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  • *Bernanke: Japan's real equilibrium rate may be negative. TOKYO, May 24- Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate a new fiscal spending plan with the government, allowing for inflation to accelerate above its 2 percent target without worsening the debt burden. If inflation accelerated to 2 percent by...

  • *Aussie, China shares down after Moody's downgrade. TOKYO, May 24- China's main stock index fell one percent and the Australian dollar slipped on Wednesday after Moody's cut its sovereign credit rating on China. The Aussie fell as much as 0.3 percent to $0.7452 soon after the Moody's announcement downgrading China to A1 from Aa3.

  • TOKYO, May 24- Japan's Nikkei share average rose on Wednesday morning helped by exporters after the dollar gained against the yen, while financials gained ground thanks to a rise in U.S. Wall Street's strength lifted the mood in the Tokyo market. President Donald Trump's first full budget plan was largely as expected, even if it is not expected to be approved in...

  • TOKYO, May 24- The dollar held firm on Wednesday, having rebounded from 6-1/ 2- month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt. It managed to pull away from the 96.797 level plumbed on Monday, its lowest since Nov. 9, when...

  • CHICAGO, May 23- U.S. grains trader Bunge Ltd said on Tuesday it was not in talks with Swiss mining and commodities group Glencore Plc, after the latter said it had made an informal approach to discuss "a possible consensual business combination." Bunge shares ended trading in New York up 16.6 percent at $81.70, giving the company a market capitalization of $11.4...

  • SHANGHAI, May 24- Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second-biggest economy would erode in the coming years. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over...

  • SINGAPORE, May 24- Struggling commodity trader Noble Group Ltd said on Wednesday it was still in discussions with various potential strategic parties as it sought to regain market confidence, but its shares fell 11 percent in early trade. Sources have told Reuters that China's state-owned Sinochem is no longer pursuing an investment in Noble due to concerns...

  • MELBOURNE, May 24- London copper edged lower on Wednesday after credit ratings agency Moody's downgraded China due to its massive debt, with muted trade expected ahead of minutes of a Federal Reserve meeting later in the session. *CHINA: Moody's cited the growing leverage in China for the downgrade, and warned about slowing economic growth.

  • *OPEC, other producers to meet May 25 to decide output policy. SINGAPORE, May 24- Oil prices rose on Wednesday, supported by increasing confidence that an OPEC- led production cut aimed at tightening the market would be extended through the rest of 2017 and the first quarter of next year. "OPEC is meeting on 25 May with an extension of supply cuts at the top of its agenda.

  • *April manufacturers' sentiment index +24 vs +26 in April Service- sector index +30 in May vs 28 in April. TOKYO, May 24- Confidence among Japanese manufacturers receded in May for the first time in nine months after hitting a decade-high level April, a Reuters survey found, showing guarded optimism in a nascent export-led economic recovery. The dollar has risen...

  • *Bernanke: Japan's real equilibrium rate may be negative. TOKYO, May 24- Former Federal Reserve Chairman Ben Bernanke said on Wednesday the Bank of Japan may need to coordinate with the government's new fiscal spending program by allowing inflation to overshoot its consumer price target. Although Japan's economy has shown signs of a pick-up in recent months,...

  • *The USDA estimated that U.S. soybean plantings were 53 percent complete, above the five-year average of 52 percent. *Soybean futures drew underlying support from a USDA announcement that private exporters in the last day sold 126,000 tonnes of old-crop U.S. soybeans to unknown destinations. *Oil prices settled a bit higher on Tuesday as expectations of an...

  • TAIPEI, May 24- Taiwan stocks rose for a third straight session on Wednesday, joining other markets in the region, with tech and financial heavyweights leading the way. Their life insurance units and other local rivals posted a combined forex loss of T $83.7 billion in the first four months of the year, as gains in the Taiwan dollar hurt their overseas investment...

  • May 23- Private equity firm Apollo Global Management LLC is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, according to people familiar with the matter. Private equity firm GTCR Ltd was in the lead to acquire CareerBuilder for more than $1 billion, Reuters reported...

  • SHANGHAI, May 24- Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday, citing expectations that the financial strength of the world's second biggest economy would erode in the coming years. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the...

  • *India to tax hybrids higher than EVs from July 1. *Policy uncertainty is forcing car makers to delay plans in India. India also plans to impose higher taxes on hybrid vehicles compared with electric, under a new unified tax regime set to come into effect from July 1, upsetting car makers like Maruti Suzuki and Toyota Motor.

  • "Whether or not you are regulated by the SEC, you still have fiduciary duties to your investors," said Valerie Szczepanik, the head of the SEC's distributed ledger group. The SEC official, who is also an assistant director of the commission's division of enforcement, spoke at a panel discussion at the Consensus blockchain conference in New York.

  • *Spot gold was up 0.1 percent at $1,252.32 per ounce by 0057 GMT. *A U.S. interest rate hike next month is a "distinct possibility," the head of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday, adding that another disappointing reading on monthly inflation could cause the U.S. central bank to hold back. *Former CIA director John Brennan said on...

  • TOKYO, May 24- Asian shares edged lower in early trade on Wednesday, while the Australian dollar and the offshore Chinese yuan slipped after Moody's cut its sovereign credit rating on China. The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar, 0.1 percent below late U.S. levels after Moody's downgraded China to A1 from...

  • SHANGHAI, May 24- Moody's Investors Services downgraded China's long-term local and foreign currency issuer ratings on Wednesday citing expectations that the financial strength of the world's second biggest economy would erode in the coming years. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the...