*Qualcomm: believes its practices are lawful. BEIJING, Dec 12- China's top economic planning agency has "substantial evidence" against chipmaker Qualcomm Inc in an antitrust probe, state media on Thursday quoted a senior official at the price regulator as saying.» Read More
NEW YORK, Aug 21- No. 2 home improvement chain Lowe's Cos Inc reported a rise in quarterly profit and sales on Wednesday as U.S. homeowners encouraged by the housing market recovery spent more on their homes. Net earnings rose to $941 million, or 88 cents a share, in the second quarter ended Aug. 2 from $747 million, or 64 cents a share, a year earlier.
China's second largest supermarket chain, which signed a joint venture with British retailer Tesco Plc earlier this month, is trying to accelerate growth at home and fend off competition from market leader Sun Art Retail Group Ltd.
COLOMBO, Aug 21- A Sri Lankan court on Wednesday issued a summons to Fonterra Brands Lanka, the local company of New Zealand's Fonterra and four of its top officials to face contempt of court charges for not adhering to an earlier ruling that banned sales and advertising of all Fonterra milk products.
BEIJING, Aug 21- A British risk consultant held in China since mid-July amid an investigation into the country's pharmaceutical industry has been arrested, the British Embassy in Beijing and his family said on Wednesday.
*Average selling price rises 13 pct to $651,000. Aug 21- Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 24 percent increase in revenue as it sold more homes at higher prices, showing signs of a recovering U.S. housing market. Net income fell to $46.6 million, or 26 cents per share, from $61.6 million, or 36 cents per share, a year earlier.
*July crude imports from Iran 397,261 bpd, down 12.6 pct y/y. *Jan-July imports 420,267 bpd oil from Iran, down 3.5 pct. BEIJING, Aug 21- China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, putting it closer to hitting what officials have said is the likely goal for 2013 imports from the Middle Eastern nation.
The week of commemorations in Washington will culminate on Aug. 28, when President Barack Obama, the first black U.S. president, will speak at the Lincoln Memorial 50 years to the day after King made his historic address at the site. King, an advocate of non-violence, was among six organizers of the 1963 March on Washington, a rally for jobs and freedom.
28 marks the 50th anniversary of the March on Washington and the Rev. 1954- Supreme Court outlaws segregation in public schools in Brown v. 1962- James Meredith enrolls at University of Mississippi after President John F. Kennedy sends in troops.
*Tokyo stocks recoup losses, Japan raises radiation alert. "I don't think we're going to get that clear signal as to whether September is when they pull the trigger on tapering, but that is what the markets are hoping for," said Daragh Maher, FX strategist at HSBC.
ATHENS, Aug 21- The European Central Bank was checking up on how well Greece is meeting its international bailout obligations on Wednesday, a day after Germany's finance minister said a third aid programme would be needed to keep Athens afloat.
HONG KONG, August 21- Hong Kong shares posted a fifth-straight day of losses on Wednesday as investors remained cautious on concerns over outflows from Asian markets ahead of a China economic survey that could offer clues on the world's second-largest economy. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.5 percent.
LONDON, Aug 21- The dollar edged away from a six-month low against the euro on Wednesday but stayed under pressure on concerns the U.S. Speculation the U.S. central bank will begin backing away from its $85 billion a month in asset purchases from September has underpinned the dollar while lifting Treasury yields.
*UK ex-divs weigh on index. LONDON, Aug 21- European stocks edged lower on Wednesday, weighed down by a fall in the value of UK stocks trading without the attraction of their latest dividend, as investors awaited more clues on the outlook for U.S. monetary policy.
*China says it "shocked" to hear plant still leaking contaminated water. TOKYO, Aug 21- Japan's nuclear crisis escalated to its worst level in two years on Wednesday, with its nuclear watchdog saying it feared more tanks were leaking contaminated water and China expressing its shock over the disaster.
TOKYO, Aug 21- Japanese government bonds rose on Wednesday, with the benchmark yield touching a three-month low at one point, as investors awaited the minutes of the U.S. The Bank of Japan has pledged to maintain its easy policy to hit its target of two percent inflation within two years, while the Fed is expected to begin reducing its stimulus as early next month.
*Gold fluctuates between losses and gains. SINGAPORE, Aug 21- Gold slipped on Wednesday on uncertainty over whether the U.S. Our clients are tempted to add more exposure to gold, "said Helen Lau, senior analyst for China's commodities sector at UOB-Kay Hian."
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HONG KONG, August 21- China shares ended mixed on Wednesday, dragged down by weakness in financials and property counters ahead of a economic survey that could offer clues on how the Chinese economy is doing. Shares of Everbright Securities, which plunged the maximum 10 percent limit in Shanghai on Tuesday, fell another 5.9 percent.
BEIJING, Aug 21- China's banks have reduced lending to property projects in smaller Chinese cities due to concerns about an excess supply of homes in those areas, the chief economist at a state think-tank said on Wednesday.
BEIJING, Aug 21- China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, data from the General Administration of Customs showed on Wednesday. China, Tehran's largest oil customer, bought 1.687 million tonnes of crude from the Middle East nation in July, or about 397,261 barrels per day.