*No sign of OPEC cutting output. NEW YORK, Oct 31- Oil prices dropped on Friday and were headed toward their fourth consecutive monthly fall as another round of monetary stimulus from Japan pumped up the U.S. dollar and pounded a crude market already suffering from robust supply. The downtick was led by Angola and Nigeria, with overall OPEC production still...» Read More
China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Li said, according to the official Xinhua news agency. As China has advanced technologies in this area, Li said China was ready to work with Africa "to make this dream come true".
*Ukraine rebels ignore Putin call to delay self-rule vote. SINGAPORE, May 9- Brent crude held steady above $108 per barrel on Friday, supported by renewed tension in Ukraine and continued limited supply from Libya, but still on track for a second weekly loss.
May 8- Medical device maker Boston Scientific Corp said it received a subpoena this week from the Department of Health and Human Services seeking information about the performance of some of its implanted defibrillators. Boston Scientific, which competes with Medtronic Inc and St. Jude Medical Inc in selling ICDs, said it is cooperating with the request.
SYDNEY, May 9- London nickel prices surged beyond $20,000 per tonne for the first time in more than two years on Friday, climbing 4 percent as a flurry of supply concerns fuelled heavy buying of the stainless steel material. "NPI producers in China are facing a real problem in access to feed stock.
*Citi ends Deutsche's bid for 10th consecutive top spot. For the 2014 annual survey Citi displaced second-ranked Deutsche Bank, which had been top for nine straight years. Citi accounted for 16.04 percent of the $5.3 trillion a day forex market, up from 14.90 percent last year, the poll released late on Thursday showed.
SAO PAULO, May 8- A Brazilian federal court on Thursday gave police access to bank records of Brazil's state-run oil company Petroleo Brasileiro SA in a widening money laundering probe focused on refineries in Brazil and the United States.
TOKYO, May 9- Asian shares mostly slumped on Friday as a tense situation in Ukraine made investors cautious, though a tame inflation report from China calmed some nerves.
SYDNEY, May 9- London nickel prices surged beyond $20,000 per tonne for the first time in more than two years on Friday, climbing nearly 4 percent as a flurry of supply concerns fuelled appetite for the stainless steel material. However, the most-traded August copper contract on the Shanghai Futures Exchange climbed by 1 percent to 47,130 yuan a tonne.
*Toshiba gains on upward revision hopes. *Toyota's weak forecast priced in- traders. TOKYO, May 9- Japanese stocks edged higher on Friday in choppy trade as investors picked up companies with strong growth prospects, such as Toshiba, while concerns about the Ukraine crisis kept investors on edge.
SINGAPORE, May 9- U.S. crude futures held above $100 a barrel on Friday and were set to end a two-week slide, backed by a drop in U.S. oil stockpiles and renewed tensions in Ukraine. *U.S. crude for June delivery was up 21 cents at $100.47 a barrel by 0139 GMT.
*Bank of Korea forecast to raise rates as soon as Q3. SEOUL, May 9- South Korea's central bank held interest rates steady for a 12th straight month on Friday, and while most analysts see rates being raised as early as the third quarter, the bank is expected to stay on hold for the next few months as it analyses offshore risks.
WASHINGTON, May 8- The U.S. In a unanimous vote, the FEC, which enforces U.S. campaign finance laws, said a political committee could accept donations in bitcoins up to an individual limit of $100 for each election cycle and could also purchase bitcoins.
SEOUL, May 9- South Korea's central bank kept interest rates steady for a 12th straight month on Friday as it closely monitors tensions in Ukraine and China's slowdown- but the bank is expected to raise rates possibly as soon as the third quarter.
SINGAPORE, May 9- Gold prices were steady early on Friday supported by geopolitical tensions in Ukraine, with investors eyeing fund flows and Asian physical demand for further cues.
TOKYO, May 9- Asian shares got off to a lacklustre start on Friday after a flat performance on Wall Street, with a tense situation in Ukraine adding to the cautious mood ahead of China inflation data later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trading, while Japan's Nikkei stock average shed 0.3 percent.
*Yen stays firm, Ukraine separatist referendum on Sunday eyed. TOKYO, May 9- The euro was binding its wounds in early trade on Friday after dovish comments from European Central Bank President Mario Draghi sent the currency tumbling from a 2-1/ 2 year high on Thursday.
May 8- The governors of Maryland and Delaware on Thursday sent a letter to Pfizer Inc Chief Executive Officer Ian Read "expressing deep concerns" about the pharmaceutical company's bid to acquire London- based AstraZeneca Plc.
SAN FRANCISCO, May 8- Apple Inc is close to paying a record $3.2 billion for Beats Electronics, two people with knowledge of the matter said, an expensive foray into music streaming and headphone gear that would mark a departure for the usually cash-conservative iPhone maker.
May 9- For other related diaries, please. SEOUL- Bank of Korea holds Monetary Policy Committee Meeting- 0100 GMT. Treasury Secretary Jack Lew visits China.
ST. PAUL, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota gives keynote address for a recognition event before the Council on Asian Pacific Minnesotans 2014 Asian Heritage Dinner.