TRIPOLI, Dec 20- Libya's internationally recognised government aims to set up a new payment system to receive oil revenues, bypassing the central bank based in Tripoli, the capital city that is no longer under its control, its top oil official said on Saturday. The OPEC oil producer has had two parallel governments and parliaments since August when a group called...» Read More
TOKYO, July 16- Japan's output gap turned positive in January-March for the first time in about six years, the Bank of Japan said in its monthly economic report on Wednesday, in a positive sign that inflation is moving toward the central bank's price target.
July 16- Italian lottery operator GTECH SpA said it will buy Las Vegas- based slot machine maker International Game Technology for $4.7 billion in cash and stock to increase its scale and offerings in the global gaming market. The company has received binding commitments of $10.7 billion from Credit Suisse, Barclays and Citigroup to finance the deal.
HELSINKI, July 16- Microsoft Corp is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources. Some 25,000 Nokia workers moved this spring to Microsoft with the cellphone unit acquisition, 4,700 of them in Finland.
*Huadian Power jumps on positive profit alert. HONG KONG, July 16- Hong Kong and China shares eked out slim gains by midday on Wednesday, after China reported that second-quarter economic growth was slightly faster than market expectations.
SHANGHAI, July 16- The yuan edged up against the dollar on Wednesday after China's economic growth for the second quarter came in moderately better than expected, helping to offset a weaker central bank midpoint.
July 16- Italy's GTECH SpA will buy International Game Technology in a cash-and-stock deal valued at $6.4 billion, including net debt, the companies said on Wednesday. GTECH will pay $4.7 billion in cash and stock and the assumption of $1.7 billion in net debt, the companies said in a statement.
*China data catalyst for Brent to climb towards $108- analyst. SINGAPORE, July 16- Brent crude climbed above $106 a barrel on Wednesday as data from China showed its economy grew faster than expected in the second quarter and the country's implied oil demand rose to its highest since the beginning of last year.
*Property cooldown now seen as biggest risk to economy-analysts. BEIJING, July 16- Growth in China's real estate investment slowed in the first half of 2014 as sales and new construction slipped, highlighting the growing risk that the cooling housing market poses to the broader economy.
*China Q2 GDP grows 7.5 pct on year. SYDNEY, July 16- A slight pick up in the pace of China's economic growth in the second quarter brightened the outlook for metals demand on Wednesday, helping drive Shanghai zinc and London aluminium near their highest in more than a year.
*Line may list in Tokyo and the United States. SEOUL, July 16- South Korea's Naver Corp said on Wednesday its Japan- based messaging application subsidiary Line Corp has applied for an IPO in Tokyo- an offering that could value the company at more than $10 billion. Naver, in a regulatory filing, stressed that its plans were preliminary.
Headline data showed China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.
TOKYO, July 15- Japanese messaging app operator Line Corp applied for an initial public offering that is likely to value the company at over 1 trillion yen around two weeks ago at the Tokyo Stock Exchange, a person with knowledge of the matter said on Tuesday.
VIENNA/ NAIROBI, July 16- A United Nations panel that monitors compliance with U.N. sanctions on Somalia has accused the country's president, a former minister, and a U.S. law firm of conspiring to divert Somali assets recovered abroad, according to a new report.
SEOUL, July 16- South Korea has delayed a move to allow certain levels of the animal feed additive zilpaterol in beef to August from mid-July as it finalizes the policy, a food ministry official said on Wednesday.
BEIJING, July 16- China's economy grew slightly faster than expected in the second quarter as a burst of government stimulus paid dividends, but analysts said further support was likely to be needed to meet the government's growth target for 2014..
*Vietnam coastguard says rig being moved toward China's Hainan island. *Rig's deployment caused breakdown in China- Vietnam ties.
*Intel stock up more than 4 pct after beating estimates. SYDNEY, July 16- Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, enough to prompt a sigh of relief from investors, but little else.
TOKYO, July 16- Japanese government bond prices edged lower on Wednesday, weighed by Bank of Japan Governor Haruhiko Kuroda's remarks the previous day that the current level of long-term rates was low. The central bank could have sent a warning against an excessive fall in yields, "said a trader at a Japanese bank in Tokyo.
BEIJING, July 16- China's economy grew 7.5 percent between April and June from a year earlier, slightly above expectations and quickening from the 7.4 percent pace in the first quarter, reinforcing hopes that a recovery is under way after a flurry of government stimulus measures.
SEOUL, July 16- South Korea's Naver Corp said on Wednesday its Japan- based messaging application subsidiary Line Corp has applied for an initial public offering at the Tokyo Stock Exchange. Naver, in a regulatory filing, said it is considering a dual listing in Japan and the United States.