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  • *Jan-May imports from Iran slightly over 1 mln bpd. A deal between Iran and six world powers would resolve a 12- year standoff over the Islamic nation's nuclear work in exchange for relief from sanctions, which could eventually send millions of barrels flooding into an already saturated market. Iran, the United States, Britain, France, Germany, Russia and China...

  • SEOUL, June 30- U.S. chipmaker Qualcomm Inc has no plans to spin off its chips business at present, Executive Chairman Paul Jacobs said on Tuesday, despite recent investor pressure to do so amid intensifying industry competition. Hedge fund Jana Partners said in April Qualcomm should spin off the chip business from its patent-licensing business to improve...

  • POLL-Asia stock rally hopes rest on more rate cuts Monday, 29 Jun 2015 | 1:00 AM ET

    *Shanghai, Seoul shares to rise in 2015. Still, China's stock market has more than doubled over the past year. The People's Bank of China cut interest rates and reserve requirements for some banks simultaneously over the weekend, after the poll data were finalized on Friday.

  • *Supplementary budget to be handed to parliament early July. SEOUL, June 25- South Korea announced a financial package of more than 15 trillion won on Thursday, including a supplementary budget, designed to boost growth as a deadly outbreak of the MERS virus adds pressure on the already shaky economy. Finance Minister Choi Kyung- hwan said although there were...

  • SEOUL, June 25- South Korea announced a stimulus package of more than 15 trillion won on Thursday, including a supplementary budget, and slashed its economic growth forecast for the year as a deadly outbreak of the MERS virus added to pressure on the already shaky economy. "I am concerned growth will lag below 1 percent for a fifth straight quarter into the second...

  • SEOUL, June 25- South Korea's finance minister said on Thursday he was worried quarterly growth would be lower than 1 percent over the April-June period, against a backdrop of an outbreak of Middle East Respiratory Syndrome and an economic slump. "I am concerned growth will lag below 1 percent for a fifth straight quarter into the second quarter, and the current...

  • And the rebound "is going to be capped," says HSBC economist Fred Neumann, because of changes in the world economy, including how American consumers are "much more frugal" than a decade ago. Asian exports to the United States have risen this year, but Neumann says such growth now is more driven by investment in software development and shale-oil drilling than by...

  • *Greece concerns boost dollar, weaken oil. *Coming Up: Baker Hughes oil rigs report at 1700 GMT. Market participants will be looking out for oil services firm Baker Hughes' latest weekly reading on the U.S. oil rig count at 1:00 p.m. Eastern time to decide on further direction.

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil fell to around $63 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Greece concerns could weigh, analysts say. LONDON, June 19- Oil eased below $64 a barrel on Friday as concern over Greece and a forecast that U.S. shale oil output would keep growing this year countered signs of a pickup in demand. Greece has been less of a driver for oil than other markets such as equities, but analysts said the situation represented a bearish risk...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices rose for a third straight day on Thursday, helped by a weaker dollar and data showing draws this week at the delivery point for U.S. crude futures. Market intelligence firm Genscape reported a draw of about 870,000 barrels at the Cushing, Oklahoma delivery point for crude in the...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • LONDON, June 18- Oil prices rose on Thursday as a weaker dollar made fuel cheaper for holders of other currencies, and on hopes of a last-minute breakthrough that could keep Greece in the euro zone and help avoid a shock to European economic growth. European finance ministers meet in Luxembourg on Thursday for what could be the last best chance of a political...

  • SEOUL, June 18- Oil prices gained on Thursday, supported by a weakening U.S. dollar, continuing Middle East geopolitical tensions and hopes of progress in talks between Greece and its international creditors. July crude gained 1 cent to $59.93 a barrel as of 0749 GMT after falling 5 cents in the previous session. Brent August crude gained 35 cents to $64.22 a barrel...

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...

  • Italy's Alitalia agrees to start flights to Mexico Friday, 12 Jun 2015 | 5:47 PM ET

    June 12- Italy's largest airline, Alitalia Linee Aeree Italiane SpA, agreed on Friday to start direct flights between Rome and Mexico City, as part of its plan to expand revenue via long, international flights. "The flight to Mexico City responds to market demands that appear to be of great interest, both in terms of traditional tourism, business tourism and cargo."

  • SINGAPORE, June 12- South Korea's GS Caltex Corp is set to receive a shipment of 2 million barrels of West African crude, dwarfing the country's usual purchases from the region as it looks to diversify supply away from the Middle East. South Korea's second-biggest refiner is due to receive a total of 2 million barrels of crude from Angola and the Republic of Congo...

  • TOKYO, June 11- Asian stocks rose on Thursday, encouraged by gains on Wall Street, while the New Zealand dollar tumbled to a five-year low after the central bank cut interest rates for the first time in four years. Spreadbetters expected a flat to slightly lower open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares...

  • SEOUL, June 11- South Korea's central bank cut its policy rate by 25 basis points to a record-low 1.50 percent on Thursday, as policymakers sought to shield a tottering economy from an outbreak of a deadly respiratory disease. A Bank of Korea media official announced the monetary policy committee's decision to lower the base rate, without elaborating.