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  • LONDON, Feb 3- Glimmers of recovery in oil prices on Wednesday lifted European stock markets off their lows and dimmed the allure of the Japanese yen, gold and ultra-low-risk government debt. U.S. crude moved back above $30 a barrel after a third consecutive day of oil price losses in Asia had weighed on regional stock markets. Global benchmark, Brent, was last 44...

  • LONDON, Feb 3- Oil rose on Wednesday, paring earlier losses after fresh comments from Russia about its openness to talk with OPEC over output cuts helped revive hope among investors that the world's largest producers could act to boost prices. Russian Foreign Minister Sergei Lavrov said if there is consensus among the Organization of the Petroleum Exporting...

  • SINGAPORE, Feb 3- Oil futures rose in late Asian trade on Wednesday after spending most of the session in negative territory as U.S. crude stocks last week surged to more than half-a-billion barrels and as Iran plans to boost exports from March. U.S. crude, also known as West Texas Intermediate, rose 13 cents to $30.01, after ending the previous session down $1.74, or...

  • The BoJ is uncomfortable with markets: Economist Wednesday, 3 Feb 2016 | 2:01 AM ET
    The BoJ is uncomfortable with markets: Economist

    Freya Beamish, economist at Lombard Street Research, says the Bank of Japan is uncomfortable with the yen's status as a safe-haven asset in markets.

  • TOKYO, Feb 3- Japan's finance ministry said Wednesday it will halt the sale of floating-rate 10- year Japanese government bonds designed for retail investors as yields have plummeted following the adoption of negative interest rates by the Bank of Japan. Under the ministry's initial JGB issuance plan for the fiscal year starting in April, bonds intended for...

  • *Nikkei down 3.2 pct, Hong Kong 2.7 pct. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.1 percentled by a 2.7 percent fall in Hong Kong shares. The selloff is likely to extend into the European session, with spread-betters expecting Germany's DAX and France's CAC 40 lose as much as 1.1 percent each and Britain's FTSE 0.9 percent.

  • By Shinichi Saoshiro and Masayuki Kitano. TOKYO/ SINGAPORE, Feb 3- The yen edged higher against the dollar on Wednesday as falling oil prices sparked an investor flight into safer assets, driving down U.S. debt yields to 10- month lows and dulling the greenback's appeal. "Since China growth concerns began shaking the markets in August, the broad theme has been...

  • Strong company earnings, oil recovery send stocks higher Wednesday, 3 Feb 2016 | 12:13 AM ET

    KEEPING SCORE: France's CAC 40 inched down 0.2 percent to 4,276.23 and Germany's DAX was down 0.7 percent at 9,513.72 in early trading. Britain's FTSE 100 slipped 0.4 percent to 5,899.64. Two days of sharply weaker oil prices have refocused share markets on the potential problems flowing from the bear market in oil, "said Ric Spooner, chief analyst at CMC Markets...

  • JGB yields hit record lows as Tokyo stocks plunge Wednesday, 3 Feb 2016 | 12:00 AM ET

    TOKYO, Feb 3- Japanese government bond yields fell to record lows on Wednesday as a plunge in Tokyo shares fueled demand for safe-haven debt. The five-year JGB yield hit minus 0.12 percent and the benchmark 10- year yield descended to 0.045 percent, both all-time lows. The BOJ would have to buy JGBs at even higher prices in such a case, "wrote Shuichi Ohsaki, a rates...

  • *China, soy demand seen slowing in Lunar New Year break. SINGAPORE, Feb 3- Chicago soybeans slid on Wednesday after scaling a six-week peak in the last session as expectations of weaker demand in top importer China during the Lunar New Year break weighed on the market. China, which buys more than 60 percent of soybeans traded worldwide, will be closed next week as the...

  • *China has room to top up stimulus, can achieve stable growth. TOKYO, Feb 3- Bank of Japan Governor Haruhiko Kuroda said the central bank has ample room to expand stimulus further and is prepared to cut interest rates deeper into negative territory, signaling a readiness to act again to hit his ambitious inflation target. The BOJ chief said although Japan's economy...

  • BOJ Kuroda says can ease more, devise new tools Tuesday, 2 Feb 2016 | 10:22 PM ET

    Bank of Japan Governor Haruhiko Kuroda said the central bank can expand asset purchases further or cut rates deeper into negative territory if needed.

  • Dollar/yen pullback is overplayed: Citi Tuesday, 2 Feb 2016 | 10:03 PM ET
    Yen is likely to weaken : Citi

    Negative rates policy will support asset prices and cause the yen to weaken furhter, explains Todd Elmer, currency strategist at Citi.

  • TOKYO, Feb 3- Asian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs. The MSCI's broadest index of Asia-Pacific shares outside Japan fell 2.1 percentled by a 3.0 percent fall in Hong Kong shares. Demand is slowing in many emerging markets and...

  • SINGAPORE, Feb 3- Oil futures extended losses into a third session in Asian trade on Wednesday, as U.S. crude stocks last week surged to more than half a billion barrels and as Iran plans to boost exports from March. Brent for April delivery had dropped 25 cents to $32.47 a barrel as of 0204 GMT, after settling down $1.52, or 4.4 percent. Prices are going to zig-zag for a...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • TOKYO, Feb 3- The yen and euro held on to overnight gains against the dollar on Wednesday after a sharp slide in crude oil prices fuelled risk aversion, driving down U.S. debt yields to 9- month lows and dulling the greenback's appeal. The euro was steady at $1.0924 following an overnight gain of 0.3 percent. "Since China growth concerns began shaking the markets in...

  • Japan's savers won't play ball as BOJ turns negative Tuesday, 2 Feb 2016 | 6:00 PM ET

    *Japan has much higher savings rate than U.S. or euro zone. Bank of Yokohama Ltd, one of Japan's biggest regional lenders, cut its one-year rate to 0.02 percent from 0.025 percent, and Resona Bank, a unit of fourth-largest lender Resona Holdings, halved its rate to 0.025 percent on five-year deposits. Central bank governor Haruhiko Kuroda aims to break the...

  • Sake-flavored KitKat released in Japan Tuesday, 2 Feb 2016 | 4:12 PM ET
    Sake-flavored KitKat

    Beginning Feb. 1, a sake-flavored KitKat will be available in Japan.

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."