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Wires

  • SHANGHAI, Feb 23- China stocks slid from 2-1/ 2 month highs on Thursday morning, with sentiment dampened after regulators circulated a draft plan of new rules for the asset management industry aimed a curbing financial risks. China's blue-chip CSI300 index fell 0.5 percent, to 3,472.43 at the end of the morning session, while the Shanghai Composite Index lost 0.4...

  • SINGAPORE, Feb 23- Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia. "I know a lot of people will give back their keys, that's for sure," said Lionel Ong, 33, an Uber driver, who wants to look for a less demanding part time...

  • MEXICO CITY, Feb 22- Mexico reacted with anger on Wednesday to what one official called "hostile" new U.S. immigration guidelines hours before senior Trump administration envoys began arriving in Mexico City for talks on the volatile issue. The U.S. Department of Homeland Security unveiled plans on Tuesday to consider almost all illegal immigrants subject to...

  • NEW YORK— A wealthy former CEO who dodged securities fraud charges for a decade by fleeing to Africa is facing sentencing in New York City. Jacob "Kobi" Alexander is due in federal court in Brooklyn on Thursday. He was in Israel and negotiating a possible surrender when he vanished in 2006..

  • MEXICO CITY, Feb 22- Mexico reacted with anger on Wednesday to what one official called "hostile" new U.S. immigration guidelines hours before senior Trump administration envoys began arriving in Mexico City for talks on the volatile issue. The U.S. Department of Homeland Security unveiled plans on Tuesday to consider almost all illegal immigrants subject to...

  • CANNON BALL, N.D., Feb 22- All but a few dozen of the last holdouts from a months-long mass protest against a proposed oil pipeline in North Dakota peacefully vacated their riverside camp as an eviction deadline passed on Wednesday. "We've very firm that the camp is now closed," Governor Doug Burgum, a Republican, told an evening news conference. The encampment has...

  • *China's January trade balance was+ $51.34 billion (prelim. +$51.35 billion), according to revised data published by China's customs bureau on Thursday. *Customs said China January dollar-denominated import and export growth were +16.7 pct and +7.9 pct, respectively, unchanged from preliminary figures announced February 10.

  • BEIJING, Feb 23- China's January exports of diesel fuel rose 32.5 percent from a year earlier to 960,000 tonnes, data from the Chinese General Administration of Customs showed. The figure was still well below a record amount of 1.78 million tonnes shipped out in December. January gasoline exports gained 1.3 percent on year to 600,000 tonnes, while kerosene...

  • BEIJING, Feb 23- China imported 410,000 tonnes of sugar in January, up 42 percent compared with the same month a year earlier, customs data showed on Thursday. The import figure was the highest since September last year. High global prices pushed imports by the world's top buyer of the sweetener to their lowest level in five years last year, with 2016 shipments at...

  • *Spot gold remains neutral in $1,233- $1,240/ oz range-technicals. *Investors await Trump's address to Congress next week. "Gold continues to tread water post the Federal Open Market Committee minutes, probably the highlight of a very light data week," said Jeffrey Halley, senior market analyst at OANDA.

  • TOKYO, Feb 23- Japanese government bonds firmed on Thursday, after better-than-expected demand at an auction of 20- year JGBs. The benchmark 10- year JGB yield inched down 0.5 bp to 0.075 percent, while 10- year JGB futures were up 0.13 point at 150.21 in afternoon trade, lifted from their morning session close of 150.16 by the auction results.

  • HONG KONG, Feb 23- China's yuan slipped against the U.S. dollar on Thursday, even amid a stronger daily fixing, as the dollar found support after Federal Reserve minutes pointed to another rate hike "fairly soon." Traders expected the spot yuan market to remain quiet before the Fed's rate decision and start of China's National People's Congress parliamentary...

  • *BOK keeps rates at 1.25 pct. SEOUL, Feb 23- South Korea's central bank opted for stability on Thursday, keeping its interest rates unchanged for an eighth straight month as it faces declining consumer confidence, trade challenges, and a government in turmoil from a political scandal. The Bank of Korea left its base rate at 1.25 percent, a record-low, with Governor...

  • Australia Post managing director Ahmed Fahour said he was quitting the national mail service on the same day the government-owned corporation posted a profit of AU $131 million for the six months through December. The Lebanese-born former banker, 50, said he was leaving because Australia Post had transformed from a traditional mail service to a parcel and...

  • *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...

  • *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...

  • 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 released Thursday by Oxfam said Indonesia, with a population of more than 250 million, has the sixth-worst inequality in the world. The report said extreme poverty of less than $1.90 a day in income has...

  • 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...