The U.S. Food and Drug Administration had denied approval for tivozanib's use in renal cell carcinoma in June, citing inconsistent patient survival data. Colorectal cancer, also known as colon cancer, rectal cancer or bowel cancer, is the second leading cause of cancer death in men and women combined in the United States, according to the American Cancer Society.» Read More
*Market keeps an eye on standoff over Syria. At 0446 GMT, Brent was up 5 cents at $105.52 a barrel. U.S. oil added 5 cents to $97.82 after hitting a nine-month high near $99 a barrel in the previous session.
JAKARTA, June 18- Indonesia will hike petrol prices once the government has finalised the process to compensate poor families for the rise in fuel costs, the finance minister said on Tuesday. Chatib Basri did not provide a specific timeline on when that may occur. Under the government's measures, ordinary gasoline will rise 44 percent and diesel by 22 percent.
*'Big Four' China banks lackluster despite higher state stakes. HONG KONG, June 18- Hong Kong shares slipped after two days of gains with investors selling recent outperformers and turnover low as global markets brace for this week's U.S.
WASHINGTON, June 18- U.S. companies hoping to export natural gas are frustrated by lengthy delays and rule changes as they await U.S. Department of Energy approval of their applications and may turn to the courts to speed up the process.
*Weak physical demand from India, China- traders. SINGAPORE, June 18- Gold fell on Tuesday for a second straight session as muted physical demand weighed on prices, alongside fears of any cut in the U.S. Physical demand is falling off in India and China, the top two consumers of bullion, from peak levels seen after the historical sell-off in April. "
*Copper falls on concerns over Fed stimulus. SINGAPORE, June 18- London copper eased for a second straight session on Tuesday, with investors cautious as they wait for more clues on the outlook for U.S. stimulus at a two-day Federal Reserve meeting starting later in the day.
--Clyde Russell is a Reuters market analyst. Indonesia has joined China, the region's biggest oil consumer, and India, the third-largest, in moving toward market-based pricing for transport fuels.
TOKYO, June 18- The U.S. dollar hovered above a two-month low against the yen on Tuesday but struggled to extend gains on worries the U.S. The Australian dollar slipped after the minutes of the Reserve Bank of Australia showed the bank thinks the currency remains high despite its recent steep decline and sees scope for further depreciation.
*Sony rises after hedge fund ups stake, presses spin-off.
WASHINGTON, June 17- President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.
*Market keeps an eye on standoff over Syria. SINGAPORE, June 18- Brent crude futures were barely changed around $105, holding not far off their strongest level in 10 weeks on mounting tensions in the Middle East, as investors remain cautious ahead of a Federal Reserve meeting.
Japan's economics minister also moved to parry any suggestion that Prime Minister Shinzo Abe's policies, known as "Abenomics," are aimed at intentionally weakening the yen to benefit the country's exports.
SINGAPORE, June 18- London copper edged higher on Tuesday after a decline in the previous session, but trading remained cautious as investors awaited news on the Fed's stimulus programme from a two-day meeting starting later in the day. *Three-month copper on the London Metal Exchange rose 0.7 percent to $7,130.75 a tonne by 0102 GMT.
*NYMEX crude futures for July delivery had added 21 cents to $97.98 a barrel by 0030 GMT. *Production at Norway's Oseberg field and several adjunct fields in the North Sea was shut early on Monday and it was unclear when it would restart, its operator Statoil said on Monday.
HONG KONG, June 18- Hong Kong shares were poised to start lower on Tuesday, with GCL-Poly Energy Holdings diving 11.4 percent, more than the 9.1 percent discount from its Monday close on news that a substantial shareholder priced a stake sale. The Hang Seng Index was set to open down 0.6 percent at 21,102.6 points.
*Sony rises after hedge fund ups stake, presses spin-off. TOKYO, June 18- Japan's Nikkei rose on Tuesday, heading for a third straight day of gains, which will mark its longest winning run since a sharp selloff on May 23, underpinned support the U.S. economy.
TOKYO, June 18- New York- based hedge fund company Third Point said it had raised its stake in Japan's Sony Corp and asked for an opportunity to present its proposal to Sony's board for a partial spin-off of the company's entertainment unit.
TOKYO, June 18- The U.S. dollar hovered above a two-month low against the yen on Tuesday but uncertainty ahead of the outcome of the U.S. The dollar fetched 94.61 yen in early Asian trade, little changed from late U.S. levels after positing its first gains in five sessions on Monday.
TOKYO, June 18- Japanese Finance Minister Taro Aso said on Tuesday he thought the Bank of Japan made a correct decision in sticking with its expanded quantitative easing and said he doubted that market participants expect the central bank to ease policy further.
WASHINGTON, June 17- The White House threatened to veto a five-year farm bill on Thursday because of "unacceptable deep cuts" in food stamps for the poor that could increase hunger across America.