounce support level on Monday, aided by anticipation of increased geopolitical risks as the United States began demanding answers from Russia after a Malaysian plane was downed in eastern Ukraine. *Spot gold was little changed at $1,308.70 an ounce by 0053 GMT.