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  • KEEPING SCORE: Japan's Nikkei 225 rose 0.7 percent to 20,666.74 and South Korea's Kospi added 0.1 percent to 2,030.11. Stocks in Taiwan, India and Southeast Asia rose. Also on Friday, the Institute for Supply Management, a trade group of purchasing managers, issues its index of non-manufacturing activity for July, which shows the status of U.S. service firms that...

  • NEW YORK, Aug 4- Global crude prices rose from multi-month lows on Tuesday, helped by a stock market rally in No. 2 oil consumer China, but abundant supply and a weak demand outlook make crude's rebound unlikely to hold, traders and analysts said. Brent, the world benchmark for oil, and U.S. crude settled up for the first time in four sessions, a day after Monday's 5 percent...

  • NEW YORK, Aug 4- The dollar rose on Tuesday as a top U.S. Atlanta Fed President Dennis Lockhart told the Wall Street Journal said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September. "He is seen as a swing vote and he has become increasingly hawkish," said Ian Gordon, G10 currency strategist at Bank of America Merrill...

  • Platinum, palladium fall on oversupply, weak China demand. NEW YORK/ LONDON, Aug 4- Gold retreated from intraday highs on Tuesday as the dollar moved higher and a voting member of the U.S. Gold prices fell from their highs after Atlanta Federal Reserve President Dennis Lockhart said it would take "significant deterioration" in the U.S. economy for him to not support a...

  • LONDON/ MILAN, Aug 4- Russia's Vimpelcom and Hong Kong's Hutchison Whampoa are close to a deal to merge their Italian mobile phone businesses, sources close to the deal said. "Negotiations have become serious," a second source said, adding that Hutchison Managing Director Canning Fok had met with Vimpelcom counterparts in London several times this month.

  • LONDON, Aug 4- Britain's Serious Fraud Office is poised to file more criminal charges in connection with its investigation into alleged rigging of benchmark interest rates after sealing the world's first Libor conviction in a jury trial on Monday. Green has staked his reputation on a successful prosecution in the investigation into the suspected...

  • *BMW down as earnings momentum slows. Greece has had to introduce capital controls and is seeking a new bailout deal following a debt crisis. Many investors have cut their exposure to Greece, which accounts for only a fraction of the overall European economy, and are focusing more on "core" European markets such as Germany and France, or Spain and Italy in the south.

  • LONDON, Aug 4- Colombia could pre-finance next year's borrowing needs, possibly with a euro-denominated bond before the U.S. But with $3 billion in overseas borrowing projected for next year, Colombia may issue Eurobonds ahead of the U.S. interest rate hike that Cardenas expects will come in December. Colombia would have to go for a 10- year maturity in euros, but...

  • NEW YORK, Aug 4- Global crude prices advanced from multimonth lows on Tuesday after stock market gains in No. 2 oil consumer China, but the rebound is unlikely to have traction due to weakening demand and growing oversupply, traders and analysts said. The U.S. Energy Information Administration, the Paris- based International Energy Agency and the Organization of...

  • LONDON, Aug 4- German fashion house Hugo Boss said Chinese tourists flocking to Europe helped sales rise more than expected in the second quarter. Meanwhile, spending by Chinese customers in Europe has hit record levels, according to duty refund company Global Blue, helped by big shifts in exchange rates that have meant a luxury item might cost less than half the...

  • LONDON, Aug 4- Plunging commodity prices and rock-bottom interest rates this year have cut bonuses for managing directors on commodity and rates trading desks in London by as much as 60 percent. Figures from salary benchmarking site Emolument show that commodities managing directors bonuses this year averaged 150,568 pounds, compared with 373,000 pounds...

  • LONDON/ SINGAPORE, Aug 4- Oil prices are unlikely to recover soon as Saudi Arabia's drive to boost its refining activities is expected to force refineries elsewhere to slow down their operations, thus creating an even bigger glut of unwanted crude oil. Two big new refineries in Saudi Arabia are adding to growing supplies of diesel and jet fuel, which could mean...

  • *Disappointing U.S. data raise doubts on rate hike in Sept. NEW YORK, Aug 4- The dollar was little changed against a basket of currencies on Tuesday following a batch of disappointing economic data, while currencies tied to commodities rebounded on a stabilization in oil and metal prices that had fallen sharply in recent weeks. "It's been a quiet day with most major...

  • LONDON, Aug 4- Drugmaker Shire said on Tuesday it was seeking to buy Baxalta, a company spun-off by Baxter International last month, for $30 billion to forge the leading global specialist in rare diseases. Shire said its unsolicited offer of 0.1687 Shire American depositary receipts per share valued each Baxalta share at $45.23. Shares in Baxalta jumped 19...

  • TEHRAN, Iran— An Iranian government official said Tuesday the Islamic Republic will allow some BBC journalists to report there for a week's time, loosening restrictions on a news organization often vilified in local media amid signs of warming diplomatic ties to Britain. The BBC said it had no word from the Iranian government on the decision, though one of its...

  • Aug 4- The U.S. Department of Justice is investigating trades worth billions of dollars that Deutsche Bank AG made on behalf of Russian clients, a person familiar with the situation told Reuters on Tuesday. It had said in its second-quarter financial report that it was investigating equity trades by Deutsche Bank clients in London and Moscow that offset one...

  • KIEV, Aug 4- Ukraine's Finance Ministry said on Tuesday it had sent a fresh debt restructuring proposal to a group of its largest creditors, which it invited to a high-level meeting on Thursday for "decisive" negotiations. Talks to restructure $23 billion of Ukraine's sovereign and quasi-sovereign debt have dragged on for more than four months over a...

  • *Brent oil stabilises at just under $50 a barrel after 5 pct drop. *China stocks bounce 3 pct, copper and other commodities firmer. LONDON, Aug 4- Oil prices steadied at $50 a barrel after a 5 percent drop and badly bruised commodity and Chinese markets were calmer generally on Tuesday, as investors attempted to shake off the recent turbulence.

  • *FTSE 100 down 0.5 pct, in line with Europe. *Travis Perkins, Standard Life down after results. The FTSE 100 index was down 0.4 percent at 0804 GMT, broadly in line with peers across Europe, though it has so far this year underperformed the region as a commodities sell-off and worries over China demand weigh on London- listed mining and energy shares.

  • LONDON, Aug 4- Major currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks, as oil prices steadied and Australia's central bank changed its tone. The New Zealand dollar, which often tracks the Aussie, gained around half a percent, while the Canadian dollar, helped by a steadying of prices for Brent and U.S. crude,...