HONG KONG, July 29- China's Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 percent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc..» Read More
*Copper on track to post biggest weekly gain this year. *China markets reopen from week-long holiday. LONDON, Feb 7- Copper rose on Friday, on track to post its largest weekly rise for the year, boosted by encouraging labour market data from the United States and limited short-term availability of the metal in the physical market.
BRUSSELS, Feb 7- ArcelorMittal, the world's largest steelmaker, forecast higher profits this year, driven by higher steel sales and margins, and an increase in iron ore production as Europe ended two years of decline.
ECB SAYS TO DECIDE AT LEAST TWO MONTHS BEFORE NOVEMBER'S SSM START WHICH BANKS WILL COME UNDER ITS DIRECT SUPERVISION.
ECB SAYS WILL GET POWER UNDER NEW SSM SUPERVISORY RULES TO GRANT, WITHDRAW BANK LICENCES, ASSESS ACQUISITIONS OF QUALIFYING HOLDINGS.
*Single Supervisory Mechanism for sector to start on Nov. 4. FRANKFURT, Feb 7- The European Central Bank will attain significant powers over the euro zone's commercial banks once it becomes their supervisor later this year, including withdrawing bank licences and assessing acquisitions, it said on Friday.
SINGAPORE, Feb 7- Singapore is proposing wide-scale reforms to its equity market rules in the wake of a penny stock scandal, its central bank and stock exchange announced on Friday.
LONDON, Feb 7- German Bund futures rallied while lower-rated bonds pared gains on Friday after Germany's top court referred a complaint against the European Central Bank's "unlimited" bond-buying scheme to the European Court.
*Genting Singapore, Landing International to develop $2.2 bln South Korea casino resort. HONG KONG, Feb 7- Casino operator Genting Singapore and Chinese property developer Landing International Development will develop a $2.2 billion casino resort in South Korea, joining global gaming firms rapidly expanding across Asia to court wealthy Chinese punters.
MUMBAI, Feb 7- The Indian Commodity Exchange is set to fold due to plummetting trading volume as a result of the government's failure to liberalise and investors retreat from futures markets after a major financial scandal at another exchange last year.
"There is potentially a further wave of investment headed for the prime central London property market," Tom Bill, associate in the Knight Frank residential research team, told Reuters.
*Coming up: U.S. non farm payrolls data; 1330 GMT. LONDON, Feb 7- Brent crude oil steadied above $107 a barrel on Friday on optimism U.S. jobs data would confirm accelerating economic growth in the world's top oil consumer. Brent crude was up 5 cents at $107.24 by 0920 GMT, after rising 0.9 percent in the previous session- its biggest daily gain since Jan. 22.
KIEV, Feb 7- Ukraine's central bank played down fears about the hryvnia currency on Friday, saying any market strains caused by high demand for dollars were short-term and that its measures would soon bring stability.
*2013 sales of Vyvanse in ADHD expected to be about $1.2 billion. LONDON, Feb 7- Pharmaceuticals group Shire has halted development of its top-selling hyperactivity drug Vyvanse as a treatment for depression after it failed to treat patients successfully in two late-stage clinical trials.
*Skanska drags after orders lag. But peer SSAB fell 1.7 percent after reporting its sixth straight quarterly loss with slowing growth in China, though it said the hard-hit European steel market had bottomed out.
HONG KONG, Feb 7- Internet search company Google Inc will own a 5.94 percent stake in China's Lenovo Group Ltd worth $750 million once Lenovo's deal to buy Google's Motorola handset division closes, according to a disclosure on the Hong Kong stock exchange. Google would take 618.3 million Lenovo shares at $1.213 per share, the stock exchange said late on Thursday.
The Boston- based fund tracker, which releases data late on Thursday to clients, said $6.37 billion had fled emerging equity funds in the week to Feb. 5, while bond funds shed $1.98 billion. Emerging equity funds have now suffered 15 straight weeks of outflows, a record that beats the previous 14- week losing streak seen in 2002, analysts at Morgan Stanley said.
KARLSRUHE, Germany, Feb 7- Germany's Constitutional Court will refer a complaint against the European Central Bank's flagship bond-buying plan to the European Court, removing the prospect of it curbing the programme.
Vietnamese, Indian and Thai carriers will place orders for over 100 Airbus or Boeing passenger jets worth $12 billion at list prices, industry officials say. Malaysian Airlines could also place an order for Airbus long-haul and medium-haul jets.
Feb 7- The tepid Hong Kong market had its best day in a month on Friday, led by financial and energy plays as investors covered short positions in some counters hit hard in a recent selloff. The Hang Seng Index closed up 1 percent at 21,636.85 in its biggest one-day advance since Jan. 8.
LONDON, Feb 7- European shares edged up on Friday as heavyweight steelmaker ArcelorMittal unveiled upbeat forecasts and investors anticipated further encouraging economic data from the United States. Shares in the firm were up 3.8 percent at 0803 GMT.