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Wires

  • *China has capability, methods to stabilize housing market. BEIJING, Feb 23- China's property prices will remain stable in the first quarter, housing minister Chen Zhenggao said on Thursday, adding the government has the capacity and methods to stabilize the market. China's home price growth slowed for the fourth straight month in January after authorities...

  • *China has capability, methods to stabilise housing market. BEIJING, Feb 23- China's property prices will remain stable in the first quarter, housing minister Chen Zhenggao said on Thursday, adding the government has the capacity and methods to stabilise the market. China's home price growth slowed for the fourth straight month in January after authorities...

  • JAKARTA, Indonesia— A report on inequality in Indonesia says its four richest men now have more wealth than 100 million of the country's poorest people. The report by Oxfam says Indonesia, with a population of more than 250 million, has the sixth-worst inequality in the world. Oxfam says social instability could increase if the government doesn't tackle the gap...

  • MELBOURNE, Feb 23- London copper prices drifted lower on Thursday, with the U.S. dollar firming as the market reassessed minutes from the Federal Reserve's last policy meeting that kept the prospect of a March rate hike in play. Prices have been bouncing around the $5,960- $6,200 a tonne range since mid-month, touching a 20- month top of $6,204 on Feb. 13 after a...

  • TOKYO, Feb 23- The dollar drifted on Thursday as impact from the Federal Reserve's policy meeting minutes and supportive comments from a top U.S. official faded, while the Australian dollar slipped in the wake of downbeat economic data. Treasury Secretary Steven Mnuchin reportedly reiterated that a strong dollar was a "good thing" in the long run.

  • Caterpillar Inc, United Technologies Corp, Dana Inc, 3 M Co and General Electric Co, are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. Executives from the five companies are among a group of business leaders due to meet with Trump on Thursday to discuss how to help the president deliver on...

  • SAO PAULO, Feb 23- Twitter Inc has found a bright spot in Brazil, Latin America's largest economy, even as weak advertising sales across the globe have punished the social network's stock in recent weeks. Advertising revenue rose about 30 percent in Brazil last year, Twitter's top executive in the country told Reuters, defying a two-year slowdown in the local...

  • TOKYO, Feb 23- Nissan Motor Co said Carlos Ghosn, who has led the Japanese automaker for the past 16 years, will step aside as chief executive officer, handing over the helm to a long-time company veteran. The announcement ends years of speculation over when Ghosn would relinquish the top job at Nissan, Japan's No. 2 automaker, to focus on French alliance partner...

  • However, for prices to break out of their trading ranges, the market needs to see signs that OPEC inventories are falling, said Tony Nunan, oil risk manager at Mitsubishi Corp. in Tokyo. "It's a battle between how quick OPEC can cut without shale catching up," Nunan said, referring to U.S. drilling in shale formations that has shown an upsurge after prices rose this year.

  • SYDNEY/ WELLINGTON Feb 23- Qantas Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate. Shares in the carriers climbed as Air New Zealand said it was already seeing a reduction in flights by Chinese...

  • The United States should expect a "strong slap in the face" if it underestimates Iran's defensive capabilities, a commander of the elite Revolutionary Guards says, as Tehran concludes war games. Mexico reacts with anger to what one official calls "hostile" new U.S. immigration guidelines as senior Trump administration envoys begin arriving in Mexico City for...

  • TOKYO, Feb 23- Japan's Nikkei share average fell on Thursday morning as financial stocks weakened after U.S. yields fell on the cautious tone struck in minutes of the latest Federal Reserve monetary policy meeting. "Cyclical stocks are sensitive to currency moves and yield levels so investors would avoid them when they are cautious about global events," said...

  • *USDA expected to raise forecast for soybean plantings. The most active soybean futures on the Chicago Board Of Trade rose 0.3 percent to $10.25-1/ 2 a bushel, having earlier hit a low of $10.22 a bushel- the lowest since Feb. 1. "There are bumper supplies in South America, while the U.S. Department of Agriculture is expected to report an increase in plantings.

  • *Raising yield target won't be easy- Kiuchi. *Calls for normalizing policy at appropriate timing. KOFU, Japan, Feb 23- Dissenting Bank of Japan board member Takahide Kiuchi warned that raising the bank's bond yield target near-term would be problematic as inflation remains well below its 2 percent goal.

  • SYDNEY, Feb 23- The first attempt at an acquisition by Australia's South32 following its spinoff from BHP Billiton has raised competition concerns over control of the local coking coal market. Australia's chief competition regulator on Thursday said it was concerned South32's proposed $200 million acquisition of Peabody Energy's Metropolitan colliery...

  • South Korean treasurer went missing on Feb. 7. ZURICH, Feb 22- Swiss engineering group ABB on Wednesday said it fell victim to a "sophisticated criminal scheme" at its South Korean subsidiary, with the chief suspect an executive responsible for ethics training. The executive, named by a source in South Korea as Oh Myeong-se, was treasurer and one of two integrity...

  • MELBOURNE, Feb 23- London copper prices drifted in low volumes on Thursday, with the U.S. dollar firming as the market reassessed the minutes of the Federal Reserve's last policy meeting, which kept the prospect of a March rate hike in play. *Prices have been bouncing around the $5,960- $6,200 range since mid-month, having reached a 20- month top of $6,204 on Feb. 13,...

  • SYDNEY, Feb 23- U.S. soybeans edged higher on Thursday, rebounding from a three-week low touched earlier in the session, with market sentiment likely to be driven by the U.S. Department of Agriculture's U.S. crop planting forecasts due later in the day. *The most active soybean futures on the Chicago Board Of Trade rose 0.3 percent to $10.25-3/ 4 a bushel, having...

  • SEOUL, Feb 23- South Korea's central bank kept interest rates unchanged for an eighth straight month on Thursday, opting for stability as it monitors uncertainties ranging from an unpredictable North Korea to global policy challenges and a political scandal at home. All 20 analysts surveyed in a Reuters poll before the decision forecast the Bank of Korea...

  • Feb 23- Gold prices held steady on Thursday as the U.S. dollar firmed following overnight losses after the release of minutes from the last U.S. *Spot gold had crept down 0.1 percent to $1,236.30. per ounce at 0109 GMT, while U.S. gold futures rose 0.4.