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  • *Copper prices seen at $4,890 average in 4 Q- NAB. MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of the outcome of the U.S. "My medium to longer term view on copper prices is fairly bearish but the recent increase in prices seems to be a general reflection of risk on, as people become more...

  • BEIJING, July 27- Property sales in Beijing rose 64.8 percent in 2015, boosted by more favourable housing policies, according to a real estate white paper released by the city's government. The number of newly-built commercial homes and existing stock sold in Beijing increased 26 percent and 90.7 percent respectively year-on-year in 2015, according to the...

  • HONG KONG, July 27- China's yuan firmed against the dollar on Wednesday after the central bank set a stronger midpoint for the second day, and market players bet on more gains ahead of a G20 leaders' summit in early September. The People's Bank of China set the midpoint rate at 6.6671 per dollar prior to the market open on Wednesday, firmer than the previous fix of...

  • TOKYO, July 27- Japanese Prime Minister Shinzo Abe is planning a stimulus package with a headline figure of $255 billion to reflate the flagging economy, Fuji TV said, though it is uncertain how much of it will consist of government spending. Abe will announce details of the package, including the total size of around 27 trillion yen on Wednesday afternoon, the TV...

  • TOKYO, July 27- The dollar trimmed some of its large gains made against the yen after Japan's finance ministry denied a report that it was mulling the launch of 50- year government bonds. The dollar was up 1.1 percent at 105.83 yen after going as high as 106.54 on reports that Japan was considering issuing 50- year bonds and would announce a 27 trillion yen fiscal...

  • TOKYO, July 27- Japan's Nikkei share average rose more than 2.5 percent on Wednesday afternoon after Fuji TV reported that Prime Minister Shinzo Abe will announce an economic stimulus package worth 27 trillion yen. The Nikkei jumped as high as 2.7 percent to 16,821.43 in early afternoon trade. The television network reported during the Tokyo market's lunch...

  • July 27- Property sales in Beijing rose 64.8 percent in 2015, boosted by more favorable housing policies, according to a real estate white paper released by the city's government. The number of newly-built commercial homes and existing stock sold in Beijing increased 26 percent and 90.7 percent respectively year-on-year in 2015, according to the paper...

  • *Federal Open Market Committee policy statement due at 1800 GMT. BENGALURU, July 27- Gold edged slightly lower on Wednesday as the dollar and equities firmed ahead of the U.S. Spot gold dipped 0.2 percent to $1,316.90 an ounce at 0302 GMT.

  • *Relatively upbeat U.S, European stocks shore up Asia. HONG KONG, July 27- Asian stocks climbed to fresh near one-year highs and the Japanese yen weakened on Wednesday as awaited central bank meetings this week that could see fresh stimulus in Japan and provide clues on U.S. interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2...

  • SINGAPORE, July 27- The dollar extended its gains against the yen and rose 1.6 percent on Wednesday, after the Wall Street Journal reported that Japan is considering issuing 50- year bonds as part of an economic stimulus package. The dollar last stood at 106.34 yen, up about 1.6 percent on the day. The Wall Street Journal report stirred renewed expectations for the...

  • BEIJING, July 27- China faces extreme difficulties as it tries to reduce industrial overcapacity, the country's state planner said in a statement on its website on Wednesday.

  • *Chicago wheat edges higher after Tuesday's over 3 pct fall. SINGAPORE, July 27- Chicago wheat rose on Wednesday as the market recovered from a more than three percent fall in the previous session, supported by a widely watched crop tour that found lower U.S. spring wheat yield prospects. The Chicago Board Of Trade's most-active wheat contract rose 0.4 percent to...

  • TOKYO, July 27- Shares in Japan's Itochu Corp skidded as much as 10 percent after short-seller Glaucus Research Group released a report criticising the trading company's accounting practices. Last financial year Itochu booked 240 billion yen in net profit- the most among Japan's top five trading companies. By contrast, rivals Mitsubishi Corp and Mitsui& Co...

  • TOKYO, July 27- Shares in Japan's Itochu Corp skidded as much as 10 percent after short-seller Glaucus Research Group released a report criticizing the trading company's accounting practices. Last financial year Itochu booked 240 billion yen in net profit- the most among Japan's top five trading companies. By contrast, rivals Mitsubishi Corp and Mitsui& Co...

  • SYDNEY, July 27- Australian consumer prices rose at the slowest annual pace since 1999 last quarter while core inflation remained at a record low, setting the stage for a cut in interest rates as early as next week. The headline CPI index rose just 1.0 percent in the year to June, while key measures of underlying inflation held at 1.5 percent, all well below the...

  • July 26- Apple Inc sold more iPhones than Wall Street expected in the third quarter and estimated its revenue in the current period would top many analysts' targets, soothing fears that demand for the company's most important product had hit a wall. Demand for Apple's phones has waned in China, partly because of economic uncertainty there, and has also slowed in...

  • MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of a meeting of the Federal Reserve which is expected to keep rates unchanged, keeping down costs for capital-intensive commodities. *Shanghai Futures Exchange copper climbed half a percent to 37,990 yuan a tonne. *Australia's Fortescue...

  • TOKYO, July 27- Japan's Nikkei share average rose on Wednesday morning after the yen dropped on expectations of monetary easing by the Bank of Japan this week, encouraging investors to scoop up recently battered stocks. "The street is all hot and sweaty for a duel bazooka to be launched on both fiscal and monetary nature," said Gavin Parry, managing director at Parry...

  • SPARKS, Nevada, July 26- Tesla Motors Inc's next strategic turn could cost the electric car maker "tens of billions" of dollars over the long term, but will likely require only a "modest" capital raise, Chief Executive Elon Musk said on Tuesday. While some analysts have questioned how profitable the Model 3 will be, Musk on Tuesday said he expects the car to generate $20...

  • SINGAPORE, July 27- Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. International Brent crude oil futures were trading at $44.81 at 0148 GMT, down 6 cents from their previous close.