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  • NEW YORK, Sept 8- JPMorgan Chase& Co. is cutting prices for a group of its credit card customers and getting Visa Inc to shoulder at least some of the burden of the lost revenue, underscoring how the largest U.S. bank's size can help it hang onto business in fiercely competitive markets. Chase, which generated roughly $3.6 billion of revenue last year from those fees,...

  • WASHINGTON, Sept 8- U.S. railroads may not be obligated under federal law to carry freight including crude oil and hazardous materials from Jan. 1 if they fail to meet a year-end deadline for implementing new train safety technology, according to a top federal regulator. In a Sept. 3 letter to the Senate Commerce Committee, U.S. Surface Transportation Board...

  • *China's crude oil imports drop 13.4 pct in August. China's crude oil imports fell 13.4 percent in August to 26.59 million tonnes from the previous month, although underlying demand remains strong. Sechin also said that he expected China's oil demand to continue to rise in the long-term: "In 15 years, according to our estimates, China will consume 850 million...

  • *China August imports data signal spreading slowdown. HONG KONG, Sept 8- Asian stocks edged higher on Tuesday after a six-day losing streak and the dollar firmed against the safe-haven Japanese yen, but gains were capped as a slump in China's imports raised fears of a more severe slowdown there. "I'm not optimistic about the prospect of exports and it's unlikely...

  • SHANGHAI, Sept 8- China stocks fell more than 1 percent on Tuesday morning despite market-soothing measures announced overnight, as investors continued to sell shares amid economic uncertainty. Hong Kong stocks were almost flat. Late on Monday, China said it would remove personal income tax on dividends for shareholders who hold stocks for more than a year, a...

  • MELBOURNE, Sept 8- London copper held its ground on Tuesday after China's August trade data showed copper imports holding steady in the world's top metals user despite signs of broader struggles for growth. China's total exports fell less than expected last month but a steeper slide in imports pointed to continuing economic weakness, adding to concerns over...

  • UPDATE 1-China monthly copper imports flat in August Tuesday, 8 Sep 2015 | 12:13 AM ET

    *Copper concentrate imports up 18.6 pct to 1.15 mln T. HONG KONG, Sept 8- China's copper imports were flat in August from the previous month despite weak international prices, hit by slowing growth in the world's No.2 economy. Copper touched a six-year low of $4,855 a tonne last month.

  • SHANGHAI, Sept 8- China's yuan weakened slightly on Tuesday after the government posted a record monthly drop in the country's foreign exchange reserves in August and released another set of poor import and export data. China announced on Monday its foreign exchange reserves dropped by a record $93.9 billion in August, reflecting Beijing's attempts to halt a...

  • BEIJING, Sept 8- China, the world's largest coal buyer, imported 17.49 million tonnes of the fuel in August, down 17.7 percent from July, with already weak demand affected by a currency devaluation that made foreign coal more expensive. China has been trying to tackle an immense supply glut that has weighed on prices. Industry estimates suggest that more than half...

  • BEIJING, Sept 8- China's August exports fell less than expected but a steeper slide in imports pointed to continuing economic weakness, adding to concerns over the health of the world's second-largest economy that have been rattling global markets. "I'm not optimistic about the prospect of exports and it's unlikely China can achieve the export target this...

  • FOREX-Dollar dips vs yen as Asian equities totter Monday, 7 Sep 2015 | 11:53 PM ET

    TOKYO, Sept 8- The dollar dipped against the yen on Tuesday, reversing earlier modest gains as Asian equities tottered and put the safe-haven Japanese currency in favour. Japan's Nikkei fell 1.7 percent, dragged lower as Shanghai stocks dropped in wake of disappointing Chinese import data. "In terms of dollar/yen, it has been led back and forth by equities-...

  • *Uber China raised $1.2 bln in ongoing funding round. BEIJING, Sept 8- U.S. ride-hailing service Uber Technologies Inc will enter 100 more Chinese cities over the next year, doubling a previous goal set just three months ago, Chief Executive Travis Kalanick said on Tuesday. Uber's China unit currently operates in almost 20 cities, Kalanick said at an event in...

  • BEIJING, Sept 8- China's August exports fell a less than expected 5.5 percent from a year earlier, while imports declined by 13.8 percent. That left the country with a trade surplus of $60.24 billion for the month, the General Administration of Customs said on Tuesday, compared with forecasts of $48.20 billion. Global investors will be closely watching China's...

  • *Wheat rises from 5- year low on end user demand. *Corn up 1.1 pct, soy rises 0.7 pct ahead of USDA report. Corn gained 1 percent while soybeans rose 0.7 percent ahead of a U.S. Department of Agriculture's monthly supply-demand report due later this week.

  • BEIJING, Sept 8- China's exports denominated in yuan fell 6.1 percent in August from a year earlier, local media reported on Tuesday. Imports fell 14.3 percent in yuan terms, sina.com said on its microblog Weibo Feed, without citing its sources. That produced a monthly trade surplus of 368 billion yuan.

  • For China market reports, please click. **Sept 7- China removes personal income tax on dividends for shareholders who hold stocks for more than a year, halves tax on dividends for those holding shares between a month and a year. State media issues commentaries defending China's policy making, showing Beijing's sensitivity to suggestions it may have fumbled...

  • U.S. crude benchmarks were at $44.60 per barrel at 0152 GMT, down $1.45 since Friday's close, weighed down by the closure of the largest crude distillation unit at Exxon Mobil Corp's 502,500 barrel-per-day Baton Rouge, Louisiana, refinery. On the supply side for oil, recent speculation that Russia might be willing to cooperate with the Organization of the...

  • SHANGHAI, Sept 8- China major stock indexes fell in volatile in early trading on Tuesday, after Beijing introduced fresh measures- including tax cuts and a proposed "circuit breaker" system- to discourage speculation and stem further slides in share prices. Late on Monday, China said it would remove personal income tax on dividends for shareholders who hold...

  • TORONTO, Sept 7- Alberta's energy regulator said late on Sunday it will allow Nexen Energy, the Canadian subsidiary of China's CNOOC Ltd, to reopen some pipelines ordered closed following a major spill. The Alberta Energy Regulator said it would allow a restart of 40 of 95 pipelines closed at Nexen's Long Lake oil sands operations after reviewing maintenance...

  • TOKYO, Sept 8- Japanese stocks dropped in another choppy morning session on Tuesday as lingering worries over China's economic health offset revised data showing Japan's economy shrank less than expected. Investors were on edge ahead of China's trade data, which could point to further weakness in the world's second-largest economy. China's exports were...