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  • *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper steadied on Tuesday, underpinned by a weaker dollar as worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week. "There are a lot of people who have come back in 2016 and are...

  • SYDNEY, Feb 9- Asian share markets were scorched on Tuesday as stability concerns put a torch to European bank stocks and sent investors stampeding to only the safest of safe-haven assets. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2 percent, with Australian shares hitting 2-1/ 2- year closing low, and would have been lower if not for...

  • *Mideast OPEC producers fight for market share in Asia. DUBAI, Feb 9- Iraq has raised the March official selling price for Basra Light crude to Asia by $0.20 to minus $2.60 a barrel against the average of Oman/ Dubai quotes from the previous month, the State Oil Marketing Organization said. Basra Heavy to Asia in the same month was priced at minus $6.30 a barrel to Oman/...

  • President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled...

  • Feb 8- Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc. Pichai, who took over in August, received a grant for 273,328 Class C Google stock units on Feb. 3. On the same day, Pichai sold 375 Class A common shares at a price of $786.28 each, and 3,625 Class C...

  • Markets were down less severely in the Philippines, Indonesia, Thailand and New Zealand. China, Hong Kong, Taiwan and South Korea were closed for Lunar New Year holidays. Among banking stocks, National Bank of Australia retreated 4.8 percent in Sydney and Mizuho Financial sank 6.2 percent in Tokyo.

  • TOKYO, Feb 9- The yield on Japan's benchmark 10- year government bond turned negative for the first time on Tuesday as Tokyo's Nikkei stock index tumbled, boosting investor demand for safe-haven debt. Demand for 10- year JGBs, which now offer sub-zero rates through 10 years into the yield curve, received a fresh boost on Tuesday when the latest bout of global risk...

  • All but Florida had accepted a Medicaid expansion that is one of two major pathways to coverage under President Barack Obama's health care law. GOP presidential candidates are vowing to repeal "Obamacare," while offering hardly any detail on how they'd replace it without millions losing coverage. They are Arizona, California, Colorado, Florida, Illinois,...

  • NEW YORK, Feb 9- U.S. oil and gas pipeline companies including Williams Companies Inc and Kinder Morgan Inc have contracts worth billions of dollars that might be at risk as Chesapeake Energy Corp aims to slash its debts amid collapsing energy prices. But with oil prices at their lowest in 12 years due to a global supply glut with OPEC unwilling to slow production,...

  • TOKYO, Feb 9- S&P 500 e-mini futures fell more than 1 percent on Tuesday as a global equity selloff intensified. On Monday, the S&P 500 fell 1.42 percent in U.S. trading. The selloff spread to Asia on Tuesday, pressuring stocks and lifting bonds and gold.

  • TOKYO, Feb 9- Liquefied natural gas spot prices for delivery in January to Japan, the world's biggest buyer, fell to its lowest since the trade ministry started publishing figures about two years ago, official data showed on Tuesday. The average price for cargoes arriving in Japan during January edged up to a three-month high of $7.90 per mmBtu, up 40 cents from the...

  • SYDNEY, Feb 9- U.S. soybeans were mostly unchanged on Tuesday and held near their lowest in almost a month as crop-friendly rains across Argentina continued to cap prices. Traders and analysts said the market remained under pressure from rains across Argentina. Consequently soybean crops are now looking just fine in both Argentina and Brazil, "said Tobin Gorey,...

  • *Thin liquidity in Asia with China on week-long holiday. MANILA, Feb 9- Gold edged up to near its highest since June on Tuesday, as uncertainty over global growth that has hammered stocks puts the precious metal on course for its longest rally since 2011.. Tuesday would mark gold's eighth straight day of gains as investors seek safe havens in the face of instability...

  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly one month, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • TOKYO, Feb 9- Crude oil prices jumped as much as 2 percent on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. U.S. crude was up 49 cents at $30.18 a barrel at 0259 GMT, after rising as far as $30.30. But on Tuesday, oil market traders ignored a 5-...

  • *Asia trade insurers wary over China, India metals firms. *Coming Up: Germany Industrial output Dec 0700 GMT. MELBOURNE, Feb 9- London copper drifted on Tuesday after worries over bank solvencies spilled over from global stock markets, and turnover was extremely low as traders waited for the return of top consumer China next week for fresh signals on demand.

  • SAN FRANCISCO, Feb 8- Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad and appointed a new leader for the troubled tech company. David Sacks, a former executive at Yammer and PayPal who joined Zenefits a year ago as chief operating officer, has taken over as CEO. Recently, Zenefits came under...

  • MEXICO CITY, Feb 8- Mexico's government could announce 2017 budget cuts in the next few days, Finance Minister Luis Videgaray said on Monday, though he did not specify how much of a cut was on the table. Videgaray said earlier on Monday that the government should prepare for budget cuts in 2017, as a slump in oil prices and production has hammered public finances.

  • *Most of Asia still shut for Lunar New Year holidays. TOKYO/ SYDNEY, Feb 9- The dollar briefly crashed through the 115- yen level to its lowest since November 2014 on Tuesday, as a sell-off in European and U.S. stocks continued into the Asian session and stoked demand for the perceived safe-haven Japanese currency. "What a panic situation," said Kaneo Ogino, director at...

  • *If Nikkei falls further, lowest level since Oct 2014 in sight. *Strong yen triggers worries about Japan Inc's earnings. TOKYO, Feb 9- Japan's Nikkei share average tumbled to a 2-1/ 2- week low on Tuesday morning, with banks taking the brunt of the sell-off, while a stronger yen dragged down stocks across the board.